The growth in membership is a reflection of Dubai's strength in positioning itself as a trade hub and economic competitiveness enhancer, attracting innovative companies

More than 10,000 new companies have joined the Dubai Chamber in the first quarter of 2022

PHOTO/WAM - More than 10,000 companies joined the Dubai Chamber of Commerce as members in the first quarter of 2022

Since January 2022, the Dubai Chamber of Commerce has seen a 64% year-on-year growth in membership compared to the same period in 2021, meaning more than 10,000 new companies have agreed to join.

The body's development has attracted new companies. Exports by its members increased 11.3% compared to last year, reaching a value of 61 billion dirhams (more than US$16.5 billion). Certificates of origin issued by the Chamber of Commerce also increased during the first quarter of 2022 to 178,654 certificates, a growth of 7.1% over 2021.

The role of the Chamber

Dubai Chamber president and CEO Hamad Buamim highlighted the Chamber's membership growth as a reflection of Dubai's strength as a commercial hub and economic competitiveness enhancer. He added that this growth has also been boosted and encouraged by Expo 2020 Dubai, which has had a positive economic impact on the country, as reported by the official Emirates agency WAM.

The Chamber of Commerce has reached record membership figures, with a total number of close to 300,000 companies. This makes it one of the largest trade centres in the world in terms of membership. 

These figures are evidence of the development the nation is experiencing thanks to the role of the Chamber, whose continuous efforts to attract new companies and opportunities to the market have boosted innovation and competition. As a result, its member companies have facilitated trade between Dubai and other markets in order to meet the needs of the community, while enhancing the expansion and global reach of its members.