DCC welcomes additional sector-specific business groups

DUBAI: As part of its plan to create 100 sectorspecific business groups by March 2023, Dubai Chamber of Commerce (DCC), one of the three chambers operating under Dubai Chambers, on Wednesday announced the launch of four new business groups, bringing the total number of sector-specific business groups to 45.

The groups focus on companies operating in fabrication and welding, electrical equipment and contractors’ business, cable & wire, and steel and metal traders.

The establishment of the new business groups is part of the Chamber’s plan to develop the private sector’s contribution to sustainable development and boost the business community’s competitiveness within Dubai’s economy and further afield.

Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers, said: “These latest business groups will help ensure transparent communication between key players in each sector. As members of Dubai Chamber of Commerce, companies joining these groups are underlining their commitment to growth, and in turn, will help grow Dubai’s economy. The Chamber will continue to help create meaningful dialogue between group members, the Chamber and government.”

The global welding market is projected to grow from $20.99 billion in 2021 to $28.66 billion in 2028 at a CAGR of 4.6 per cent, with welding witnessing positive global demand. As the industry evolves, with greater technology, automation and robotic welding becoming more commonplace, this group will help ensure the future positive growth of the sector within Dubai.