70,000 firms join Dubai Chamber, over 6,000 from Pakistan

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MG News | January 23, 2025 at 10:55 AM GMT+05:00

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January 23, 2025 (MLN): The number of new companies joining the Dubai Chamber of Commerce reached 70,000 in 2024, according to new data, with more than 8% of them coming from Pakistan.

Dubai Chamber of Commerce, one of the three chambers under the umbrella of Dubai Chambers, has highlighted several key milestones achieved in 2024.

By the end of last year, the total number of active members reached 258,318, reflecting annual growth of 18% compared to 2023, according to the press release.

A total of 70,500 new companies joined the chamber’s membership by the end of the year, representing growth of 3% compared to 2023.

This highlights Dubai’s growing significance as a destination of choice among businesses and investors.

The value of exports and re-exports by chamber members exceeded AED 300 billion for the first time since the chamber's establishment, achieving annual growth of 9.2% to reach AED 309.6bn.

During the same period, the chamber issued 791,115 Certificates of Origin, reflecting annual growth of 8%.

The chamber also issued and received 5,357 ATA Carnets for goods and commodities with a total value of AED 4.3bn.

His Excellency Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented, 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.

It remains an ideal platform for growth and expansion across all sectors.

The emirate is consistently enhancing its integrated, business-friendly environment.

His Excellency added, building on the strong partnership between the public and private sectors, the chamber continues to play a pivotal role in supporting economic growth and advancing the interests of the business community.

He further emphasized that the chamber is creating promising opportunities for Dubai-based companies and investors in both local and global markets.

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