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A N N U A L R E P O R T / 2 0 1 6
The Innovation
Paradigm
Dubai Chamber - Annual Report 2016
TABLE OF CONTENTS
02 Board
members 26 Policy
Advocacy 40 Global Islamic
Economy Summit
04 Vision and
strategic objectives 28 Legal
support 42 Outbound
delegations
06 Chairman’s
message 30 Business research
and e-commerce 44 Inbound
delegations
08 President and
CEO's message 32 Innovation
46 Community
10 Overview of our
new strategy 34 Smart
Chamber 48 Human
resources
12 Dubai
overview 2016 36 International
Offices 50 Dubai Chamber
initiatives
22 Dubai Chamber
overview 2016 38 Global Business
Forums 68 Photo
gallery
1
BOARD MEMBERS
Majid Saif Al Ghurair
Chairman
Majid Hamad Rahama Al Shamsi
1st Vice Chairman
Hisham Abdullah Al Shirawi
2nd Vice Chairman
Abdul Jalil Yousuf Darwish
Treasurer
Helal Saeed Al Marri
Vice Treasurer
Raja Easa Saleh Al Gurg
Member of the Executive Committee
Yahiya Saeed Bin Ahmed Lootah
Member of the Executive Committee
H.E. Obaid Humaid Al Tayer
Member of the Board
Amna Kalfan Al Jallaf
Member of the Board
Ebrahim Ahmed Al Abbas
Member of the Board
Dr. Ahmed Saif Belhasa
Member of the Board
Buti Saeed Al Ghandi
Member of the Board
2 Dubai Chamber Annual Report 2016
Rashid Humaid Ali Al Mazroei
Member of the Board
Shehab Mohamad Gargash
Member of the Board
Sofia Abdulla Saleh
Member of the Board
Abdulla Saeed Juma Al Naboodah
Member of the Board
Abdul Hamied Ahmad Seddiqi
Member of the Board
Essa Abdulla Al Ghurair
Member of the Board
Ali Abdullah Al Shafar
Member of the Board
Omar Abdullah Al Futtaim
Member of the Board
Faisal Juma Kalfan Belhoul
Member of the Board
Faiza Alsayed M.Y.AlHashemi
Member of the Board
Hani Rashid Bin Rashid Al Yateem
Member of the Board
3
VISION AND STRATEGIC OBJECTIVES
VISION
To be the best Chamber in the world
MISSION
Represent, support and protect the interests
of the business community in Dubai
4 Dubai Chamber Annual Report 2016
STRATEGIC OBJECTIVES
Create a favourable business environment.
Promote Dubai as an international business hub.
Support the development of business.
Achieve institutional excellence and efficient
management of resources.
5
CHAIRMAN’S MESSAGE
THE 2030 DUBAI INDUSTRIAL
STRATEGY WILL CREATE
THOUSANDS OF NEW
JOBS, SIGNIFICANTLY
BOOST OUR EXPORTS, AND
ELEVATE THE EMIRATE
INTO A GLOBAL HUB FOR
INNOVATIVE INDUSTRIES
AND BUSINESSES.
Majid Saif Al Ghurair
Chairman
Despite global economic challenges,
Dubai remained resilient in 2016 as
robust activity within its trade, logistics,
aviation and tourism sectors continued
to fuel growth and investor confidence.
Preparations for Expo 2020 served as a
catalyst for expansion and foreign direct
investment with a number of mega
projects progressing across the emirate.
Dubai’s ability to shield itself from a
global slowdown is the direct result
of the forward-looking vision of His
Highness Sheikh Mohammed bin Rashid
Al Maktoum, UAE Vice President and
Prime Minister and Ruler of Dubai,
which is centred on the emirate’s
ambitious diversification policies
under the Dubai Plan 2021. Over the
last year, we have learned a lot more
about the objectives of the UAE’s
post-oil strategy, which puts a stronger
emphasis on building a knowledge-
based economy that fosters innovation.
As we take our diversification efforts
to the next level, we see huge potential
for Dubai and the UAE to build up
capacities in new areas. The 2030
Dubai Industrial Strategy will create
thousands of new jobs, significantly
boost our exports, and elevate
the emirate into a global hub for
innovative industries and businesses.
In addition, investment in research and
development will play an essential role
in boosting our competitiveness.
It’s also worth noting that we have
seen positive changes over the last
year, including increased collaboration
between the public and private
sectors and the adoption of innovative
strategies, according to the 2nd edition
of the Dubai Innovation Index, which
we recently unveiled.
In addition, major initiatives such as the
Dubai Future Accelerators, have put the
emirate on the map as a global hub for
innovation and smart city solutions.
Going forward, we believe the engines
of new growth will be fueled by the 3 I’s
– innovation, industry and infrastructure
– alongside the key sectors that have
served Dubai well. Dubai Chamber
will support new initiatives that aim
to advance our economy and play an
active role in communicating these
strategies to the private sector.
With the UAE marking 2017 as the
“Year of Giving”, we will also work to
encourage the business community
to become more socially responsible
and promote the spirit of volunteerism.
Through our combined efforts, we
stand to make a much greater impact
that will ultimately advance the
development of our society.
Majid Saif Al Ghurair
Chairman
6 Dubai Chamber Annual Report 2016
"NEW GROWTH WILL
BE FUELLED BY THE
THREE I’s – INNOVATION,
INDUSTRY AND
INFRASTRUCTURE
7
INNOVATION DRIVES
DUBAI'S ECONOMIC
FUNDAMENTALS
“WE ARE COMMITTED TO
ENSURING A FAVOURABLE
BUSINESS ENVIRONMENT
THAT CREATES LONG-
TERM VALUE FOR DUBAI'S
BUSINESS COMMUNITY
AND ALL GLOBAL ENTITIES
THAT SEEK TO BUILD AND
STRENGTHEN BUSINESS
RELATIONS WITH OUR CITY.”
Hamad Buamim
President  Chief Executive Officer
PRESIDENT AND CEO’S MESSAGE
8 Dubai Chamber Annual Report 2016
Dubai Chamber is now one of the
largest membership-based chambers of
commerce in the world, an achievement
that reflects the inspiring growth of
Dubai over the last few decades.
In 2016, we saw 16,800 companies join
the Chamber as new members, bringing
our total membership to 201,000. We
are committed to ensuring a favourable
business environment that creates
long-term value for Dubai's business
community and all global entities that
seek to build and strengthen business
relations with our city.
This mission is at the core of our
new strategy under which we will
strive to become the best chamber
of commerce in the world by 2021
by driving competitiveness and
business growth. Through our strategic
initiatives and events, we will promote
Dubai as an attractive global business
hub and support the growth of the
private sector.
The Chamber has an important role to
play in facilitating this transformation,
which is why we are aiming to become
Dubai’s happiest place to work. We are
also working to achieve institutional
excellence by implementing innovation-
focused strategies and leveraging
smart technologies to strengthen our
competitive advantage.
As a trusted partner to our members
and a bridge between business and
government, we are focused on
boosting Dubai’s global profile as a
leading trade and investment hub that
continues to offer new and exciting
growth opportunities.
Throughout 2016, we worked towards
these ambitions by hosting several
high-profile events that introduced
our members to opportunities in
promising markets. We organised
two Global Business Forums on the
Commonwealth of Independent States
and Latin America for the first time,
which generated a great deal of local
and international interest. The Forums
also served as important platforms for
enhancing economic cooperation and
facilitating new partnerships.
The third Global Islamic Economy
Summit put the spotlight on major
trends reshaping Islamic finance, halal
products and family tourism, and other
fast-growing sectors of the Islamic
economy. By hosting this premier
summit, we were able to cement
Dubai’s position as a capital of the
global Islamic economy, and provide
more clarity on the factors that are
driving its growth.
We have made innovation an essential
part of our strategy, initiatives and
activities, as it will surely be the driving
force of the Fourth Industrial Revolution.
Last year, we launched the second
edition of the Dubai Innovation Index to
encourage the private sector to foster
a culture of innovation. We also invested
in next generation business with the
launch of the Dubai Smartpreneur
Competition and Dubai Startup Hub.
We now look to build on these
achievements and focus our efforts on
new markets and opportunities that
will provide the most potential for our
members and businesses in Dubai. We
are optimistic about the prospects for
2017, and remain confident that we can
achieve great things with the continued
support of Dubai’s leadership, our
partners, and the emirate’s thriving
business community.
Hamad Buamim
President  Chief Executive Officer
9
OVERVIEW OF NEW STRATEGY
6
STRATEGIC INITIATIVES TO
DRIVE STRATEGY EXECUTION
2021
TARGET YEAR FOR
ACHIEVING OBJECTIVES
Promote
DUBAI AS A GLOBAL
BUSINESS HUB
Dubai Chamber has announced a new
customer-oriented strategy to support
its vision of becoming the best chamber
in the world by 2021 by driving
competitiveness and business growth.
The new strategy reinforces the
Chamber’s role as a trusted partner to
Dubai’s business community and a bridge
between business and government.
The strategy is based on Dubai
Chamber’s core values to drive Dubai’s
business competitiveness, foster
business growth, and serve as a
change agent for the economy.
The Chamber has set internal processes
to help implement this strategy based
on 4 key pillars: promote Dubai as an
international business hub that attracts
global businesses and helps them
grow; create a favourable business
environment; support the development
of business in the emirate by fostering
entrepreneurship and innovation; and
excel to become the best chamber of
commerce in the world by 2021.
Underlining this strategy is a commitment
to excel, led by four key enablers. These
enablers are positioning the Chamber to
become Dubai’s happiest place to work,
achieving institutional excellence through
innovation, leveraging smart technology
and data as a competitive advantage,
and diversifying revenue sources and the
sustainable management of resources.
DUBAI CHAMBER HAS
OUTLINED SIX MAJOR
INITIATIVES TO DRIVE
EXECUTION OF ITS
NEW STRATEGY
A NEW STRATEGIC DIRECTION
10 Dubai Chamber Annual Report 2016
Create
A FAVOURABLE BUSINESS
ENVIRONMENT
Support
THE DEVELOPMENT OF
BUSINESS IN DUBAI
Excel
BECOME THE BEST
CHAMBER IN THE WORLD
In addition, six initiatives have been
outlined to execute this strategy,
namely Dubai 2021, Pro Dubai, Business
Voice, Entrepreneurship, Activate Dubai
and Best Chamber, with each of these
including several sub-initiatives and
flagship events.
Dubai Plan 2021 ensures that the
Chamber supports the government
in executing by taking the lead in
transforming the business community,
enabling companies to benefit from
new growth opportunities. Under Pro
Dubai, the Chamber will enhance its
international network and promote Dubai
as an attractive location to establish
commercial ties and businesses.
Business Voice leverages the Chamber’s
relationships and stakeholders to
become the voice of Dubai’s business
community, while Entrepreneurship is
about fostering innovation to create,
sustain and achieve the highest level
of profitability.
Activate Dubai aims to provide the best
and most appropriate services to the
Chamber’s members through strong
engagement and innovation. Lastly,
Best Chamber provides the foundation
to support Dubai Chamber to realise
its vision, and drive performance and
accountability.
11
DUBAI OVERVIEW 2016
Despite global economic challenges, Dubai remained
resilient in 2016. It outperformed other economies in
the region as new strategies were launched with the
aim of further diversifying for the post-oil era.
12 Dubai Chamber Annual Report 2016
DUBAI PLAN 2021 AND
EXPO 2020 ARE EXPECTED
TO FUEL ECONOMIC GROWTH
13
DUBAI OVERVIEW 2016
IN 2016, DUBAI MADE
HEADWAY IN EFFORTS
TO DIVERSIFY AND
ACHIEVE GROWTH
16th
UAE'S GLOBAL
COMPETITIVENESS RANKING
(Source: World Economic Forum)
1st
IN ARAB WORLD FOR EASE
OF DOING BUSINESS (UAE)
(Source: World Bank)
14 Dubai Chamber Annual Report 2016
Trade, tourism, travel and logistics
continued to drive the emirate’s
economic growth in 2016, while
revenue sources were restructured
and broadened.
The total number of tourists in Dubai
reached nearly 15 million in 2016.
The Dubai Plan 2021 and preparations
for Expo 2020 were key factors that
helped fuel infrastructure spending and
expansion. A number of mega projects
came to fruition, such as the Dubai
Canal, and construction work was
launched on The Tower at Dubai Creek
Harbour which, once completed, will be
100 metres taller than Burj Khalifa.
Meanwhile, the UAE maintained its
position as the leading country in the
Arab world in ease of doing business,
according to the World Bank’s latest
Doing Business rankings. The country
also led the region in competitiveness,
climbing one spot from last year to
place 16th on the World Economic
Forum’s Global Competitiveness
Report 2016-2017.
In addition, Dubai was recognised as
the Middle East’s leading smart city,
led by its high-tech infrastructure and
execution of smart initiatives, in the
Gulf States Smart Cities Index report by
global research firm Navigant.
NEW STRATEGIES AND INITIATIVES
The Dubai Industrial Strategy 2030 was
launched by H.H. Sheikh Mohammed bin
Rashid Al Maktoum, UAE Vice President
and Prime Minister, and Ruler of Dubai
to elevate Dubai into a global platform
for knowledge-based, sustainable and
innovation-focused businesses.
The new industrial strategy includes
75 key initiatives aimed at generating
an additional total revenue of AED 160
billion by 2030. It’s expected to create
27,000 jobs in the industrial sector, and
boost exports by AED 16 billion. Six
priority sectors have been identified,
namely aerospace, maritime, aluminium
 fabricated metals, pharmaceuticals 
medical equipment, food  beverages,
and machinery  equipment.
The Dubai 3D Printing Strategy was
launched to position Dubai as a hub
for 3D printing technology. It focuses
on three major sectors, namely
construction, medical products and
consumer products. Around 25% of the
emirate’s buildings are expected to be
3D printed by 2030 under the strategy.
Plans for Dubai Wholesale City were
unveiled which will become the world’s
largest wholesale hub once the project
is completed. The AED 30 billion
development will span over 550 million
square feet and increase the UAE's
share of the global wholesale trade
sector to AED 18 trillion within the
next five years.
DUBAI INDUSTRIAL
STRATEGY 2030
THE FOCUS TURNS TO
KNOWLEDGE, INNOVATION
AND SUSTAINABILITY
15
DUBAI OVERVIEW 2016
In line with the emirate’s aims to
become a hub for innovation and smart
city solutions, the AED 1 billion Dubai
Future Accelerators programme was
launched. The competitive scheme
pairs government departments with
innovative companies to find solutions
to challenges of the 21st century.
TRADE
Trade remained the cornerstone
of Dubai’s economy in 2016 with
non-oil foreign trade amounting to
AED 952 billion in the first nine months
of the year. The total volume of traded
goods rose 11% year-over-year to
70.82 million tonnes of commodities.
Imports were valued at AED 594 billion;
and exports and re-exports reached
AED 109 billion and AED 249 billion,
respectively.
Mobile phones topped the list of
high-value commodities traded with a
value of AED 124 billion, followed by
gold and diamonds which accounted
for trade values of AED 116 billion and
AED 73 billion, respectively.
China was Dubai’s top trading partner
in the first nine months of 2016 with
AED 121 billion worth of bilateral trade
recorded. India came second with
bilateral trade at AED 70.4 billion,
followed by the United States at
AED 64 billion.
Saudi Arabia was Dubai’s fourth largest
trading partner, and the emirate's top
trading partner in the GCC region, with
trade between the two sides reaching
AED 39.4 billion in the same period. In
addition, a 64% increase in trade value
was recorded between Switzerland and
Dubai, bringing bilateral trade to AED
36 billion.
AED121bn
VALUE OF NON-OIL DUBAI-
CHINA TRADE IN FIRST 9
MONTHS OF 2016
11%
YEAR-OVER-YEAR INCREASE
IN TOTAL VOLUME OF
TRADED GOODS
AED952bn
NON-OIL FOREIGN TRADE IN
FIRST 9 MONTHS OF 2016
16 Dubai Chamber Annual Report 2016
FOREIGN INVESTMENT
Dubai once again underlined its
strength in attracting foreign direct
investment (FDI) in 2016. According
to Dubai FDI, the city attracted FDI
valued at AED 17.7 billion in the
first half of 2016. Strengthening the
emirate’s position as a preferred
market for foreign investment is a
major focus of the Dubai Plan 2021,
and collaboration between the public
and private sectors is expected to
enhance FDI in the future by boosting
investor confidence.
In addition, the International Sustainable
Investment Centre was launched at
the second annual Dubai Investment
Forum 2016. The Centre will focus on
developing institutional capacities to
advance sustainability and attract FDI
into sustainability initiatives.
AED313bn
Mobile phones
Gold
Diamonds
Source: Dubai Customs
HIGH VALUE COMMODITIES TRADED
AED17.7bn
FDI RECORDED
IN H1-2016
AED952bn
Imports
Exports
Re-exports
AED 594
billion
AED 109
billion
AED 249
billion
NON-OIL FOREIGN TRADE IN 2016 (UP TO Q3)
AED116billion
AED73billion
AED124billion
Source: Dubai Customs
17
DUBAI OVERVIEW 2016
NEW BUSINESSES
The Department of Economic
Development (DED) in Dubai issued a
record 26,707 new business licences in
2016, signaling rising confidence among
investors and entrepreneurs. Meanwhile,
107,043 licences were renewed, 20,873
initial approvals were issued, and 38,918
trade names were reserved.
