Dubai International Chamber Draws 92 New Businesses to Dubai in 2023's First Nine Months

Dubai International Chamber Draws 92 New Businesses to Dubai in 2023's First Nine Months

By Staff Writer, 22 December 2023

In a notable achievement for Dubai's economic landscape, the Dubai International Chamber has successfully lured 92 new businesses to the city in the initial nine months of 2023.

This influx comprises 15 multinational corporations and an impressive 77 small and medium-sized enterprises (SMEs).

An official announcement revealed that the chamber played an instrumental role in aiding 33 Dubai-centric enterprises in expanding their horizons globally, either by ramping up exports or establishing overseas footprints.

In an ambitious move to bolster its international footprint, the chamber inaugurated three international representative hubs in key global cities during the third quarter of 2023.

These cities include Ho Chi Minh City in Vietnam, Milan in Italy, and Paris, France.

The primary objective behind these strategic locations is to foster enhanced communication channels and economic collaborations, thereby magnetizing foreign businesses, SMEs, investors, and global talent towards Dubai.

Additionally, within the same timeframe, the Dubai International Chamber launched nine representative offices, aligning with the broader Dubai Global initiative.

This initiative sets a lofty goal of establishing 50 such offices by 2030.

Two pivotal initiatives, namely 'New Horizons' and 'Global Expansion Series,' were introduced to propel the global ambitions of Dubai's businesses.

The 'New Horizons' initiative, in particular, spearheaded four trade expeditions to destinations like Central Asia, London, Johannesburg, and Hong Kong.

By the close of September 2023, the 'Global Expansion Series' had successfully hosted two significant events.

Commenting on these developments, Sultan Ahmed bin Sulayem, Chairman of the Dubai International Chamber, articulated, “Our expansive network of international offices is pivotal in attracting foreign investments and assisting global entities keen on establishing and expanding in Dubai, and subsequently, into the broader MENA region."

Sulayem further emphasized the chamber's unwavering dedication to amplifying trade and investment activities, echoing the objectives of the Dubai Economic Agenda (D33).

This ambitious agenda aspires to magnify Dubai's economy twofold by 2033.

Looking ahead with determination, the international chamber has set a target to empower 100 Dubai-based enterprises with global operations by the culmination of 2024.

Source: Mubasher

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