Dubai’s thriving business landscape continues to attract global entrepreneurs, with over 34,000 new companies becoming members of the Dubai Chamber of Commerce in the first half of 2024, marking a 5% year-over-year growth. This surge underscores the emirate’s growing appeal as a global hub for business, trade, and investment, aligning with the ambitious goals of the Dubai Economic Agenda (D33).
The chamber’s latest figures reveal that member exports and re-exports reached AED 145.9 billion, a 6.7% increase from the previous year. Additionally, 372,720 certificates of origin were issued, reflecting a 5.2% rise. The issuance of 2,433 ATA Carnets, valued at AED 1.6 billion, further highlights the dynamic business activities within the emirate.
H.E. Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, emphasized the impact of strategic initiatives and partnerships in enhancing Dubai’s favorable business environment. He noted that the chamber’s efforts are guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, aiming to bolster foreign trade and support the private sector’s competitiveness.
Moreover, the chamber reviewed 122 laws and draft laws, held 100 meetings with business groups and councils, and established six new country-specific business councils. These efforts are part of a broader strategy to enhance business advocacy and drive economic growth.
The Dubai Centre for Family Businesses also played a crucial role, organizing seminars and training programs to support family businesses’ sustainability and competitiveness. The launch of an e-library with around 2,000 educational resources further underscores the chamber’s commitment to fostering knowledge and innovation.
Overall, the Dubai Chamber of Commerce’s achievements in the first half of 2024 reflect a robust and dynamic business environment, positioning Dubai as a leading destination for global trade and investment.
Source: Dubai Chamber of Commerce
