Affirming its popularity with global investors, the Dubai Chamber of Commerce and Industry recorded substantial growth in its membership base in the first half of 2014.
Between January and June, a total of 8,700 new companies joined Dubai Chamber, registering a 24.3 percent increase over the same period in 2013 when 7,000 new members joined. This increased the total number of Dubai Chamber members to over 160,000 by the end of June, thus strengthening its position as one of the largest chambers of commerce in the Middle East and North Africa (MENA) region, according to a recent report on the Chamber’s half year activities.
Continuing with its global expansion in promising markets of the world, Dubai Chamber opened its third international representative office in the city of Erbil in Kurdistan, and is all set to open two new offices in Ghana and Mozambique in the near future as part of its strategy to open around 20 representative offices in key emerging markets around the world.
Hamad Buamim, President and CEO, Dubai Chamber, said that the Chamber members’ half-yearly exports and re-exports figure is a record number as it reflects the desire of foreign companies to set up base in Dubai and expand their global business activities through the emirate.
It is also an indicator of the emirate’s rising profile as a prominent international destination for trade and finance which has further fuelled the global investors’ appetite to invest in Dubai’s lucrative economic sectors which are led by trade, logistics, tourism and finance, said Buamim.
Source : WAM News Agency for United Arab Emirates
