Over 51,000 new companies became members of Dubai Chamber of Commerce during Q1-Q3 2024, representing year-over-year growth of 4%

Dubai Chamber of Commerce, 1 of the 3 chambers operating nether the umbrella of Dubai Chambers, has announced details of its cardinal achievements during the archetypal 9 months of 2024. The chamber’s notable milestones bespeak its occurrence successful enhancing the emirate’s favourable concern environment, driving economical growth, and contributing to the goals of the Dubai Economic Agenda (D33).

A full of 51,561 caller companies joined arsenic members of the enclosure during the archetypal 9 months of 2024, representing year-over-year (YoY) maturation of 4% compared to the aforesaid play past year. The figures bespeak Dubai’s expanding entreaty among determination and planetary investors.

The worth of members’ exports and re-exports during Q1-Q3 2024 reached AED 224 billion, representing YoY maturation of 7%. A full of 578, 268 certificates of root were issued during the nine-month period, besides reflecting YoY maturation of 7%. In addition, 3,259 ATA Carnets were issued and received for goods with a combined worth of much than AED 2 billion.

His Excellency Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented: “Guided by the imaginativeness of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai is continuing to cement its presumption arsenic a starring planetary hub for commercialized and investments, portion enhancing the competitiveness of its business-friendly situation to pull overseas nonstop investment.”

His Excellency added: “We are committed to doubling our efforts to enactment Dubai’s sustainable economical improvement travel successful collaboration with partners from the nationalist and backstage sectors. The enclosure remains dedicated to promoting concern growth, safeguarding the interests of the concern community, attracting overseas nonstop investment, and creating much opportunities for companies operating successful the emirate to grow and execute sustainable turn some locally and internationally.”

Supporting the Business Community

Dubai Chamber of Commerce reviewed 154 laws and draught laws successful practice with Business Groups during Q1-Q3 2024, with the resulting recommendations achieving an adoption complaint of 46%. A full of 146 meetings were held with Business Groups and Business Councils during this play including Annual General meetings. The enclosure besides facilitated 69 meetings betwixt Business Groups and Councils and cardinal authorities entities and established 7 caller Business Councils representing the interests of investors from Costa Rica, Greece, Poland, Mexico, Colombia, Kazakhstan, and Georgia.

In addition, the enclosure received 131 mediation cases during Q1-Q3 2024, representing YoY maturation of 27% compared to the 103 cases received successful the aforesaid play past year.

Advancing Sustainability

To beforehand firm sustainability, Dubai Chamber of Commerce launched a caller Environmental, Social, and Governance (ESG) statement during the archetypal 9 months of this year. Developed by the chamber’s Center for Responsible Business, is designed to assistance organisations measure their ESG readiness and maturity levels and beforehand sustainable concern growth.

Enhancing Legal Awareness

As portion of its efforts to rise consciousness among companies regarding updates connected business-related laws and regulations, Dubai Chamber of Commerce organised 27 ineligible events during the archetypal 9 months of this year. The events, which were attended by 2,111 representatives from backstage assemblage companies crossed divers industries, sought to guarantee compliance with regulations governing the concern scenery and beforehand the adoption of champion practices.

Supporting Competitiveness of Family Businesses

The Dubai Centre for Family Businesses, which operates nether the umbrella of Dubai Chambers, accrued its efforts to enactment the sustainability, competitiveness, and continuity of household businesses. During the archetypal 9 months of this year, the centre organised 4 events arsenic portion of its governance bid that were attended by 201 participants. The sessions covered cardinal topics including succession readying models and strategies; the usage of waqf, foundations, and trusts successful in household businesses; the value of governance; and the relation of women successful enhancing the sustainability of household businesses.

The centre besides issued 4 informative toolkits connected household offices, household charters, household concern foundations, and firm governance for household businesses. 31 participants graduated from the archetypal cohort of the Dubai Family Business Management Programme, and 10 participants were certified done the centre’s advisor certification programmes.

In addition, 38 participants from the archetypal and 2nd cohorts of the Next-Gen Family Businesses Training Programme received training. The centre besides launched an online room containing astir 2,000 divers acquisition resources, including videos, webinars, articles, podcasts, and probe reports designed specifically for household businesses.

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