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.
Words by Farimah Moeini, Snapchat Head of Industry – Retail and Travel TheJuly 5, 2021 | By RetailME Bureau
Snapchat has been betting big on Augmented Reality’s (AR) retail future consideringJune 22, 2021 | By Jibran Chouguley
Union Coop, a consumer cooperative in the UAE, revealed that 78% of
Union Coop has opened its 23rd branch within the UAE in Jumeirah
Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and
UAE-based Al Maya Group announced that it will be boosting import of
UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
On this episode of Up-To-Data, Halima Jumani of Kibsons International explains all
Saudi-based BinDawood Holding Company, one of the leading grocery retailers in the
The Ministry of Human Resources and Social Development in Saudi Arabia has
Alternative shopping options like ‘Click & Collect’, curbside pickup (46%), and contactless
Extravagant, conceptual, great food and views are some of the ways that
Abu Dhabi’s state investment company ADQ is in talks to invest about $500 million
Saudi home furnishing brand, aura Living, opened its newest store at The
The once powerful department stores that anchored malls and streets around the
Who isn’t a sucker for discounts? Customers today are spoiled for choice
The various e-commerce and virtual retail stores that cater to different product
A private helicopter carrying the chairman and managing director of Lulu Group,
Tighter restrictions on hotels, restaurants, shopping malls and entertainment venues on account of