PREPARING DUBAI
FOR THE FUTURE
ANNUAL REPORT 2022
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Dubai Chambers Annual Report 2022
TABLE
OF CONTENTS
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TABLE OF CONTENTS
VISION, MISSION & STRATEGIC PRIORITIES
CHAPTER
01
CHAPTER 1: VISION, MISSION & STRATEGIC PRIORITIES
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Vision, Mission
& Strategic Priorities
AMBITION
IN FOCUS
VISION
To be the best chamber in the world on driving competitiveness and business growth by 2024
MISSION
Represent, support and protect the interests of the business community in Dubai
01 / 02
CHAPTER 1: VISION, MISSION & STRATEGIC PRIORITIES
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/01
Improve Dubai’s favourable business environment
/02
Attract international businesses & investments into Dubai
/03
Drive international expansion of Dubai Chambers’ members
AMBITION
IN FOCUS
/04
Grow Dubai’s digital
economy
/05
Increase effectiveness
of advocacy
/06
Sustain institutional
& customer excellence
01 / 02
STRATEGIC PRIORITIES
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Dubai Chambers Annual Report 2022
Vision, Mission
& Strategic Priorities
IN FOCUS
CHAPTER 1: VISION, MISSION & STRATEGIC PRIORITIES
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BOARD MEMBERS & ADVISORY COUNCILS
3
Dubai Chambers Annual Report 2022
CHAPTER
02
CHAPTER 2: BOARD MEMBERS & ADVISORY COUNCILS
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Enhancing business through Board Governance
BOARD
GOVERNANCE
01 / 02
Dubai Chambers’ board is joined by some of the most influential business leaders in Dubai, who oversee the organisation’s 2022-2024 strategy and operations.
The board was established by a decree issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai as part of a move to create a new legal framework for Dubai Chambers.
Three additional boards also steer Dubai Chamber of Commerce, Dubai International Chamber and Dubai Chamber of Digital Economy towards achieving priorities outlined under their respective strategies.
These boards draw on the expertise of industry leaders that is essential to supporting the chambers’ new strategic priorities.
01 / 02
CHAPTER 2: BOARD MEMBERS & ADVISORY COUNCILS
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DUBAI CHAMBERS BOARD
DUBAI CHAMBER OF DIGITAL ECONOMY BOARD
DUBAI INTERNATIONAL CHAMBER BOARD
Board members
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CHAPTER 2: BOARD MEMBERS & ADVISORY COUNCILS
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DUBAI CHAMBERS BOARD
DUBAI CHAMBER OF COMMERCE BOARD
Board members
DUBAI CHAMBER OF DIGITAL ECONOMY BOARD
DUBAI INTERNATIONAL CHAMBER BOARD
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Dubai Chambers Annual Report 2022
CHAPTER 2: BOARD MEMBERS & ADVISORY COUNCILS
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DUBAI CHAMBERS BOARD
DUBAI CHAMBER OF COMMERCE BOARD
Board members
DUBAI CHAMBER OF DIGITAL ECONOMY BOARD
DUBAI INTERNATIONAL CHAMBER BOARD
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CHAPTER 2: BOARD MEMBERS & ADVISORY COUNCILS
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DUBAI CHAMBERS BOARD
DUBAI CHAMBER OF COMMERCE BOARD
Board members
DUBAI INTERNATIONAL CHAMBER BOARD
DUBAI CHAMBER OF DIGITAL ECONOMY BOARD
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CHAPTER 2: BOARD MEMBERS & ADVISORY COUNCILS
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Advisory councils
enhance advocacy
ADVISORY
COUNCILS
01 / 02
Dubai Chambers’ advisory councils play an
integral role in supporting its advocacy agenda and ensuring a favourable business environment in Dubai.
Working in tandem with Dubai Chambers’ leadership and boards of directors are the advisory councils of Dubai Chamber of Commerce, Dubai International Chamber and Dubai Chamber of Digital Economy.
01 / 02
These advisory councils are joined by industry leaders from the private sector who are involved in the decision-making process and ensure the relevance and effectiveness of the chambers’ various efforts and activities to the business community.
