Indian firms lead among new international members of Dubai Chamber of Commerce in first quarter of 2024

According to a recent analysis by the Dubai Chamber of Commerce, one of the three chambers that make up Dubai Chambers, Indian companies topped the list of new non-Emirati companies joining the chamber in the first quarter of this year. 

These figures emphasise Dubai's ability to attract direct investment from India and the emirate's growing attractiveness to international business.

The number of companies from Egypt was also emphasised, with 1,404.

China placed ninth, with 362 new companies. This is reported by Emirates News Agency (WAM), a partner of TV BRICS.

The results highlight Dubai's strong ability to attract direct investment from India and emphasise the emirate's growing attractiveness among international businesses.

In terms of sectoral distribution of new companies joining the chamber in the first quarter of 2024, the trade and services sector led the way, accounting for 42.3 per cent of the total. Second place went to the property, lettings and business services sector with 33.9 per cent. In third place was the construction sector with 9.2 per cent, while the transport, storage and communications sector ranked fourth with 8.1 per cent. The social and personal services sector ranked fifth with 6.5 per cent.

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