Sheikh Mohammed approves new board of Dubai Chambers

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has approved the new board of directors of Dubai Chambers.

The board is chaired by Abdulaziz Al Ghurair and its members include Omar Al Futtaim, Khalid Jumaa Al Majid, Rajaa Al Gurg, Omar Al Olama, Sultan bin Sulayem, Butti Saad Al Kendi, Helal Saeed Al Marri, Faisal Jumaa Belhoul, Patrick Chalhoub, Ghassan Al Kibsi, Dr. Amina Al Rustamani and Tariq Hussain Khansaheb.

The board will work to create a comprehensive unified strategy for Dubai Chambers, set priorities and objectives, propose initiatives to advance Dubai’s economic development, and ensure coordination and integration between the three chambers, official news agency WAM reported.

We approved the new structure of the 3 Dubai chambers: Dubai Chamber of Commerce, Dubai Chamber of Digital Economy, and Dubai International Chamber. A new model to lead Dubai’s economic transformation and position the city as a global business hub.

— HH Sheikh Mohammed (@HHShkMohd) June 26, 2021

The decision forms part of the restructuring of Dubai Chambers’ operations to enhance its contributions. In March, the entity was restructured into three organisations – Dubai Chamber of Commerce, Dubai Chamber of Digital Economy and Dubai Chamber of International Trade.

Juma Al Majid was named as the honorary chairman of the Dubai Chamber of Commerce and Industry while Abdulaziz Al Ghurair was appointed as its chairman. Sultan bin Sulayem was named chairman of the Dubai Chamber of International Trade and Omar Al Olama was named chairman of the Dubai Chamber of Digital Economy.

Read: Sheikh Mohammed restructures Dubai government; approves five-year foreign trade plan

We approved the board of directors of the overarching Dubai Chambers, which will oversee and coordinate the efforts of the 3 chambers under a common vision and propose mega initiatives to spearhead Dubai’s economy, ultimately creating a robust business environment.

— HH Sheikh Mohammed (@HHShkMohd) June 26, 2021

“In the light of the changes sweeping across the globe, we need to adopt new business models that enable us to raise our sustainability and attain continued success. Deploying innovative operational frameworks and developing flexible legislations will help us foster further growth and achievement in Dubai’s economy,” Sheikh Mohammed said.

“Dubai Chambers will be one of the organisations spearheading our efforts to further transform the emirate’s business environment and enhance its position as a dynamic regional and global centre for business, trade and finance,” he added.

Speaking on the Chambers’ business plan, Sheikh Mohammed noted: “The members of Dubai Chambers will be active stakeholders in executing Dubai’s international trade strategy which aims to expand our external trade to Dhs2 trillion in five years.”

The Dubai Chamber of International Trade will represent and support the interests of local companies with international presence and international companies based in Dubai. It will also support the emirate’s vision to expand to new global markets and forge new economic partnerships. The Dubai Chamber of International Trade seeks to cover 30 international markets that are considered important for Dubai through promotional projects. The Dubai Chamber of Digital Economy is tasked with launching projects and developing studies on the new future economy, as part of efforts to build the world’s best digital infrastructure and transform Dubai into an international technology hub.