The Dubai Chamber of Commerce experienced record growth in new membership in the first half of 2022, with over 21,000 companies joining the Chamber during the period, bringing the total membership to over 308,000.
H.E. Hamad Buamim, President & CEO of Dubai Chambers, said the latest performance figures reflect the positive impact of new Chamber-led initiatives and plan to improve ease of doing business, boost Dubai’s foreign trade and support local businesses with global expansion – all of which align with Dubai Chambers’ 2022-2024 strategy.
He noted that the Chamber’s integral role as Expo 2020 Dubai’s Official Business Integration Partner gave a major boost to performance in the first three months of this year, as it organised a record number of events, initiatives and activities and established new bridges of cooperation between businesses communities in Dubai and abroad. He also revealed that Dubai Chambers achieved an Emiratisation rate of 59% as of the end of June 2022.
Between January and June 2022, the Chamber experienced a 80% year-over-year (y-o-y) increase in new members as it expanded its role to support the Dubai business community and attract companies in target markets in accordance with the new Dubai Chambers structure and 2022-2024 strategy.
The Chamber issued and received 2,326 ATA Carnets in H1-2022, representing a 32% year-on-year increase, with the total value of ATA Carnets reaching AED 1.18 billion. Over the same time period, the number of e-transactions increased by 10% to over 378,000.
“Following our record performance in the first half, we expect the positive momentum to continue and project new membership and total membership to reach 40,000 and 330,000 companies, respectively. These are ambitious yet achievable targets considering that Dubai Chambers and the three chambers operating under its structure are rolling out several major initiatives in the coming six months that are designed to support the growth of the business community in Dubai and attract global companies to the emirate,” H.E. Hamad Buamim added.