The Department’s Business Confidence
Index gained 4.9 points quarter-on-
quarter (QoQ) to reach 122.4 in Q3
of 2016. The increase was attributed
to the improved outlook of large
companies in the emirate and a steady
outlook for SMEs.
According to the index, respondents
from Dubai’s manufacturing sector
were the most optimistic about their
prospects in the fourth quarter of 2016,
while the proportion of respondents
expecting business conditions to
improve rose to 50%. More businesses
revealed plans to invest in technology
upgrades, and capacity expansion
increased in Q3-2016 when compared
to the same quarter last year.
Dubai Chamber grew its global network
of members by 9% year-on-year, or
16,800 new companies in 2016, bringing
total membership to 201,000. The total
value of member exports and re-exports
amounted to AED 273 billion.
107,043 renewed
Trade names reserved
New licences
Initial approvals
BUSINESS LICENCES
26,707
20,873
38,918
Source: Dubai Department of Economic Development
9%
201,000DUBAI CHAMBER TOTAL
MEMBERSHIP
YEAR-ON-YEAR
GROWTH IN
MEMBERSHIP
122.4POINTS
BUSINESS CONFIDENCE
INDEX (INCREASED BY 4.9
POINTS IN Q3, 2016)
260,000
SQUARE METRES OF NEW
RETAIL SPACE IN DUBAI
18 Dubai Chamber Annual Report 2016
RETAIL
Dubai's retail sector added around
260,000 square metres of new space in
2016, according to JLL’s Year In Review
report. The figure marked the highest
volume since 2010, and showed strong
demand from local and international
retailers. Around 20,000 square metres
of retail space in the Dubai Festival
City expansion were completed, while
progress was made on other key
projects, including the second phase
of The Avenue in City Walk and Ibn
Battuta Mall.
Dragon Mart, the largest trading hub
for Chinese products outside China,
was also expanded significantly to
cater to high demand from retailers
and consumers alike. The Dragon Mart
2 extension, estimated to cost AED 1
billion, is nearly double the size of the
original development.
LOGISTICS
Dubai International Airport solidified
its position as the world’s busiest
airport for international passenger
traffic. The airport saw passenger
traffic increase by 7% to 83.6 million in
2016, while cargo volumes amounted
to 2.59 million tonnes, up 3.4%
compared to 2015.
Aircraft movements reached 418,220
during the same period and the $1.2
billion Concourse D was opened,
boosting the airport’s annual capacity
to 90 million passengers. Dubai
International Airport set a new record
by receiving 105,326 passengers in a
single day on New Year’s Eve.
Dubai International Airport is on course
to welcome 118 million passengers by
2023, and Al Maktoum International
Airport at Dubai South is being
expanded to host 26 million by 2017.
Upon completion, Al Maktoum
International Airport will become the
world’s largest airport with an ultimate
capacity of 220 million passengers and
16 million tonnes of cargo per annum.
Momentum continued to build
around Dubai South as a number of
infrastructure contracts were awarded.
The 140 square kilometre multiphase
project is one of the UAE’s largest
under-construction developments. It
will include clustered zones including
Dubai Logistics City (DLC), Commercial
City, Residential City, Aviation City and
the Golf City. The entire Dubai South
development, expected to cost $32
billion, will drive sustainable growth
within the emirate’s aviation, tourism
and logistics sectors.
83.6mn
PASSENGERS WELCOMED
AT DUBAI INTERNATIONAL
AIRPORT IN 2016
19
DUBAI OVERVIEW 2016
TOURISM  HOSPITALITY
The $1 billion Dubai Water Canal
was officially opened, which spans
12-kilometres and connects Dubai
Creek with the Arabian Gulf. Several
new theme parks were opened by
Dubai Parks  Resorts and IMG Worlds
of Adventure, expanding the emirate’s
offerings and strengthening its position
as a leading family entertainment
destination. 2016 witnessed the
opening of the Dubai Opera, a world-
class entertainment venue hosting
some of the most internationally
acclaimed performances.
According to the Dubai Tourism 
Commerce Marketing, Dubai welcomed
14.9 million visitors in 2016, compared
to 14.2 million in 2015, a 5% increase.
India was the top source market with 1.8
million visitors, followed by Saudi Arabia
(1.6 million), and the UK (1.25 million).
Total inventory of hotels and hotel
apartments increased to 102,845
rooms in 2016.
REAL ESTATE
The total amount of real estate
transactions recorded in Dubai
during 2016 exceeded AED 259
billion, according to the Dubai Land
Department. A total of 41,776 sales
transactions valued at AED 103 billion
were accounted for, while 15,000
mortgage deals worth AED 128 billion
were recorded.
UAE nationals topped the list of real
estate investors with total transactions
worth AED 22 billion.
14.9mn
NUMBER OF TOURISTS
WELCOMED IN 2016
INDIA, SAUDI
ARABIA AND
UK WERE TOP
MARKETS FOR
IN-BOUND TOURISM
102,845
HOTEL ROOM INVENTORY
20 Dubai Chamber Annual Report 2016
12,768 GCC nationals contributed AED
35 billion. 3,294 Saudi Arabian investors
made transactions worth AED 8 billion.
Foreign investment in Dubai’s real
estate sector amounted to AED 44
billion from 22,834 investors of 136
nationalities. Indian nationals topped
the list of foreign investors by value and
volume with AED 12 billion worth of
property transactions and 6,263 buyers.
UK investors made transactions worth
AED 5.8 billion.
Dubai witnessed the launch of 134
new real estate projects in 2016 with a
combined development value of AED
100 billion, and an additional 62 projects
were completed during the year. The
buoyancy of the property market was
reflected in the launch of several mega-
developments including Dubai Creek
Harbour, Emaar South, Palm 360 and
Jumeirah Central, among others.
Dubai Land Department recorded
410,000 lease contracts from different
groups across the emirate, and issued
695 licences over the course of the
year. Meanwhile, demand has grown for
other licence categories, including real
estate development, interim real estate
development, and property valuation
services, among others.
134
NEW REAL ESTATE
PROJECTS IN 2016
22,834
FOREIGN INVESTORS FROM 136
NATIONALITIES
AED259bn
REAL ESTATE TRANSACTIONS
RECORDED IN 2016
21
DUBAI CHAMBER OVERVIEW 2016
Membership increased 9% year-over-year to reach
201,000. Over 16,800 new companies joined the Chamber,
cementing its position as one of the world’s largest
membership-based chambers of commerce.
22 Dubai Chamber Annual Report 2016
DUBAI CHAMBER
RECORDED ALL-ROUND
GROWTH IN 2016
23
DUBAI CHAMBER OVERVIEW 2016
The Chamber took part in 78 events
across 50 cities and hosted 681
delegations from 81 countries, which
included a total of 1,525 delegates.
The Chamber’s international offices
conducted 484 meetings throughout
the year.
The value of member exports and re-
exports amounted to AED 273 billion in
2016, and 923,056 Certificates of Origin
were issued during the year. Meanwhile,
5,500 ATA Carnets were issued and
received in the UAE, accounting for a
total value of AED 3.1 billion. The number
of customers served also increased 14%
year-over-year to 377,500.
Two Global Business Forums on the
Commonwealth of Independent States
and Latin American regions were
organised by the Chamber for the first
time, which put the spotlight on new
trade and investment opportunities in
those key markets. Hosted in Dubai, the
high-profile forums attracted more than
1,800 attendees in total.
The 3rd Global Islamic Economy
Summit in Dubai, brought together
policymakers, business leaders and
academics to discuss trends that are
reshaping the global Islamic economy.
DUBAI CHAMBER
GREW ITS MEMBERSHIP
AND BOOSTED ITS
BUSINESS SUPPORT
THROUGH SEVERAL
NEW INITIATIVES
9%
GROWTH IN MEMBERSHIP
16,800
NEW MEMBERS
201,000
TOTAL MEMBERSHIP
24 Dubai Chamber Annual Report 2016
In addition, Dubai hosted the 10th
World Retail Congress for the first time,
cementing the emirate’s position as a
leading global retail hub.
Dubai improved its ranking and claimed
the 15th position on the second edition
of the Dubai Innovation Index, which
the Chamber unveiled during UAE
Innovation Week. The progress was
attributed to an increase in innovation-
focused investments, as well as closer
collaboration between public and
private sectors.
Two new initiatives were launched with
the aim of further developing Dubai’s
entrepreneurial ecosystem. The Dubai
Smartpreneur Competition, launched in
cooperation with Dubai Smart Office,
gives entrepreneurs the opportunity to
become part of Dubai’s transformation
to a global benchmark smart city. Dubai
Startup Hub, launched in partnership
with IBM, established an interactive
platform to connect tech companies,
startups, venture capitalists, investors,
and technology enthusiasts.
Supporting the Smart Dubai vision,
Dubai Chamber launched the Human
Capital Management (HCM) app, its
fifth smart app to date. Previously
launched smart apps, include Mobile
Services, Smart Mediation, Smart
Business and Africa Gateway.
The Dubai Association Centre licensed
16 international associations in 2016,
an increase of 100% compared to the
previous year. The Dubai International
Arbitration Centre received 214
arbitration cases, while the Chamber’s
Legal Services department received
710 mediation cases, bringing the
total number of registered commercial
disputes to 924.
The Centre for Responsible Business
organised 31 events for improving
corporate social responsibility and
sustainability, which were attended by
2,126 delegates from 691 companies.
The 6th annual Give  Gain Day,
organised under the ENGAGE Dubai
programme, saw the participation of
768 volunteers from 26 companies, who
contributed 1,681 hours to community
projects that benefitted 1,300 people.
377,500
TOTAL CUSTOMERS SERVED
14%
INCREASE IN NUMBER OF
CUSTOMERS SERVED
923,056
CERTIFICATES OF ORIGIN
ISSUED
5,500
ATA CARNETS ISSUED
AND RECEIVED
AED273bn
VALUE OF MEMBER EXPORTS
AND RE-EXPORTS
25
POLICY ADVOCACY
ENHANCING THE LEGAL FRAMEWORK
Dubai Chamber’s Technical Legal
Committee held 41 meetings in 2016
where 46 laws were reviewed, up from
42 laws in the previous year.
During the meetings, laws, by-laws,
cabinet and ministerial decisions and
international conventions were analysed
to ensure that regulation supports
the interests of the emirate’s business
community.
Following the meetings, the Chamber’s
Business Advocacy Committee reviewed
the recommendations and its findings
will be submitted to the Supreme
Legislation Committee in Dubai.
The following regulations were
discussed by the Legal Committee
in 2016:
FEDERAL LAWS
• Federal law concerning
Rationalization of Electricity and
Water Consumption in the UAE’s
Buildings and Establishments (2015)
• Federal law regulating Mining
Activities and the Protection of
Mineral Resources in the UAE (2016)
• Federal law related to Financial
Leasing Contracts (2016)
• Federal law related to Selective
Tax (2016)
• Federal law on Anti- Dumping
and Countervailing  Preventive
Measures (2016)	
• Federal law concerning Certificates
of Origin (2016)
• Federal law on Pesticides (2016) 	
CABINET DECISIONS
• Cabinet decision regulating the use
of Coal as a Solid Fuel (2015)
• By-laws of Federal Law No. (23/1999)
regarding Exploitation, Protection
and Development of Living Aquatic
Resources (2015)
• Cabinet decision Encouraging the
use of Environmentally Friendly
Vehicles (2016)
• Cabinet decision amending Cabinet
Decision No. (37/2001) related to By-
Laws of Federal Law No. (24/1999)
and its amendments on Environmental
Protection and Development (2015)
• By-Law of Federal Law No. (11/2015)
Controlling the Trade in Valuable
Stones, Precious Metals and
Hallmarking Procedures (2016)
• Cabinet decision on the UAE's
System for Rating the Quality of the
Meat and Livestock Products (2016)
• Cabinet decision on the Permissible
Limits of Noise (2016)	
• Cabinet decision concerning the
UAE Requirements for Vehicle repair
and Service Centers, Maintenance
facilities (2016)	
• Cabinet decision on Controlling
Textile Products (2016)	
DUBAI CHAMBER
STEPPED UP ITS POLICY
ADVOCACY EFFORTS
41MEETINGS
HELD IN 2016
46LAWS
REVIEWED IN 2016
26 Dubai Chamber Annual Report 2016
• Cabinet decision concerning
Unified Numbers for importers and
exporters in the UAE (2016)
• Cabinet decision concerning
registering Food and Feed and their
Establishments (2016)
DRAFTS OF MINISTERIAL DECISIONS
• Ministerial decision regulating the
Importing and Dealing with living
organisms (2016)
• Ministerial decision regulating
the Import of Wild Botanical and
Species Animal (2016)
• Ministerial decision related to
Coral (2016)
• Ministerial Labour decision No.
(739/2016) regarding the wages
protection
DRAFTS OF DECISIONS BY UAE
AUTHORITIES
• The Board of the Emirates Authority
for Standardization and Metrology’s
By-Law regulating the Legal Metrology
Activities in the State (2015)
• Technical by- law on Minimum Limits
of Energy Consumption Related to
Rotary Water Pumps (2016)
• Car Insurance Policy for Loss and
Damage (2016)
• Car Insurance Policy for Civil
Liability (2016)
• UAE Rules Supervising Auto Spare
Parts (2016)
• Technical Regulations for Safety
Requirements for Child Restraint
Seats (2016)
• The UAE Terrestrial Radio Receiver
Specifications for AM/ FM/
T-DAB+ (2016)
• Emirates Authority for Standardization
and Metrology (EASM) Resolution
on the UAE System to control Juices
and Beverages (2016)
• Emirates Authority for Standardization
and Metrology (EASM) by- law on
Technical Regulations for Industrial
Measurements (2016)
DUBAI LEGISLATION DRAFTS
• Law regarding Civil Establishments
in the Emirate of Dubai (2016) -
(Final draft)
• Amendment of Law No. (23/2009)
regarding Mohammed Bin Rashid
Establishment for Developing Small
and Medium Enterprises (2016)
GCC LEGISLATION DRAFTS
• The unified law and its By-Laws
regarding Food Safety for GCC
Countries (2015)
• Motor Vehicle-e-Call Emergency Calls
Technical Requirements (2016)
DRAFTS OF INTERNATIONAL
CONVENTION/ PROTOCOLS
• International Land Transport
Agreement of Passengers and Goods
between the Government of the UAE
and the Government of the Republic
of Kazakhstan (2016)
• Agreement between the Government
of the UAE and the Governments of
the United States of America, Republic
of Brazil, the Italian Republic, Socialist
Republic of Vietnam, Kingdom of
Spain, Republic of Belarus, Republic
of Indonesia, Republic of Seychelles on
Co-Operation and Mutual Assistance
in Customs Matters (2016)
• Agreement between the Arab
Countries concerning the Transport
of Goods by Road (2016)
• Additional Protocol to the
Convention on the Contract for the
International Carriage of Goods by
(CMR) concerning the Electronic
Consignment Note (2016)
27
LEGAL SUPPORT
STRENGTHENING LEGAL SUPPORT
Dubai Chamber’s Legal Department
received 710 cases in 2016 of which
302 were resolved promptly, marking
a 16% increase when compared to the
number of disputes settled during the
previous year.
The surge reflects Chamber’s important
role as a mediator for the business
community, as well as its ability to
settle disputes in an efficient, cost-
effective and amicable manner.
Throughout the year, the department
responded to 123 queries related to
commercial laws and regulations,
and continued to offer legal services
that enable the seamless operation of
business in the emirate.
The department organised 7 workshops
covering a variety of business matters,
including franchise agreements, the
new Commercial Companies Law, legal
aspects of real estate and managing a
business in Dubai. In addition, a seminar
was held to provide businesses with
more clarity on handling letters of
credit, specifically highlighting how the
process works in international trade.
WE RESOLVED MORE
DISPUTES AND RAISED
AWARENESS ON
LEGAL ISSUES
710
NUMBER OF BUSINESS
CASES RECEIVED
302
NUMBER OF CASES RESOLVED
123
RESPONSES TO LEGAL QUERIES
28 Dubai Chamber Annual Report 2016
WORKSHOPS
• Drafting  Negotiating Successful
Franchise Agreements
• Latest Developments in the UAE
Labour Law
• Navigating the New Commercial
Companies Law: A Practical Guide
• Key Legal Aspects of Real Estate
• Commercial Agencies in the UAE
• Latest Developments in Dubai
Rental Market
• Key Legal Aspect of Managing
Businesses
SEMINAR
• Management of Letter of Credit
Operations: The Exporters and
Importers Perspective
Key legal events in 2016:
29
BUSINESS RESEARCH AND E-COMMERCE
29
MARKET AND BUSINESS
TRENDS REPORTS ISSUED
48
ECONOMIC BULLETINS
PUBLISHED
18,346
INFORMATION SERVICES
PROVIDED
BUSINESS RESEARCH
AND E-COMMERCE
SUPPORT OFFERED
VALUABLE GUIDANCE
TO COMPANIES
INSIGHTS FOR BUSINESS GROWTH
30 Dubai Chamber Annual Report 2016
189,950
e-LIBRARY USERS
Dubai Chamber continued to improve
its market intelligence, economic
research and e-commerce services in
2016, as these resources remain key
pillars for fuelling business growth in
the emirate.
Our economic research department
prepared 29 market intelligence,
sector-specific and business trend
reports throughout the year. More than
590 business reports were issued as
part of our credit rating services.
The department published 48 economic
bulletins and 12 trade and investment
briefs. It also established the Trade 
Pricing Information System to cover
foreign trade and socio-economic
indicators, and market insights were
shared with business groups through
roundtable discussions.
