A recent analysis by the Dubai Chamber of Commerce highlighted that Indian investors top the list of nationalities that have joined the chamber within the first half of 2024. 7,860 new companies with Indian founders have recently registered operations in Dubai, outlining the emirate’s focus on attracting direct investments from India.
Courtesy of Dubai Chamber of Commerce.
Pakistan ranked second on the list with 3,968 companies set up in Dubai in H1 of 2024, followed by Egypt and Syria. The UAE’s strong bilateral relations with India, coupled with its geographical proximity from the Indian subcontinent, positions it as an ideal destination for Indian businesses. In terms of the sectoral distribution of new member companies joining the chamber during H1 2024, the trade and repairing services sector ranked first, accounting for 41.5% of the total. The real estate, renting, and business services sector came in second place, representing 33.6% of the total.
The report suggests steady growth in the construction sector, which saw a growth of 23.5% compared to the same period in 2023. According to Emirates NBD Research, UAE’s construction sector remains a robust contributor to the nation’s 3.8% growth in GDP in 2024.
يسرنا الإعلان عن قائمة جنسيات الشركات الجديدة التي انضمت إلى عضويتنا خلال النصف الأوّل من العام 2024 من غير الإماراتيين. pic.twitter.com/n3J0lB46OU
— Dubai Chamber of Commerce (@DxbChamberComm) August 14, 2024
The UAE’s “very, very strong” ties with China were reflected in the Dubai Chamber of Commerce analysis that recorded the establishment of 742 new Chinese firms in the first half of 2024 in Dubai.
