Dubai Chamber of Commerce Celebrates Milestones of 2024, Reflecting Robust Growth in Dubai’s Business Landscape
Dubai, UAE – Dubai Chamber of Commerce, part of the three chambers operating under the umbrella of Dubai Chambers, has recently announced several key milestones achieved throughout 2024. These accomplishments underline the city’s growing prominence as a global business hub and a hotspot for investors.
By the end of 2024, the total number of active members reached an impressive 258,318, marking an 18% growth over the previous year. This growth signifies Dubai’s continuous appeal as a business-friendly destination for both local and international entities.
One of the most notable achievements was the increase in membership, with 70,500 new companies joining the chamber in 2024, representing a 3% rise compared to the previous year. This surge in membership further highlights Dubai’s growing significance in global trade and investment.
Dubai Chamber also reported a significant milestone in trade as the value of exports and re-exports by its members surpassed AED 300 billion for the first time since the chamber’s inception. This figure represents a growth of 9.2%, reaching a total value of AED 309.6 billion, showcasing Dubai’s rising influence in the global market.
The chamber’s role in facilitating international trade was evident as it issued 791,115 Certificates of Origin in 2024, reflecting an 8% increase from the previous year. Moreover, it managed 5,357 ATA Carnets, documents allowing goods and commodities to be transported internationally, with a combined value of AED 4.3 billion.
His Excellency Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, emphasized the importance of these accomplishments. “Guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai is continuing to consolidate its position as a prominent global business hub and an ideal platform for growth and expansion across all sectors,” he stated.
His Excellency Al Ghurair continued, “Building on the strong partnership between the public and private sectors, the chamber is continuing to play a pivotal role in supporting economic growth, advancing the interests of the business community, and creating promising opportunities for Dubai-based companies and investors in local and global markets.”
Dubai’s thriving business environment continues to make it an attractive destination for businesses, and with the chamber’s efforts, the emirate remains firmly on its path toward even greater economic success in the coming years.
As Dubai further solidifies its role in the global economy, the Chamber of Commerce’s ongoing support and strategic initiatives will continue to pave the way for businesses to grow and thrive in an increasingly interconnected world.