February 23, 2024

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Dubai Chamber membership development up over 43% in H1-2023

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Dubai: The variety of new member firms becoming a member of the Dubai Chamber of Commerce elevated by 43 per cent throughout H1-2023 to achieve 30,148, up from 21,098 firms within the first half of 2022.

Dubai Chamber of Commerce, one of many three chambers working beneath the umbrella of Dubai Chambers, additionally introduced that the overall worth of exports and re-exports of member firms elevated by 7 per cent through the first half of 2023 to achieve Dh137.6 billion, up from Dh129.4 billion in the identical interval final 12 months. The Chamber additionally issued 357,000 certificates of origin throughout H1 2023.

Driving non-oil development

Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, stated, “The numerous enhance in our new members displays the chamber’s dedication to attracting investments, whereas the expansion within the worth of our members’ exports and re-exports underlines the affect of our assist for Dubai-based firms looking for to broaden into worldwide markets.” Al Ghurair stated the Chamber’s development aligns with Dubai’s drive to spice up the worth of non-oil international commerce to Dh2 trillion by 2026.

New initiatives

Furthermore, a complete of two,402 ATA Carnets (a customs doc that allows the tax-free and duty-free short-term export and import of non-perishable items for as much as one 12 months) have been issued and obtained for items and commodities with a worth of Dh 2.5 billion through the six months, in comparison with 2,326 ATA Carnets with a worth of Dh1.2 billion throughout H1 2023.

Dubai Chamber additionally launched the Dubai Centre for Household Companies in Could this 12 months and commenced its actions with the launch of the Governance Collection. The division additionally reviewed 54 draft legal guidelines in cooperation with Enterprise Teams through the first half of the 12 months to assist the enterprise group’s pursuits. On the identical time, the variety of mediation circumstances obtained reached 75.

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