A new agreement was formed with
Alibaba.com to offer Dubai Chamber
members and businesses in the UAE
and Saudi Arabia with a 10% discount
on Gold Membership. This partnership
will open the door for many more
companies that aim to expand their
activities through e-commerce.
The number of e-commerce Trusted
Members registered with the Chamber
reached 350. Over 189,950 users visited
the Chamber’s e-library and 18,346
information services were provided
to members, non-members and
international customers.
31
INNOVATION
15
DUBAI’S RANK ON DUBAI
INNOVATION INDEX 2016
6%
IMPROVEMENT IN
DUBAI PRIVATE SECTOR’S
INNOVATION SCORE
96%
OF RESPONDENTS SAID THEY
BELIEVE THAT INNOVATION IS
IMPORTANT TO SUCCESS
Dubai Chamber unveiled the results of
the 2nd edition of the Dubai Innovation
Index in November 2016 during UAE
Innovation Week.
The survey, launched by the
Chamber in cooperation with
PricewaterhouseCoopers (PWC), saw
Dubai improve its ranking to claim the
15th position, outperforming business
hubs such as Madrid, Milan, Shanghai,
and Moscow.
Stronger participation from Dubai’s
private sector in innovation initiatives
was observed as more businesses
began embracing innovation. The survey
also showed increased collaboration
between public and private sectors on
innovation-focused initiatives.
The survey gathered feedback from
57,000 companies from a wide variety
of sectors in Dubai and revealed that
96% of respondents said they believe
that innovation is important to the
success of their organisations, an
increase of nearly 19% when compared
to the first edition of the index.
DUBAI INNOVATION
INDEX SHOWED
STRONGER PRIVATE
SECTOR PARTICIPATION
FOSTERING INNOVATION
32 Dubai Chamber Annual Report 2016
89%
OF RESPONDENTS SAID SUPPORT
FROM DUBAI’S GOVERNMENT IS
BOOSTING INNOVATION OUTPUT
AED100mn
DUBAI CHAMBER’S INVESTMENT
ON INNOVATION-FOCUSED
INITIATIVES
The number of firms receiving support
for innovation from government
spending increased by over 19%, while
89% respondents said they believed
that support from Dubai’s government
has boosted innovation output.
The overall innovation score for the
emirate’s private sector rose by 6%
year-on-year to 60.51.
In 2015, Dubai Chamber launched
the first Dubai Innovation Index in
collaboration with PwC to support
Dubai’s goal of becoming the smartest
city in the world by 2021 through
enhanced private sector participation.
The survey is an important tool and
resource for measuring progress on
innovation within the emirate’s private
sector, while it also identifies areas
for improvement.
As part of its strategy, Dubai Chamber
aims to stimulate innovation in the
private sector and invest AED 100
million on innovation-focused projects
and initiatives over the next three years.
33
SMART CHAMBER
5
SMART APPS LAUNCHED
TO DATE
HUMAN CAPITAL
MANAGEMENT
Mobile friendly
HR services
MOBILE
SERVICES
Trade documentation 
business services
Supporting the Smart Dubai vision,
Dubai Chamber continued to expand
its range of smart applications
that aim to improve efficiency and
facilitate greater ease of doing
business in the emirate.
In 2016, the Chamber launched the
Human Capital Management (HCM) app
which provides Human Resources (HR)
services to employees at the click of a
button from their hand-held devices.
Through the app, employees can apply
for services including submission of
leave request, salary certificate, and
checking leave balance; and also allows
users to track status of requests from
their mobile phones.
HCM is the fifth Smart App from
Dubai Chamber. Others are the Mobile
Services, Smart Mediation, Smart
Business and Africa Gateway apps.
These solutions have seen a strong
uptick in the number of downloads and
have also helped the Chamber improve
the quality and efficiency of its services.
The Mobile Services app has special
features such as requests for Electronic
Certificates of Origin; searching the
Dubai Commercial Directory; applying
for ATA Carnet and Credit Rating
services; and an online service payment
facility, to name a few.
The Smart Mediation App, which
is the first-of-its-kind in the region,
allows applicants to submit their
mediation requests along with relevant
documents, and make payments. It is in
Arabic and English, user-friendly, and
fast. It also has the option to track new
and previous applications and obtain
status reports. Mediation in business
disputes is a concept that is becoming
increasingly popular across the
Middle East, especially in Dubai. This
alternate dispute resolution method
assists parties in reaching a mutually
satisfactory agreement.
The Smart Business application enables
users to network and connect with
Dubai’s business community through
various features, online business
profiles, and the ability to search for
potential business partners.
DUBAI CHAMBER
ENHANCES ITS RANGE
OF SMART BUSINESS
APPLICATIONS
SMARTER BUSINESS SOLUTIONS
34 Dubai Chamber Annual Report 2016
SMART
BUSINESS
Business matching
services
SMART
MEDIATION
Dispute resolution
services
AFRICA
GATEWAY
Intelligence on 10 African
countries
The Africa Gateway app supports
our drive to promote Dubai as the
gateway to the world. Launched as
a facilitator of business at our Africa
Global Business Forum in 2015, the app
provides invaluable insight on economy,
trade, political outlook, overall business
environment and foreign investment,
for 10 key markets on the continent, for
businesses that want to expand to that
region. It is also rich with case studies
of businesses in the UAE that have set
up operations in Africa.
The above-mentioned apps are
available for download on iTunes and
Google Play stores.
35
INTERNATIONAL OFFICES
IN 2016, WE OPENED NEW OFFICES IN CHINA, MOZAMBIQUE,
AND KENYA. FUTURE PLANS FOR OFFICES IN BRAZIL, NIGERIA
AND INDIA WILL FURTHER STRENGTHEN THE CHAMBER'S
OUTREACH AND ENGAGE LOCAL BUSINESS COMMUNITIES.
2
	Azerbaijan
1	Baku
	Brazil
2	 São Paulo
	China
3	Shanghai
	Ethiopia
4	 Addis Ababa
	Ghana
5	Accra
	India
6	Mumbai
	Iraq
7	Erbil
	Mozambique
8	Maputo
	Nigeria
9	Abuja
	Kenya
10	Nairobi
36 Dubai Chamber Annual Report 2016
484
MEETINGS HELD
20
EVENTS AND OUTBOUND
MISSIONS
7
INTERNATIONAL OFFICES
1
7
5
9
10
8
4
6
3
Existing offices
Future offices
37
DUBAI CHAMBER GLOBAL BUSINESS FORUMS
2
GLOBAL BUSINESS FORUMS
ORGANISED IN 2016
1,000+
PARTICIPANTS ATTENDED CIS
GLOBAL BUSINESS FORUM
800+
PARTICIPANTS ATTENDED
GLOBAL BUSINESS FORUM
ON LATIN AMERICA
DUBAI CHAMBER
CONTINUED ITS GLOBAL
BUSINESS FORUM SERIES
AND PUT THE SPOTLIGHT
ON THE CIS AND LATIN
AMERICA REGIONS
EXPLORING NEW MARKETS
38 Dubai Chamber Annual Report 2016
Dubai Chamber organised two high-
profile conferences in 2016 focusing
on the Commonwealth of Independent
States (CIS) and Latin American
regions for the first time.
The forums, which aimed to explore
new trade and investment opportunities
in these two regions, saw a very strong
turnout and generated a great deal of
interest within business communities
in the UAE and abroad.
Held in Dubai under the theme,
“Ancient Routes – New Opportunities”,
the inaugural CIS Global Business
Forum brought together more than
1,000 delegates from 50 countries.
The forum underlined the success of
the UAE’s economic diversification
strategies and aligned such efforts
with new opportunities opening up
in CIS countries.
More than 100 bilateral meetings
were held during the two-day event,
in addition to thought-provoking
discussions which focused on
expanding trade and economic links
between the UAE and the CIS region.
The Forum also highlighted the need
for both sides to promote innovation
and leverage advanced technologies to
establish the New Silk Road.
The inaugural Global Business
Forum on Latin America, held in the
emirate under the theme “Shifting
Synergies”, served as a platform for
exploring mutual areas of economic
cooperation between the GCC and
Latin American countries.
Over 800 specialists, experts, decision
makers, and business leaders from 32
countries attended the Global Business
Forum on Latin America. A total of
120 meetings and 19 specialised panel
discussions were held during the
two-day forum, featuring 32 speakers,
including two former presidents, and
10 ministers.
Over the years, the Global Business
Forum series has expanded to become
a premier platform to promote Dubai
as a gateway to the world. Initiated
in 2013, the series supports Dubai
Chamber’s international expansion
strategy, as well as its aim to position
the emirate as an attractive trade and
investment destination.
220+
BILATERAL MEETINGS HELD
DURING THE FORUMS
39
GLOBAL ISLAMIC ECONOMY SUMMIT
$3trillion
ESTIMATED VALUE OF ISLAMIC
FINANCE MARKET IN 2020
(Source: Thomson Reuters)
$1.9trillion
VALUE OF SPENDING BY
MUSLIM CONSUMERS IN 2015
3,000+
DELEGATES ATTENDED GIES 2016
The third edition of the Global
Islamic Economy Summit (GIES) was
organised by Dubai Chamber and the
Dubai Islamic Economy Development
Centre (DIEDC), with Thomson Reuters
serving as a strategic partner.
Held in Dubai under the theme
“Inspiring Change”, the high-profile
forum bolstered Dubai’s bid to become
the global capital of the Islamic
economy. The two-day conference was
attended by more than 3,000 delegates,
including policymakers, business
leaders, industry experts, and specialists
from various sectors of the economy,
as well as academics from some of the
world’s largest universities.
During the summit, new challenges
and opportunities were highlighted
within the fast-growing Islamic finance
industry, which is projected to reach
$3 trillion by 2020.
GIES 2016 featured six key sessions
covering global trends reshaping
the Islamic economy, and the Islamic
finance sector in particular. Other
sessions delved into the role of startups
in driving the Islamic economy, in
addition to top trends impacting halal
food and tourism sectors.
THIRD GLOBAL
ISLAMIC ECONOMY
SUMMIT HIGHLIGHTED
NEW TRENDS AND
OPPORTUNITIES
GROWING THE GLOBAL ISLAMIC ECONOMY
40 Dubai Chamber Annual Report 2016
Ahead of GIES, the State of the Global
Islamic Economy Report and Global
Islamic Economy Indicator were
launched. Based on a survey of 172
industry leaders, the report revealed
that the value of spending by Muslim
consumers amounted to $1.9 trillion in
2015, while Islamic finance assets were
valued at $2 trillion in the same year.
His Highness Sheikh Hamdan bin
Mohammed bin Rashid Al Maktoum,
Crown Prince of Dubai and General
Supervisor of DIEDC, launched the
My Salaam portal and mobile app on
the sidelines of the summit. The portal
and app aim to digitise sectors of the
Islamic economy, empower businesses,
and provide convenience to consumers.
41
OUTBOUND DELEGATIONS
IN 2016, DUBAI CHAMBER'S DELEGATIONS VISITED
34 COUNTRIES AND 50 CITIES, STRENGTHENING
DUBAI'S POSITION AS A GLOBAL BUSINESS HUB
	Algeria	
1.	Algiers
	Azerbaijan
2.	Baku
	Bahrain
3.	Manama
	Belgium
4.	Brussels
	Botswana
5.	Gaborone
	Brazil
6.	 Sao Paolo
	Bulgaria
7.	Sofia
	China
8.	Shanghai
9. 	 Chengdu
10. 	Hong Kong
11. 	 Hangzhou
	Egypt
12.	Cairo
	Ethiopia
13.	 Addis Ababa
	France
14.	Paris
	Georgia
15.	Tbilisi
	Germany
16.	Hamburg
	Ghana
17.	Accra
	India
18.	Mumbai
	Italy
19.	Rome
	Jordan
20.	Amman
	Kazakhstan
21.	Astana
22. 	Aktau
	Kenya
23.	Nairobi
	 Korea (South)
24.	Seoul
	Kuwait
25.	 Kuwait City
	Mozambique
26.	Maputo
27. 	Beira
28. 	Nampula
	Netherlands
29.	Rotterdam
30. 	Amsterdam
31. 	Hague
	Oman
32.	Muscat
33. 	Sohar
	Philippines
34.	Cebu
	
4749
48
6
	Qatar
35.	Doha
	Russia
36.	Moscow
37 	Saint Petersburg
	 Saudi Arabia
38.	Jeddah
39. 	Khobar
40. Riyadh
	 South Africa
41.	Johannesburg
42. 	Cape Town
	Spain
43.	Madrid
44. Barcelona
	Sweden
45.	Stockholm
	 United Kingdom
46.	London
	 United States
47.	Washington
48. 	Salt Lake City, Utah
49. 	San Francisco
	Uzbekistan
50.	Tashkent
42 Dubai Chamber Annual Report 2016
34
COUNTRIES VISITED
50
CITIES VISITED
78
EVENTS ATTENDED
1
43
44
2
21
50
36
37
2215
8
24
34
9
11
7
19
4
16
45
2930
31
17
14
46
5
3
35
32
33
25
38
39
40
18
13
23
26
41
42
27
28
12 20
10
43
Algeria
Argentina
Armenia
Australia
Austria
Azerbaijan
Belarus
Belgium
Brazil
Bulgaria
Canada
China
Colombia
Costa Rice
Cote d'Ivoire
Cyprus
Djibouti
Dominican
Ecuador
Equatorial Guinea
Egypt
Ethiopia
Finland
France
Germany
Ghana
Greece
Hong Kong
Hungary
India
Indonesia
Ireland
Italy
Japan
Jordan
Kazakhstan
Kenya
Korea
KSA
Kurdistan
Kyrgyzstan
Latvia
Lebanon
Luxembourg
Malaysia
Mexico
Mozambique
Nepal
Netherlands
New Zealand
Panama
Pakistan
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Russia
Sierra Leone
Singapore
Slovenia
Somalia
South Sudan
Spain
Sri Lanka
Sudan
Sweden
Switzerland
Tajikistan
Tanzania
Thailand
Turkey
Turkmenistan
Uganda
UK
Ukraine
Uruguay
USA
Vietnam
INBOUND DELEGATIONS
DUBAI CHAMBER WELCOMED 681
DELEGATIONS FROM 81 NATIONS IN 2016.
44 Dubai Chamber Annual Report 2016
INTERNATIONAL DELEGATIONS AND MEETINGS
681
DELEGATIONS RECEIVED
1,525
DELEGATES ATTENDED
MEETINGS
80
COUNTRIES REPRESENTED BY
VISITING DELEGATIONS
45
COMMUNITY
CREATING SOCIAL IMPACT
DUBAI CHAMBER
INCREASED ITS
COMMITMENT TO
CORPORATE SOCIAL
RESPONSIBILITY
THROUGH A VARIETY
OF INITIATIVES
34,205
INDIVIDUALS BENEFITTED
40.6%
STAFF VOLUNTEERED
24
COMMUNITY INITIATIVES
SUPPORTED
Dubai Chamber staff participate in Dubai Holding vertical marathon to support Al Jalila Foundation
46 Dubai Chamber Annual Report 2016
Dubai Chamber supported 24
community initiatives and 33
community organisations in 2016,
benefitting over 34,000 individuals.
More than 40% of our staff
volunteered for various events and
programmes throughout the year.
Supporting the UAE’s Year of Reading
Initiative, employees took part in a
week-long Knowledge Camp, while
many volunteered their time by reading
to students at local schools. The
Chamber launched The Social Coin, a
pay-it-forward challenge, in which 63
staff members participated and carried
out 757 acts of kindness.
Chamber staff participated in
several other campaigns and events,
including Zayed Humanitarian Day,
Dubai Municipality’s Car Free Day,
DEWA’s Earth Hour and Dubai Land
Department’s Why do you keep it?
charity campaign, among others.
Dubai Chamber donated 6.22% of its
total revenue in cash and kind towards
community initiatives. This included its
ongoing support to the University of
Dubai, an initiative of Dubai Chamber,
which opened a new state-of-the-art
campus in Dubai Academic City that
achieved LEED Gold certification.
As part of the Chamber’s efforts to
enhance the health of its staff, their
families and the broader community,
the Sehhati Wellness Programme was
organised for a third year. It saw 23%
of staff maintaining an active lifestyle
by walking around 10,000 steps per
day. In addition, the Chamber won the
prestigious Daman Corporate Health
Award for best Health and Wellness
Initiative in 2016.
6.22%
REVENUE GIVEN TO
COMMUNITY INITIATIVES
33
COMMUNITY ORGANISATIONS
SUPPORTED
47
HUMAN RESOURCES
55%
EMIRATISATION
200+
EMPLOYEES BENEFITTED FROM
PROGRAMMES
97
TRAINING AND AWARENESS
PROGRAMMES
Investing in employee development
remained a key priority for Dubai
Chamber in 2016, as its Human
Resources Department conducted 97
training and awareness programmes
during the year, benefitting over
200 staff.
Among the organised events was the
Knowledge Camp, which aimed to instill
a culture of reading among employees.
The week-long camp fell in line with
the Chamber’s annual development
plan and strategy to improve employee
teamwork through an innovative and
interactive approach.
The Chamber hired new Emirati
employees, bringing total Emiratisation
to 55% by the end of the year.
Meanwhile, the total number of
nationalities working at the Chamber
reached 28.
Dubai Chamber’s global recruitment
system was customised, enabling
the HR department to seamlessly
manage all aspects of the recruitment
process, including sourcing, screening,
selecting, and hiring. As a result, the
department enhanced its operational
efficiency and productivity by using a
single smart system.
