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Gulf Press > Uncategorized > Indian businesses in Dubai lead the list of new companies in the first half of 2024
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Indian businesses in Dubai lead the list of new companies in the first half of 2024

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Last updated: 2024/08/14 at 10:07 PM
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The Dubai Chamber of Commerce recently analyzed the new non-Emirati companies joining its membership during the first half of the year, revealing that Indian investors topped the list with 7,860 new companies registering. Following closely behind were Pakistan with 3,968 companies and Egypt with 2,355 companies. The list also included companies from Syria, the UK, Bangladesh, Iraq, China, Sudan, and Jordan, showcasing Dubai’s ability to attract global investments.

In terms of sectoral distribution, the trade and repairing services sector accounted for 41.5% of the total new member-companies, making it the top sector. The real estate, renting, and business services sector came in second place with 33.6%, followed by construction at 9.4%, transport, storage, and communications at 8.4%, and social and personal services at 6.6%. Among the top five sectors, construction showed the strongest growth at 23.5% compared to the previous year, followed by transport, storage, and communications at 13.6% and real estate, renting, and business services at 9.5%.

The analysis reflects Dubai’s growing appeal among international businesses and its ability to attract direct investments from around the world. The high number of Indian companies joining the chamber indicates the strong economic ties between India and the UAE, while the presence of companies from Pakistan, Egypt, and other countries underscores Dubai’s reputation as a global business hub. The city’s strategic location, business-friendly environment, and infrastructure make it an attractive destination for investors looking to expand their operations.

By showcasing the sectoral distribution and growth rates of new member-companies, the analysis highlights the diversity and dynamism of Dubai’s economy. The strong performance of sectors like construction, transport, and real estate demonstrates the city’s resilience and growth potential. As Dubai continues to attract investments and businesses from various countries, its position as a leading business destination in the region is further reinforced.

Overall, the analysis of new member-companies joining the Dubai Chamber of Commerce during the first half of the year reflects the city’s attractiveness as a global business hub. With Indian investors leading the way and companies from various countries joining, Dubai’s status as a key player in the international business landscape is solidified. As the city continues to grow and diversify its economy, opportunities for businesses and investors looking to establish a presence in the region are abundant.止

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News Room August 14, 2024
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