French commerce

Dubai Chamber of Commerce Announces 55% Membership Growth in April 2022

  • HE Al Ghurair: The growth in membership and exports reflects Dubai Chambers’ efforts to boost the business environment and enhance its competitiveness.
  • Members’ exports and re-exports in the first four months of 2022 amounted to AED81.3 billion.

Dubai, United Arab Emirates – The Dubai Chamber of Commerce – one of three chambers operating under the Dubai Chambers umbrella – has revealed that its membership grew by 55.4% in April 2022, while exports and members’ re-exports had increased by 16.7%, compared to the same period last year.

The new member companies that joined the Dubai Chamber of Commerce in April 2022 reached 3,056, bringing the Chamber’s total membership to 300,000 companies and making it the largest chamber of commerce in the world.

Meanwhile, the value of members’ exports and re-exports in April 2022 stood at AED20.2 billion, up 16.7% from the AED17.3 billion posted in April 2021. The Chamber issued 57,704 certificates of origin in April this year, up 8.2. % since last year.

HE Abdul Aziz Al Ghurair, Chairman of Dubai Chambers, said the latest figures reflect Dubai Chambers’ efforts to boost the business environment and strengthen its competitiveness. He noted that the new Dubai Chambers structure has enabled the three chambers operating under its aegis to take a more specialized and effective approach to driving Dubai’s sustainable economic growth and development, while elevating the position of the emirate as a world trade center.

“Dubai’s status as an international hub that connects economic decision makers, investors and experts reflects the emirate’s pioneering role in establishing an optimized trade and investment climate that drives growth. and business development. The Dubai Chamber of Commerce constantly seeks to promote Dubai as a global business, economic and digital destination,” added HE Al Ghurair.

“Dubai Chambers is a strategic and effective partner in driving comprehensive economic development in the emirate. We are currently developing and launching several new initiatives designed to improve the ease of doing business in Dubai, remove trade barriers and enable Dubai businesses to tap into a host of growth opportunities in a promising market, while expanding our efforts to attract high-potential multinational companies and startups from overseas,” he said. declared.

HE Al Ghurair highlighted the crucial role played by the Chamber’s international offices in connecting global trading markets and cementing Dubai’s position as a leader in the development of the global trading system. In April 2022, the Chamber’s international offices held more than 140 meetings with leading investors in Africa, Latin America, Azerbaijan, India and China, in addition to virtual meetings with senior government officials and entrepreneurs from Russia, France, Mexico and Zimbabwe. , and Switzerland, he revealed.

A 100% paperless smart entity, the Dubai Chamber of Commerce processed 61,145 electronic transactions in April 2022, marking a growth rate of 9.5%, demonstrating Dubai’s growing appeal as a global digital capital and destination for foreground for business and finance.

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About Dubai Chamber of Commerce:

Founded in 1965, the Dubai Chamber of Commerce continues to represent, support and protect the interests of the business community in Dubai, create a stimulating business environment and promote the emirate as a global business hub. The Chamber is one of three chambers operating under the umbrella of Dubai Chambers, which was restructured under a decree issued by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and ruler of Dubai.

www.dubachambers.com

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