Over 34,000 firms become DCC members

Dubai Chamber of Commerce (DCC), one of the three chambers operating under the umbrella of Dubai Chambers, has announced that 34,075 new companies joined as members of Dubai Chamber of Commerce (DCC) during H1, 2024, representing year-over-year (YoY) growth of 5 per cent.

The figures reflect the dynamism of Dubai’s business environment and the emirate’s high levels of competitiveness in attracting foreign direct investment (FDI).

The value of members’ exports and re-exports during H1 of 2024 amounted to Dhs145.9 billion, representing a YoY growth of 6.7 per cent. A total of 372,720 certificates of origin were issued during the six-month period, representing YoY growth of around 5.2 per cent. In addition, 2,433 ATA Carnets were issued and received, with a combined value of around Dhs1.6 billion.

Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented, “The vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, guides all of our efforts. The increasing number of new members joining the chamber and the growing exports and re-exports of members are the result of our various initiatives aimed at achieving our strategic priorities of enhancing Dubai’s favourable business environment, strengthening partnerships between the public and private sectors, attracting foreign direct investments, and supporting the international expansion of Dubai-based companies.”

Dubai Chamber of Commerce reviewed 122 laws and draft laws in cooperation with Business Groups during H1 2024. The resulting recommendations achieved an adoption rate of 54.9 per cent. A total of 100 meetings were held with Business Groups and Business Councils.

The chamber also facilitated around 29 meetings between the business groups and councils with the relevant government entities.