Dubai Chamber of Commerce reports 55% membership growth in April 2022

Arab News: Dubai Chamber of Commerce, a public non-profit organization, has revealed that its membership increased 55.4 percent in April 2022. 

While the value of member exports and re-exports in April 2022 amounted to 20.2 billion dirhams ($5.50 billion), an increase of 16.7 percent over the 17.3 billion dirhams recorded in April 2021.

The number of new member companies that joined the organisation in April 2022 has reached 3,056, bringing the total membership of the Chamber to 300,000 companies.

The Chamber also issued 57,704 certificates of origin in April this year, an increase of 8.2 percent over last year, according the Dubai Government Media Office. 

The latest figures reflect the Chamber’s efforts to stimulate the business environment and enhance its competitiveness, Abdulaziz Al-Ghurair, chairman of Dubai Chambers said 

“We are now in the process of developing and launching several new initiatives designed to improve ease of doing business in Dubai. These will remove trade barriers and enable businesses in Dubai to tap into a wealth of growth opportunities in promising market, while expanding our efforts to attract multinational companies and high-potential startups from abroad,” Al-Ghurair added. 

The Chamber processed 61,145 electronic transactions in April 2022, recording a growth rate of 9.5 percent. 

https://www.arabnews.com/node/2087751/business-economy

Arab News.com Contribution Time: 23-May-2022 16:54 (GMT)
Arab News.com Last Update Time: 23-May-2022 16:54 (GMT)