CHAPTER 2: BOARD MEMBERS & ADVISORY COUNCILS
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DUBAI CHAMBER
OF COMMERCE
DUBAI CHAMBER OF
DIGITAL ECONOMY
DUBAI INTERNATIONAL CHAMBER
Advisory Council members
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CHAPTER 2: BOARD MEMBERS & ADVISORY COUNCILS
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DUBAI CHAMBER
OF COMMERCE
Advisory Council members
DUBAI CHAMBER OF DIGITAL ECONOMY
DUBAI INTERNATIONAL CHAMBER
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Dubai Chambers Annual Report 2022
CHAPTER 2: BOARD MEMBERS & ADVISORY COUNCILS
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DUBAI CHAMBER
OF COMMERCE
Advisory Council members
DUBAI INTERNATIONAL CHAMBER
DUBAI CHAMBER OF
DIGITAL ECONOMY
7
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CHAPTER 2: BOARD MEMBERS & ADVISORY COUNCILS
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FOREWORDS
CHAPTER 3: FOREWORDS
CHAPTER
03
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A future-proof
blueprint for growth
CHAIRMAN'S
FOREWORD
CHAPTER 3: FOREWORDS
A plethora of new projects, initiatives and KPIs were actioned by Dubai Chambers and the three chambers operating under its umbrella.
H.E. Abdul Aziz Abdulla Al Ghurair
Chairman, Dubai Chambers
In 2022, Dubai marked one of the most transformational years in its history as the emirate cemented its position as a global hub for business and a future-ready economy.
Not only did Dubai welcome the world at one of the most successful world expos to date, but it also leveraged the opportunity to open new doors of economic cooperation and showcase its bold new vision for its economy that will place the emirate on a stable path of progress and prosperity.
01 / 02
01 / 02
Such developments sent a clear message to the world that Dubai has never been more open for business, and we at Dubai Chambers are amplifying that message through our new structure and approach to driving Dubai’s economy forward.
At the start of the year, Dubai Chambers adopted its 2022-2024 strategy, which outlined the key priorities of improving the business environment in Dubai, attracting foreign investments and international companies to the emirate, supporting member companies with global expansion, growing Dubai’s digital economy and increasing effectiveness of advocacy.
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New milestones
and limitless ambitions
PCEO’S
FOREWORD
CHAPTER 3: FOREWORDS
The Chamber also saw its membership grow to over 347,000 companies,
a testament that its new direction and approach is resonating with the business community.
Mohammad Ali Rashed Lootah
President and CEO, Dubai Chambers
01 / 02
Following a year full of rapid changes and restructuring, Dubai Chambers hit the ground running in 2022 as it defined its new ambitions and translated strategic plans into action.
In line with its 2022-2024 strategy and mandate set by Dubai Chambers’ leadership team, new projects, initiatives and events linked to the organisation’s strategic priorities were launched to accelerate economic growth across various priority sectors in Dubai and elevate the emirate’s position as a global business hub.
Unveiling a new corporate identity was another milestone moment for us as the move paved a new path for Dubai Chambers that follows a more strategic approach designed to take Dubai’s economic ambitions to the next level and set the emirate apart from other major business hubs around the world.
Each of the three chambers operating under the Dubai Chambers umbrella, made their mark on the economic landscape in a major way.
01 / 02
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DUBAI'S
ECONOMIC OUTLOOK
CHAPTER
04
CHAPTER 4: DUBAI'S ECONOMIC OUTLOOK
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Dubai's economy
at a glance
DUBAI'S
ECONOMY
01 / 02
Dubai’s economy rebounded in 2022 as business activity was largely driven by key sectors such as retail, tourism, hospitality, real estate and transportation.
The economy expanded by 4.6% in the first nine months of the year to AED 307.5 billion ($83.7 billion), as the government doubled down on efforts to accelerate the growth of the digital economy, expand economic partnerships with other countries and strengthen Dubai’s value proposition with flexible and long-term residency visa options.
01 / 02
The emirate reaped far-reaching economic benefits from Expo 2020 Dubai, the 2022 FIFA World Cup and other large-scale events, while it retained its position as the world’s top FDI destination in H1 2022.
In addition, momentum behind the digital economy and innovation-focused sectors gathered pace as new ambitious strategies and initiatives were put in place to future-proof Dubai’s economy, drive its sustainable development and boost the emirate’s global appeal.
CHAPTER 4: DUBAI'S ECONOMIC OUTLOOK
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Dubai Chambers Annual Report 2022
307.5BN
($84 billion)
GDP value
DUBAI'S GDP (first 9 months of 2022)
AED
4.6%
GDP growth
24.1%
Wholesale and retail's contribution to GDP
28%
YoY growth in hospitality and F&B sectors' activity
Source: Dubai Government, Dubai Statistics Centre
CHAPTER 4: DUBAI'S ECONOMIC OUTLOOK
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Dubai Chambers Annual Report 2022
15,164
New jobs generated by FDI investments
DUBAI'S FDI (H1 2022)
13.72BN
($3.3 billion)
FDI inflows
AED
14.6%
YoY growth
The emirate retained its position as the world’s top FDI destination in
H1 2022.
