Dubai Chamber adds 8,900 new members in H1-2017


July 24, 2017 | By RetailME Bureau

The Dubai Chamber of Commerce and Industry says a total of 8,900 companies enrolled as members within the first six months of 2017, while it saw its new membership increase by 10.9% year on year.

Dubai Chamber members’ exports and re-exports grew by 6.1% during the first half of 2017 to AED 146.7 billion, compared to AED 138.3 billion in the same period of last year. The Chamber’s total membership reached 210,000 by the end of H1-2017, making it one of the world’s largest membership-based chambers of commerce.

Saudi Arabia was the top export and re-export market for Dubai Chamber members with a value of AED 51.9 billion. This figure reflects an18% growth rate compared to the same period last year (AED 44 billion).

The Chamber issued 465,680 certificates between January and June of this year at a rate of more than 2,500 certificates per day, and issued 69 ATA Carnets for goods worth AED 24.6 million, in addition to other value-added services designed to facilitate international trade and improve ease of doing business in Dubai.

Hamad Buamim, president and CEO of Dubai Chamber, highlighted Dubai’s rapid progress on implementing its economic diversification plans, and noted that the new figures from the Chamber confirms the crucial contribution of the emirate’s trade sector to this strategy.

Buamim says the growth in member exports came despite challenging global economic conditions, and adds that Dubai-based companies have taken a pro-active approach to exploring trade and investment opportunities in promising markets around the world.

“Trade relations between Dubai and Saudi Arabia continue to flourish and develop, and this is clearly reflected in the 18% growth in member exports and re-exports to the kingdom in the first half of the year,” he says.

Buamim attributes the strong growth in new members at the Chamber as a result of increased cooperation between Dubai’s public and private sectors, which have formed important partnerships that have attracted foreign companies to Dubai and created a favourable business environment in the emirate.

During the first six months of 2017, Dubai Chamber heavily promoted Dubai as a leading trade and investment hub by participating in 56 outbound missions and activities across 38 cities in 33 countries, including Argentina, Brazil, India, Belgium, Germany, Ethiopia, Ghana, China, the United Kingdom, Uruguay, the Netherlands, and Zambia, among others.

The Chamber received 350 delegations from 34 countries, marking a 14% increase in the number of visiting delegations compared to the same period last year. The delegations included more than 849 government officials and businessmen, while the Chamber’s international offices held 243 meetings with foreign companies that are keen to explore business prospects in Dubai.

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


Rajiv Warrier, Chief Executive Officer, Choithrams

Since the launch of its first store in the UAE five decades 

Continue Reading

March 20, 2024 | By RetailME Bureau
Dr. Dhananjay Datar Chairman & Managing Director ADIL Trading Co. LLC

Dr. Dhananjay Datar Chairman & Managing Director ADIL Trading Co. LLC holds 

Continue Reading

February 29, 2024 | By Rupkatha B
Hani Weiss, Chief Executive Officer, Majid Al Futtaim Retail

In 1995 regional retail conglomerate Majid Al Futtaim introduced Carrefour to the 

Continue Reading

February 26, 2024 | By RetailME Bureau
Prashant Parameswaran, Managing Director and Chief Executive Officer of Tata Consumer Soulfull

Tata Soulfull, a leading name in the ‘good-for-you’ snacks and breakfast cereals 

Continue Reading

February 22, 2024 | By Rupkatha B
Jean-Luc Graziato, Chief Commercial Officer of Majid Al Futtaim – Retail and Alia Al Harmoodi, Acting CEO of the Environment, Health and Safety Agency

Majid Al Futtaim – Retail, which holds the exclusive franchise to operate 

Continue Reading

February 20, 2024 | By RetailME Bureau
Krishna Dhanak, Managing Director, Alpen Capital

In an exclusive interview Krishna Dhanak, Managing Director, Alpen Capital shared insights 

Continue Reading

February 19, 2024 | By Rupkatha B
Majed M. Al-Tahan, Co-founder & Managing Director, Danube Online

As digital transformation across the retail industry continues to accelerate, the expectations 

Continue Reading

December 19, 2023 | By RetailME Bureau
Frederic Levy-Perrault, CEO, Al Raya Supermarket

Saudi Arabia-based grocery retail chain Al Raya Supermarket serves over 100,000 customers 

Continue Reading

December 15, 2023 | By RetailME Bureau
Ahmad AR. BinDawood, Chief Executive Officer, BinDawood Holding

BinDawood Holding has a rich Saudi heritage, spanning over 50 years, 38 

Continue Reading

December 13, 2023 | By RetailME Bureau
Majid Al Futtaim Retail commits to Collaborative Impact Goals at COP28

Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour 

Continue Reading

December 8, 2023 | By Rupkatha B
BinDawood Holding Company earns Honorary Shield for Compliance Excellence

BinDawood Holding Company has earned an Honorary Shield, a distinguished recognition by 

Continue Reading

December 6, 2023 | By RetailME Bureau
First Movers Coalition for Food to create up to $20-bn value chain for sustainable farming

The World Economic Forum, with support from the Government of the United 

Continue Reading

December 5, 2023 | By RetailME Bureau




Download Images RetailME Magazine