Dubai Chamber of Commerce attracts over 34,000 firms in 6 months

The Dubai Chamber of Commerce has reported a robust increase in new memberships during the first half of 2024.

A total of 34,075 companies joined, marking a notable 5 per cent year-over-year growth. This surge underscores Dubai's thriving business climate and its strong competitiveness in attracting foreign direct investment.

During the six-month period, member exports and re-exports soared to AED 145.9 billion, reflecting a 6.7 per cent increase compared to the previous year.

Additionally, the issuance of certificates of origin reached 372,720, up by around 5.2 per cent year-on-year, while Dubai Chamber facilitated 2,433 ATA Carnets valued at approximately AED 1.6 billion.

.@DxbChamberComm's results during the first half of 2024 reflect the emirate's growing position as a global capital for business, trade, and investment.

New Memberships
- 34K companies
- 5% YoY growth

Members' Exports & Re-exports
- AED 145.9 billion
- 6.7% YoY growth… pic.twitter.com/qu8Oz0ygzl

— Dubai Media Office (@DXBMediaOffice) July 23, 2024

Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, emphasised that the growing number of new members and increased trade activity are outcomes of strategic initiatives aimed at enhancing Dubai's business ecosystem, fostering public-private partnerships, and supporting international growth for Dubai-based companies.

In collaboration with Business Groups and Business Councils, Dubai Chamber of Commerce reviewed 122 laws and draft laws during the first half of 2024, with recommendations achieving a commendable adoption rate of 54.9 per cent.

The chamber also held 100 meetings with Business Groups and Councils, and facilitated 29 sessions between these groups and relevant government entities.

In addition, the chamber established six new Business Councils representing the interests of investors and stakeholders from Costa Rica, Greece, Poland, Mexico, Colombia and Kazakhstan.

It also hosted two quarterly roundtable meetings for Business Groups and Business Councils, showcasing its ongoing efforts to support sustainable growth and success within Dubai's business environment.