DCC briefs on economic developments
DUBAI: Members of business groups and councils operating in Dubai recently came together for a quarterly roundtable hosted by Dubai Chamber of Commerce (DCC) at its headquarters, where participants were updated on key trends and developments impacting Dubai’s economy and business environment.
The third quarterly meeting of business groups and councils provided a plaform for open and constructive dialogue between the Chamber and the business community, which tackled market challenges and opportunities.
Farida Abdulla Al Ali, Assistant Undersecretary of National Human Resources Employment at the Ministry of Human Resources and Emiratisation, gave an informative presentation which shed light on the ministry’s plans to raise the Emiratisation rate in the private sector from a target of 2 per cent in 2022 to 10 per cent by 2026.
She called on private sector companies to do more to atract young Emirati talent and support the national Emiratisation drive, which aligns with the UAE’S economic vision for its next 50 years.
Addressing participants, Hassan Al Hashemi, Acting President & CEO of Dubai Chambers, shared insights on a new law to foster publicprivate partnerships in the UAE aimed at involving businesses in strategic projects, as well as new visa schemes for investors and specialised talent Al Hashemi noted that an uptick in business activity within the trade and tourism sectors is fueling economic growth in Dubai, adding that this positive momentum is reflected in Dubai Chamber of Commerce’s member exports and re-exports, which increased 20 per cent year-over-year in the first eight months of 2022.
Meanwhile, the number of certificates of origin issued by the Chamber rose 9.8 per cent and the number of ATA Carnets issued by the Chamber and received by the UAE rose by over 22 per cent.