Dubai Worldwide Chamber, one of many three chambers working beneath Dubai Chambers, has introduced particulars of its achievements throughout the first 9 months of 2024, which embody supporting the enlargement of native firms into promising world markets and attracting overseas direct funding to the emirate. The chamber is constant to play a key function in contributing to the targets of the Dubai Financial Agenda (D33).
Dubai Worldwide Chamber attracted a complete of 157 firms to the emirate between Q1-Q3 2024, together with multinational companies (MNCs) and small and medium-sized enterprises (SMEs). This marks a 68.8% enhance over the 93 firms attracted throughout the identical interval final yr, underlining Dubai’s significance as a number one funding hub on the worldwide stage.
The businesses attracted throughout the first 9 months of this yr included 39 MNCs, which elevated from 18 in Q1-Q3 2023, representing year-over-year (YoY) progress of 117%. A complete of 118 SMEs have been drawn to Dubai in Q1-Q3 2024, a rise of 57% in comparison with the 75 that have been attracted throughout the first 9 months of 2023.
Via its worldwide workplaces and various programmes and initiatives, Dubai Worldwide Chamber efficiently supported the enlargement of 75 native firms into new world markets throughout Q1-Q3 2024. This represents a 241% YoY enhance in comparison with the 22 firms supported throughout the identical interval final yr. The chamber assisted these firms with growing worldwide exports or establishing a bodily presence inside their goal markets.
Sultan Ahmed bin Sulayem, Chairman of Dubai Worldwide Chamber, mentioned: “These excellent outcomes mirror Dubai Worldwide Chamber’s tireless dedication to selling Dubai’s aggressive benefits in assist of the targets of the Dubai Financial Agenda (D33). We proceed to place the emirate as a prime vacation spot for overseas direct funding and a worldwide capital for alternative and progress.”
Bin Sulayem added: “The chamber’s community of worldwide workplaces showcases the profitable alternatives Dubai gives to the worldwide enterprise group and assists firms in leveraging the emirate’s aggressive benefits as a gateway to entry promising markets. Our workplaces additionally play an important function in serving to Dubai-based firms to increase into worldwide markets.”
In the course of the first 9 months of this yr, the chamber organised two commerce missions to Southeast Asia and West Africa as a part of the ‘New Horizons’ initiative, which permits Dubai-based firms to affix commerce missions to fastidiously chosen worldwide markets. Greater than 830 bilateral enterprise conferences have been organised between collaborating firms from Dubai and their counterparts in these markets to discover funding alternatives and joint financial partnerships.
As a part of the Southeast Asia commerce mission, 200 bilateral enterprise conferences have been organised for Dubai-based firms with their counterparts in Indonesia throughout the first leg of the mission. The chamber efficiently organized 180 conferences between firms from Dubai and Vietnam throughout the second leg of the mission.
The commerce mission to Africa included visits to Senegal and Morocco, with greater than 150 enterprise conferences organised between firms from Dubai and their counterparts within the Senegalese capital, Dakar. Dubai Worldwide Chamber additionally signed a Memorandum of Understanding (MoU) with the Dakar Chamber of Commerce, Business and Agriculture geared toward strengthening bilateral cooperation.
In the course of the go to to Morocco, greater than 300 conferences have been organised in Casablanca between the Dubai delegation and Moroccan firms to discover alternatives for enterprise growth and financial partnerships. Dubai Chambers additionally signed 4 MoUs to strengthen cooperation with the Moroccan Company for Funding and Export Improvement; the Common Confederation of Moroccan Enterprises; the Chamber of Commerce, Business and Companies of Casablanca-Settat; and the Chamber of Commerce, Business and Companies of Rabat-Salé-Kenitra.
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