News DeskDubai, UAE – A recent analysis conducted by the Dubai Chamber of Commerce has unveiled a significant influx of international businesses establishing themselves in the emirate during the first quarter of 2024. Among these new entrants, Indian investors emerged as the most prominent, with 4,351 Indian companies joining the chamber’s membership. This surge highlights Dubai’s robust ability to attract direct investments from India, reinforcing its position as a prime hub for global business.
Following India, Pakistan ranked second with 2,222 new companies, while Egypt secured third place with 1,404 new registrations. Syrian businesses also showed a strong presence, with 736 new companies, positioning Syria in fourth place.
The United Kingdom, with 698 new companies, ranked fifth, followed by Bangladesh, which contributed 635 new companies to the chamber’s membership. Iraq and Sudan followed in seventh and eighth places, with 501 and 379 new companies, respectively. China and Jordan rounded out the top ten, with 362 and 343 new companies joining during the first quarter.
In terms of sectoral distribution, the trade and services sector dominated, accounting for 42.3% of the new member companies. The real estate, renting, and business services sector followed, representing 33.9%. The construction sector ranked third with 9.2%, while the transport, storage, and communications sector accounted for 8.1%. The social and personal services sector comprised 6.5% of the new memberships.
These findings underscore Dubai’s growing appeal among international businesses and its strategic position as a leading global business destination.
