Here’s What The World Can Learn From Dubai Chamber Of Commerce
A city described by its 830m-tall Burj Khalifa tower, Dubai is known for its boon in luxury shopping, a dream for most middle class earners.
A part from shopping in Dubai, the city is the hub to who is who in the world of entrepreneurship and world leading companies, from different parts of the world.
One would think that these entrepreneurs and companies, being competitors from different parts of the world, do not see an eye to each other.
However, a tour by Business Times team in Dubai proves otherwise, showing a more compact business community that strengthens cooperation between the public and private sectors.
The companies have come together to form the Dubai Chamber of Commerce & Industry (DCCI), that has brought on board over 231,000 companies, making it one of the world’s largest membership-based chambers of commerce.
In a bid to enhance communication with all segments of the local business community in Dubai, a total of 30 sector-specific business groups and 50 country-specific business councils operate under the umbrella of DCCI.
A part from advancing business interests, DCCI has been in the forefront advancing the fintech agenda in Dubai.
The chamber plays a significant role in enhancing competitiveness by providing value-added services, including issuing certificates of origin and ATA Carnets; business research, economic reports, e-commerce support, policy advocacy, mediation and arbitration, in addition to a wide range of smart apps designed to enhance such services.
Read: Financial Technology Key To Sustained Economic Growth For Kenya
In a bid to build capacity among its members, DCCI regularly organises trade missions abroad, workshops, training sessions, seminars and networking events that provide members and local companies with the tools and knowledge they need to succeed and grow their businesses.
But what would be business without clients?
In order to get clients and customers, the body has to market not the entities, but the city where the businesses are located, in this case Dubai. The city is not just marketed to anyone, but the high potential customers.
This has led the chamber to establish marketing bases in Azerbaijan, Ethiopia, Ghana, Kenya, Mozambique, China, India, Panama, Argentina and Brazil.
Read: DIFC Launches Residency Programme To Nurture SMEs
DCCI also runs initiatives such as Mohammed Bin Rashid Al Maktoum Business Award, the Mohammed Bin Rashid Al Maktoum Business Innovation Award; Dubai Association Centre; Dubai International Arbitration Centre; the Centre for Responsible Business; the University of Dubai; Dubai Business Women Council; the Dubai Smartpreneur Competition; the Tejar Dubai entrepreneurship development programme; and Dubai Startup Hub.
With such initiatives, business strategies, organisation and order, the world has a lot to learn from the DCCI, a chamber that has converted Dubai to one of the fastest growing cities in the world.
DCCI was established in 1965.
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