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Exports and re-exports by members of the Dubai Chamber reached AED71.7 billion (US$19.52 billion) in the first quarter of 2023, some 17.3 percent higher than the AED61.1 billion in the first quarter of 2022.
This positive growth reflects the Chamber’s ongoing efforts to support its members and their business activities in global markets through its network of international offices, comprehensive events calendar and economic research of business opportunities.
In addition, in the first quarter of 2023, a total of 15,366 new member companies registered with the Chamber of Commerce. This was a record 48.7% increase compared to the same period last year, underscoring the emirate’s strong appeal to investors and the competitiveness of its business environment.
Certificate of Origin
In the first quarter of 2023, the Chamber of Commerce issued 182,266 certificates of origin, a year-on-year increase of about 2%. In addition, 1,527 ATA Carnets worth AED 1.1 billion were issued and received in the first quarter of 2023.
In the first quarter of this year, the Dubai Chamber also achieved its goal of establishing more than 100 business groups representing various industries and economic activities in the emirate. These groups seek to strengthen the private sector’s contribution to the drafting of policies and legislation relevant to the local business environment. There are currently 105 business groups, reflecting the high level of representation of the private sector, the flexibility of the emirate’s economy and the prominent role played by the private sector in supporting sustainable growth.
Abdul Aziz Al Ghurair, Chairman of the Dubai Chamber, commented: “Our main focus at the Dubai Chamber is to achieve the strategic priorities we have set out for the period 2022-2024. Shaping the future requires a concerted effort and a unified vision to achieve the goals required for the coming phases .”
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chamber, said: “Dubai Chamber remains committed to supporting the private sector and enhancing its competitiveness in order to realize the vision of our wise leadership and Strengthen partnerships between the public and private sectors.”
32 laws and draft laws
In the first three months of this year, the chamber reviewed more than 32 laws and draft laws as part of its efforts to protect the interests of the business community and accepted 18 mediation cases.
Al Ghurair underscored the Dubai Chamber’s strong commitment to achieving its strategic goals, which include improving the emirate’s business environment, enhancing the effectiveness of advocacy, supporting members to expand their businesses globally, attracting foreign businesses and investment into Dubai, developing the digital economy, and maintaining Excellence for institutions and clients. He also stressed the importance of enhancing the competitiveness of Dubai’s economy in line with the vision of the emirate’s wise leadership.
new measures
Lootah also revealed that many new initiatives will be launched this year, aimed at bringing added value to the emirate’s business community in line with the Chamber’s strategic priorities.
The Dubai Chamber has also launched the Business Sector Platform. The new platform offers an innovative package of premium services, specially designed to meet the needs of business groups and business councils, enabling them to operate efficiently and achieve their goals.
The Dubai Chamber is committed to supporting business activities in Dubai. The Chamber plays a vital role in representing, supporting and protecting the interests of Dubai businesses, while exploring new ways to meet the changing needs of Dubai’s dynamic and fast-growing business community. — trade arab news agency
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