November 8, 2024

DCC unveils four business groups within the Construction Arena

Facebook
Twitter
LinkedIn
Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers

Dubai Chamber of Commerce (DCC), one of the three chambers operating under Dubai Chambers, has announced the launch of four business groups within the construction sector namely, the building materials business group, cement & ready-mix business group, ceramics business group and paint coating & gypsum business group.

Industry sources added that the four new business groups will focus on promoting the development of construction companies, raising the profile of Dubai’s construction sector in the international business community. By providing a forum that facilitates mutual dialogue between the sector’s stakeholders and government entities, the business groups will tackle industry-level challenges and address policy matters related to the industry, amongst others.

Industry sources further added that the business groups are part of the chamber’s plans to increase the number of business groups that represent economic sectors and activities in Dubai. The chamber plans to increase the number of economic sectors and activities represented by business groups to 100 by March this year.

Commenting on the launch of these business groups, Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers, said: “I am pleased to announce the launch of these business groups as they are important components of Dubai’s vibrant construction sector. There has been a rebound in the construction sector since 2021, driven particularly by residential construction projects. The UAE’s construction market size has been valued at $81 billion in 2021 and it is projected to grow at an average annual growth rate of more than three percent from 2023 to 2026.”

He further added: “Our role at Dubai Chambers is to support the various economic sectors in the emirate including construction. Building materials, cement and ready-mix products, ceramic products as well as paint and gypsum products are all cornerstones of the construction sector. The setting up of these four business groups will encourage transparent conversations between their members, boosting the positive trajectory the construction sector is already in.”

Industry sources also confirmed that In the period between 2011 and 2021, Dubai’s trade of paint and gypsum reached AED11.6 billion, while the emirate’s trade of ceramic totaled AED35.4 billion, and its trade of cement recorded AED555 million, and building materials trade reached AED247.4 billion.

Source

For more information regarding DCC please read the articles on: Dubai Chamber of Commerce launch new Business Sectors Platform

Dubai Chamber of Commerce launches four new business groups

Dubai Chamber of Commerce Launches Five Business Groups

Dubai Chamber of Commerce powers Dubai Business Clusters enhancing economic contribution

Dubai Chamber of Commerce Initiates Maintenance Of Energy And Water Efficiency

Share.

RELATED POSTS

Bob Kibbe appointed CEO of Tranzonic Companies and Hospeco Brands Group 2
Bob Kibbe Appointed CEO of Tranzonic and Hospeco Brands Group
The program aims to impart critical knowledge and the best practices from the real estate sector, launched on May 28th.
IRES partners with Al Maha Petroleum to bolster real estate skills
Limassol Blu Marine Towers.
Leptos Estates launches duplex penthouse in Cyprus
  • Capital Securities Corp
  • Asialink Finance

LATEST POSTS

Bob Kibbe appointed CEO of Tranzonic Companies and Hospeco Brands Group 2
The Parties Other Than the Driver That Can Be Sued for a Car Accident
FedEx drives economic impact across the Middle East through large-scale investments. Image Courtesy: FedEx
Strategic collaboration agreement to evaluate powering Microsoft’s data centers with renewable energy and using AI to advance decarbonization projects