JobXDubai

Dubai’s Chamber of Commerce has recorded a remarkable 17.6% increase in membership during the first quarter of 2024, with over 19,000 new companies joining the organization. This significant growth underscores Dubai’s thriving business environment, attracting companies and investors worldwide.

According to Abdulla Al Ghurair, Chairman of Dubai Chambers, “The strong performance during the first quarter indicates that the Dubai Chamber of Commerce is steadily moving towards achieving the goals of the Dubai Economic Agenda (D33).”

Total exports and re-exports by members also saw a 4.5% increase to AED73.5 billion during the same period. The chamber issued 191,013 certificates of origin, a 7% year-on-year increase, and successfully resolved 84% of 33 mediation cases, valued at AED2.6 million.

To support the business community, Dubai Chamber reviewed 33 laws and draft laws with Business Groups, achieving a 45% adoption rate of their recommendations. The chamber also held 24 meetings with these groups and established four new country-specific business councils.

“Guided by the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, we are continuing to represent the private sector, support its interests, and enhance its global competitiveness,” Al Ghurair added.

The growth reflects the chamber’s commitment to advancing Dubai’s economic goals, as outlined in the Dubai Economic Agenda, to double GDP over the next decade.