Dubai: A recent analysis by the Dubai Chamber of Commerce, one of the three chambers under Dubai Chambers, revealed that Indian businesses led the list of new non-Emirati companies joining during the first quarter of this year, with 4,351 new companies.
These findings underscore Dubai’s strong ability to attract direct investments from India and highlight its growing appeal among international businesses.
Pakistan ranked second, with 2,222 new companies joining in Q1 2024, followed by Egypt with 1,404 new companies.
In the first quarter, 736 new Syrian companies joined the chamber, placing Syria fourth on the list.
The United Kingdom ranked fifth, with 698 new companies, while Bangladesh ranked sixth with 635 new companies.
Iraq secured seventh place with 501 new member companies, and Sudan was eighth with 379 new companies joining the chamber.
China ranked ninth with 362 new companies, and Jordan was tenth with 343 new companies.
Regarding the sectoral distribution of new member companies in Q1 2024, the trade and services sector ranked first, accounting for 42.3 percent of the total. The real estate, renting, and business services sector came in second, representing 33.9 percent of the total. The construction sector was third with 9.2 percent, and the transport, storage, and communications sector ranked fourth with 8.1 percent. The social and personal services sector came in fifth with 6.5 percent.
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Indian businesses have found a fertile ground for growth in Dubai, leveraging the emirate’s strategic location, business-friendly policies, and multicultural environment. With a strong presence across various sectors such as retail, real estate, hospitality, and technology, Indian entrepreneurs have established themselves as key players in Dubai’s vibrant economy. Their expertise, coupled with Dubai’s infrastructure and access to global markets, has propelled many Indian businesses to unprecedented heights, fostering innovation and collaboration within the dynamic business ecosystem of the UAE.
Furthermore, the deep historical ties between India and the UAE, along with a large expatriate Indian community, provide a solid foundation for Indian businesses to thrive in Dubai. This network facilitates cross-border trade, investment, and cultural exchange, enabling Indian companies to tap into diverse opportunities and forge valuable partnerships. As Dubai continues to position itself as a global hub for trade and commerce, Indian businesses remain at the forefront, contributing significantly to the emirate’s economic growth and reinforcing the strong bilateral relations between India and the UAE.
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