WE FOCUSED ON
BOOSTING EMPLOYEES’
SKILL SETS THROUGH
INNOVATIVE INITIATIVES
AND SOLUTIONS
DRIVING EMPLOYEE DEVELOPMENT
48 Dubai Chamber Annual Report 2016
28
NATIONALITIES REPRESENTED
BY STAFF
The Employee Performance
Management system was redesigned to
include strategic growth development
plans set by staff. The system provides
end-to-end talent management in a
single platform, in addition to tools
designed to evaluate performance
against set goals.
Dubai Chamber also implemented the
Oracle Talent Management Cloud that
enabled the HR department to shift
away from administrative tasks and
take on more strategic activities to
support employee development.
49
2016 INITIATIVES
Dubai Chamber introduced several strategic initiatives
in 2016 to strengthen the capabilities of the business
community and foster a culture of excellence, innovation,
sustainability and entrepreneurship.
50 Dubai Chamber Annual Report 2016
Stock image
BUILDING A SMART,
INNOVATIVE AND
SUSTAINABLE BUSINESS
ECOSYSTEM
51
MOHAMMED BIN RASHID AL MAKTOUM BUSINESS AWARDS
273
NUMBER OF APPLICANTS TO
AWARD PROGRAMMES
12%
PARTICIPATION FROM
OTHER GCC COUNTRIES
1,400+
APPLICANTS SINCE LAUNCH
OF AWARD PROGRAMMES
The 9th Cycle of the Mohammed Bin
Rashid Al Maktoum (MRM) Business
Award and the 1st Cycle of the
Mohammed Bin Rashid Al Maktoum
Business Innovation Award attracted
273 applicants in total.
The assessment phase was completed
in the last quarter of 2016, and the
awards were presented in early 2017
at a prestigious ceremony in Dubai.
The applicants were evaluated for their
organisational performance in areas
such as leadership, strategy, workforce,
talent management and innovation,
among other metrics.
Celebrating the success of organisations
that contribute to sustainable
development, the 9th Cycle of the
MRM Business Award covered seven
categories, namely finance, services,
construction, trade, re-export, transport
 logistics, and manufacturing.
Participants from other GCC countries
accounted for 12% of all applicants.
Launched in cooperation with the UAE
Ministry of Economy, the MRM Business
Innovation Award builds a culture
of innovation by helping companies
transform their business models to
meet current and future challenges.
THE 9TH CYCLE OF
THE MRM BUSINESS
AWARD AND THE
1ST CYCLE OF MRM
BUSINESS INNOVATION
AWARD SAW STRONG
PARTICIPATION
FOSTERING EXCELLENCE AND INNOVATION
52 Dubai Chamber Annual Report 2016
6
ORGANISED BY
DUBAI CHAMBER
3
ORGANISED BY
DUBAI CHAMBER
3
ORGANISED BY
DUBAI CHAMBER
TRAINING SESSIONS BEST PRACTICES SEMINARS ROUNDTABLE DISCUSSIONS
As part of the programme, Dubai
Chamber organised 6 training sessions,
3 best practices seminars, 3 roundtable
discussions, and an international
seminar for participants and the local
business community.
Over 1,400 businesses have applied
to the award programmes since
their launch, while more than 120
organisations have been recognised
for their outstanding achievements.
53
ENTREPRENEURSHIP: TEJAR DUBAI
DEVELOPING ENTREPRENEURIAL POTENTIAL
TEJAR DUBAI
HELPED EMIRATI
ENTREPRENEURS TAKE
THEIR FIRST STEPS INTO
THE BUSINESS WORLD
25
TOTAL NUMBER OF PROJECTS
LAUNCHED TO DATE
9
NEW COMMERCIAL PROJECTS
LAUNCHED IN 2016
AED10mn
PROVIDED IN FUNDING TO
BUSINESSES TO DATE
54 Dubai Chamber Annual Report 2016
Tejar Dubai stepped up its efforts to
support new businesses launched by
young Emirati entrepreneurs through
a variety of initiatives in 2016.
The programme received 28 business
ideas over the course of the year,
of which 14 were approved by a panel
of judges.
A total of 56 participants were enrolled
in the programme in 2016 and 9
commercial projects were launched
during the same period. A total of 20
workshops and training sessions were
organised to develop entrepreneurial
and managerial skills, which attracted
around 800 participants.
Since its establishment in 2013, Tejar
Dubai has attracted 220 participants
and launched a total of 25 businesses.
The programme has also facilitated
AED 10 million worth of funding
for commercial projects through
partnerships and agreements with
banks and financial institutions.
Launched by Dubai Chamber, Tejar
Dubai is a programme designed for
Emirati youth to help them establish
their own small-to-medium-sized
businesses. It provides them access
to classroom learning, on-site
training, mentoring, business advice
and investment capital, as well as
networking opportunities with local
and international business leaders.
55
DUBAI STARTUP HUB  SMARTPRENEUR COMPETITION
EMPOWERING ENTREPRENEURS
NEW INITIATIVES
LAUNCHED TO
SUPPORT STARTUPS
AND ENTREPRENEURS
350
ENTRIES RECEIVED FOR DUBAI
SMARTPRENEUR COMPETITION
60
IDEAS SUBMITTED BY UAE
PARTICIPANTS OF DUBAI
SMARTPRENEUR COMPETITION
444
STARTUPS REGISTERED ON
DUBAI STARTUP HUB
56 Dubai Chamber Annual Report 2016
Developing Dubai’s entrepreneurial
ecosystem through innovative
programmes and initiatives remained
a top priority for Dubai Chamber
in 2016.
The Chamber launched two new
initiatives to scale up its efforts in this
area, namely the Dubai Smartpreneur
Competition and Dubai Startup Hub.
Organised in collaboration with
Smart Dubai, the Dubai Smartpreneur
Competition gives participants the
opportunity to be part of a mission
to create happiness by embracing
technology innovation, while it also
supports the emirate’s transformation
to a global smart city.
The competition received 350 entries
out of which 60 creative ideas were
submitted by UAE-based participants.
Ten ideas were shortlisted and 3
winners were given cash prizes and
the opportunity to join the Tejar
Dubai entrepreneurship development
programme.
Dubai Startup Hub, a joint initiative
of Dubai Chamber and IBM, was
launched under the umbrella of Smart
Dubai as an online platform to connect
startups, venture capitalists and
technology enthusiasts and facilitate
new partnerships.
The interactive hub, the first of its kind
in the MENA region, is the result of
a unique public-private partnership.
The portal had 444 listed startups,
9 incubators, 112 workspaces and 3
investors registered by the end of 2016.
57
DUBAI BUSINESS WOMEN COUNCIL
SUPPORTING A FAST-GROWING NETWORK
In 2016, the Dubai Business Women
Council (DBWC) saw its network grow
43% year-over-year to 500 members,
while it supported 50 events over the
course of the year.
The council conducted 32 workshops
covering a wide range of business
matters, including customer service,
traditional and digital marketing. The
main objective of the workshops was
to develop the skills of business owners
and SMEs in particular, enabling them
to boost their competitiveness.
Marking International Women’s Day,
DBWC joined hands with the University
of Wollongong to host the Pledge
for Parity Forum in Dubai. The forum
offered an ideal platform to discuss
gender parity and new ideas to create
inclusive work cultures.
In addition, DBWC hosted 3 high-profile
delegations from the European Union,
Germany and Turkey to facilitate and
promote trade, while it also led
its first business women delegation
to Serbia.
DUBAI BUSINESS
WOMEN COUNCIL
STRENGTHENED GLOBAL
PARTNERSHIPS AND
SCALED UP SUPPORT
FOR ENTREPRENEURS
43%
GROWTH IN MEMBERSHIP
YEAR-ON-YEAR
50
NUMBER OF EVENTS
SUPPORTED
500
NUMBER OF MEMBERS
58 Dubai Chamber Annual Report 2016
59
DUBAI ASSOCIATION CENTRE
ATTRACTING GLOBAL ASSOCIATIONS TO DUBAI
Dubai Association Centre (DAC)
licensed 16 new international
associations in Dubai during 2016,
bringing the total number of global
associations licensed in the emirate
to 32 by year-end.
This figure marked a 100% increase
when compared to the total number
of licensed associations in 2015.
Established by Dubai Chamber,
Dubai Business Events (under the
Department of Tourism and Commerce
Marketing), and Dubai World Trade
Centre, DAC promotes Dubai as a
hub for global associations looking
to expand their footprint in the Middle
East and North Africa.
Key activities included a number
of “Going Global” seminars, which
hosted high-level delegates from
the London-based Association
Network and the American Society
of Association Executives (ASAE).
The events highlighted the benefits
and opportunities associated with
operating in Dubai, as well as the
emirate’s capabilities as a host city
for international congresses.
DUBAI ASSOCIATION
CENTRE PROMOTED
DUBAI AS AN IDEAL
HUB FOR GLOBAL
ASSOCIATIONS
16
NEW LICENCES IN 2016
32
TOTAL NUMBER OF LICENSED
INTERNATIONAL ASSOCIATIONS
100%
INCREASE IN THE NUMBER
OF GLOBAL ASSOCIATIONS
REGISTERED
60 Dubai Chamber Annual Report 2016
DAC participated in the ASAE Great
Ideas Conference in Hong Kong and
held 35 meetings with representatives
of international associations based in
Asia and North America.
Associations licensed by DAC operate
in a wide variety of sectors, including
healthcare, transport, engineering,
advertising, franchising, shipping,
facilities management, construction,
and retail, among others.
61
CENTRE FOR RESPONSIBLE BUSINESS
24
NEW CORPORATE MEMBERS
JOINED ENGAGE DUBAI
PROGRAMME
58
SUSTAINABILITY NETWORK
MEMBERS
31
EVENTS ORGANISED
Dubai Chamber’s Centre for
Responsible Business (CRB) organised
31 events in 2016 that focused
on improving corporate social
responsibility and sustainability within
the emirate’s business community.
These events were attended by 2,126
delegates from 691 companies.
Among the high-profile events was
the 2016 Dubai Dialogue Sustainability
Matters Conference. The forum
gathered industry experts and business
leaders from around the world to
discuss how companies can drive
sustainable change through innovative
strategies, solutions, and partnerships.
The Dubai Chamber Sustainability
Network had a total of 58 members by
the end of the year that were assigned
to seven task groups, while it also
hosted 19 events attended by 398
participants.
The Chamber’s ENGAGE Dubai
programme attracted 24 new
corporate members and 5 new
Community Partners. The initiative
brings together businesses and
community organisations with the aim
of facilitating employee engagement
within local communities.
The 6th annual Give  Gain Day was
organised by the Centre to promote
a culture of volunteerism. Over
768 volunteers from 26 companies
contributed 1,681 hours to various
community projects that benefitted
1,300 people.
A total of 66 businesses applied for
the Dubai Chamber CSR Label in
2016, which is recognised as a mark of
excellence in CSR activities. In addition,
2,572 hours of advisory services were
provided to 181 companies during the
year, marking a 32% increase over 2015.
THE CENTRE FOR
RESPONSIBLE BUSINESS
STRENGTHENED
ITS SUSTAINABILITY
AND VOLUNTEERING
EFFORTS
PROMOTING CSR BEST PRACTICES
62 Dubai Chamber Annual Report 2016
66
DUBAI CHAMBER CSR LABEL
APPLICANTS
2,572
TOTAL HOURS OF ADVISORY
SERVICES PROVIDED
63
DUBAI INTERNATIONAL ARBITRATION CENTRE
427
LISTED ARBITRATORS
214
CASES REGISTERED
170
CASES RESOLVED
THE CENTRE SAW
AN INCREASE IN THE
NUMBER OF RESOLVED
DISPUTES
IMPROVING COMMERCIAL ARBITRATION
64 Dubai Chamber Annual Report 2016
The Dubai International Arbitration
Centre (DIAC), an initiative of Dubai
Chamber, registered 214 cases in 2016,
of which 170 were resolved between
January and December, marking a
13% increase compared to the same
period in 2015.
The number of Listed Arbitrators
registered with DIAC grew to 427,
while the number of Listed Experts
reached 88 during the same period.
During the year, 30 meetings and
hearings were held.
DIAC added 22 new Associate Members
in 2016, while the number of members
that joined the centre’s DIAC40/Young
Practitioners Group reached 256.
The Centre organised and took part
in 23 events, including 5 international
conventions, and 18 local events. Key
events included the opening of DIAC’s
office in Dubai International Financial
Centre (DIFC), and the signing of an
MoU to promote mutual co-operation
with DIFC on enforcing DIAC awards.
Events organised in Dubai included the
Trends and Practices in Construction
Disputes Resolutions conference and
an open dialogue session covering the
evolution of arbitration in the Arab
world as part of Dubai Arbitration
Week. In addition, the DIAC 40 Young
Practitioners Group hosted a series
of workshops.
DIAC participated in the Qatar
Chamber Conference and the MENA
Young Arbitrators Conference, which
featured thought-provoking sessions
covering a wide variety of timely issues
impacting arbitration in the region.
In addition, the Centre organised
business lunches in Shanghai and Seoul,
as well as meetings in Washington DC
attended by the Centre’s executive
committee. The Centre also hosted
delegates from the International
Dispute Resolution Institute, Bahrain
Chamber of Commerce  Industry, and
Shandong Province.
23
LOCAL AND INTERNATIONAL
EVENTS ATTENDED/ORGANISED
65
UNIVERSITY OF DUBAI
RAISING STANDARDS IN HIGHER EDUCATION
An initiative of Dubai Chamber, the
University of Dubai (UD) strengthened
its reputation as a leading educational
centre with the opening of its new
state-of-the-art campus in Dubai
Academic City.
The launch was a major step towards
the advancement of the university and
higher education in Dubai.
The university established the Faculty
of Engineering and Information
Technology, and adopted a five-year
strategic plan to support its mission
to become one of the best universities
in the Arab world.
A scholarship programme for
outstanding students was launched
at UD, while the university hosted a
successful job fair that welcomed over
1,500 students and young professionals.
UD Alumni Association’s second
Annual Charity Gala Sohour raised
AED 400,000 to support students
facing financial difficulties, and the 7th
Annual Homecoming welcomed over
300 UD alumni.
By the end of 2016, the total number of
students enrolled at UD reached 660,
including 256 Emiratis, and 32 doctoral
students in Business Administration.
THE UNIVERSITY
OF DUBAI MARKED
A NUMBER OF
MILESTONES AND SET
NEW TARGETS IN 2016
660
TOTAL NUMBER OF STUDENTS
ENROLLED
256
EMIRATI STUDENTS ENROLLED
32
PHD STUDENTS ENROLLED
(BUSINESS ADMINISTRATION)
66 Dubai Chamber Annual Report 2016
67
DUBAI CHAMBER
PHOTO GALLERY 2016
A visual overview of the various activities and
initiatives undertaken by Dubai Chamber during
2016, as well as snapshots of visits by international
dignitaries and delegations.
