Dubai Chamber registers 8,830 new companies in first half of 2015
DUBAI: The Dubai Chamber of Commerce and Industry said on Monday it has registered substantial membership growth, as a total of 8,830 new companies joined the organisation.
The increase has seen its membership base growing to more than 177,000. These numbers are according to a recent report on the Chamber's half-year activities. The report said the new figures have strengthened the organisation's position as one of the largest chambers of commerce in the Middle East and North Africa (Mena) region. "Dubai's lucrative economic sectors, which are led by trade, logistics, tourism and finance, are behind the foreign companies' desire to set up base in Dubai and expand their global business activities through the Emirate," said Hamad Bu Amim, president and CEO of Dubai Chamber. According to Bu Amim, the Chamber members' half-yearly exports and re-exports reached Dh151 billion compared to Dh149 billion during the same period in 2014. Meanwhile, the monthly total of March 2015 was the highest with Dh28.1 billion with January registering the lowest with a value of Dh22.6 billion.