New members surge by 69% at Dubai Chamber of Commerce

Dubai Chamber of Commerce, one of three chambers operating under Dubai Chambers, has revealed that over 27,100 companies joined as new members in the first eight months of 2022, representing a 69% year-over-year (y-o-y) increase and bringing total membership to over 314,000.

Between January and August 2022, member exports and re-exports increased by more than 20% year on year, totaling AED 177 billion.

Between January and August 2022, the Chamber issued over 476,000 Certificates of Origin, a 9.8% increase over the same period last year. The Chamber issued and received 2,674 ATA Carnets, an international customs document allowing the temporary import of goods for a period of one year with no fees or taxes, growing 22.2% year on year and accounting for a value of AED 1.33 billion.

Meanwhile, the Chamber processed over 642,000 electronic transactions, an increase of 12.7% year on year following the 100% digital transformation of Chamber core services and the organization’s success in meeting the Dubai Paperless Strategy targets.

H.E. commented on the latest performance figures. The growth, according to Abdul Aziz Al Ghurair, Chairman of Dubai Chambers, reflects the positive impact of Dubai Chambers’ specialized approach to assisting member companies with global expansion and improving the ease of doing business in Dubai. Such efforts, he explained, improved Dubai Chambers’ ability to serve the business community and identify appealing trade opportunities for member companies.

Furthermore, he expressed optimism that the positive momentum would continue as Dubai Chambers makes progress toward meeting the objectives outlined in its 2022-2024 strategy, while also launching strategic initiatives to boost economic competitiveness, attract promising businesses to Dubai, and expand the emirate’s trade ties with high-potential markets.