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Dubai Chamber approves four-pronged strategy for next three years

  • Improving business environment in Dubai and attracting foreign investments and international companies to the emirate two of the four pillars of the strategy.
  • Supporting member companies with global expansion and growing Dubai’s digital economy are the other elements of the strategy.

Improving business environment in Dubai, attracting foreign investments and international companies to the emirate, supporting member companies with global expansion and growing Dubai’s digital economy.

These four pillars, which would guide the Dubai Chamber’s strategy for the next three years (2022-24), were announced during the board’s first official meeting in 2022 that was chaired by Abdul Aziz Al Ghurair, Chairman of Dubai Chambers.

Al Ghurair said that the adoption of the Chambers’ strategy for the next three years reflects the Chambers’ commitment to achieving the vision of Sheikh Mohammed and expands the role of Dubai Chambers as the important organization supporting the growth of Dubai’s economy.

He added, “Today we adopted an integrated strategy for the next phase that enhances the partnership of the public and private sectors, and reflects the new role that Dubai Chambers will play in shaping the future of Dubai’s economy and achieving the goals and vision of our wise leadership.”

Dubai Chambers was established under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, as part of a recent government restructuring that aims to drive a comprehensive economic development in Dubai.

The organization operates under a three-chamber model that comprises Dubai Chamber of Commerce, Dubai International Chamber and Dubai Chamber of Digital Economy.

During the meeting, the board approved the organization’s 2022 budget and established new committees that will be tasked with overseeing matters related to investment, auditing, risks, nominations and remunerations.

Board members discussed potential plans to be implemented under the new strategy, which are aligned with Dubai’s strategic vision and support plans announced by Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum, to boost Dubai’s trade to AED 2 trillion in five years.