emirates7 - Dubai Chamber of Commerce, one of the three chambers under Dubai Chambers, has shared its achievements for the first nine months of 2024, highlighting its success in improving Dubai's business environment, fostering economic growth, and contributing to the Dubai Economic Agenda (D33).
In the first three quarters of 2024, the chamber welcomed 51,561 new members, marking a 4% year-on-year (YoY) increase compared to the same period in 2023, reflecting Dubai's growing appeal to regional and global investors.
The total value of members' exports and re-exports during this period reached AED 224 billion, showing a 7% YoY growth. The chamber also issued 578,268 certificates of origin, which represented a 7% YoY increase, and handled 3,259 ATA Carnets for goods worth over AED 2 billion.
Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented that Dubai is strengthening its position as a global hub for trade and investment, driven by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai. He emphasized the chamber's commitment to supporting sustainable economic development, fostering business growth, attracting foreign investment, and creating opportunities for companies to expand locally and internationally.
Throughout the year, the chamber worked with Business Groups to review 154 laws and draft laws, leading to a 46% adoption rate for their recommendations. Additionally, 146 meetings were held with Business Groups and Councils, including Annual General Meetings, and 69 meetings between these groups and government entities were facilitated. Seven new Business Councils were established to represent the interests of investors from countries including Costa Rica, Greece, Poland, Mexico, Colombia, Kazakhstan, and Georgia.
The chamber also saw a 27% increase in mediation cases, with 131 cases received in 2024 compared to 103 the previous year. To ensure businesses remain informed on legal matters, Dubai Chamber of Commerce organized 27 legal events attended by 2,111 representatives from various industries, promoting compliance with regulations and best practices.
In the first three quarters of 2024, the chamber welcomed 51,561 new members, marking a 4% year-on-year (YoY) increase compared to the same period in 2023, reflecting Dubai's growing appeal to regional and global investors.
The total value of members' exports and re-exports during this period reached AED 224 billion, showing a 7% YoY growth. The chamber also issued 578,268 certificates of origin, which represented a 7% YoY increase, and handled 3,259 ATA Carnets for goods worth over AED 2 billion.
Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented that Dubai is strengthening its position as a global hub for trade and investment, driven by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai. He emphasized the chamber's commitment to supporting sustainable economic development, fostering business growth, attracting foreign investment, and creating opportunities for companies to expand locally and internationally.
Throughout the year, the chamber worked with Business Groups to review 154 laws and draft laws, leading to a 46% adoption rate for their recommendations. Additionally, 146 meetings were held with Business Groups and Councils, including Annual General Meetings, and 69 meetings between these groups and government entities were facilitated. Seven new Business Councils were established to represent the interests of investors from countries including Costa Rica, Greece, Poland, Mexico, Colombia, Kazakhstan, and Georgia.
The chamber also saw a 27% increase in mediation cases, with 131 cases received in 2024 compared to 103 the previous year. To ensure businesses remain informed on legal matters, Dubai Chamber of Commerce organized 27 legal events attended by 2,111 representatives from various industries, promoting compliance with regulations and best practices.