68 Dubai Chamber Annual Report 2016
FOSTERING GLOBAL
PARTNERSHIPS,
STRENGTHENING
TRADE TIES
69
DUBAI CHAMBER PHOTO GALLERY 2016
Dubai Chamber delegation meets
Kenyan President HE Uhuru Kenyatta
during Kenya trade mission
Dubai Chamber in cooperation with Dubai Islamic Economy Development Centre and
Thomson Reuters organised the 3rd Global Islamic Economy Summit
4th Islamic Economy Award ceremony
During the visit of Argentina’s Vice President, HE Gabriela Michetti
Dubai Chamber wins Best Result in Customer Satisfaction and Innovative Idea Awards at the Dubai Government Excellence Program
70 Dubai Chamber Annual Report 2016
Visit of New Zealand Minister of Trade HE Todd McClay
During the visit of Equatorial Guinea President HE Teodoro Obiang
Nguema Mbasogo
During UAE-Mexico Business Forum attended by HE Enrique Peña
Nieto, President of Mexico
Azerbaijan President HE Ilham Aliyer received Dubai Chamber's
Chairman in Baku
HE Troels Lund Poulsen, Danish Minister of Business and Growth,
at Dubai-Denmark Maritime Symposium
Minister in the office of Prime Minister of Malta, and Minister of
Competitiveness and Digital, Maritime and Services Economy,
during their visit to Dubai Chamber
71
DUBAI CHAMBER PHOTO GALLERY 2016
HE Ahmed Aboutaleb, Mayor, City of Rotterdam at the Dubai-
Rotterdam Business Forum
Flemish Minister for Work, Economy, Innovation  Sport,
HE Philippe Muyters and his delegation at a business meeting
at Dubai Chamber
During the visit of Greece Minister of Tourism, HE Elena Kountoura
Dubai Chamber organised the Diplomatic Circle Dinner for
ambassadors and members of Arab and international diplomatic
corps in the UAE
Dubai Chamber in cooperation with Hamburg Chamber
of Commerce organised 5th Dubai-Hamburg Business
Forum in Dubai
UAE-Slovenia seminar, attended by UAE Minister of Economy
HE Sultan Bin Saeed Al Mansouri and Slovenian Minister of
Development and Technology, HE Zdravko Pocivalsek
72 Dubai Chamber Annual Report 2016
Dubai Chamber organised the inaugural Global Business Forum on Latin America under the theme 'Shifting Synergies,' attended by heads
of state, ministers, executives and international experts (Top right: former president of Mexico Vicente Fox)
Dubai Chamber organised the first edition of the Commonwealth of Independent States Global Business Forum under the theme ‘Ancient
Routes - New Opportunities’
Dubai Chamber, in partnership with Majid Al Futtaim, hosted the 10th World Retail Congress in Dubai for the first time
73
DUBAI CHAMBER PHOTO GALLERY 2016
Dubai Chamber and other business entities signed MoUs with Dubai Airport Freezone Authority during the launch of 'The Big Conversation'
initiative
HE Majid Al Ghurair, Chairman, Dubai Chamber, officially opened a
new representative office in Nairobi, Kenya
Dubai Chamber signs two MoUs with Hungarian Chamber of
Commerce and Hungarian National Trading House
Emirates Post Group issued commemorative stamps marking
Dubai Chamber’s 50th anniversary
MoU signing with Dubai Customs to implement 'Risk Engine' at
Dubai Chamber
74 Dubai Chamber Annual Report 2016
HE Hamad Buamim, President and CEO, Dubai Chamber, won CEO
Middle East's International Achievement Award for his contribution
to expansion of Dubai businesses into international markets
Dubai Chamber participated in Dubai Week in China and
announced its opening of new representative office in Shanghai
Dubai Chamber presented CSR label to 21 companies HE Majid Al Ghurair, Chairman, Dubai Chamber, at the opening of
the Chamber's new representative office in Maputo, Mozambique
Going Global: Creating a Common Language seminar by Dubai
Association Centre was attended by American Society of
Association Executives members
HE Hamad Buamim during Hamburg Summit 2016 that highlighted
impact of China’s economic transformation on global trade
75
DUBAI CHAMBER PHOTO GALLERY 2016
During Dubai Chamber’s celebration to mark 45th UAE National Day
Dubai Chamber presented gifts to dhow sailors to mark Zayed
Humanitarian Work Day
Dubai Chamber coordinated a record 285 bilateral meetings
between EU and Dubai-based businesses on the sidelines of
a European delegation visit
During the launch of Dubai Startup Hub in cooperation with IBM
Dubai Chamber hosted of the 20th sessions of Dubai International
Holy Quran Award
Dubai Chamber joined “My Family Reads” initiative launched by
Mohammed bin Rashid Al Maktoum Foundation
76 Dubai Chamber Annual Report 2016
Dubai Chamber - Annual Report 2016
Dubai Chamber of Commerce  Industry
PO Box 1457, Dubai, United Arab Emirates
Telephone +971 4 2280 000
Facsimile +971 4 2211 646
www.dubaichamber.com
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Dubai Chamber - Annual Report 2016

  • 1. A N N U A L R E P O R T / 2 0 1 6 The Innovation Paradigm
  • 3. TABLE OF CONTENTS 02 Board members 26 Policy Advocacy 40 Global Islamic Economy Summit 04 Vision and strategic objectives 28 Legal support 42 Outbound delegations 06 Chairman’s message 30 Business research and e-commerce 44 Inbound delegations 08 President and CEO's message 32 Innovation 46 Community 10 Overview of our new strategy 34 Smart Chamber 48 Human resources 12 Dubai overview 2016 36 International Offices 50 Dubai Chamber initiatives 22 Dubai Chamber overview 2016 38 Global Business Forums 68 Photo gallery 1
  • 4. BOARD MEMBERS Majid Saif Al Ghurair Chairman Majid Hamad Rahama Al Shamsi 1st Vice Chairman Hisham Abdullah Al Shirawi 2nd Vice Chairman Abdul Jalil Yousuf Darwish Treasurer Helal Saeed Al Marri Vice Treasurer Raja Easa Saleh Al Gurg Member of the Executive Committee Yahiya Saeed Bin Ahmed Lootah Member of the Executive Committee H.E. Obaid Humaid Al Tayer Member of the Board Amna Kalfan Al Jallaf Member of the Board Ebrahim Ahmed Al Abbas Member of the Board Dr. Ahmed Saif Belhasa Member of the Board Buti Saeed Al Ghandi Member of the Board 2 Dubai Chamber Annual Report 2016
  • 5. Rashid Humaid Ali Al Mazroei Member of the Board Shehab Mohamad Gargash Member of the Board Sofia Abdulla Saleh Member of the Board Abdulla Saeed Juma Al Naboodah Member of the Board Abdul Hamied Ahmad Seddiqi Member of the Board Essa Abdulla Al Ghurair Member of the Board Ali Abdullah Al Shafar Member of the Board Omar Abdullah Al Futtaim Member of the Board Faisal Juma Kalfan Belhoul Member of the Board Faiza Alsayed M.Y.AlHashemi Member of the Board Hani Rashid Bin Rashid Al Yateem Member of the Board 3
  • 6. VISION AND STRATEGIC OBJECTIVES VISION To be the best Chamber in the world MISSION Represent, support and protect the interests of the business community in Dubai 4 Dubai Chamber Annual Report 2016
  • 7. STRATEGIC OBJECTIVES Create a favourable business environment. Promote Dubai as an international business hub. Support the development of business. Achieve institutional excellence and efficient management of resources. 5
  • 8. CHAIRMAN’S MESSAGE THE 2030 DUBAI INDUSTRIAL STRATEGY WILL CREATE THOUSANDS OF NEW JOBS, SIGNIFICANTLY BOOST OUR EXPORTS, AND ELEVATE THE EMIRATE INTO A GLOBAL HUB FOR INNOVATIVE INDUSTRIES AND BUSINESSES. Majid Saif Al Ghurair Chairman Despite global economic challenges, Dubai remained resilient in 2016 as robust activity within its trade, logistics, aviation and tourism sectors continued to fuel growth and investor confidence. Preparations for Expo 2020 served as a catalyst for expansion and foreign direct investment with a number of mega projects progressing across the emirate. Dubai’s ability to shield itself from a global slowdown is the direct result of the forward-looking vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, which is centred on the emirate’s ambitious diversification policies under the Dubai Plan 2021. Over the last year, we have learned a lot more about the objectives of the UAE’s post-oil strategy, which puts a stronger emphasis on building a knowledge- based economy that fosters innovation. As we take our diversification efforts to the next level, we see huge potential for Dubai and the UAE to build up capacities in new areas. The 2030 Dubai Industrial Strategy will create thousands of new jobs, significantly boost our exports, and elevate the emirate into a global hub for innovative industries and businesses. In addition, investment in research and development will play an essential role in boosting our competitiveness. It’s also worth noting that we have seen positive changes over the last year, including increased collaboration between the public and private sectors and the adoption of innovative strategies, according to the 2nd edition of the Dubai Innovation Index, which we recently unveiled. In addition, major initiatives such as the Dubai Future Accelerators, have put the emirate on the map as a global hub for innovation and smart city solutions. Going forward, we believe the engines of new growth will be fueled by the 3 I’s – innovation, industry and infrastructure – alongside the key sectors that have served Dubai well. Dubai Chamber will support new initiatives that aim to advance our economy and play an active role in communicating these strategies to the private sector. With the UAE marking 2017 as the “Year of Giving”, we will also work to encourage the business community to become more socially responsible and promote the spirit of volunteerism. Through our combined efforts, we stand to make a much greater impact that will ultimately advance the development of our society. Majid Saif Al Ghurair Chairman 6 Dubai Chamber Annual Report 2016
  • 9. "NEW GROWTH WILL BE FUELLED BY THE THREE I’s – INNOVATION, INDUSTRY AND INFRASTRUCTURE 7
  • 10. INNOVATION DRIVES DUBAI'S ECONOMIC FUNDAMENTALS “WE ARE COMMITTED TO ENSURING A FAVOURABLE BUSINESS ENVIRONMENT THAT CREATES LONG- TERM VALUE FOR DUBAI'S BUSINESS COMMUNITY AND ALL GLOBAL ENTITIES THAT SEEK TO BUILD AND STRENGTHEN BUSINESS RELATIONS WITH OUR CITY.” Hamad Buamim President Chief Executive Officer PRESIDENT AND CEO’S MESSAGE 8 Dubai Chamber Annual Report 2016
  • 11. Dubai Chamber is now one of the largest membership-based chambers of commerce in the world, an achievement that reflects the inspiring growth of Dubai over the last few decades. In 2016, we saw 16,800 companies join the Chamber as new members, bringing our total membership to 201,000. We are committed to ensuring a favourable business environment that creates long-term value for Dubai's business community and all global entities that seek to build and strengthen business relations with our city. This mission is at the core of our new strategy under which we will strive to become the best chamber of commerce in the world by 2021 by driving competitiveness and business growth. Through our strategic initiatives and events, we will promote Dubai as an attractive global business hub and support the growth of the private sector. The Chamber has an important role to play in facilitating this transformation, which is why we are aiming to become Dubai’s happiest place to work. We are also working to achieve institutional excellence by implementing innovation- focused strategies and leveraging smart technologies to strengthen our competitive advantage. As a trusted partner to our members and a bridge between business and government, we are focused on boosting Dubai’s global profile as a leading trade and investment hub that continues to offer new and exciting growth opportunities. Throughout 2016, we worked towards these ambitions by hosting several high-profile events that introduced our members to opportunities in promising markets. We organised two Global Business Forums on the Commonwealth of Independent States and Latin America for the first time, which generated a great deal of local and international interest. The Forums also served as important platforms for enhancing economic cooperation and facilitating new partnerships. The third Global Islamic Economy Summit put the spotlight on major trends reshaping Islamic finance, halal products and family tourism, and other fast-growing sectors of the Islamic economy. By hosting this premier summit, we were able to cement Dubai’s position as a capital of the global Islamic economy, and provide more clarity on the factors that are driving its growth. We have made innovation an essential part of our strategy, initiatives and activities, as it will surely be the driving force of the Fourth Industrial Revolution. Last year, we launched the second edition of the Dubai Innovation Index to encourage the private sector to foster a culture of innovation. We also invested in next generation business with the launch of the Dubai Smartpreneur Competition and Dubai Startup Hub. We now look to build on these achievements and focus our efforts on new markets and opportunities that will provide the most potential for our members and businesses in Dubai. We are optimistic about the prospects for 2017, and remain confident that we can achieve great things with the continued support of Dubai’s leadership, our partners, and the emirate’s thriving business community. Hamad Buamim President Chief Executive Officer 9
  • 12. OVERVIEW OF NEW STRATEGY 6 STRATEGIC INITIATIVES TO DRIVE STRATEGY EXECUTION 2021 TARGET YEAR FOR ACHIEVING OBJECTIVES Promote DUBAI AS A GLOBAL BUSINESS HUB Dubai Chamber has announced a new customer-oriented strategy to support its vision of becoming the best chamber in the world by 2021 by driving competitiveness and business growth. The new strategy reinforces the Chamber’s role as a trusted partner to Dubai’s business community and a bridge between business and government. The strategy is based on Dubai Chamber’s core values to drive Dubai’s business competitiveness, foster business growth, and serve as a change agent for the economy. The Chamber has set internal processes to help implement this strategy based on 4 key pillars: promote Dubai as an international business hub that attracts global businesses and helps them grow; create a favourable business environment; support the development of business in the emirate by fostering entrepreneurship and innovation; and excel to become the best chamber of commerce in the world by 2021. Underlining this strategy is a commitment to excel, led by four key enablers. These enablers are positioning the Chamber to become Dubai’s happiest place to work, achieving institutional excellence through innovation, leveraging smart technology and data as a competitive advantage, and diversifying revenue sources and the sustainable management of resources. DUBAI CHAMBER HAS OUTLINED SIX MAJOR INITIATIVES TO DRIVE EXECUTION OF ITS NEW STRATEGY A NEW STRATEGIC DIRECTION 10 Dubai Chamber Annual Report 2016
  • 13. Create A FAVOURABLE BUSINESS ENVIRONMENT Support THE DEVELOPMENT OF BUSINESS IN DUBAI Excel BECOME THE BEST CHAMBER IN THE WORLD In addition, six initiatives have been outlined to execute this strategy, namely Dubai 2021, Pro Dubai, Business Voice, Entrepreneurship, Activate Dubai and Best Chamber, with each of these including several sub-initiatives and flagship events. Dubai Plan 2021 ensures that the Chamber supports the government in executing by taking the lead in transforming the business community, enabling companies to benefit from new growth opportunities. Under Pro Dubai, the Chamber will enhance its international network and promote Dubai as an attractive location to establish commercial ties and businesses. Business Voice leverages the Chamber’s relationships and stakeholders to become the voice of Dubai’s business community, while Entrepreneurship is about fostering innovation to create, sustain and achieve the highest level of profitability. Activate Dubai aims to provide the best and most appropriate services to the Chamber’s members through strong engagement and innovation. Lastly, Best Chamber provides the foundation to support Dubai Chamber to realise its vision, and drive performance and accountability. 11
  • 14. DUBAI OVERVIEW 2016 Despite global economic challenges, Dubai remained resilient in 2016. It outperformed other economies in the region as new strategies were launched with the aim of further diversifying for the post-oil era. 12 Dubai Chamber Annual Report 2016
  • 15. DUBAI PLAN 2021 AND EXPO 2020 ARE EXPECTED TO FUEL ECONOMIC GROWTH 13
  • 16. DUBAI OVERVIEW 2016 IN 2016, DUBAI MADE HEADWAY IN EFFORTS TO DIVERSIFY AND ACHIEVE GROWTH 16th UAE'S GLOBAL COMPETITIVENESS RANKING (Source: World Economic Forum) 1st IN ARAB WORLD FOR EASE OF DOING BUSINESS (UAE) (Source: World Bank) 14 Dubai Chamber Annual Report 2016
  • 17. Trade, tourism, travel and logistics continued to drive the emirate’s economic growth in 2016, while revenue sources were restructured and broadened. The total number of tourists in Dubai reached nearly 15 million in 2016. The Dubai Plan 2021 and preparations for Expo 2020 were key factors that helped fuel infrastructure spending and expansion. A number of mega projects came to fruition, such as the Dubai Canal, and construction work was launched on The Tower at Dubai Creek Harbour which, once completed, will be 100 metres taller than Burj Khalifa. Meanwhile, the UAE maintained its position as the leading country in the Arab world in ease of doing business, according to the World Bank’s latest Doing Business rankings. The country also led the region in competitiveness, climbing one spot from last year to place 16th on the World Economic Forum’s Global Competitiveness Report 2016-2017. In addition, Dubai was recognised as the Middle East’s leading smart city, led by its high-tech infrastructure and execution of smart initiatives, in the Gulf States Smart Cities Index report by global research firm Navigant. NEW STRATEGIES AND INITIATIVES The Dubai Industrial Strategy 2030 was launched by H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister, and Ruler of Dubai to elevate Dubai into a global platform for knowledge-based, sustainable and innovation-focused businesses. The new industrial strategy includes 75 key initiatives aimed at generating an additional total revenue of AED 160 billion by 2030. It’s expected to create 27,000 jobs in the industrial sector, and boost exports by AED 16 billion. Six priority sectors have been identified, namely aerospace, maritime, aluminium fabricated metals, pharmaceuticals medical equipment, food beverages, and machinery equipment. The Dubai 3D Printing Strategy was launched to position Dubai as a hub for 3D printing technology. It focuses on three major sectors, namely construction, medical products and consumer products. Around 25% of the emirate’s buildings are expected to be 3D printed by 2030 under the strategy. Plans for Dubai Wholesale City were unveiled which will become the world’s largest wholesale hub once the project is completed. The AED 30 billion development will span over 550 million square feet and increase the UAE's share of the global wholesale trade sector to AED 18 trillion within the next five years. DUBAI INDUSTRIAL STRATEGY 2030 THE FOCUS TURNS TO KNOWLEDGE, INNOVATION AND SUSTAINABILITY 15
