UAE – Dubai Chambers has recently convened representatives of its business groups and councils to the fourth 2022 roundtable discussion aimed at fostering public-private sector cooperation to enhance Dubai’s favourable business environment.
Held on a quarterly basis, the roundtable events provide group and council representatives with a platform to discuss timely business issues, proactively identify policy and legislative priorities, and drive collective advocacy impact to advance economic and business growth in Dubai.
“Dubai Chambers is committed to protecting the interests of our members and meeting the changing needs of a dynamic business environment. We advocate to improve ease of doing business in Dubai, acting as a bridge between the emirate’s private sector and its forward-thinking government. The roundtable discussions with business groups and councils are valuable communication channels that help us identify and collectively address important policy matters that impact our business community in order to create a supportive, enabling, and innovation-based business environment,” said Maha AlGargawi, Executive Director of Business Advocacy at Dubai Chambers in her welcome remarks during the roundtable.
Th event featured an overview of Dubai Chambers’ strategic priorities and the emirate’s economic outlook as well as updates on current and upcoming initiatives.
During the event, Dubai Chambers presented results of the latest Dubai Quarterly Business Survey: Outlook, Impediments & Incentives, 2022, Q4.
According to the survey, the overall majority of businesses in Dubai have better expectations for business conditions and sales. Sentiments on business confidence and business conditions have improved and are expected to positively impact private investment in Dubai. Companies are looking to increase digital adoption in all facets including advertisement (40%), digital payments (35%), e-commerce (25%) and digital marketing (31%).
Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, announced this year plans to establish new country-specific business councils to expand economic cooperation and non-oil trade between Dubai business community and international markets of strategic importance across Africa, Latin America and the Middle East.
In addition, Dubai Chamber of Commerce aims to increase the economic sectors and activities represented by business groups to 100 by March 2023. Business groups are policy advocates for their respective sectors that unify the voice of the business community and promote the private sector’s role in economic growth.