DUBAI: Dubai International Chamber has revealed that 62.7% of the multinational companies (MNCs) it attracted in 2024 originated from Asia, reinforcing Dubai’s position as a global business hub.
Latin America and Europe each contributed 11.8%, while the Middle East and Eurasia accounted for 9.7%. Africa and Australia each made up 2% of the total.
Key sectors driving investment
Five major industries contributed 50% of MNCs entering Dubai, each holding a 10% share:
✅ Construction, trade, and logistics
✅ Manufacturing
✅ Information and communication technology (AI, robotics, blockchain, software)
✅ Retail, fashion, travel, hospitality, and tourism
The mobility sector, covering aerospace, space, and autonomous transport, accounted for 8% of the firms.
Three other sectors made up 18%, each securing 6%:
✔ Healthcare and pharmaceuticals
✔ Finance, banking, and investment
✔ Energy (oil & gas, renewables, cleantech)
Dubai’s global business appeal grows
In 2024, 51 MNCs established themselves in Dubai, a 55% increase from 33 companies in 2023. The chamber also expanded internationally, launching offices in Kazakhstan and Colombia, bringing its total to 33 global offices.
Dubai’s ability to attract foreign investment continues to strengthen its position as a leading international business hub, offering companies access to high-growth markets and economic opportunities worldwide.