  • 18. DUBAI OVERVIEW 2016 In line with the emirate’s aims to become a hub for innovation and smart city solutions, the AED 1 billion Dubai Future Accelerators programme was launched. The competitive scheme pairs government departments with innovative companies to find solutions to challenges of the 21st century. TRADE Trade remained the cornerstone of Dubai’s economy in 2016 with non-oil foreign trade amounting to AED 952 billion in the first nine months of the year. The total volume of traded goods rose 11% year-over-year to 70.82 million tonnes of commodities. Imports were valued at AED 594 billion; and exports and re-exports reached AED 109 billion and AED 249 billion, respectively. Mobile phones topped the list of high-value commodities traded with a value of AED 124 billion, followed by gold and diamonds which accounted for trade values of AED 116 billion and AED 73 billion, respectively. China was Dubai’s top trading partner in the first nine months of 2016 with AED 121 billion worth of bilateral trade recorded. India came second with bilateral trade at AED 70.4 billion, followed by the United States at AED 64 billion. Saudi Arabia was Dubai’s fourth largest trading partner, and the emirate's top trading partner in the GCC region, with trade between the two sides reaching AED 39.4 billion in the same period. In addition, a 64% increase in trade value was recorded between Switzerland and Dubai, bringing bilateral trade to AED 36 billion. AED121bn VALUE OF NON-OIL DUBAI- CHINA TRADE IN FIRST 9 MONTHS OF 2016 11% YEAR-OVER-YEAR INCREASE IN TOTAL VOLUME OF TRADED GOODS AED952bn NON-OIL FOREIGN TRADE IN FIRST 9 MONTHS OF 2016 16 Dubai Chamber Annual Report 2016
  • 19. FOREIGN INVESTMENT Dubai once again underlined its strength in attracting foreign direct investment (FDI) in 2016. According to Dubai FDI, the city attracted FDI valued at AED 17.7 billion in the first half of 2016. Strengthening the emirate’s position as a preferred market for foreign investment is a major focus of the Dubai Plan 2021, and collaboration between the public and private sectors is expected to enhance FDI in the future by boosting investor confidence. In addition, the International Sustainable Investment Centre was launched at the second annual Dubai Investment Forum 2016. The Centre will focus on developing institutional capacities to advance sustainability and attract FDI into sustainability initiatives. AED313bn Mobile phones Gold Diamonds Source: Dubai Customs HIGH VALUE COMMODITIES TRADED AED17.7bn FDI RECORDED IN H1-2016 AED952bn Imports Exports Re-exports AED 594 billion AED 109 billion AED 249 billion NON-OIL FOREIGN TRADE IN 2016 (UP TO Q3) AED116billion AED73billion AED124billion Source: Dubai Customs 17
  • 20. DUBAI OVERVIEW 2016 NEW BUSINESSES The Department of Economic Development (DED) in Dubai issued a record 26,707 new business licences in 2016, signaling rising confidence among investors and entrepreneurs. Meanwhile, 107,043 licences were renewed, 20,873 initial approvals were issued, and 38,918 trade names were reserved. The Department’s Business Confidence Index gained 4.9 points quarter-on- quarter (QoQ) to reach 122.4 in Q3 of 2016. The increase was attributed to the improved outlook of large companies in the emirate and a steady outlook for SMEs. According to the index, respondents from Dubai’s manufacturing sector were the most optimistic about their prospects in the fourth quarter of 2016, while the proportion of respondents expecting business conditions to improve rose to 50%. More businesses revealed plans to invest in technology upgrades, and capacity expansion increased in Q3-2016 when compared to the same quarter last year. Dubai Chamber grew its global network of members by 9% year-on-year, or 16,800 new companies in 2016, bringing total membership to 201,000. The total value of member exports and re-exports amounted to AED 273 billion. 107,043 renewed Trade names reserved New licences Initial approvals BUSINESS LICENCES 26,707 20,873 38,918 Source: Dubai Department of Economic Development 9% 201,000DUBAI CHAMBER TOTAL MEMBERSHIP YEAR-ON-YEAR GROWTH IN MEMBERSHIP 122.4POINTS BUSINESS CONFIDENCE INDEX (INCREASED BY 4.9 POINTS IN Q3, 2016) 260,000 SQUARE METRES OF NEW RETAIL SPACE IN DUBAI 18 Dubai Chamber Annual Report 2016
  • 21. RETAIL Dubai's retail sector added around 260,000 square metres of new space in 2016, according to JLL’s Year In Review report. The figure marked the highest volume since 2010, and showed strong demand from local and international retailers. Around 20,000 square metres of retail space in the Dubai Festival City expansion were completed, while progress was made on other key projects, including the second phase of The Avenue in City Walk and Ibn Battuta Mall. Dragon Mart, the largest trading hub for Chinese products outside China, was also expanded significantly to cater to high demand from retailers and consumers alike. The Dragon Mart 2 extension, estimated to cost AED 1 billion, is nearly double the size of the original development. LOGISTICS Dubai International Airport solidified its position as the world’s busiest airport for international passenger traffic. The airport saw passenger traffic increase by 7% to 83.6 million in 2016, while cargo volumes amounted to 2.59 million tonnes, up 3.4% compared to 2015. Aircraft movements reached 418,220 during the same period and the $1.2 billion Concourse D was opened, boosting the airport’s annual capacity to 90 million passengers. Dubai International Airport set a new record by receiving 105,326 passengers in a single day on New Year’s Eve. Dubai International Airport is on course to welcome 118 million passengers by 2023, and Al Maktoum International Airport at Dubai South is being expanded to host 26 million by 2017. Upon completion, Al Maktoum International Airport will become the world’s largest airport with an ultimate capacity of 220 million passengers and 16 million tonnes of cargo per annum. Momentum continued to build around Dubai South as a number of infrastructure contracts were awarded. The 140 square kilometre multiphase project is one of the UAE’s largest under-construction developments. It will include clustered zones including Dubai Logistics City (DLC), Commercial City, Residential City, Aviation City and the Golf City. The entire Dubai South development, expected to cost $32 billion, will drive sustainable growth within the emirate’s aviation, tourism and logistics sectors. 83.6mn PASSENGERS WELCOMED AT DUBAI INTERNATIONAL AIRPORT IN 2016 19
  • 22. DUBAI OVERVIEW 2016 TOURISM HOSPITALITY The $1 billion Dubai Water Canal was officially opened, which spans 12-kilometres and connects Dubai Creek with the Arabian Gulf. Several new theme parks were opened by Dubai Parks Resorts and IMG Worlds of Adventure, expanding the emirate’s offerings and strengthening its position as a leading family entertainment destination. 2016 witnessed the opening of the Dubai Opera, a world- class entertainment venue hosting some of the most internationally acclaimed performances. According to the Dubai Tourism Commerce Marketing, Dubai welcomed 14.9 million visitors in 2016, compared to 14.2 million in 2015, a 5% increase. India was the top source market with 1.8 million visitors, followed by Saudi Arabia (1.6 million), and the UK (1.25 million). Total inventory of hotels and hotel apartments increased to 102,845 rooms in 2016. REAL ESTATE The total amount of real estate transactions recorded in Dubai during 2016 exceeded AED 259 billion, according to the Dubai Land Department. A total of 41,776 sales transactions valued at AED 103 billion were accounted for, while 15,000 mortgage deals worth AED 128 billion were recorded. UAE nationals topped the list of real estate investors with total transactions worth AED 22 billion. 14.9mn NUMBER OF TOURISTS WELCOMED IN 2016 INDIA, SAUDI ARABIA AND UK WERE TOP MARKETS FOR IN-BOUND TOURISM 102,845 HOTEL ROOM INVENTORY 20 Dubai Chamber Annual Report 2016
  • 23. 12,768 GCC nationals contributed AED 35 billion. 3,294 Saudi Arabian investors made transactions worth AED 8 billion. Foreign investment in Dubai’s real estate sector amounted to AED 44 billion from 22,834 investors of 136 nationalities. Indian nationals topped the list of foreign investors by value and volume with AED 12 billion worth of property transactions and 6,263 buyers. UK investors made transactions worth AED 5.8 billion. Dubai witnessed the launch of 134 new real estate projects in 2016 with a combined development value of AED 100 billion, and an additional 62 projects were completed during the year. The buoyancy of the property market was reflected in the launch of several mega- developments including Dubai Creek Harbour, Emaar South, Palm 360 and Jumeirah Central, among others. Dubai Land Department recorded 410,000 lease contracts from different groups across the emirate, and issued 695 licences over the course of the year. Meanwhile, demand has grown for other licence categories, including real estate development, interim real estate development, and property valuation services, among others. 134 NEW REAL ESTATE PROJECTS IN 2016 22,834 FOREIGN INVESTORS FROM 136 NATIONALITIES AED259bn REAL ESTATE TRANSACTIONS RECORDED IN 2016 21
  • 24. DUBAI CHAMBER OVERVIEW 2016 Membership increased 9% year-over-year to reach 201,000. Over 16,800 new companies joined the Chamber, cementing its position as one of the world’s largest membership-based chambers of commerce. 22 Dubai Chamber Annual Report 2016
  • 26. DUBAI CHAMBER OVERVIEW 2016 The Chamber took part in 78 events across 50 cities and hosted 681 delegations from 81 countries, which included a total of 1,525 delegates. The Chamber’s international offices conducted 484 meetings throughout the year. The value of member exports and re- exports amounted to AED 273 billion in 2016, and 923,056 Certificates of Origin were issued during the year. Meanwhile, 5,500 ATA Carnets were issued and received in the UAE, accounting for a total value of AED 3.1 billion. The number of customers served also increased 14% year-over-year to 377,500. Two Global Business Forums on the Commonwealth of Independent States and Latin American regions were organised by the Chamber for the first time, which put the spotlight on new trade and investment opportunities in those key markets. Hosted in Dubai, the high-profile forums attracted more than 1,800 attendees in total. The 3rd Global Islamic Economy Summit in Dubai, brought together policymakers, business leaders and academics to discuss trends that are reshaping the global Islamic economy. DUBAI CHAMBER GREW ITS MEMBERSHIP AND BOOSTED ITS BUSINESS SUPPORT THROUGH SEVERAL NEW INITIATIVES 9% GROWTH IN MEMBERSHIP 16,800 NEW MEMBERS 201,000 TOTAL MEMBERSHIP 24 Dubai Chamber Annual Report 2016
  • 27. In addition, Dubai hosted the 10th World Retail Congress for the first time, cementing the emirate’s position as a leading global retail hub. Dubai improved its ranking and claimed the 15th position on the second edition of the Dubai Innovation Index, which the Chamber unveiled during UAE Innovation Week. The progress was attributed to an increase in innovation- focused investments, as well as closer collaboration between public and private sectors. Two new initiatives were launched with the aim of further developing Dubai’s entrepreneurial ecosystem. The Dubai Smartpreneur Competition, launched in cooperation with Dubai Smart Office, gives entrepreneurs the opportunity to become part of Dubai’s transformation to a global benchmark smart city. Dubai Startup Hub, launched in partnership with IBM, established an interactive platform to connect tech companies, startups, venture capitalists, investors, and technology enthusiasts. Supporting the Smart Dubai vision, Dubai Chamber launched the Human Capital Management (HCM) app, its fifth smart app to date. Previously launched smart apps, include Mobile Services, Smart Mediation, Smart Business and Africa Gateway. The Dubai Association Centre licensed 16 international associations in 2016, an increase of 100% compared to the previous year. The Dubai International Arbitration Centre received 214 arbitration cases, while the Chamber’s Legal Services department received 710 mediation cases, bringing the total number of registered commercial disputes to 924. The Centre for Responsible Business organised 31 events for improving corporate social responsibility and sustainability, which were attended by 2,126 delegates from 691 companies. The 6th annual Give Gain Day, organised under the ENGAGE Dubai programme, saw the participation of 768 volunteers from 26 companies, who contributed 1,681 hours to community projects that benefitted 1,300 people. 377,500 TOTAL CUSTOMERS SERVED 14% INCREASE IN NUMBER OF CUSTOMERS SERVED 923,056 CERTIFICATES OF ORIGIN ISSUED 5,500 ATA CARNETS ISSUED AND RECEIVED AED273bn VALUE OF MEMBER EXPORTS AND RE-EXPORTS 25
  • 28. POLICY ADVOCACY ENHANCING THE LEGAL FRAMEWORK Dubai Chamber’s Technical Legal Committee held 41 meetings in 2016 where 46 laws were reviewed, up from 42 laws in the previous year. During the meetings, laws, by-laws, cabinet and ministerial decisions and international conventions were analysed to ensure that regulation supports the interests of the emirate’s business community. Following the meetings, the Chamber’s Business Advocacy Committee reviewed the recommendations and its findings will be submitted to the Supreme Legislation Committee in Dubai. The following regulations were discussed by the Legal Committee in 2016: FEDERAL LAWS • Federal law concerning Rationalization of Electricity and Water Consumption in the UAE’s Buildings and Establishments (2015) • Federal law regulating Mining Activities and the Protection of Mineral Resources in the UAE (2016) • Federal law related to Financial Leasing Contracts (2016) • Federal law related to Selective Tax (2016) • Federal law on Anti- Dumping and Countervailing Preventive Measures (2016) • Federal law concerning Certificates of Origin (2016) • Federal law on Pesticides (2016) CABINET DECISIONS • Cabinet decision regulating the use of Coal as a Solid Fuel (2015) • By-laws of Federal Law No. (23/1999) regarding Exploitation, Protection and Development of Living Aquatic Resources (2015) • Cabinet decision Encouraging the use of Environmentally Friendly Vehicles (2016) • Cabinet decision amending Cabinet Decision No. (37/2001) related to By- Laws of Federal Law No. (24/1999) and its amendments on Environmental Protection and Development (2015) • By-Law of Federal Law No. (11/2015) Controlling the Trade in Valuable Stones, Precious Metals and Hallmarking Procedures (2016) • Cabinet decision on the UAE's System for Rating the Quality of the Meat and Livestock Products (2016) • Cabinet decision on the Permissible Limits of Noise (2016) • Cabinet decision concerning the UAE Requirements for Vehicle repair and Service Centers, Maintenance facilities (2016) • Cabinet decision on Controlling Textile Products (2016) DUBAI CHAMBER STEPPED UP ITS POLICY ADVOCACY EFFORTS 41MEETINGS HELD IN 2016 46LAWS REVIEWED IN 2016 26 Dubai Chamber Annual Report 2016
  • 29. • Cabinet decision concerning Unified Numbers for importers and exporters in the UAE (2016) • Cabinet decision concerning registering Food and Feed and their Establishments (2016) DRAFTS OF MINISTERIAL DECISIONS • Ministerial decision regulating the Importing and Dealing with living organisms (2016) • Ministerial decision regulating the Import of Wild Botanical and Species Animal (2016) • Ministerial decision related to Coral (2016) • Ministerial Labour decision No. (739/2016) regarding the wages protection DRAFTS OF DECISIONS BY UAE AUTHORITIES • The Board of the Emirates Authority for Standardization and Metrology’s By-Law regulating the Legal Metrology Activities in the State (2015) • Technical by- law on Minimum Limits of Energy Consumption Related to Rotary Water Pumps (2016) • Car Insurance Policy for Loss and Damage (2016) • Car Insurance Policy for Civil Liability (2016) • UAE Rules Supervising Auto Spare Parts (2016) • Technical Regulations for Safety Requirements for Child Restraint Seats (2016) • The UAE Terrestrial Radio Receiver Specifications for AM/ FM/ T-DAB+ (2016) • Emirates Authority for Standardization and Metrology (EASM) Resolution on the UAE System to control Juices and Beverages (2016) • Emirates Authority for Standardization and Metrology (EASM) by- law on Technical Regulations for Industrial Measurements (2016) DUBAI LEGISLATION DRAFTS • Law regarding Civil Establishments in the Emirate of Dubai (2016) - (Final draft) • Amendment of Law No. (23/2009) regarding Mohammed Bin Rashid Establishment for Developing Small and Medium Enterprises (2016) GCC LEGISLATION DRAFTS • The unified law and its By-Laws regarding Food Safety for GCC Countries (2015) • Motor Vehicle-e-Call Emergency Calls Technical Requirements (2016) DRAFTS OF INTERNATIONAL CONVENTION/ PROTOCOLS • International Land Transport Agreement of Passengers and Goods between the Government of the UAE and the Government of the Republic of Kazakhstan (2016) • Agreement between the Government of the UAE and the Governments of the United States of America, Republic of Brazil, the Italian Republic, Socialist Republic of Vietnam, Kingdom of Spain, Republic of Belarus, Republic of Indonesia, Republic of Seychelles on Co-Operation and Mutual Assistance in Customs Matters (2016) • Agreement between the Arab Countries concerning the Transport of Goods by Road (2016) • Additional Protocol to the Convention on the Contract for the International Carriage of Goods by (CMR) concerning the Electronic Consignment Note (2016) 27
