In a clear translation of the impact of the establishment of Dubai Chambers and restructuring on efforts to promote foreign trade and attract investment, the Dubai Chamber of Commerce, one of the three chambers under the Dubai Chambers umbrella, has noted remarkable growth rates in its operational activities disclosed. during April 2022, compared to the same period last year. It recorded a growth in the number of new members, and its members’ exports and re-exports by 55.4% and 16.7% respectively, indicating a remarkable and sustainable growth in the economic activity of the Emirate of Dubai, and the Chamber’s efforts to grow stimulate and support the business environment.
The Dubai Chamber of Commerce pointed out that the number of new members joining the Chamber last April was 3,056 new members, a growth rate of 55.4% compared to April 2021, when their number reached 1967 new members , bringing the total number of members of the Chamber to more than 300 thousand. company, and consolidates the Chamber’s position, as one of the largest organic chambers of commerce in the region and the world.
The Dubai Chamber of Commerce revealed that the value of exports and re-exports of members in April 2022 amounted to 20.2 billion dirhams, with a growth rate of 16.7% compared to its value in April 2021, which at that time was 17.3 billion dirhams. , while the number of certificates of origin issued by the Chamber in April this year was 57,704 certificates, an increase of 8.2% compared to April 2021.
The growth rates in member exports and certificates of origin indicate the sustainable growth observed by the Chamber’s operations, and its positive reflection on the economic landscape of the Dubai Emirate, and on the capacity of the local business community and its active role in the wake of the economic recovery phase in it, in addition to the impact of the Dubai Chamber restructuring on economic activity in the Emirates. .
Stimulating business The chairman of the board of directors of Dubai Chambers, Abdulaziz Al Ghurair, emphasized that last April’s statistics reflect the efforts of Dubai Chambers to stimulate the business environment and improve its competitiveness, by the Chambers as a strategic and consider effective partner to achieve it. the objectives of comprehensive economic development in the emirate, in line with the guidelines and vision of the leadership in this field.
He stressed that the growth indicators reflect this confidence that Dubai enjoys among the regional and global business communities, and its crucial role in leading the economic recovery process in the post-Covid 19 pandemic, in addition to the impact of unifying efforts among the umbrella from Dubai Chambers, which has played a key role in promoting competitive business environment.
Al Ghurair explained that Dubai’s position and its global commercial presence as a hub connecting economic decision – makers, investors and experts reflects the leading role that the Emirate of Dubai plays in providing the appropriate trade and investment climate that drives business growth and – stimulate development, as the Dubai Chamber of Commerce seeks to promote the Emirate of Dubai as a commercial, economic and digital destination.
He continued, “With exports and re-exports of members achieving a total growth of 12.6% during the first four months of this year (January-April 2022), and a value of 81.3 billion dirhams compared to the same period in 2021, these figures show the exceptional efforts of Dubai Chambers in achieving the leadership’s vision and objectives of the Dubai Foreign Trade Plan announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to increase Dubai’s trade to two billion dirhams by 2026.
Al Ghurair highlighted the role of the Chamber’s representative external offices in linking global trade markets and consolidating Dubai’s position in the development of the global trading system. The Chamber’s external offices held more than 140 meetings last April with the most prominent investors in Africa, Latin America, Azerbaijan, India and China In addition to virtual meetings involving high-level government officials and entrepreneurs from Russia, France, Mexico, Zimbabwe and Switzerland, to attract investors and investors to the Emirate of Dubai, and the competitiveness of Dubai’s traders in foreign markets.
• Smart paperless room
The Dubai Chamber of Commerce, considered a 100% paperless smart room, saw a remarkable growth in the number of electronic transactions, which reached 61,145 electronic transactions last April, with a growth rate of 9.5%, which confirms the growing attractiveness of Dubai. , a global digital capital, and a leading destination in the world of business and finance.
One billion dirhams’ exports and re-exports of members during the period from January to April 2022.
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