Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has disclosed that 62.7 percent of the multinational companies (MNCs) it drew to Dubai in 2024 came from Asia. This statistic emphasizes Dubai’s escalating reputation as a pivotal investment hub for international corporations.
Latin America and Europe each constituted 11.8 percent of the total multinational companies attracted in 2024. The Middle East and Eurasia made up 9.7 percent, while both the African continent and Australia contributed 2 percent of the total.
Key sectors driving investment
Five primary sectors represented 50 percent of the MNCs attracted to Dubai by the chamber in 2024, with each sector holding a 10 percent share. These sectors included construction, trade and logistics services; manufacturing; information and communication technology, encompassing AI, robotics, blockchain, and software; as well as retail, fashion, travel, hospitality, and tourism.
Mobility sector’s influence on multinational companies
Moreover, eight percent of the MNCs attracted in 2024 specialized in the mobility sector, which includes aerospace, space, autonomous transport, and traditional transport.
Three other sectors collectively accounted for 18 percent of the MNCs attracted, with each sector representing 6 percent of the total. These sectors were healthcare and pharmaceuticals; finance, banking, and investment banking; and energy, which includes oil and gas, renewable energy, and cleantech.
Growth and global expansion of Dubai International Chamber
Dubai International Chamber successfully drew 51 MNCs to Dubai in 2024, marking an annual growth of 55 percent compared to the 33 companies attracted in 2023. The chamber also broadened its global footprint by inaugurating two new international offices in Kazakhstan and Colombia, raising its total number of representative offices to 33. The chamber’s initiatives bolster Dubai’s allure as a global business hub, enhancing foreign investment attraction and aiding Dubai-based companies in seeking new economic and trade opportunities in high-potential global markets.