  • 30. LEGAL SUPPORT STRENGTHENING LEGAL SUPPORT Dubai Chamber’s Legal Department received 710 cases in 2016 of which 302 were resolved promptly, marking a 16% increase when compared to the number of disputes settled during the previous year. The surge reflects Chamber’s important role as a mediator for the business community, as well as its ability to settle disputes in an efficient, cost- effective and amicable manner. Throughout the year, the department responded to 123 queries related to commercial laws and regulations, and continued to offer legal services that enable the seamless operation of business in the emirate. The department organised 7 workshops covering a variety of business matters, including franchise agreements, the new Commercial Companies Law, legal aspects of real estate and managing a business in Dubai. In addition, a seminar was held to provide businesses with more clarity on handling letters of credit, specifically highlighting how the process works in international trade. WE RESOLVED MORE DISPUTES AND RAISED AWARENESS ON LEGAL ISSUES 710 NUMBER OF BUSINESS CASES RECEIVED 302 NUMBER OF CASES RESOLVED 123 RESPONSES TO LEGAL QUERIES 28 Dubai Chamber Annual Report 2016
  • 31. WORKSHOPS • Drafting Negotiating Successful Franchise Agreements • Latest Developments in the UAE Labour Law • Navigating the New Commercial Companies Law: A Practical Guide • Key Legal Aspects of Real Estate • Commercial Agencies in the UAE • Latest Developments in Dubai Rental Market • Key Legal Aspect of Managing Businesses SEMINAR • Management of Letter of Credit Operations: The Exporters and Importers Perspective Key legal events in 2016: 29
  • 32. BUSINESS RESEARCH AND E-COMMERCE 29 MARKET AND BUSINESS TRENDS REPORTS ISSUED 48 ECONOMIC BULLETINS PUBLISHED 18,346 INFORMATION SERVICES PROVIDED BUSINESS RESEARCH AND E-COMMERCE SUPPORT OFFERED VALUABLE GUIDANCE TO COMPANIES INSIGHTS FOR BUSINESS GROWTH 30 Dubai Chamber Annual Report 2016
  • 33. 189,950 e-LIBRARY USERS Dubai Chamber continued to improve its market intelligence, economic research and e-commerce services in 2016, as these resources remain key pillars for fuelling business growth in the emirate. Our economic research department prepared 29 market intelligence, sector-specific and business trend reports throughout the year. More than 590 business reports were issued as part of our credit rating services. The department published 48 economic bulletins and 12 trade and investment briefs. It also established the Trade Pricing Information System to cover foreign trade and socio-economic indicators, and market insights were shared with business groups through roundtable discussions. A new agreement was formed with Alibaba.com to offer Dubai Chamber members and businesses in the UAE and Saudi Arabia with a 10% discount on Gold Membership. This partnership will open the door for many more companies that aim to expand their activities through e-commerce. The number of e-commerce Trusted Members registered with the Chamber reached 350. Over 189,950 users visited the Chamber’s e-library and 18,346 information services were provided to members, non-members and international customers. 31
  • 34. INNOVATION 15 DUBAI’S RANK ON DUBAI INNOVATION INDEX 2016 6% IMPROVEMENT IN DUBAI PRIVATE SECTOR’S INNOVATION SCORE 96% OF RESPONDENTS SAID THEY BELIEVE THAT INNOVATION IS IMPORTANT TO SUCCESS Dubai Chamber unveiled the results of the 2nd edition of the Dubai Innovation Index in November 2016 during UAE Innovation Week. The survey, launched by the Chamber in cooperation with PricewaterhouseCoopers (PWC), saw Dubai improve its ranking to claim the 15th position, outperforming business hubs such as Madrid, Milan, Shanghai, and Moscow. Stronger participation from Dubai’s private sector in innovation initiatives was observed as more businesses began embracing innovation. The survey also showed increased collaboration between public and private sectors on innovation-focused initiatives. The survey gathered feedback from 57,000 companies from a wide variety of sectors in Dubai and revealed that 96% of respondents said they believe that innovation is important to the success of their organisations, an increase of nearly 19% when compared to the first edition of the index. DUBAI INNOVATION INDEX SHOWED STRONGER PRIVATE SECTOR PARTICIPATION FOSTERING INNOVATION 32 Dubai Chamber Annual Report 2016
  • 35. 89% OF RESPONDENTS SAID SUPPORT FROM DUBAI’S GOVERNMENT IS BOOSTING INNOVATION OUTPUT AED100mn DUBAI CHAMBER’S INVESTMENT ON INNOVATION-FOCUSED INITIATIVES The number of firms receiving support for innovation from government spending increased by over 19%, while 89% respondents said they believed that support from Dubai’s government has boosted innovation output. The overall innovation score for the emirate’s private sector rose by 6% year-on-year to 60.51. In 2015, Dubai Chamber launched the first Dubai Innovation Index in collaboration with PwC to support Dubai’s goal of becoming the smartest city in the world by 2021 through enhanced private sector participation. The survey is an important tool and resource for measuring progress on innovation within the emirate’s private sector, while it also identifies areas for improvement. As part of its strategy, Dubai Chamber aims to stimulate innovation in the private sector and invest AED 100 million on innovation-focused projects and initiatives over the next three years. 33
  • 36. SMART CHAMBER 5 SMART APPS LAUNCHED TO DATE HUMAN CAPITAL MANAGEMENT Mobile friendly HR services MOBILE SERVICES Trade documentation business services Supporting the Smart Dubai vision, Dubai Chamber continued to expand its range of smart applications that aim to improve efficiency and facilitate greater ease of doing business in the emirate. In 2016, the Chamber launched the Human Capital Management (HCM) app which provides Human Resources (HR) services to employees at the click of a button from their hand-held devices. Through the app, employees can apply for services including submission of leave request, salary certificate, and checking leave balance; and also allows users to track status of requests from their mobile phones. HCM is the fifth Smart App from Dubai Chamber. Others are the Mobile Services, Smart Mediation, Smart Business and Africa Gateway apps. These solutions have seen a strong uptick in the number of downloads and have also helped the Chamber improve the quality and efficiency of its services. The Mobile Services app has special features such as requests for Electronic Certificates of Origin; searching the Dubai Commercial Directory; applying for ATA Carnet and Credit Rating services; and an online service payment facility, to name a few. The Smart Mediation App, which is the first-of-its-kind in the region, allows applicants to submit their mediation requests along with relevant documents, and make payments. It is in Arabic and English, user-friendly, and fast. It also has the option to track new and previous applications and obtain status reports. Mediation in business disputes is a concept that is becoming increasingly popular across the Middle East, especially in Dubai. This alternate dispute resolution method assists parties in reaching a mutually satisfactory agreement. The Smart Business application enables users to network and connect with Dubai’s business community through various features, online business profiles, and the ability to search for potential business partners. DUBAI CHAMBER ENHANCES ITS RANGE OF SMART BUSINESS APPLICATIONS SMARTER BUSINESS SOLUTIONS 34 Dubai Chamber Annual Report 2016
  • 37. SMART BUSINESS Business matching services SMART MEDIATION Dispute resolution services AFRICA GATEWAY Intelligence on 10 African countries The Africa Gateway app supports our drive to promote Dubai as the gateway to the world. Launched as a facilitator of business at our Africa Global Business Forum in 2015, the app provides invaluable insight on economy, trade, political outlook, overall business environment and foreign investment, for 10 key markets on the continent, for businesses that want to expand to that region. It is also rich with case studies of businesses in the UAE that have set up operations in Africa. The above-mentioned apps are available for download on iTunes and Google Play stores. 35
  • 38. INTERNATIONAL OFFICES IN 2016, WE OPENED NEW OFFICES IN CHINA, MOZAMBIQUE, AND KENYA. FUTURE PLANS FOR OFFICES IN BRAZIL, NIGERIA AND INDIA WILL FURTHER STRENGTHEN THE CHAMBER'S OUTREACH AND ENGAGE LOCAL BUSINESS COMMUNITIES. 2 Azerbaijan 1 Baku Brazil 2 São Paulo China 3 Shanghai Ethiopia 4 Addis Ababa Ghana 5 Accra India 6 Mumbai Iraq 7 Erbil Mozambique 8 Maputo Nigeria 9 Abuja Kenya 10 Nairobi 36 Dubai Chamber Annual Report 2016
  • 39. 484 MEETINGS HELD 20 EVENTS AND OUTBOUND MISSIONS 7 INTERNATIONAL OFFICES 1 7 5 9 10 8 4 6 3 Existing offices Future offices 37
  • 40. DUBAI CHAMBER GLOBAL BUSINESS FORUMS 2 GLOBAL BUSINESS FORUMS ORGANISED IN 2016 1,000+ PARTICIPANTS ATTENDED CIS GLOBAL BUSINESS FORUM 800+ PARTICIPANTS ATTENDED GLOBAL BUSINESS FORUM ON LATIN AMERICA DUBAI CHAMBER CONTINUED ITS GLOBAL BUSINESS FORUM SERIES AND PUT THE SPOTLIGHT ON THE CIS AND LATIN AMERICA REGIONS EXPLORING NEW MARKETS 38 Dubai Chamber Annual Report 2016
  • 41. Dubai Chamber organised two high- profile conferences in 2016 focusing on the Commonwealth of Independent States (CIS) and Latin American regions for the first time. The forums, which aimed to explore new trade and investment opportunities in these two regions, saw a very strong turnout and generated a great deal of interest within business communities in the UAE and abroad. Held in Dubai under the theme, “Ancient Routes – New Opportunities”, the inaugural CIS Global Business Forum brought together more than 1,000 delegates from 50 countries. The forum underlined the success of the UAE’s economic diversification strategies and aligned such efforts with new opportunities opening up in CIS countries. More than 100 bilateral meetings were held during the two-day event, in addition to thought-provoking discussions which focused on expanding trade and economic links between the UAE and the CIS region. The Forum also highlighted the need for both sides to promote innovation and leverage advanced technologies to establish the New Silk Road. The inaugural Global Business Forum on Latin America, held in the emirate under the theme “Shifting Synergies”, served as a platform for exploring mutual areas of economic cooperation between the GCC and Latin American countries. Over 800 specialists, experts, decision makers, and business leaders from 32 countries attended the Global Business Forum on Latin America. A total of 120 meetings and 19 specialised panel discussions were held during the two-day forum, featuring 32 speakers, including two former presidents, and 10 ministers. Over the years, the Global Business Forum series has expanded to become a premier platform to promote Dubai as a gateway to the world. Initiated in 2013, the series supports Dubai Chamber’s international expansion strategy, as well as its aim to position the emirate as an attractive trade and investment destination. 220+ BILATERAL MEETINGS HELD DURING THE FORUMS 39
  • 42. GLOBAL ISLAMIC ECONOMY SUMMIT $3trillion ESTIMATED VALUE OF ISLAMIC FINANCE MARKET IN 2020 (Source: Thomson Reuters) $1.9trillion VALUE OF SPENDING BY MUSLIM CONSUMERS IN 2015 3,000+ DELEGATES ATTENDED GIES 2016 The third edition of the Global Islamic Economy Summit (GIES) was organised by Dubai Chamber and the Dubai Islamic Economy Development Centre (DIEDC), with Thomson Reuters serving as a strategic partner. Held in Dubai under the theme “Inspiring Change”, the high-profile forum bolstered Dubai’s bid to become the global capital of the Islamic economy. The two-day conference was attended by more than 3,000 delegates, including policymakers, business leaders, industry experts, and specialists from various sectors of the economy, as well as academics from some of the world’s largest universities. During the summit, new challenges and opportunities were highlighted within the fast-growing Islamic finance industry, which is projected to reach $3 trillion by 2020. GIES 2016 featured six key sessions covering global trends reshaping the Islamic economy, and the Islamic finance sector in particular. Other sessions delved into the role of startups in driving the Islamic economy, in addition to top trends impacting halal food and tourism sectors. THIRD GLOBAL ISLAMIC ECONOMY SUMMIT HIGHLIGHTED NEW TRENDS AND OPPORTUNITIES GROWING THE GLOBAL ISLAMIC ECONOMY 40 Dubai Chamber Annual Report 2016
  • 43. Ahead of GIES, the State of the Global Islamic Economy Report and Global Islamic Economy Indicator were launched. Based on a survey of 172 industry leaders, the report revealed that the value of spending by Muslim consumers amounted to $1.9 trillion in 2015, while Islamic finance assets were valued at $2 trillion in the same year. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and General Supervisor of DIEDC, launched the My Salaam portal and mobile app on the sidelines of the summit. The portal and app aim to digitise sectors of the Islamic economy, empower businesses, and provide convenience to consumers. 41
  • 44. OUTBOUND DELEGATIONS IN 2016, DUBAI CHAMBER'S DELEGATIONS VISITED 34 COUNTRIES AND 50 CITIES, STRENGTHENING DUBAI'S POSITION AS A GLOBAL BUSINESS HUB Algeria 1. Algiers Azerbaijan 2. Baku Bahrain 3. Manama Belgium 4. Brussels Botswana 5. Gaborone Brazil 6. Sao Paolo Bulgaria 7. Sofia China 8. Shanghai 9. Chengdu 10. Hong Kong 11. Hangzhou Egypt 12. Cairo Ethiopia 13. Addis Ababa France 14. Paris Georgia 15. Tbilisi Germany 16. Hamburg Ghana 17. Accra India 18. Mumbai Italy 19. Rome Jordan 20. Amman Kazakhstan 21. Astana 22. Aktau Kenya 23. Nairobi Korea (South) 24. Seoul Kuwait 25. Kuwait City Mozambique 26. Maputo 27. Beira 28. Nampula Netherlands 29. Rotterdam 30. Amsterdam 31. Hague Oman 32. Muscat 33. Sohar Philippines 34. Cebu 4749 48 6 Qatar 35. Doha Russia 36. Moscow 37 Saint Petersburg Saudi Arabia 38. Jeddah 39. Khobar 40. Riyadh South Africa 41. Johannesburg 42. Cape Town Spain 43. Madrid 44. Barcelona Sweden 45. Stockholm United Kingdom 46. London United States 47. Washington 48. Salt Lake City, Utah 49. San Francisco Uzbekistan 50. Tashkent 42 Dubai Chamber Annual Report 2016
  • 45. 34 COUNTRIES VISITED 50 CITIES VISITED 78 EVENTS ATTENDED 1 43 44 2 21 50 36 37 2215 8 24 34 9 11 7 19 4 16 45 2930 31 17 14 46 5 3 35 32 33 25 38 39 40 18 13 23 26 41 42 27 28 12 20 10 43
  • 46. Algeria Argentina Armenia Australia Austria Azerbaijan Belarus Belgium Brazil Bulgaria Canada China Colombia Costa Rice Cote d'Ivoire Cyprus Djibouti Dominican Ecuador Equatorial Guinea Egypt Ethiopia Finland France Germany Ghana Greece Hong Kong Hungary India Indonesia Ireland Italy Japan Jordan Kazakhstan Kenya Korea KSA Kurdistan Kyrgyzstan Latvia Lebanon Luxembourg Malaysia Mexico Mozambique Nepal Netherlands New Zealand Panama Pakistan Paraguay Peru Philippines Poland Portugal Qatar Russia Sierra Leone Singapore Slovenia Somalia South Sudan Spain Sri Lanka Sudan Sweden Switzerland Tajikistan Tanzania Thailand Turkey Turkmenistan Uganda UK Ukraine Uruguay USA Vietnam INBOUND DELEGATIONS DUBAI CHAMBER WELCOMED 681 DELEGATIONS FROM 81 NATIONS IN 2016. 44 Dubai Chamber Annual Report 2016
  • 47. INTERNATIONAL DELEGATIONS AND MEETINGS 681 DELEGATIONS RECEIVED 1,525 DELEGATES ATTENDED MEETINGS 80 COUNTRIES REPRESENTED BY VISITING DELEGATIONS 45
  • 48. COMMUNITY CREATING SOCIAL IMPACT DUBAI CHAMBER INCREASED ITS COMMITMENT TO CORPORATE SOCIAL RESPONSIBILITY THROUGH A VARIETY OF INITIATIVES 34,205 INDIVIDUALS BENEFITTED 40.6% STAFF VOLUNTEERED 24 COMMUNITY INITIATIVES SUPPORTED Dubai Chamber staff participate in Dubai Holding vertical marathon to support Al Jalila Foundation 46 Dubai Chamber Annual Report 2016
  • 49. Dubai Chamber supported 24 community initiatives and 33 community organisations in 2016, benefitting over 34,000 individuals. More than 40% of our staff volunteered for various events and programmes throughout the year. Supporting the UAE’s Year of Reading Initiative, employees took part in a week-long Knowledge Camp, while many volunteered their time by reading to students at local schools. The Chamber launched The Social Coin, a pay-it-forward challenge, in which 63 staff members participated and carried out 757 acts of kindness. Chamber staff participated in several other campaigns and events, including Zayed Humanitarian Day, Dubai Municipality’s Car Free Day, DEWA’s Earth Hour and Dubai Land Department’s Why do you keep it? charity campaign, among others. Dubai Chamber donated 6.22% of its total revenue in cash and kind towards community initiatives. This included its ongoing support to the University of Dubai, an initiative of Dubai Chamber, which opened a new state-of-the-art campus in Dubai Academic City that achieved LEED Gold certification. As part of the Chamber’s efforts to enhance the health of its staff, their families and the broader community, the Sehhati Wellness Programme was organised for a third year. It saw 23% of staff maintaining an active lifestyle by walking around 10,000 steps per day. In addition, the Chamber won the prestigious Daman Corporate Health Award for best Health and Wellness Initiative in 2016. 6.22% REVENUE GIVEN TO COMMUNITY INITIATIVES 33 COMMUNITY ORGANISATIONS SUPPORTED 47
  • 50. HUMAN RESOURCES 55% EMIRATISATION 200+ EMPLOYEES BENEFITTED FROM PROGRAMMES 97 TRAINING AND AWARENESS PROGRAMMES Investing in employee development remained a key priority for Dubai Chamber in 2016, as its Human Resources Department conducted 97 training and awareness programmes during the year, benefitting over 200 staff. Among the organised events was the Knowledge Camp, which aimed to instill a culture of reading among employees. The week-long camp fell in line with the Chamber’s annual development plan and strategy to improve employee teamwork through an innovative and interactive approach. The Chamber hired new Emirati employees, bringing total Emiratisation to 55% by the end of the year. Meanwhile, the total number of nationalities working at the Chamber reached 28. Dubai Chamber’s global recruitment system was customised, enabling the HR department to seamlessly manage all aspects of the recruitment process, including sourcing, screening, selecting, and hiring. As a result, the department enhanced its operational efficiency and productivity by using a single smart system. WE FOCUSED ON BOOSTING EMPLOYEES’ SKILL SETS THROUGH INNOVATIVE INITIATIVES AND SOLUTIONS DRIVING EMPLOYEE DEVELOPMENT 48 Dubai Chamber Annual Report 2016
