One of the three chambers operating under the Dubai Chambers umbrella, the Dubai Chamber of Commerce (DCC), has announced that 34,075 new companies joined as members during H1 2024, representing a five percent year-over-year (YoY) growth.
The data illustrates how dynamic Dubai’s business climate is and how competitive the emirate is when drawing in foreign direct investment (FDI).
“The vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, guides all of our efforts,” stated Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers. Our various initiatives aimed at achieving our strategic priorities of enhancing Dubai’s favorable business environment, strengthening partnerships between the public and private sectors, attracting foreign direct investments, and supporting the international expansion of Dubai-based companies have resulted in an increasing number of new members joining the chamber as well as an increase in members’ exports and re-exports.
In H1 2024, the Dubai Chamber of Commerce collaborated with Business Groups to review 122 laws and draft laws. A 54.9% adoption rate was attained by the following recommendations. Meetings with business councils and groups amounted to one hundred.
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