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Dubai ChamberDubai, UAE: After the remarkable success of the launch edition of the Dubai Smartpreneur Competition which received 350 innovative business ideas, the Dubai Chamber of Commerce and Industry is launching the 2nd edition of the competition whose aim is to stimulate a culture of innovative entrepreneurship in the emirate.

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8000 new companies Most of these businesses, which have acquired Dubai Chamber membership, are small and medium enterprisesIn its report on Tuesday, the Dubai Chamber of Commerce and Industry said some 8,000 new companies joined this year, expanding its membership base to 193,000, up 4.3 per cent. A spokesperson told Gulf News that the majority of newly opened companies are small and medium enterprises.

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