Dubai Chamber of Commerce announced impressive achievements for 2024, with active membership reaching 258,318 by the end of the year. This marks an annual growth of 18 percent compared to 2023. Additionally, the chamber welcomed 70,500 new companies into its membership, reflecting a 3 percent increase, underscoring Dubai’s appeal as a prime location for businesses and investors.

The value of exports and re-exports from chamber members surpassed AED 300 billion for the first time in the chamber’s history, reaching AED 309.6 billion. This achievement represents an annual growth rate of 9.2 percent. Furthermore, the chamber issued 791,115 Certificates of Origin, marking an 8 percent increase from the previous year, and processed 5,357 ATA Carnets for goods valued at AED 4.3 billion.

Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, emphasized that Dubai’s growth is driven by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai. He noted that Dubai is solidifying its status as a global business hub, enhancing a business-friendly environment that promotes growth and expansion across sectors. Al Ghurair also highlighted the vital role of the chamber in supporting economic development and fostering opportunities for local and international businesses.

Throughout 2024, Dubai Chamber collaborated with Business Groups to review 107 laws and proposed changes, achieving a 58 percent adoption rate of its recommendations. The chamber conducted 177 meetings, including Annual General Meetings, and facilitated 27 sessions between Business Groups and relevant government entities to enhance collaboration.

In addition, the chamber established nine new Business Councils in 2024, representing investors from countries like Greece, Poland, Mexico, and Vietnam. The mediation services of the chamber also grew, with 171 cases handled during the year, a 21.3 percent increase from the previous year, and an impressive 88 percent of these cases successfully settled.

To promote legal compliance, Dubai Chamber organized 38 legal awareness workshops attended by 2,698 representatives from various private sector companies. These sessions were designed to help businesses adhere to regulations and adopt best practices in their operations.

The Dubai Centre for Family Businesses, part of Dubai Chambers, conducted four training programs with 90 participants and held five sessions in its Governance Series, drawing in 226 attendees. The centre also released four informative toolkits on family business topics and celebrated the graduation of its inaugural Dubai Family Business Management Programme cohort.

In a move to advance corporate sustainability, Dubai Chamber launched a new ESG (Environmental, Social, and Governance) label to enhance sustainability standards among businesses. This initiative, developed by the chamber’s Centre for Responsible Business, aims to help companies evaluate their ESG readiness and recognize their achievements. A total of 27 companies received the ESG label in 2024.

Lastly, the 2024 Sustainability Week organized by the Centre for Responsible Business attracted 526 participants and featured discussions on how digitalization and artificial intelligence can contribute to sustainable business practices.