The Dubai Chamber of Commerce and Industry said more than 8,000 companies have joined the organization in 2016, bringing total membership to 193,000, a 4.3 percent increase in growth.
Dubai Chamber said this growth showcases the organization’s attractiveness to global investors as well its reputation as one of the largest chambers of commerce in the world.
“The emirate’s capability in reducing the effects of the global economic slowdown comes from its competence based on the economic diversity and the UAE’s strategy to move away from oil resources which actually complements the vision of the country’s wise leadership in creating a competitive economic order,” Dubai Chamber President and CEO Hamad Buamim said.
Buamin said that Dubai’s economy is showing its resilience to the adversities of global economic challenges. The region has sustained its trade sector and proved its competitiveness time and again on the global scale.
Buamin also said the organization’s strategies are based on the vision of Sheikh Mohammed bin Rashid Al Maktoum, UAE vice president and prime minister and ruler of Dubai.