Credits: biz30.timedoctor.com
Dubai, UAE – The Dubai Chamber of Commerce recently hosted a quarterly roundtable at its headquarters for representatives of business associations and councils operating in Dubai. During the event, attendees received updates on the most important trends and events affecting Dubai’s economy and business environment.
The third quarterly gathering of business groups and councils served as a forum for the Chamber and the business community to discuss the opportunities and challenges presented by the market.
The Ministry of Human Resources and Emiratization’s Assistant Undersecretary of National Human Resources Employment, HE. Farida Abdulla Al Ali, provided an insightful presentation that clarified the ministry’s plans to increase the Emiratisation rate in the private sector from a target of 2% in 2022 to 10% by 2026.
She urged the corporate sector to do more to assist the national Emiratisation effort, which is in line with the UAE’s economic goal for the next 50 years, and to attract young Emirati talent.
Hassan Al Hashemi, Acting President & CEO of Dubai Chambers, spoke to participants and provided information on new visa programs for investors and specialized personnel as well as a new law to promote public-private partnerships in the UAE.
Al Hashemi pointed out that an increase in business activity in the trade and tourism sectors is boosting economic growth in Dubai, and that this positive momentum is reflected in member exports and re-exports of the Dubai Chamber of Commerce, which rose by 20% year-over-year in the first eight months of 2022.
The number of ATA Carnets granted by the Chamber and received by the UAE increased by over 22%, while the number of certificates of origin issued by the Chamber increased by 9.8%.
He discussed the upcoming events initiatives Dubai Chambers is planning to roll out to support various business community segments. These initiatives include Dubai Global, which aims to draw in international businesses to Dubai, as well as a comprehensive program created to increase the economic contribution of business groups and councils.
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