Indian investors maintained their position as the top contributors to new non-Emirati memberships in the Dubai Chamber of Commerce during the first nine months of 2024, according to data released on Monday.
The chamber welcomed 12,142 new Indian companies between January and September, underscoring Dubai’s enduring appeal as a hub for Indian entrepreneurs and businesses. Pakistan ranked second, with 6,061 new companies joining the chamber during the same period, followed by Egypt with 3,611 new members.
Top Nationalities of New Members
Syria claimed the fourth spot on the list, with 2,062 new Syrian companies joining the chamber. The United Kingdom followed in fifth place, contributing 1,886 new businesses. Bangladesh ranked sixth, with 1,669 companies, while Iraq and China occupied the seventh and eighth spots with 1,346 and 1,109 new members, respectively.
Jordan and Sudan rounded out the top ten nationalities, with 1,069 and 1,007 new companies joining the chamber, respectively, during the first three quarters of 2024.
Sectoral Distribution of New Members
The trade and services sector led the sectoral distribution of new member companies, accounting for 41.5% of the total registrations. Real estate, renting, and business services followed closely at 33.3%. The construction sector secured third place, representing 10.4% of the new memberships, while the transport, storage, and communications sector ranked fourth with 8.6%. Social and personal services completed the top five, contributing 6.8% of the total.
Dubai’s Growing Appeal
The influx of new companies reflects Dubai’s strategic position as a global business hub and its appeal across diverse sectors. The city’s strong infrastructure, business-friendly policies, and accessibility to international markets continue to attract entrepreneurs and investors from around the world.
The latest figures highlight Dubai’s efforts to solidify its reputation as a preferred destination for global business expansion. The Dubai Chamber of Commerce has been pivotal in fostering this growth, offering initiatives and support to help companies establish and thrive in the emirate.
As the year progresses, experts anticipate continued growth in memberships, particularly from emerging markets, as Dubai enhances its global appeal through strategic initiatives and partnerships. The sustained interest from Indian and other international companies underscores Dubai’s position as a dynamic center for trade, innovation, and investment.
