Dubai Chamber welcomes 16,000 new companies during Jan-Aug 2021

A total of 16,000 new companies joined Dubai Chamber in the first eight months of 2021, recording a year-on-year growth of 68.5 per cent.

This brings the total membership to over 275,000. Meanwhile, the number of electronic transactions processed by the Chamber increased 7 per cent to reach 450,000 in the January-August 2021 period, compared to about 419,000 transactions in the same period last year.

The value of ATA Carnets, international customs documents that permit temporary import of duty-free and tax-free goods, issued by Dubai Chamber and received by the country, between January and August 2021, reached Dhs2.2bn, a growth of 47 per cent, official news agency WAM reported.

Nearly 16,000 new companies joined Dubai Chamber in the first eight months of 2021, bringing its total membership to over 275,000, a year-on-year growth of 68.5%. pic.twitter.com/qdg5Lqfhzw

— Dubai Chamber (@dubaichamber) September 20, 2021

Meanwhile, the number of ATA Carnets issued by the chamber and received by the country, increased 5.1 per cent over the same period, reaching 2,188 in the first eight months of 2021. The ATA Carnet system is managed by Dubai Chamber in cooperation with Dubai Customs, facilitating the temporary entry of imports to Dubai.

Hamad Buamim, president and CEO of Dubai Chamber, said the latest figures reflect improving business confidence in Dubai, economic competitiveness and the emirate’s growing appeal among investors and companies from around the world.

The UAE unveiled two sets of initiatives and programmes as part of its ‘Projects of the 50’ strategy this month. to drive the country’s economic development.

Read: Projects of the 50: UAE aims to create 75,000 private sector jobs for Emiratis

In addition, Buamim highlighted Dubai Chamber’s ongoing efforts to attract promising and innovative companies from around the world, facilitate Dubai’s trade with other markets, and meet the changing needs of the business community.