Dubai International Chamber, one of three chambers under Dubai Chambers, continued to drive foreign direct investment (FDI) and facilitate the expansion of local businesses into international markets throughout 2024.
Its initiatives contributed to Dubai’s economic sustainability and strengthened foreign trade relations with key global markets. The chamber successfully attracted 207 companies to Dubai, including multinational corporations (MNCs) and small and medium-sized enterprises (SMEs), marking a 56% increase from the 133 companies recorded in 2023.
Among these, 51 MNCs established a presence in Dubai, reflecting a 55% rise from 33 in 2023, while 156 SMEs were attracted, up 56% from 100 the previous year. Additionally, 114 local firms expanded into new international markets, a 48% increase from 77 in 2023.
Sultan Ahmed bin Sulayem, Chairman of Dubai International Chamber, highlighted these results as a testament to the chamber’s success in attracting global investors and supporting Dubai-based businesses in their international growth. He emphasised the role of the chamber’s international offices in showcasing Dubai’s opportunities and strengthening companies’ global expansion strategies.
In 2024, the chamber opened two new offices in Kazakhstan and Colombia, increasing its international presence to 33 offices. It hosted 182 delegations with 500 participants and took part in 127 global events across 78 cities in 50 countries.
Under its ‘New Horizons’ initiative, trade missions were conducted in eight countries, including Indonesia, Vietnam, and Türkiye, facilitating 2,205 business meetings—an 88% rise from 2023. The chamber also launched international editions of the Dubai Business Forum in China and the UK, attracting 1,150 participants.
Additionally, high-profile business forums were held in Dubai, including engagements with leaders from China, Chile, and Vietnam, reinforcing the emirate’s position as a global trade and investment hub.