Over 30,000 New Companies Join Dubai Chamber of Commerce during H1 2023

Over 30,000 New Companies Join Dubai Chamber of Commerce during H1 2023

Reflects the competitiveness of Dubai and its business community

Dubai Chamber of Commerce has announced a series of significant accomplishments made during the first half of 2023, including significant growth in the number of member companies and an increase in the value of the exports and re-exports of its members.

The impressive results reflect the competitiveness of Dubai and its business community, together with the chamber’s continuing commitment to achieving its strategic priorities, supporting the emirate’s economic aspirations, and realising the objectives of the Dubai Economic Agenda (D33).

Dubai Chamber of Commerce’s data indicates that the number of new member companies increased by 43% between January and June this year to reach a total of 30,146, up from 21,098 companies in the first half of 2022.

The total value of exports and re-exports of member companies also increased by 7% during the first half of 2023 to reach US$37.6 billion, up from US$35 billion in the same period last year.

In addition, the chamber issued 357,000 certificates of origin during H1 2023.

Dubai Trade and Dubai Chamber Digitalise Certificates of Origin

A total of 2,402 ATA Carnets were issued and received for goods and commodities with a value of US$700 million during the six-month period, compared to 2,326 ATA Carnets with a value of US$32 million during H1 2023.

This represents a growth in the value of goods and commodities of more than 108%, while the number of ATA Carnets issued and received increased by 3.3%.

H.E. 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.”

Other notable achievements during the first half of 2023 included the launch of the Dubai Centre for Family Businesses under the umbrella of Dubai Chambers.

The Centre was established with the goal of ensuring the growth and sustainability of family businesses in Dubai and is tasked with developing this vital sector and enhancing its economic contribution to the emirate’s dynamic future.

Dubai Chamber of Commerce reviewed a total of 54 draft laws in cooperation with Business Groups during the first half of the year as part of its efforts to support the interests of the business community, while the number of mediation cases received reached 75.

The chamber reached a new milestone when it succeeded in establishing more than 100 Business Groups representing diverse economic sectors.

On the sustainability front, Dubai Chambers co-hosted ‘Road to COP28: Driving Collective Climate Action in the UAE’ in May, an awareness-raising event targeted towards the private sector that 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 highly successful event attracted around 700 attendees.

Ten companies were awarded the CSR Label, eight companies received the Advanced CSR Label, and 47 companies were presented with SMART CSR Labels.

Read More: Rising Dubai Customs Transactions Point to Significant Economic Growth

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