Indian Investors Lead New Membership at Dubai Chamber of Commerce in 2024

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Indian businesses have solidified their position as top contributors to Dubai’s thriving economy, according to the latest analysis by Dubai Chamber of Commerce. In the first nine months of 2024, Indian entrepreneurs established 12,142 new companies, representing the highest number of non-Emirati memberships in the chamber. This trend underscores Dubai’s enduring appeal as a global business hub and its magnetic pull for Indian investors.

Surge in Membership from Diverse Nationalities

Following India, Pakistan emerged as the second-largest contributor, with 6,061 new companies joining during the same period. Egypt ranked third with 3,611 new businesses, while Syria secured the fourth position with 2,062 new members. The United Kingdom completed the top five with 1,886 registrations.

Other notable contributors included Bangladesh (1,669 new companies), Iraq (1,346), and China (1,109). Jordan and Sudan rounded out the top ten, with 1,069 and 1,007 new companies, respectively.

Key Sectors Driving Growth

A sectoral breakdown of the new memberships reveals that the trade and services sector accounted for 41.5% of the total registrations, highlighting Dubai’s role as a regional trading powerhouse. The real estate, renting, and business services sector followed closely at 33.3%, reflecting robust investor confidence in Dubai’s property market.

Other significant sectors included construction (10.4%), transport, storage, and communications (8.6%), and social and personal services (6.8%). These figures demonstrate the diverse opportunities available in Dubai for entrepreneurs across various industries.

Why Dubai Attracts Global Entrepreneurs

Dubai’s strategic location, business-friendly policies, and world-class infrastructure continue to attract businesses from around the globe. Its seamless connectivity, tax advantages, and ease of doing business make it a preferred destination for startups and established companies alike. Indian investors, in particular, benefit from Dubai’s deep cultural and historical ties with India, as well as its large Indian diaspora.

A Promising Outlook

As Dubai strengthens its position as a global business hub, the influx of new companies is expected to grow, further diversifying the emirate’s economic landscape. With initiatives aimed at fostering innovation and sustainability, Dubai remains a beacon of opportunity for entrepreneurs worldwide.

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