The Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, recently revealed in a new analysis that 4,351 new Indian companies joined the chamber during the first quarter of 2024, topping the list of new non-Emirati companies. The chamber’s findings highlight Dubai’s strong ability to attract direct investments from India and underline the emirate’s growing appeal among international businesses.
The Dubai Chamber of Commerce also revealed that Pakistani companies ranked second with 2,222 new entities joining in Q1 2024, while Egyptian companies followed at 1,404.
In fourth place came Syrian companies (736), while the United Kingdom followed closely with 698 new companies, ranking 5th. In addition, Bangladesh ranked sixth with 635 new companies joining the Chamber.
Iraq secured 7th place on the list with 501 new member companies, while Sudan ranked 8th with 379 new companies joining the chamber.
Finally, China ranked 9th on the chamber’s list with 362 new companies registering while Jordan ranked in 10th place with 343 new companies.
Sectoral distribution
When it comes to the sectoral distribution of new member companies joining the chamber during Q1, the trade and services sector emerged as the most registered, accounting for 42.3 percent of the total. In second place came the real estate, renting, and business services sector, accounting for 33.9 percent of the total.
Then came the construction sector with 9.2 percent, and the transport, storage, and communications sector with 8.1 percent. In fifth place came the social and personal services sector accounting for 6.5 percent of total registration at the Dubai Chamber of Commerce in Q1 of 2024.
For more economy news, click here.
