His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defense and Chairman of the Executive Council of the Emirate of Dubai, announced that the value of exports and re-exports of the Dubai Chamber of Commerce, for the first time, exceeded 300 billion dirhams, reaching 310 billion dirhams during the year 2024. , with a growth of 9.2% compared to 2023.
His Highness said in a blog post on his “X” account yesterday: “For the first time in the history of the Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, the value of members’ exports and re-exports exceeded 300 billion dirhams, reaching 310 billion dirhams, with a growth of 9.2%. Compared to 2023, during the past year more than 70,000 new members joined the Chamber, bringing the total number of members to more than 258,000 companies, with a growth of 18% in total members compared to 2023.”
His Highness added: “The Dubai Chamber of Commerce, with its ancient history, dating back to 1965, is capable of pushing future growth in the emirate to new horizons, and we are determined to provide the best business environment in the world to ensure greater successes for Dubai’s partners.”
In addition, the Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, achieved remarkable performance during the year 2024, as the total number of active members of the Chamber, by the end of last year, reached more than 258 thousand, with a growth of 18% compared to 2023, while it joined 70,500 new companies joined the Chamber’s membership by the end of last year, a growth of 3% compared to 2023, which reflects the growing importance that Dubai enjoys. A preferred investment destination for businesses.
The Dubai Chamber of Commerce succeeded in raising the total number of active companies registered in its membership from 218,783 companies in 2023, to 258,318 companies by the end of 2024, with an annual growth rate of 18%.
During the past year, the value of exports and re-exports of the Chamber’s members exceeded the barrier of 300 billion dirhams, for the first time since the founding of the Chamber, as it reached 309.6 billion dirhams last year, achieving an annual growth of 9.2%.
During the year 2024, the Dubai Chamber of Commerce issued 791,115 certificates of origin, with an annual growth rate of 8%. The Chamber issued and the country received 5,357 temporary entry books for goods with a total value exceeding 4.3 billion dirhams.
Chairman of the Board of Directors of Dubai Chambers, Abdulaziz Abdullah Al Ghurair, said: “In light of the wise vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, Dubai’s leading position in the world is highlighted as a major business center and an ideal platform for growth.” And expansion in all economic sectors, and the emirate continues to improve the integrated environment that supports the business community.” He added: “Based on the close partnership between the public and private sectors, we continue to work to enhance the growth of the national economy, and stimulate sustainable growth of the private sector by caring for the interests of the business community and building promising opportunities for investors and companies in the emirate in local and global markets.”
During the year 2024, the Dubai Chamber of Commerce, in cooperation with business groups, reviewed 107 laws and draft laws with a rate of adoption of private sector recommendations amounting to 58%, while 177 meetings were held with business groups and councils, including the annual general meetings of the groups and councils, while the Chamber coordinated the organization of 27 meetings. Bringing together business groups and councils with relevant government agencies and departments.
During the past year, the Chamber established nine new business councils representing the nationalities of investors from Greece, Poland, Mexico, Colombia, Kazakhstan, Georgia, Costa Rica, South Korea, and Vietnam. The Chamber also received 171 mediation cases during the year 2024, compared to 141 mediation cases it received during the same period in 2023, a growth rate of 21.3%, at a time when 88% of the total mediation cases received by the Chamber in 2024 were settled.
During the past year, the Chamber organized 38 legal awareness workshops in which 2,698 representatives of private sector companies operating in a wide range of sectors participated, with the aim of ensuring companies’ compliance with the laws and legislation regulating all areas of business, and enhancing their ability to adopt best practices.
Crown Prince of Dubai:
. The Dubai Chamber of Commerce, with its long history, is able to push future growth in the emirate to new heights.
. More than 70,000 new members joined the chamber, bringing the total to 258,000 companies, a growth of 18% compared to 2023.
Follow our latest local and sports news and the latest political and economic developments via Google news
