73.5 billion dirhams in exports from members of the Dubai Chamber of Commerce in the first quarter
DUBAI, 15th May / WAM / The value of exports and re-exports of members of the Dubai Chamber of Commerce – one of the three chambers operating under the umbrella of Dubai Chambers – during the first quarter of the current year amounted to 73.5 billion dirhams, a growth of 4.5 percent compared to the same period last year.
According to a statement issued today, the Chamber witnessed a growth in the number of its exporting members by 7.3 percent, from 8,848 exporting companies in the first quarter of 2023 to 9,496 exporting companies in the first quarter of 2024.
The Dubai Chamber of Commerce recorded 19,056 new companies joining its membership during the first quarter of this year, with a growth rate of 17.6 percent compared to the same period last year, which reflects the emirate’s increasing ability to attract investments and companies and enhance the competitiveness of the business-attractive environment.
During this period, the Dubai Chamber of Commerce issued 191,13 certificates of origin, with a growth rate of about 7 percent compared to the same period last year, while it also issued and received 1,416 temporary entry books with a value of about 804.9 million dirhams.
His Excellency Abdul Aziz Abdullah Al Ghurair, Chairman of the Board of Directors of Dubai Chambers, said that the strong performance recorded during the first quarter of this year confirms that the Dubai Chamber of Commerce is moving steadily towards achieving the goals of the Dubai Economic Agenda “D33”, which focuses on stimulating the growth of foreign trade and foreign investment flows. Direct efforts to double the size of Dubai’s economy over the next decade, and to consolidate the emirate’s position among the top three economic cities around the world.
He said that the Dubai Chamber of Commerce continues to work within the framework of its strategic priorities to improve the business-friendly environment and attract international companies and investments, in conjunction with leading the expansion of companies operating in the emirate in foreign markets and developing the digital economy, in addition to enhancing the efficiency of the legislative and regulatory system.
The Dubai Chamber of Commerce, through the Business Community Interest Support Sector, reviewed 33 laws and draft laws in cooperation with business groups during the first quarter of this year, with an approval rate of 45 percent, while 24 meetings were held with business groups and councils.. The Chamber was established during the first quarter. 4 new business councils representing the nationalities of investors.
During the first quarter, the Chamber organized its first quarterly meeting of 2024 with business groups and councils, during which ways to enhance the private sector’s contribution to efforts aimed at improving the environment conducive to investment in Dubai were discussed.
The Chamber also received 33 mediation cases during the first quarter of this year, compared to 18 mediation cases it received during the same period last year, with a growth rate of 83.3 percent. 84 percent of the mediation cases received in the first quarter of the year were successfully settled. Currently, the total value of mediation cases reached 2.6 million dirhams.
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