The Dubai Chamber of Commerce reflects a successful first half of 2023, which boasted strong growth in the number of member companies and an increased value of exports and re-exports of these members.
Dubai Chamber of Commerce revealed data showing that the number of new member companies increased by 43 per cent between January and June 2023. This growth saw it reach a total of 30,146 member companies – up from 21,098 companies in the first half of 2022.
Meanwhile, the total value of exports and re-exports of member companies also increased by seven per cent during the first half of 2023; reaching AED 137.6billion – up from AED 129.4billion in the same period the previous year.
The non-profit public entity explained that these results highlight the increasing competitiveness of Dubai’s business community. The chamber ultimately aims to support the region’s economic aspirations and realise the objectives of the Dubai Economic Agenda (D33).
This growth also underlines Dubai’s attractiveness among both companies and investors, as well as the emirate’s growing reputation as a global destination for business.
H1 2023 also saw the launch of the Dubai Centre for Family Businesses, which aims to ensure the growth and sustainability of family businesses in Dubai.
“Dubai’s engine of economic growth”
Abdul Aziz Abdulla Al Ghurair, chairman of Dubai Chambers, said: “Our impressive results from the first half of this year confirm the success of our unique business model, which is based on three specialised chambers operating under the umbrella of Dubai Chambers.
“As Dubai’s engine of economic growth, our strategic priorities are aligned with the goals of the Dubai Economic Agenda, which seeks to further enhance the emirate’s position as a leading global centre for business, trade, and investment.
“The significant increase in our new members reflects the chamber’s commitment to attracting investments, while the growth in the value of our members’ exports and re-exports underlines the impact of our support for Dubai-based companies seeking to expand into international markets in line with Dubai’s drive to boost the value of non-oil foreign trade to AED 2trillion by 2026.
“We will continue to focus on building an agile and resilient economy based on diversification and innovation that fulfils the vision of Dubai’s wise leadership.”
May 2023 also saw the Dubai Chambers co-host ‘Road to COP28: Driving Collective Climate Action in the UAE‘. The event targeted the private sector and aimed to drive engagement and enable participants to gain a deeper understanding of the COP28 agenda.
Organised in cooperation with the UN Climate Change High-Level Champions, the sustainability event attracted around 700 attendees.
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