Source: Dubai Department of Economy and Tourism
RETAIL TRADE
Highest number of FDI projects
UK, US & FRANCE
Top source markets for FDI capital in Dubai
CHAPTER 4: DUBAI'S ECONOMIC OUTLOOK
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DUBAI'S TOURISM (first 11 months of 2022)
12.8M
Overnight visitors
Source: Dubai Department of Economy and Tourism
113%
YoY growth in number of tourists
72.6%
Hotel occupancy
145,098
Hotel rooms
794
Hotel establishments
INDIA, OMAN & SAUDI ARABIA
Top source markets
CHAPTER 4: DUBAI'S ECONOMIC OUTLOOK
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DUBAI'S AVIATION & TRAVEL
CHAPTER 4: DUBAI'S ECONOMIC OUTLOOK
Source: Dubai Airports
64.3M
2022 forecast for passenger traffic at DXB
6M
Average monthly traffic in Q3 2022
46.3M
Passengers received at DXB in the first 9 months of 2022
167.6%
YoY increase in number of passengers
(Jan-Sep 2022)
1.3M
Tonnes of freight handled (DXB)
274,911
Number of flight movements (DXB)
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DUBAI'S REAL ESTATE
CHAPTER 4: DUBAI'S ECONOMIC OUTLOOK
528BN
Total transactions value (AED)
Source: Dubai Land Department
122,658
Real estate transactions in Dubai property market in 2022
44.7%
Growth in volume of real estate transaction vs. 2021
76.5%
Growth in value of real estate transaction vs. 2021
80,216
Investors registered 115,183 new real estate investments
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DUBAI CHAMBERS
CORPORATE IDENTITY LAUNCH
CHAPTER
05
CHAPTER 5: DUBAI CHAMBERS CORPORATE IDENTITY LAUNCH
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The Dubai Chambers brand: a new identity for a bold vision
A BOLD
VISION
01 / 02
Dubai Chambers began a new chapter in its history in 2022 as it unveiled a new brand identity reflecting its three-chamber structure and priorities outlined under its 2022-2024 strategy.
Under the new structure, three chambers of commerce operate under Dubai Chambers, namely Dubai Chamber of Commerce, Dubai International Chamber and Dubai Chamber of Digital Economy – each of which have their own individual brands, strategies and specialised approach.
The new Dubai Chambers brand identity enables the organisation to implement a specialised approach to promoting Dubai as a global business hub.
It also showcases the crucial role Dubai Chambers is playing to support Dubai’s new economic ambitions and achieve the objectives of its strategy, which aims to better serve the needs of the business community, deliver added value for its members and future proof Dubai’s economy in line with the emirate’s new vision and development plans.
01 / 02
CHAPTER 5: DUBAI CHAMBERS CORPORATE IDENTITY LAUNCH
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Dubai Chambers is among the first chambers in the world to adopt a three-chamber model
that is designed to drive growth and unlock potential within specific segments of the economy.
AMBITION IN FOCUS
BUSINESS IN FOCUS
Dubai Chamber of Commerce
READ MORE
Dubai Chamber of Commerce is playing a crucial role in representing, supporting and protecting the interests of businesses in Dubai, while exploring new ways to meet the changing needs of Dubai’s fast-growing and dynamic business community.
CHAPTER 5: DUBAI CHAMBERS CORPORATE IDENTITY LAUNCH
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FUTURE IN FOCUS
Dubai Chamber of Digital Economy
READ MORE
Dubai Chamber of Digital Economy is working to build the world’s best digital infrastructure, transform Dubai into an international technology hub, support the interests of technology companies and strengthen the role of the digital economy in the emirate.
WORLD IN FOCUS
Dubai International Chamber
READ MORE
Dubai International Chamber is supporting Dubai’s vision to expand to new global markets, forge new economic partnerships and support local companies in achieving global success, while also attracting promising talent and investors from across the world.
STRATEGIC PRIORITIES
& ACHIEVEMENTS
CHAPTER 6: STRATEGIC PRIORITIES & ACHIEVEMENTS
CHAPTER
06
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A new chapter
of growth
A NEW
CHAPTER
01 / 02
Dubai Chambers marked a memorable year of milestones achieved following the implementation of its three-year strategy.
