Indian Companies Top the List
Dubai Chambers recently analyzed an indication that Indian investors and entrepreneurs topped the list of new non-Emirati companies joining the chamber within the first nine months of 2024. According to an analysis carried out by Dubai Chamber of Commerce, Indian businesses remained in first place, with 12,142 new companies, again showing that Dubai is an essential investment and business destination for Indian investors.
PC: Dubai 92
Pakistan ranked second, adding 6,061 new companies to the chamber’s membership between Q1 and Q3 of 2024. Egypt ranked third, with 3,611 companies added to the chamber’s records during the same period.
Diverse National Participation
In total, Syria emerged as the biggest contributor with 2,062 new companies registering during the first nine months of 2024. New Companies in the United Kingdom -1,886 Bangladesh was a good sixth with 1,669 new member companies.
Iraq ranked seventh, with 1,346 new companies, followed by China in eighth place with 1,109 registrations. Jordan and Sudan rounded out the top ten, with 1,069 and 1,007 new companies joining the chamber, respectively.
Sectoral Distribution of New Members
The trade and services sector emerged as the leading contributor to the number of new companies joining the Dubai Chamber of Commerce, representing a significant 41.5% of all registrations recorded between Q1 and Q3 of 2024. This dominance highlights the importance of trade and services in Dubai’s economy. Coming in second place was the real estate, renting, and business services sector, which accounted for 33.3% of the total new memberships during the same period, further underscoring its role as a vital component of the city’s economic landscape.
The construction sector placed in the third position at a 10.4% value of new registrations. The transport, storage, and communications sector came fourth at 8.6%, and 6.8% fell under the social and personal services sector.
The statistics underscore Dubai’s rising prominence as a global hub for business, with Indian, Pakistani, and Egyptian companies playing a key role in driving new investment inflows into the emirate. The significant share of the trade and services sector highlights Dubai’s strategic position as a crucial gateway for international commerce and trade. At the same time, the strong presence of sectors like real estate and construction emphasizes the extensive and diverse economic opportunities that Dubai continues to offer to businesses and investors from around the world.
