Over 27,800 companies joined Dubai Chamber of Commerce in 2021

Over 27,800 new member companies joined Dubai Chamber of Commerce in 2021, a 66.8 per cent increase over 2020.

There are now more than 287,000 member companies of the organisation.

Last year, the Chamber processed more than 704,400 e-transactions and became 100 per cent paperless by the end of 2021.

Over 27,800 new member companies joined Dubai Chamber of Commerce in 2021. To read more: https://t.co/2NisSDUTju pic.twitter.com/mFrk32zF6G

— Dubai Chamber (@dubaichamber) March 11, 2022

The value of exports and re-exports of Dubai Chamber of Commerce members amounted to Dhs227bn and a total of 669,922 certificates of origin were issued by the organisation last year.

Meanwhile, 4,495 ATA Carnets worth Dhs4.5bn were issued and received by the Chamber. The ATA Carnet system is managed by Dubai Chamber of Commerce in cooperation with Dubai Customs, facilitating the temporary entry of imports to Dubai.

Dubai Chamber reportedly received 2,983 visiting delegations and met with over 6,800 delegates from 73 countries in 2021. A total of 85 business networking events were organised, which were attended by 15,000 businesspeople.

The Chamber’s 11 representative offices in Africa, Eurasia and Latin America held 2,398 virtual meetings with more than 4,052 investors interested in expanding their business network and activities to Dubai.

Dubai Chamber also reviewed 52 draft local and federal laws and ministerial decisions during 2021. The organisation’s Legal Services department received 200 mediation cases, of which 175 were virtual mediation cases, while 66 cases were settled amicably.

Dubai’s non-oil foreign trade reached Dhs722bn in the first half of 2021, a 31 per cent year-over-year increase, while its exports alone surged 45 per cent.