Dubai Chamber of Commerce, one of the three chambers under the Dubai Chambers umbrella, has reported remarkable success in resolving 77 per cent of the mediation cases received in the first half of 2024.
This marks a significant improvement over the 62 per cent settled during the same period in 2023.
The cases, which were resolved within a maximum of 10 working days, highlight the chamber’s efficient and speedy mediation service. During H1 2024, the chamber handled a total of 79 mediation cases with a combined value of AED 6.5 million, successfully resolving cases worth AED 3.5 million. These cases spanned various industries, including construction, logistics, shipping and forwarding, foodstuffs, services, and healthcare.
Khalid Al Jarwan, Vice President of Operations and acting Vice President of Digital and Commercial Sectors at Dubai Chambers, remarked,
The increasing demand for the chamber's mediation service reflects the maturity of the business community in Dubai and its awareness of the importance of amicable settlements to commercial disputes to help preserve business relations. We are committed to protecting the interests of the business community, and our mediation service represents another essential tool that enhances the competitiveness of Dubai’s favorable business environment.
Al Jarwan added,
Dubai Chamber of Commerce has proven expertise in assisting all segments of the business community to settle their commercial disputes amicably. We provide a digital mediation service, which saves time and effort for all the parties involved, supports Dubai’s vision for digital transformation, and serves customers more effectively and efficiently.
Mediation offers several advantages, including flexibility, speed, efficiency, and confidentiality, helping the parties save time, effort, and money. It also ensures trade relations continue between conflicting parties and that they maintain full control over the process.
Dubai Chamber of Commerce plays a crucial role in representing, supporting, and protecting the interests of companies in the emirate. The chamber continuously explores new ways to meet the evolving needs of Dubai’s dynamic business community. It strives to create a business environment that supports local company growth and promotes the emirate as a global business hub.
These efforts align with the Dubai Economic Agenda (D33), which aims to double the size of the emirate’s economy over the next decade and position Dubai among the top three global cities.
News Source: Emirates News Agency
