Dubai Chamber adds 27,800 new member firms in 2021; Posts 66.8% growth

By Amirtha P S, Desk Reporter
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Dubai Chamber
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In 2021, the Dubai Chamber of Commerce witnessed over 27,800 new member companies marking a growth of 66.8 percent compared to 2020, which brings the organization’s total membership to over 287,000.

The Chamber also continued with its digital transformation strategy last year, as it processed more than 704,400 e-transactions in 2021 and managed to fully digitize its core services by 100 percent, helping the organization to serve its members and customers remotely.

By the end of 2021, the Chamber achieved its goal of becoming 100 percent paperless, representing an important milestone in its digital transformation mission.

The value of exports and re-exports of the Chamber’s members amounted to $61.8 billion, and a total of 669,922 certificates of origin were issued by the organization last year.

The chamber also issued and received 4,495 ATA Carnets worth $1.23 billion. The ATA Carnet system is managed by the Dubai Chamber of Commerce in cooperation with Dubai Customs, facilitating the temporary entry of imports to the emirate.

During 2021, Dubai Chamber reviewed 52 draft local and federal laws and ministerial decisions to ensure a favorable business environment. The organization’s Legal Services department received 200 mediation cases.

Dubai Chamber continued exploring business opportunities in promising markets globally as it received 2,983 visiting delegations and met with over 6,800 delegates from 73 countries in 2021. A total of 85 business networking events were organized, attended by 15,000 business people.

Dubai Chamber’s 11 international offices held 2,398 online meetings in 2021 and engaged with 4,052 investors who are keen to expand their businesses in the emirate.

The Chamber’s external offices organized 39 virtual events, attended by 4,280 participants from around the world, and participated in 347 other events to promote Dubai as a global business hub, identify business opportunities, and build relationships with key stakeholders in promising markets.

Mr. Abdul Aziz Al Ghurair, Chairman of Dubai Chambers, described 2021 as “an exceptional year for the business community in Dubai”. He noted that the government’s effective measures and proactive policies put the emirate on a steady path of economic growth, with the biggest uptick in business activity felt within the tourism, hospitality, trade and retail sectors.

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