Sharjah eyes Ethiopia investment opportunities amid growing UAE-Africa trade Saudi Arabia to raise minimum wage threshold Bahrain poised for V-shaped rebound in 2027 after energy sector setback US bank J.P. Morgan facilitates Syrian deal for Saudi oil products Abu Dhabi advances UK investment ties through London forum, 56 meetings Abdullah bin Zayed joins trilateral meeting with FMs of US, India Dubai's GDP reaches $129bln in H1 2026 Saudi economy remains resilient despite Middle East conflict, SAMA governor says Middle East economy set for strong 6.6% rebound in 2027: IMF Technology, start-ups can double India-UAE trade to $200bln: Forum Dubai Cashless Strategy exceeds 2026 targets UAE to participate in World Bank Group and IMF Annual Meetings in Bangkok UAE President receives phone call from Canadian Prime Minister Etihad Rail putting UAE’s property market on a new track, says expert Sharjah recorded 45% growth in FDI projects in 2025 Saudi Arabia plans IPO, short-selling reforms within 90 days: CMA NBB expands Bahrain real estate partnerships with two new deals His Majesty Sultan Haitham reviews economic, investment projects at SEZ in Duqm Ras Al Khaimah Chamber, Greater Miami Chamber of Commerce strengthen trade, investment ties Saudi ranks among world's top countries in trade indicators UAE deploys $272mln fund to bolster critical industries Etihad Rail, AD Ports launch direct Fujairah-Abu Dhabi freight service Sharjah-Oman logistics corridor cargo value jumps 66% to $463mln Saudi Arabia seeks greater private-sector role in industrial growth Oman Islamic banking assets top over $24bln Salama, Ajman Bank establish strategic partnership CBUAE, Mastercard conclude programme to strengthen national capabilities in fraud risk management Qatar Chamber enhances trade relations with Malaysia's Malacca State Saudi business confidence climbs to 56.7 points on industry, services gains Qassim Cement to acquire 100% of A-Mix for $17.3mln

Log in

عربي

Media Centre

Home » Media Centre

Dubai chamber sees 33% growth in construction firms

Dubai chamber sees 33% growth in construction firms

Dubai chamber sees 33% growth in construction firms

Mar 19, 2025

UAE - More than 29,000 new companies operating in the trading and services sector joined the Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, during 2024.

This significant growth reflects the sector’s pivotal role in Dubai’s economic diversification, said the chamber.

The construction sector witnessed substantial growth in memberships, with 7,434 new companies joining the chamber in 2024, representing an increase of 33% compared to 2023.

A total of 23,204 new companies operating in the real estate, renting, and business services sector joined the chamber last year, reflecting annual growth of 8.4%, while 5,901 new companies in the transport, storage, and communication sector joined the chamber, an increase of 8.3% over 2023’s figure.

The financial intermediation sector also expanded, with 1,830 new companies joining the chamber, representing growth of 8.3%.

A total of 70,500 new companies joined Dubai Chamber of Commerce during 2024, reinforcing Dubai’s position as a global investment hub that offers exceptional competitive advantages for businesses worldwide, a statement said. - TradeArabia News Service