Indian enterprises dominated the surge of new additions to the Dubai Chamber of Commerce in the initial quarter of 2024, underscoring Dubai’s escalating allure as a global commercial nucleus.
An examination conducted by the chamber unveiled that 4,351 new Indian firms enlisted during the period, significantly surpassing establishments from other countries.
Pakistan secured the second position with 2,222 fresh entrants, trailed by Egypt at 1,404.
The statistics also illustrate a broad geographical spectrum among the fresh members. Syria occupied the fourth slot with 736 companies joining, succeeded by the United Kingdom (698), Bangladesh (635), Iraq (501), Sudan (379), China (362), and Jordan (343).
Dubai Chamber of Commerce reports a prevalence of memberships in the trade and services sector.
Regarding industry segments, trade and services emerged as the most prominent, accounting for 42.3 per cent of the new enrollments.
Real estate, rental, and business services closely followed at 33.9 per cent, while construction (9.2 per cent) and transport, storage, and communications (8.1 per cent) trailed not far behind.
Social and personal services claimed the fifth spot with 6.5 per cent.
The findings from Dubai Chamber illustrate the emirate’s triumph in attracting overseas investment across various sectors. This pattern is anticipated to persist as Dubai fortifies its status as a premier hub for global commerce.
In recent developments, Dubai Chamber of Commerce established the Qazaqstan Business Council to bolster bilateral trade and investment connections between the business communities in Dubai and Qazaqstan.
The formation of the business council underscores the deepening economic ties between the two markets. The count of Qazaqstan companies registered as active members of Dubai Chamber of Commerce reached 589 by the end of Q1 2024.
Last year witnessed a record-breaking influx of Indian-owned companies becoming members of the Dubai Chamber of Commerce, with Pakistan and Egypt following suit.
