Dubai International Chamber attracts 157 diverse companies in 9 months

Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, strengthened its efforts during the first nine months of this year, by supporting the expansion of local companies in promising international markets and attracting foreign direct investments, which contributes to achieving the goals of the Dubai Economic Agenda “D33”. ».

The Chamber reported, in a statement yesterday, that it attracted 157 diverse multinational, small and medium-sized companies during the first nine months of 2024, compared to 93 companies that were attracted in the same period last year, with a growth of 68.8%, which reflects the importance of Dubai. A vital investment center on the global scene.

The list of companies that the Chamber attracted, from the beginning of this year until the end of last September, included 39 multinational companies, compared to 18 companies in the same period in 2023, with a growth of about 117%. The Chamber also attracted 118 small and medium companies, with a percentage of An increase of 57%, compared to 75 companies that were attracted during the first nine months of last year.

Dubai International Chamber, through its external offices and various programs and initiatives, succeeded in supporting the expansion of 75 local companies into new global markets during the first nine months of 2024, which represents an annual increase of 241% compared to the 22 companies whose expansion was supported in the same period last year. The Chamber contributed to enabling the expansion of companies through direct export to target markets or establishing a direct presence there.

Chairman of the Board of Directors of Dubai International Chamber, Sultan Ahmed bin Sulayem, said: “These distinguished results confirm Dubai International Chamber’s commitment to supporting the objectives of the Dubai Economic Agenda (D33), by consolidating the emirate’s position as an attractive destination for foreign direct investment and a global center for opportunities and growth.”

He added: “The network of external offices affiliated with the Chamber contributes to introducing the lucrative opportunities that the emirate provides to companies and the global business community, and to benefiting from the emirate’s competitive elements as a gateway for companies to reach promising markets. These offices also play an important role in enhancing the access of the emirate’s companies to markets.” Global».

Within the framework of the “New Horizons for External Expansion” initiative, which gives Dubai companies the opportunity to join trade missions organized by the Dubai International Chamber to carefully selected foreign markets, the Chamber organized during the first nine months of 2024 two trade missions to Southeast Asia and West Africa, during which… Organizing more than 830 bilateral business meetings between participating companies and their counterparts in those markets, with the aim of exploring investment opportunities and joint economic partnerships.

As part of the activities of the trade mission to Southeast Asia, 200 bilateral business meetings were organized for Dubai companies with their counterparts in Indonesia, which was the first stop of the mission, while the Chamber held 180 bilateral business meetings between companies from Dubai and Vietnam within the second destination of the mission.

The activities of the trade mission to Africa included both Senegal and Morocco, during which more than 150 bilateral business meetings were organized between companies from Dubai and their counterparts in the Senegalese capital, Dakar. It also witnessed the signing of a memorandum of understanding by Dubai Chambers with the Dakar Chamber of Commerce, Industry and Agriculture, with the aim of enhancing joint cooperation.

In Morocco, more than 300 bilateral meetings were organized in Casablanca between companies from Dubai and their counterparts from the Kingdom of Morocco to discuss the opportunity for business development and economic partnerships. The mission’s activities witnessed the Dubai Chambers signing four memorandums of understanding to enhance cooperation and partnerships with both the Moroccan Agency for the Development of Investments and Exports and the Union. General Entrepreneurship of Morocco, the Chamber of Commerce, Industry and Services of Casablanca-Settat, and the Chamber of Commerce, Industry and Services of the Rabat-Salé-Kenitra region.

. The Chamber attracted 118 small and medium companies, an increase of 57%.

. 75 local companies were supported by the Chamber to expand into new foreign markets, with a growth of 241%.