Sharjah 24 – WAM: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved a new structure of Dubai Chambers' board, on Sunday, to drive Dubai's economic transformation and place the city as a global business hub.

''We approved the new structure of the three Dubai chambers: Dubai Chamber of Commerce and Industry, Dubai Chamber of Digital Economy, and Dubai International Chamber. A new model to lead Dubai's economic transformation and position the city as a global business hub,'' said His Highness Sheikh Mohammed bin Rashid.

''We approved the board of directors of the overarching Dubai Chambers, which will oversee and coordinate the efforts of the 3 chambers under a common vision and propose mega initiatives to spearhead Dubai's economy, ultimately creating a robust business environment.'' ''The three new chambers have historic responsibilities of boosting our international trade, advancing our digital economy, protecting the interests of entrepreneurs and business owners and supporting the Government of Dubai in establishing the world's best economic ecosystem,'' he added.

As for the Dubai International Chamber's action plan, His Highness said :''We expect members to engage effectively in implementing the emirates foreign trade which seeks to raise the value of our foreign trade to AED2 trillion in five years.'' Dubai International Chamber's plan targets 30 foreign markets."

In March, His Highness approved the restructuring of Dubai Chambers and the creation of three new chambers of commerce: Dubai Chamber, Dubai International Chamber, and Dubai Chamber of Digital Economy. The new chambers serve as the key drivers in establishing new sectors in the city and raising Dubai’s role in global trade.

Sheikh Mohammed bin Rashid Al Maktoum then said, "We will form three new chambers of commerce in Dubai, which will include the Dubai International Chamber that will work to support the interests of international companies based in Dubai, and the Chamber of Digital Economy that will seek to leverage technological trends of the future to promote growth and innovation."

He announced the appointment of Juma Al Majid as the Honourary Chairman of Dubai Chamber, Abdulaziz Al Ghurair as the Chairman of Dubai Chamber, Sultan bin Sulayem as Chairman of Dubai International Chamber, and Omar Al Olama as Chairman of Dubai Chamber of Digital Economy.

The Board of Directors of Dubai Chambers is chaired by Abdul Aziz Al Ghurair, and its membership includes: Omar Al Futtaim, Khaled Juma Al Majid, and Raja Al Gurg. The Board also includes Omar Sultan Al Olama, Chairman of the Board of Directors of the Dubai Chamber of Digital Economy; and Sultan Ahmed bin Sulayem, Chairman of the Board of Directors of the Dubai International Chamber; along with Butti Saeed Al Kindi; Hilal Saeed Al Marri; Faisal Juma Belhoul; Patrick Chalhoub; Ghassan Al Kibsi; Dr. Amina Al Rostamani; and Hussain Abdulrahman Khansaheb.

Sheikh Mohammed bin Rashid Al Maktoum added, "Members of the new Dubai chambers will spearhead our strategy to achieve our futuristic economic vision, and we expect major regional and international accomplishments over the next phase."