The strategy is centred around six strategic priorities of improving Dubai’s business environment, attracting international businesses and investments, driving international expansion of member companies, growing the digital economy, increasing the effectiveness of advocacy efforts and ensuring institutional and customer excellence.
H.E. Abdul Aziz Abdulla Al Ghurair
Chairman, Dubai Chambers
With a new corporate identity, expanded role and mandate, Dubai Chambers marked 2022 as a new chapter of growth driven by a new vision and direction.
In line with this strategy and mandate set by Dubai Chambers’ leadership team, Dubai Chambers greenlighted a number of projects and KPIs, that are designed to accelerate economic growth across various priority sectors and elevate Dubai’s position as a global business hub, ensure a business-friendly regulatory environment and improve ease of doing business through advocacy.
01 / 02
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Dubai Chambers Annual Report 2022
Improve Dubai’s favourable business environment
/01
2
DUBAI CENTRE FOR FAMILY BUSINESSES
Dubai Chambers laid the groundwork for the Dubai Centre for Family Businesses that will aim to enhance the competitiveness of family businesses in Dubai, ensure their sustainability and mobilise these companies to make a bigger contribution to the emirate’s economy.
3
ENGAGE FORUM
The first-ever Engage Forum set a precedent for action-oriented business events in Dubai as it created an ideal opportunity to utilise the valuable expertise of our advisory council members to support Dubai Chambers’ advocacy agenda and suggest new policies and initiatives that can drive sustainable economic growth.
4
HATTA TRADERS COUNCIL
The Hatta Traders Council was also established under the Dubai Chamber of Commerce, as an organisation that will represent traders in the exclave and work with governmental entities to support business interests and develop the area’s economy and entrepreneurial ecosystem.
1
BUSINESS GROUP TRANSFORMATION PROGRAMME
As part of its efforts to restructure and revamp the role that business groups play in driving economic growth in Dubai, Dubai Chamber of Commerce’s first-of-its-kind Business Group Transformation Programme was launched.
The 12-month programme saw sector-focused business groups refocus their activities around new KPIs such as governance, strategy, membership growth, organised events, advocacy activities, international connections and digital presence.
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CHAPTER 6: STRATEGIC PRIORITIES & ACHIEVEMENTS
DUBAI CHAMBER OF COMMERCE PERFORMANCE (2022)
AED
272.7BN
Value of member exports
20%
YoY increase in value of member exports
4,899
ATA Carnets issued and received
AED3.4BN
Value of ATA Carnets
752,000+
E-transactions
6.8%
YoY growth in
e-transactions processed
725,537
Certificates of Origin issued
8%
YoY increase in number of COOs issued
20%
Membership growth
347,600
Member companies
56,000+
New member companies
CHAPTER 6: STRATEGIC PRIORITIES & ACHIEVEMENTS
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Business networking
events organised
136
Mediation cases
handled (40% of cases were settled)
6
New associations
licensed
5
New business councils established
DUBAI CHAMBER OF COMMERCE PERFORMANCE (2022)
contd.
41
Events organised by
DCC Centre for Responsible Business
CHAPTER 6: STRATEGIC PRIORITIES & ACHIEVEMENTS
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Attract international businesses
& investments into Dubai
/02
Dubai International Chamber (DIC) opened four international offices in Mexico, Egypt, Israel and Türkiye during the year.
The new openings support Dubai Chambers’ strategic goals to attract international businesses and investment to Dubai and to drive global expansion of its members. They are in line with the ‘Dubai Global’ initiative launched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council and led by DIC to establish 50 commercial offices for Dubai in five continents by 2030.
01 / 02
Dubai International Chamber has identified 30 target markets under an ambitious strategy, which is being implemented through a growing network of international offices, roadshows, trade missions and other major initiatives.
H.E. Sultan Bin Sulayem
Chairman, Dubai International Chamber
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CHAPTER 6: STRATEGIC PRIORITIES & ACHIEVEMENTS
01 / 02
1
2
EXECUTIVE SERIES
CHAMBERTON
The first-ever Executive Series, a flagship series of VIP business missions, was organised by DIC to support the organisation’s efforts to build and expand Dubai’s trade and investment ties with target markets.
Held at Dubai Chambers’ headquarters, the first event saw the participation of 50 prominent businessmen representing 25 companies from Israel that are listed on the Tel Aviv Stock Exchange, and concluded with 200 bilateral business meetings.
