Dubai's Leadership in Global Trade Reinforced with ICC Executive Board Appointment

Strategic Insights -

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, has been elected to the International Chamber of Commerce (ICC) Executive Board, further solidifying Dubai's position as a leader in global trade and partnerships. The ICC, with a membership network of 45 million companies, collectively employing over one billion people in more than 170 countries, is the world's largest business organisation. Founded in Paris in 1919, the ICC's value of merchandise trade conducted through its membership network exceeds US$17.5 trillion annually, with a presence in over 100 countries.

Key Takeaways:

  • Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, has been elected to the ICC Executive Board, highlighting Dubai's leadership in advancing global trade and partnerships.
  • The ICC is the world's largest business organisation, representing a network of 45 million companies, employing over one billion people in more than 170 countries.
  • The value of merchandise trade conducted through the ICC's membership network exceeds US$17.5 trillion annually, with a presence in over 100 countries.
  • The appointment reflects Dubai's prominent role in driving global cooperation, building constructive partnerships, and advancing global trade.
  • The appointment consolidates Dubai's status as a hub for shaping the future of global trade, facilitating business activity, and influencing international economic policy.
  • Dubai's unique economic model, combining an ambitious vision with flexible legislation, strong public-private sector collaboration, and robust support for business growth, has earned global recognition and confidence.
  • The ICC plays a vital role in promoting global trade growth and shaping international economic policy in collaboration with local and global institutions.
  • Lootah emphasized Dubai's focus on developing a dynamic global ecosystem that fosters private sector growth and promotes a more competitive business environment.

Statistics:

  • 45 million: Number of companies represented by the ICC under its membership network.
  • 1 billion: People employed by companies participating in the ICC's membership network.
  • 170+: Countries with ICC member companies.
  • 100+: Countries with ICC presence through national committees.
  • US$17.5 trillion: Value of merchandise trade conducted through the ICC's membership network annually.
  • 1919: Year the ICC was founded in Paris.

Sources:

  • Wam (24 Jun 2025)
  • International Chamber of Commerce (no specific date mentioned)