Cooperative Associations
Facts and Figures
Cooperative Economy in the UAE
AED 7,5 billion
Volume of activities
AED 3,4 billion
Capital
42
Cooperatives and
2 cooperative unions
103,910 thousand
Member shareholders in 2022
13,587 thousand
Employees
AED 55,6 million
Amount of cooperative contributions
Facts and Figures
Global Cooperative Economy
$2 trillion
Total turnover of 300 major global cooperatives
1 billion
Cooperative members globally
1.4 million
Cooperative members in Singapore (representing 25% of the population)
Statistics on UAE Cooperatives
Current Status
Cooperatives contribute
less than 1%
to GDP
Target
Cooperatives to contribute
more than 5%
to GDP by 2031
Useful Information on Cooperatives
Learn About Various Cooperative Sectors
Housing Cooperatives
Provide housing services
Health Sector
Provides healthcare services
Financial and Banking Sector
Provides financial and banking services
Tourism Sector
Provides tourism services
Creative Industries
Provides artistic goods, services and creative designs
Technology and Digitisation
Provides digital technology solutions
Consumer Sector
Provides consumer needs at reasonable prices
Agricultural and Livestock Sector
Provides everything related to agriculture and livestock
Education Sector
Provides services related to the educational process
Our plans to develop the cooperative sector in the UAE
- Raising awareness of the objectives, roles and importance of cooperatives
- Introducing the best international practices in the cooperative sector
- Encouraging the establishment of cooperatives to meet the growing needs of community members
- Ensuring the improvement of the cooperative sector performance according to the latest standards
- Following-up and monitoring the performance and data of the cooperative sector in the UAE
We’ve Got Your Back…
We Support Efforts that Seek to Establish New Cooperatives in the UAE
We are set on expanding the base of shareholders in existing cooperatives, and promoting the establishment of cooperatives in promising and new sectors, such as renewable energy, financial services, insurance, tourism, health, technology, innovation, creative industries and agricultural technology. This, in turn, will provide new job opportunities and fulfil the various needs of community members.
The Establishment of a Cooperative Association in the UAE
Federal Law No (13) of 1976 sets out the requirements and procedure for establishing cooperative associations, monitoring and controlling their activities, as mandated by the Ministry of Economy.
Cooperative Associations Legislations
Federal Law No (6) Issued on 2022 concerning Cooperative Associations defines cooperative associations, membership provisions, shares, branches, articles of incorporation, model bylaws, the procedures for establishing associations in the UAE, the formation of boards of directors and the meeting of the general assembly.
Federal Law No (6) Issued on 2022 concerning Cooperative Associations defines cooperative associations, membership provisions, shares, branches, articles of incorporation, model bylaws, the procedures for establishing associations in the UAE, the formation of boards of directors and the meeting of the general assembly.