The event aimed to highlight the vast untapped potential that businesses in Israel and UAE can capitalise on, as well as existing synergies in key sectors of mutual interest and new business opportunities emerging in both markets.
In addition, the forum familiarised Israeli businessmen with Dubai’s economy and business environment.
The first-ever Chamberthon, a hackathon-style competition, was hosted in Dubai, bringing together a select group of startups and SMEs based in the emirate, who offered valuable insights on the needs of the business community, top challenges related to setting up in the emirate and high-potential market opportunities.
Ideas presented during the event will lay the groundwork for a new programme that will amplify the Chamber’s efforts to attract 100 SMEs and 300 startups to Dubai, in three years and two years, respectively.
223
Visiting delegations received by Dubai Chambers
941
Participants joined delegations
40
Outbound trade missions
& events organised by the various chambers
32
Cities visited
26
Countries visited
5
Multinational corporations attracted
150,000
Businesses from abroad attracted to participate in Expo 2020 Dubai
16
SMEs attracted
CHAPTER 6: STRATEGIC PRIORITIES & ACHIEVEMENTS
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Drive international expansion of Dubai Chambers’ members
/03
Building on the progress it achieved with Expo 2020 Dubai, Dubai International Chamber (DIC) launched new initiatives to support member companies with international expansion and utilise the expertise and experience of successful businesses in Dubai to enhance its attraction efforts in international markets.
Among these was a series of interactive In Focus events designed for member companies to learn more about business synergies between Dubai and other markets, present a snapshot of the economic outlook of the region in focus, and highlight prospective trade and investment opportunities.
01 / 02
DIC international offices supported and guided Dubai companies through every stage of their international expansion journey.
They provided market intelligence and business introductions to company set-up, created new mechanisms to attract FDI from key markets of strategic importance to Dubai, promoted the emirate as a preferred business hub and a global gateway to emerging markets.
01 / 02
9
National companies internationalised
600+
Business matching meetings held
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CHAPTER 6: STRATEGIC PRIORITIES & ACHIEVEMENTS
AN EXPANDING INTERNATIONAL NETWORK
15
international offices
AFRICA
OVERVIEW
LATIN AMERICA
OVERVIEW
ASIA
OVERVIEW
MENA & EURASIA
OVERVIEW
MAPUTO, MOZAMBIQUE
NAIROBI, KENYA
ADDIS ABABA, ETHIOPIA
ACCRA, GHANA
721
AFRICA
(Ghana, Mozambique, Kenya & Ethiopia)
Meetings / 1,249 delegates
5
Events organised
83
Events attended
7
Outbound missions
2
Companies attracted
MEXICO CITY, MEXICO
PANAMA CITY, PANAMA
SÃO PAULO, BRAZIL
BUENOS AIRES, ARGENTINA
531
LATIN AMERICA
(Brazil, Argentina, Panama & Mexico)
Meetings / 1,153 delegates
29
Events attended
1
Outbound mission
5
Companies attracted
MUMBAI, INDIA
SHANGHAI, CHINA
SHENZHEN, CHINA
656
ASIA
(India & China)
Meetings / 1,052 Delegates
8
Events organised
67
Events attended
5
Outbound missions
10
Companies attracted
BAKU, AZERBAIJAN
TEL AVIV, ISRAEL
ISTANBUL, TÜRKIYE
CAIRO, EGYPT
123
MENA & EURASIA
(Egypt, Israel, Türkiye
& Azerbaijan) *
Meetings / 231 Delegates
1
Event organised
20
Events attended
2
Outbound missions
*Egypt, Israel and Türkiye offices were inaugurated in December 2022
CHAPTER 6: STRATEGIC PRIORITIES & ACHIEVEMENTS
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Grow Dubai’s digital economy
/04
Through roadshows, exhibitions, international outreach and tailored programmes, Dubai Chamber of Digital Economy (DCDE) in collaboration with other government entities attracted 203 businessmen to Dubai, who run businesses specialising in advanced technologies, in addition to 54 high potential startups in technology during 2022.
01 / 02
H.E. Omar Sultan Al Olama
Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications
Chairman, Dubai Chamber of Digital Economy
In 2022, Dubai Chamber of Digital Economy doubled down on its commitment to advancing the digital economy by building strong strategic partnerships and supporting the growth of various innovation-focused sectors and fields.
