According to a recent analysis by Dubai Chamber of Commerce, one of the three chambers operating under the Dubai Chambers umbrella, the top non-Emirati company to join the chamber in the first quarter of this year was an Indian investor, with 4,351 new companies.
The results underscore the emirate’s increasing allure for foreign enterprises and demonstrate Dubai’s remarkable capacity to draw in direct investments from India.
After Egypt, which had 1,404 new companies register as chamber members, Pakistan came in second place on the list with 2,222 new companies joining in Q1 2024.
Syria ranked fourth among the top nationalities of new member companies,, with 736 new companies joining the chamber in the year’s first quarter.
In addition to fostering a dynamic business environment and advancing the emirate as a major international business hub, the Dubai Chamber of Commerce, founded in 1965, still represents, supports, and safeguards the interests of the business community in Dubai.
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President and Prime Minister of the United Arab Emirates and the ruler of Dubai, issued an order reorganizing Dubai Chambers, which comprises three chambers functioning inside it.With 42.3% of the total, the trade and services sector ranked highest in the sectoral distribution of new member companies that joined the chamber during Q1 2024.
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