Dubai Chamber members’ exports and re-exports up 7.8%

Dubai Chamber of Commerce and Industry said exports and re-exports by its members rose 7.8 per cent in value to Dh63.5 billion in the first quarter this year compared to Dh58.9 billion in the same quarter last year.

While the monthly March exports and re-exports was Dh23 billion and February was lowest with a value of Dh17.6 billion.

During the same period, Dubai Chamber issued a total of 177,502 Certificates of Origin which is an increase of 5.3 per cent, compared to the 168,558 Certificates of Origin issued during the first three months of 2012. January was the month with the highest number of certificates issued numbering 60,558, while February was the month with the least totalling 57,330.

Between January and March a total of 3,449 new members joined Dubai Chamber which increased the total number of Dubai Chamber members to over 131,900.

The quarterly data also shows that during the first three months Dubai Chamber received 35 international delegations comprising of 358 delegates. These groups came from Saudi Arabia, Japan, Germany, Sudan, Chile, Jordan, Egypt, Hungary, Turkey, Hong Kong, US, Tajikistan, Tunisia, China, Latvia, Portugal, Lebanon, UK, Australia, Ghana, Russia, Lithuania, Uruguay, Malaysia, Uganda, Norway, Iran and France.

Dubai Chamber participated in 16 events around the world, particularly in countries like Canada, US, Libya, Ethiopia, France, Tanzania, UK, Belgium and Oman to promote Dubai while also took an outbound delegation to the Consumer Electronics Show 2012 in Las Vegas.

Hamad Buamim, Director General, Dubai Chamber, said the first quarter results are quite encouraging and points at the continued strength of Dubai’s economy while enhancing the emirate’s position as a thriving investment destination.

Elevated by the outcome of the first quarter, Buamim lauded the role of the trade sector which he said is responsible for the overall health of Dubai’s economy which is supported by its strategic location, advanced infrastructural and financial facilities, unconditional government support and a competitive and safe business environment.

The Director General of Dubai Chamber stressed on the organisation’s efforts in exploring new and emerging markets for its members as he informed that the Chamber is all set to send out trade missions to the world’s promising markets including Surat in India and Ethiopia to enhance the competitiveness of Dubai businesses which is one of the top priorities of Dubai Chamber in the coming months, he said.

Buamim also stressed on Dubai Chamber’s mission of representing, supporting and protecting the interests of the business community by highlighting the value-added services and facilities offered by the Chamber which he said directly help in enhancing the business environment as well as the confidence of foreign investors.

In the first quarter of the year, Dubai Chamber received two high profile delegations headed by H.E. Abdulla Gul, the Turkish President at the head of the UAE-Turkish Business Forum and another one by Latvian Prime Minister H.E. Valdis Dombrovskis during the first UAE-Latvia Business Forum organised by Dubai Chamber.

With the joining of the Somali Business Council, the number of business councils reached 41 while taking the total of business councils and business groups operating under the umbrella of Dubai Chamber to 66.

Dubai Chamber maintained its lead in the excellence program by offering innovative services to its customers thus winning the Best Result in Customer Satisfaction award for the third year in a row at the prestigious Dubai Government Excellence Program.

As part of its latest initiative to facilitate the growth of entrepreneurship, Dubai Chamber signed a Memorandum of Understanding with the National Bank of Abu Dhabi (NBAD) for providing financial services facilities of up to $100 million to small and medium enterprises in the emirate. Under the MoU, the bank also offers assistance in managing and utilisation of finances, as well as business progress reviews to the representatives of SMEs.

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