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Indian businesses top list of new companies joining Dubai Chamber of Commerce in H1 2024

DUBAI -  A recent analysis by Dubai Chamber of Commerce, one of the three chambers

operating under the umbrella of Dubai Chambers, has revealed that Indian investors topped the

list of new non-Emirati companies joining the chamber during the first half of this year, with 7,860 new companies.

The findings highlight Dubai’s strong ability to attract direct investments from India and

underline the emirate's growing appeal among international businesses.

Pakistan ranked second on the list with 3,968 new companies joining in H1 2024, while Egypt

followed with 2,355 new companies registering as members of the chamber.

During the first half of the year, 1,358 new Syrian companies joined the chamber, placing the

country fourth among the top nationalities of new member companies.

The United Kingdom ranked fifth with 1,245 new companies, while Bangladesh ranked sixth

with 1,119 new Bangladeshi companies during H1 2024.

Iraq secured seventh place on the list with 799 new member companies, and companies from

China claimed the eighth spot with 742 new companies joining the chamber’s membership.

Sudan ranked ninth on the list, with 683 new Sudanese companies registering as members of the

chamber. Jordan claimed the tenth spot, with 674 new companies joining the chamber’s

membership during the first half of this year.

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. This was followed by the construction sector in third place on 9.4%, and the transport,

storage, and communications sector, which ranked fourth with 8.4%. The social and personal

services sector came in fifth place on 6.6%.

The construction sector demonstrated the strongest growth among the top five sectors of the new

companies joining the Dubai Chamber of Commerce in the first half of 2024, registering a

growth of 23.5% compared to the same period in 2023. The transport, storage, and

communications sector followed behind, achieving a growth rate of 13.6%. The real estate,

renting, and business services ranked third, exhibiting a 9.5% increase year-over-year.