  • 51. 28 NATIONALITIES REPRESENTED BY STAFF The Employee Performance Management system was redesigned to include strategic growth development plans set by staff. The system provides end-to-end talent management in a single platform, in addition to tools designed to evaluate performance against set goals. Dubai Chamber also implemented the Oracle Talent Management Cloud that enabled the HR department to shift away from administrative tasks and take on more strategic activities to support employee development. 49
  • 52. 2016 INITIATIVES Dubai Chamber introduced several strategic initiatives in 2016 to strengthen the capabilities of the business community and foster a culture of excellence, innovation, sustainability and entrepreneurship. 50 Dubai Chamber Annual Report 2016
  • 53. Stock image BUILDING A SMART, INNOVATIVE AND SUSTAINABLE BUSINESS ECOSYSTEM 51
  • 54. MOHAMMED BIN RASHID AL MAKTOUM BUSINESS AWARDS 273 NUMBER OF APPLICANTS TO AWARD PROGRAMMES 12% PARTICIPATION FROM OTHER GCC COUNTRIES 1,400+ APPLICANTS SINCE LAUNCH OF AWARD PROGRAMMES The 9th Cycle of the Mohammed Bin Rashid Al Maktoum (MRM) Business Award and the 1st Cycle of the Mohammed Bin Rashid Al Maktoum Business Innovation Award attracted 273 applicants in total. The assessment phase was completed in the last quarter of 2016, and the awards were presented in early 2017 at a prestigious ceremony in Dubai. The applicants were evaluated for their organisational performance in areas such as leadership, strategy, workforce, talent management and innovation, among other metrics. Celebrating the success of organisations that contribute to sustainable development, the 9th Cycle of the MRM Business Award covered seven categories, namely finance, services, construction, trade, re-export, transport logistics, and manufacturing. Participants from other GCC countries accounted for 12% of all applicants. Launched in cooperation with the UAE Ministry of Economy, the MRM Business Innovation Award builds a culture of innovation by helping companies transform their business models to meet current and future challenges. THE 9TH CYCLE OF THE MRM BUSINESS AWARD AND THE 1ST CYCLE OF MRM BUSINESS INNOVATION AWARD SAW STRONG PARTICIPATION FOSTERING EXCELLENCE AND INNOVATION 52 Dubai Chamber Annual Report 2016
  • 55. 6 ORGANISED BY DUBAI CHAMBER 3 ORGANISED BY DUBAI CHAMBER 3 ORGANISED BY DUBAI CHAMBER TRAINING SESSIONS BEST PRACTICES SEMINARS ROUNDTABLE DISCUSSIONS As part of the programme, Dubai Chamber organised 6 training sessions, 3 best practices seminars, 3 roundtable discussions, and an international seminar for participants and the local business community. Over 1,400 businesses have applied to the award programmes since their launch, while more than 120 organisations have been recognised for their outstanding achievements. 53
  • 56. ENTREPRENEURSHIP: TEJAR DUBAI DEVELOPING ENTREPRENEURIAL POTENTIAL TEJAR DUBAI HELPED EMIRATI ENTREPRENEURS TAKE THEIR FIRST STEPS INTO THE BUSINESS WORLD 25 TOTAL NUMBER OF PROJECTS LAUNCHED TO DATE 9 NEW COMMERCIAL PROJECTS LAUNCHED IN 2016 AED10mn PROVIDED IN FUNDING TO BUSINESSES TO DATE 54 Dubai Chamber Annual Report 2016
  • 57. Tejar Dubai stepped up its efforts to support new businesses launched by young Emirati entrepreneurs through a variety of initiatives in 2016. The programme received 28 business ideas over the course of the year, of which 14 were approved by a panel of judges. A total of 56 participants were enrolled in the programme in 2016 and 9 commercial projects were launched during the same period. A total of 20 workshops and training sessions were organised to develop entrepreneurial and managerial skills, which attracted around 800 participants. Since its establishment in 2013, Tejar Dubai has attracted 220 participants and launched a total of 25 businesses. The programme has also facilitated AED 10 million worth of funding for commercial projects through partnerships and agreements with banks and financial institutions. Launched by Dubai Chamber, Tejar Dubai is a programme designed for Emirati youth to help them establish their own small-to-medium-sized businesses. It provides them access to classroom learning, on-site training, mentoring, business advice and investment capital, as well as networking opportunities with local and international business leaders. 55
  • 58. DUBAI STARTUP HUB SMARTPRENEUR COMPETITION EMPOWERING ENTREPRENEURS NEW INITIATIVES LAUNCHED TO SUPPORT STARTUPS AND ENTREPRENEURS 350 ENTRIES RECEIVED FOR DUBAI SMARTPRENEUR COMPETITION 60 IDEAS SUBMITTED BY UAE PARTICIPANTS OF DUBAI SMARTPRENEUR COMPETITION 444 STARTUPS REGISTERED ON DUBAI STARTUP HUB 56 Dubai Chamber Annual Report 2016
  • 59. Developing Dubai’s entrepreneurial ecosystem through innovative programmes and initiatives remained a top priority for Dubai Chamber in 2016. The Chamber launched two new initiatives to scale up its efforts in this area, namely the Dubai Smartpreneur Competition and Dubai Startup Hub. Organised in collaboration with Smart Dubai, the Dubai Smartpreneur Competition gives participants the opportunity to be part of a mission to create happiness by embracing technology innovation, while it also supports the emirate’s transformation to a global smart city. The competition received 350 entries out of which 60 creative ideas were submitted by UAE-based participants. Ten ideas were shortlisted and 3 winners were given cash prizes and the opportunity to join the Tejar Dubai entrepreneurship development programme. Dubai Startup Hub, a joint initiative of Dubai Chamber and IBM, was launched under the umbrella of Smart Dubai as an online platform to connect startups, venture capitalists and technology enthusiasts and facilitate new partnerships. The interactive hub, the first of its kind in the MENA region, is the result of a unique public-private partnership. The portal had 444 listed startups, 9 incubators, 112 workspaces and 3 investors registered by the end of 2016. 57
  • 60. DUBAI BUSINESS WOMEN COUNCIL SUPPORTING A FAST-GROWING NETWORK In 2016, the Dubai Business Women Council (DBWC) saw its network grow 43% year-over-year to 500 members, while it supported 50 events over the course of the year. The council conducted 32 workshops covering a wide range of business matters, including customer service, traditional and digital marketing. The main objective of the workshops was to develop the skills of business owners and SMEs in particular, enabling them to boost their competitiveness. Marking International Women’s Day, DBWC joined hands with the University of Wollongong to host the Pledge for Parity Forum in Dubai. The forum offered an ideal platform to discuss gender parity and new ideas to create inclusive work cultures. In addition, DBWC hosted 3 high-profile delegations from the European Union, Germany and Turkey to facilitate and promote trade, while it also led its first business women delegation to Serbia. DUBAI BUSINESS WOMEN COUNCIL STRENGTHENED GLOBAL PARTNERSHIPS AND SCALED UP SUPPORT FOR ENTREPRENEURS 43% GROWTH IN MEMBERSHIP YEAR-ON-YEAR 50 NUMBER OF EVENTS SUPPORTED 500 NUMBER OF MEMBERS 58 Dubai Chamber Annual Report 2016
  • 61. 59
  • 62. DUBAI ASSOCIATION CENTRE ATTRACTING GLOBAL ASSOCIATIONS TO DUBAI Dubai Association Centre (DAC) licensed 16 new international associations in Dubai during 2016, bringing the total number of global associations licensed in the emirate to 32 by year-end. This figure marked a 100% increase when compared to the total number of licensed associations in 2015. Established by Dubai Chamber, Dubai Business Events (under the Department of Tourism and Commerce Marketing), and Dubai World Trade Centre, DAC promotes Dubai as a hub for global associations looking to expand their footprint in the Middle East and North Africa. Key activities included a number of “Going Global” seminars, which hosted high-level delegates from the London-based Association Network and the American Society of Association Executives (ASAE). The events highlighted the benefits and opportunities associated with operating in Dubai, as well as the emirate’s capabilities as a host city for international congresses. DUBAI ASSOCIATION CENTRE PROMOTED DUBAI AS AN IDEAL HUB FOR GLOBAL ASSOCIATIONS 16 NEW LICENCES IN 2016 32 TOTAL NUMBER OF LICENSED INTERNATIONAL ASSOCIATIONS 100% INCREASE IN THE NUMBER OF GLOBAL ASSOCIATIONS REGISTERED 60 Dubai Chamber Annual Report 2016
  • 63. DAC participated in the ASAE Great Ideas Conference in Hong Kong and held 35 meetings with representatives of international associations based in Asia and North America. Associations licensed by DAC operate in a wide variety of sectors, including healthcare, transport, engineering, advertising, franchising, shipping, facilities management, construction, and retail, among others. 61
  • 64. CENTRE FOR RESPONSIBLE BUSINESS 24 NEW CORPORATE MEMBERS JOINED ENGAGE DUBAI PROGRAMME 58 SUSTAINABILITY NETWORK MEMBERS 31 EVENTS ORGANISED Dubai Chamber’s Centre for Responsible Business (CRB) organised 31 events in 2016 that focused on improving corporate social responsibility and sustainability within the emirate’s business community. These events were attended by 2,126 delegates from 691 companies. Among the high-profile events was the 2016 Dubai Dialogue Sustainability Matters Conference. The forum gathered industry experts and business leaders from around the world to discuss how companies can drive sustainable change through innovative strategies, solutions, and partnerships. The Dubai Chamber Sustainability Network had a total of 58 members by the end of the year that were assigned to seven task groups, while it also hosted 19 events attended by 398 participants. The Chamber’s ENGAGE Dubai programme attracted 24 new corporate members and 5 new Community Partners. The initiative brings together businesses and community organisations with the aim of facilitating employee engagement within local communities. The 6th annual Give Gain Day was organised by the Centre to promote a culture of volunteerism. Over 768 volunteers from 26 companies contributed 1,681 hours to various community projects that benefitted 1,300 people. A total of 66 businesses applied for the Dubai Chamber CSR Label in 2016, which is recognised as a mark of excellence in CSR activities. In addition, 2,572 hours of advisory services were provided to 181 companies during the year, marking a 32% increase over 2015. THE CENTRE FOR RESPONSIBLE BUSINESS STRENGTHENED ITS SUSTAINABILITY AND VOLUNTEERING EFFORTS PROMOTING CSR BEST PRACTICES 62 Dubai Chamber Annual Report 2016
  • 65. 66 DUBAI CHAMBER CSR LABEL APPLICANTS 2,572 TOTAL HOURS OF ADVISORY SERVICES PROVIDED 63
  • 66. DUBAI INTERNATIONAL ARBITRATION CENTRE 427 LISTED ARBITRATORS 214 CASES REGISTERED 170 CASES RESOLVED THE CENTRE SAW AN INCREASE IN THE NUMBER OF RESOLVED DISPUTES IMPROVING COMMERCIAL ARBITRATION 64 Dubai Chamber Annual Report 2016
  • 67. The Dubai International Arbitration Centre (DIAC), an initiative of Dubai Chamber, registered 214 cases in 2016, of which 170 were resolved between January and December, marking a 13% increase compared to the same period in 2015. The number of Listed Arbitrators registered with DIAC grew to 427, while the number of Listed Experts reached 88 during the same period. During the year, 30 meetings and hearings were held. DIAC added 22 new Associate Members in 2016, while the number of members that joined the centre’s DIAC40/Young Practitioners Group reached 256. The Centre organised and took part in 23 events, including 5 international conventions, and 18 local events. Key events included the opening of DIAC’s office in Dubai International Financial Centre (DIFC), and the signing of an MoU to promote mutual co-operation with DIFC on enforcing DIAC awards. Events organised in Dubai included the Trends and Practices in Construction Disputes Resolutions conference and an open dialogue session covering the evolution of arbitration in the Arab world as part of Dubai Arbitration Week. In addition, the DIAC 40 Young Practitioners Group hosted a series of workshops. DIAC participated in the Qatar Chamber Conference and the MENA Young Arbitrators Conference, which featured thought-provoking sessions covering a wide variety of timely issues impacting arbitration in the region. In addition, the Centre organised business lunches in Shanghai and Seoul, as well as meetings in Washington DC attended by the Centre’s executive committee. The Centre also hosted delegates from the International Dispute Resolution Institute, Bahrain Chamber of Commerce Industry, and Shandong Province. 23 LOCAL AND INTERNATIONAL EVENTS ATTENDED/ORGANISED 65
  • 68. UNIVERSITY OF DUBAI RAISING STANDARDS IN HIGHER EDUCATION An initiative of Dubai Chamber, the University of Dubai (UD) strengthened its reputation as a leading educational centre with the opening of its new state-of-the-art campus in Dubai Academic City. The launch was a major step towards the advancement of the university and higher education in Dubai. The university established the Faculty of Engineering and Information Technology, and adopted a five-year strategic plan to support its mission to become one of the best universities in the Arab world. A scholarship programme for outstanding students was launched at UD, while the university hosted a successful job fair that welcomed over 1,500 students and young professionals. UD Alumni Association’s second Annual Charity Gala Sohour raised AED 400,000 to support students facing financial difficulties, and the 7th Annual Homecoming welcomed over 300 UD alumni. By the end of 2016, the total number of students enrolled at UD reached 660, including 256 Emiratis, and 32 doctoral students in Business Administration. THE UNIVERSITY OF DUBAI MARKED A NUMBER OF MILESTONES AND SET NEW TARGETS IN 2016 660 TOTAL NUMBER OF STUDENTS ENROLLED 256 EMIRATI STUDENTS ENROLLED 32 PHD STUDENTS ENROLLED (BUSINESS ADMINISTRATION) 66 Dubai Chamber Annual Report 2016
  • 69. 67
  • 70. DUBAI CHAMBER PHOTO GALLERY 2016 A visual overview of the various activities and initiatives undertaken by Dubai Chamber during 2016, as well as snapshots of visits by international dignitaries and delegations. 68 Dubai Chamber Annual Report 2016
  • 72. DUBAI CHAMBER PHOTO GALLERY 2016 Dubai Chamber delegation meets Kenyan President HE Uhuru Kenyatta during Kenya trade mission Dubai Chamber in cooperation with Dubai Islamic Economy Development Centre and Thomson Reuters organised the 3rd Global Islamic Economy Summit 4th Islamic Economy Award ceremony During the visit of Argentina’s Vice President, HE Gabriela Michetti Dubai Chamber wins Best Result in Customer Satisfaction and Innovative Idea Awards at the Dubai Government Excellence Program 70 Dubai Chamber Annual Report 2016
  • 73. Visit of New Zealand Minister of Trade HE Todd McClay During the visit of Equatorial Guinea President HE Teodoro Obiang Nguema Mbasogo During UAE-Mexico Business Forum attended by HE Enrique Peña Nieto, President of Mexico Azerbaijan President HE Ilham Aliyer received Dubai Chamber's Chairman in Baku HE Troels Lund Poulsen, Danish Minister of Business and Growth, at Dubai-Denmark Maritime Symposium Minister in the office of Prime Minister of Malta, and Minister of Competitiveness and Digital, Maritime and Services Economy, during their visit to Dubai Chamber 71
  • 74. DUBAI CHAMBER PHOTO GALLERY 2016 HE Ahmed Aboutaleb, Mayor, City of Rotterdam at the Dubai- Rotterdam Business Forum Flemish Minister for Work, Economy, Innovation Sport, HE Philippe Muyters and his delegation at a business meeting at Dubai Chamber During the visit of Greece Minister of Tourism, HE Elena Kountoura Dubai Chamber organised the Diplomatic Circle Dinner for ambassadors and members of Arab and international diplomatic corps in the UAE Dubai Chamber in cooperation with Hamburg Chamber of Commerce organised 5th Dubai-Hamburg Business Forum in Dubai UAE-Slovenia seminar, attended by UAE Minister of Economy HE Sultan Bin Saeed Al Mansouri and Slovenian Minister of Development and Technology, HE Zdravko Pocivalsek 72 Dubai Chamber Annual Report 2016
  • 75. Dubai Chamber organised the inaugural Global Business Forum on Latin America under the theme 'Shifting Synergies,' attended by heads of state, ministers, executives and international experts (Top right: former president of Mexico Vicente Fox) Dubai Chamber organised the first edition of the Commonwealth of Independent States Global Business Forum under the theme ‘Ancient Routes - New Opportunities’ Dubai Chamber, in partnership with Majid Al Futtaim, hosted the 10th World Retail Congress in Dubai for the first time 73
  • 76. DUBAI CHAMBER PHOTO GALLERY 2016 Dubai Chamber and other business entities signed MoUs with Dubai Airport Freezone Authority during the launch of 'The Big Conversation' initiative HE Majid Al Ghurair, Chairman, Dubai Chamber, officially opened a new representative office in Nairobi, Kenya Dubai Chamber signs two MoUs with Hungarian Chamber of Commerce and Hungarian National Trading House Emirates Post Group issued commemorative stamps marking Dubai Chamber’s 50th anniversary MoU signing with Dubai Customs to implement 'Risk Engine' at Dubai Chamber 74 Dubai Chamber Annual Report 2016
  • 77. HE Hamad Buamim, President and CEO, Dubai Chamber, won CEO Middle East's International Achievement Award for his contribution to expansion of Dubai businesses into international markets Dubai Chamber participated in Dubai Week in China and announced its opening of new representative office in Shanghai Dubai Chamber presented CSR label to 21 companies HE Majid Al Ghurair, Chairman, Dubai Chamber, at the opening of the Chamber's new representative office in Maputo, Mozambique Going Global: Creating a Common Language seminar by Dubai Association Centre was attended by American Society of Association Executives members HE Hamad Buamim during Hamburg Summit 2016 that highlighted impact of China’s economic transformation on global trade 75
  • 78. DUBAI CHAMBER PHOTO GALLERY 2016 During Dubai Chamber’s celebration to mark 45th UAE National Day Dubai Chamber presented gifts to dhow sailors to mark Zayed Humanitarian Work Day Dubai Chamber coordinated a record 285 bilateral meetings between EU and Dubai-based businesses on the sidelines of a European delegation visit During the launch of Dubai Startup Hub in cooperation with IBM Dubai Chamber hosted of the 20th sessions of Dubai International Holy Quran Award Dubai Chamber joined “My Family Reads” initiative launched by Mohammed bin Rashid Al Maktoum Foundation 76 Dubai Chamber Annual Report 2016
  • 80. Dubai Chamber of Commerce Industry PO Box 1457, Dubai, United Arab Emirates Telephone +971 4 2280 000 Facsimile +971 4 2211 646 www.dubaichamber.com Follow us on: