According to the Dubai Chamber of Commerce, the value of member exports and re-exports in the first half of 2022 totaled Dhs129.4 billion, a 17.8 percent increase over the same period last year. In H1-2022, the number of certificates of origin issued increased 8.9 percent year on year to exceed 357,000.
Hamad Buamim, president and CEO of Dubai Chambers, described said Dubai International Chamber’s representative offices played a crucial role in supporting the growth of member exports as these offices identify high-potential trade opportunities in promising markets, in addition to Dubai Chamber of Commerce’s smart services and expanded efforts to promote Dubai as a preferred business hub in the global arena.
Buamim highlighted Dubai Chambers’ commitment to achieving the goals of the Dubai Foreign Trade Plan announced by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which aims to boost Dubai’s foreign trade to Dhs2tn by 2026, adding that newly launched initiatives such as Dubai Global are expected to fast track progress towards achieving this target.
He added that 2022 is forecast to be a record and exceptional year for member companies’ trade performance, as the three chambers operating under Dubai Chambers – Dubai Chamber of Commerce, Dubai International Chamber and Dubai Chamber of Digital Economy – align their efforts to support Dubai’s business community.
In other news, Dubai Chamber of Commerce achieved record growth in new membership in the first half of 2022, as more than 21,000 companies joined the chamber during the period, bringing total membership to over 308,000.
An 80 per cent year-over-year surge in new members was recorded between January and June, as the chamber expanded its role to support the business community in Dubai and attract companies in target markets in line with its 2022-2024 strategy.
