DUBAI: In 2024, the Dubai Chamber of Commerce has emerged as a beacon of investment attraction, with India leading the way in new foreign company registrations.
With an impressive 16,623 new members, India has significantly outpaced other nations, closely followed by Pakistan with 8,179 new registrants, and Egypt securing third place with 5,302 companies joining its ranks. This remarkable influx of foreign businesses underscores Dubai’s growing reputation as a thriving global investment hub.
A detailed analysis by the Dubai Chamber highlights several countries that have experienced notable growth rates among new memberships. Iraq, Turkey, and the United Kingdom have distinguished themselves within the top ten nationalities. Iraq recorded a remarkable 37.8 per cent increase, with 1,718 companies joining in 2024, while Turkey saw a 25.5 per cent rise, resulting in 1,314 new companies.
The United Kingdom’s presence also grew by 14.2 per cent, with 2,588 companies registering this year. Such statistics reflect an expanding diversity among investors, demonstrating Dubai’s ability to attract a wide range of economic contributors.
Emirate’s economic resilience
In addition to the top three leaders, the data reveals significant contributions from other nations. Syria ranked fourth with 2,764 new companies, followed by Bangladesh with 2,369. Jordan and China also made substantial entries, with 1,474 and 1,473 new companies, respectively.
The construction, trading, and services sectors emerged as dominant forces, accounting for a staggering 41.1 per cent and 32.9 per cent of the new memberships respectively.
The surge in registrations is not merely a numerical achievement; it signifies Dubai’s increasing global connectivity and attractiveness to foreign investors. The diversified array of businesses joining the chamber showcases the emirate’s economic resilience and the promising prospects it offers for future growth.
As more companies seek opportunities within Dubai’s dynamic market, it is apparent that the emirate will continue to solidify its status as a preferred destination for international business ventures.