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CHAPTER 6: STRATEGIC PRIORITIES & ACHIEVEMENTS
100,000
Attendees from 170 countries at North Star Dubai 2022
As a strategic partner for North Star Dubai, the world’s largest startup show held as part of GITEX Global 2022, Dubai Chamber of Digital economy capitalised on this prime opportunity to familiarise visiting startups, SMEs and investors with Dubai’s entrepreneurial ecosystem and the vast competitive advantages that it offers.
FUTURE OF THE DIGITAL ECONOMY: BUSINESS IN THE METAVERSE ACADEMY
launched
01 / 02
The specialised training programme equips digital startups with practical knowledge and tools they need to build in the metaverse and leverage Web3 to their benefit.
800
Startups
35
Global unicorns with a combined market value of $216 billion
600
Investors with a portfolio of over $500 billion
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Dubai Chambers Annual Report 2022
Increase effectiveness of advocacy
/05
A new Business Advocacy sector was established to expand Dubai Chambers’ advocacy role and support Dubai’s new economic vision in line with its 2022-2024 strategy.
The sector advises and supports all three chambers by streamlining and expanding their advocacy efforts and creating new channels and mechanisms to focus public-private sector cooperation on creating tangible solutions to driving business and boost economic competitiveness.
01 / 02
Mohammad Ali Rashed Lootah
President & CEO, Dubai Chambers
The Chamber is pushing forward with its plans to increase the number of economic sectors and activities represented by business groups
to 100.
Changes to bylaws were introduced to ensure
C-level representation for all business groups operating in Dubai, make governance frameworks more inclusive and involve key decision makers in advocacy activities.
Business Advocacy worked to ensure that the legislative system remains conducive to digital businesses in Dubai and attractive to multinational companies that have an interest on setting up in the emirate.
01 / 02
7
New sector-focused business groups established
81
Laws and draft laws reviewed
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CHAPTER 6: STRATEGIC PRIORITIES & ACHIEVEMENTS
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Dubai Chambers Annual Report 2022
Sustain institutional & customer excellence
/06
01 / 02
DCC evaluated and benchmarked its membership services against other global chambers and licensing authorities. The Chamber reviewed member classification, service fees, service categories and other offerings with the aim of creating added value for the business community in Dubai.
DCC established a new customer experience department that is tasked with enhancing the customer journey across multiple touchpoints at Dubai Chambers.
1000+
The Chamber Model Innovation is designed to enhance services and overall competitiveness
Executives trained on implementing the Chamber Model Innovation (CMI)
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CHAPTER 6: STRATEGIC PRIORITIES & ACHIEVEMENTS
Dubai Chambers’ Excellence department supported the establishment of advisory councils for DCC, DIC and DCDE, each of which offer valuable expertise, guidance and support with shaping new policies, initiatives and projects aligned with their respective KPIs and strategic priorities.
These advisory councils are joined by key stakeholders from the private sector who are involved in the decision-making process and ensure the relevance and effectiveness of the chambers’ various efforts and activities to the business community.
01 / 02
What's next?
LOOKING
AHEAD
13
New international offices to be opened in 2023
Metaverse Trading Platform
Is being developed to support the private sector
2
Global Business Forums to be organised in 2023
Looking ahead, Dubai Chambers has outlined new plans for 2023 that are aligned with its various strategic priorities and KPIs.
Several new sector-focused business groups and country-specific business councils will be established by DCC to create new channels of cross-border collaboration that drive economic diversification and growth.
DCC will organise the “International Partners Network”, a specialised event to engage more effectively with the Business Councils and Foreign Trade Offices and involve them in its Business Advocacy agenda and strategic initiatives.
01 / 02
DIC is set to open 13 new international offices in 2023, a strategic move that will accelerate its progress towards boosting Dubai’s foreign trade to AED 2 trillion ($544.5 billion) within 5 years, and attracting 30 multinational corporations and other high-potential businesses to the Dubai market.
Expand North Star Dubai will be a key platform in 2023 for DCDE to work towards its targets. The targets include supporting the establishment of 300 startups in the field of the digital economy and transferring the major operations of 10 large international companies in the field of advanced technology.
01 / 02
CHAPTER 6: STRATEGIC PRIORITIES & ACHIEVEMENTS
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PHOTO GALLERY
CHAPTER 7: 2022 PHOTO GALLERY
CHAPTER
07
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CHAPTER 7: 2022 PHOTO GALLERY
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HIGHLIGHTS
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Dubai Chambers Annual Report 2022
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