According to a recent analysis by Dubai Chamber of Commerce, one of the three chambers functioning under the umbrella of Dubai Chambers, Indian investors topped the list of new non-Emirati companies joining the chamber during the first quarter of this year, with 4,351 new companies.
The results demonstrate Dubai’s potent ability to attract direct investments from India and its increasing allure for foreign companies.
With 2,222 new companies joining in Q1 2024, Pakistan came in second on the list, followed by Egypt with 1,404 new companies registering as chamber members.
With 736 new Syrian companies joining the chamber in the first quarter of this year, Syria ranks fourth among the top nationalities of new member companies.
Since its founding in 1965, the Dubai Chamber of Commerce has worked to advance the emirate as a major international business hub, foster a dynamic business environment, and represent, support, and safeguard the interests of Dubai’s business community.
The chamber is one of three chambers that function under Dubai Chambers, which was reorganized by a mandate from His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the Ruler of Dubai and Vice President and Prime Minister of the United Arab Emirates. The trade and services sector accounted for 42.3% of all new member companies that joined the chamber in Q1 2024, placing it at the top of the sectoral distribution.
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