Dubai Chamber of Commerce Welcomes 7,860 New Indian Companies
A recent analysis by Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, revealed that Indian companies continue to lead the list of nationalities for new investors joining the chamber during the first half of the current year, excluding UAE nationals.
A total of 7,860 new Indian companies joined the chamber, reflecting Dubai’s attractiveness to Indian investors and business men.
Who Comes After Indian Companies on Dubai Chamber of Commerce new Investors list ?
After the Indian companies on the list, Pakistan ranked the second with 3,968 new companies during the first half of the year.
While Egypt came in third place with 2,355 newly registered Egyptian companies as chamber members.
Syria accounted for 1,358 new companies that joined the chamber during the first half of the year.
Placing it fourth on the list of nationalities for new companies during this period.
The United Kingdom secured the fifth position, with 1,245 new UK companies joining the chamber.
While Bangladeshi companies ranked sixth, with 1,119 new Bangladeshi companies becoming chamber members in the first half of the year.
Iraq, China, Sudan and Jordan Are Also in !
Iraq occupied the seventh position in the list of nationalities for new companies joining the chamber, with 799 new companies during the first half.
Chinese companies followed in eighth place, with 742 new companies joining the chamber.
Sudanese companies ranked ninth, with 683 newly registered Sudanese companies as chamber members.
While Jordan came in tenth place, with 674 new Jordanian companies joining the chamber during the first half of the current year.
What Are the Sectors of the New Joined Companies ?
Regarding the sectoral distribution of new companies joining the Dubai Chamber during the first half of the year …
The trade and repair services sector took the lead, accounting for 41.5% of the new companies.
Real estate, leasing, and business services sector followed closely in second place, representing 33.6% of the total.
The construction sector ranked third, comprising 9.4% of the total.
While the transport, storage, and communication sector held the fourth position with 8.4% of the new companies.
Social and personal services rounded out the top five sectors, accounting for 6.6%.
In terms of the highest growth rates among the top companies joining Dubai Chamber during the first half of the current year, the construction sector led with a growth rate of 23.5% compared to the same period in 2023.
The transport, storage, and communication sector followed in second place with a growth rate of 13.6%.
While the real estate, leasing, and business services sector ranked third with a growth rate of 9.5%.
Why are the Indian Companies Choosing Dubai ?
Indian companies are increasingly choosing Dubai as a preferred destination for global expansion, and there are several compelling reasons behind this trend:
- Business-Friendly Environment: Dubai offers a business-friendly operating environment.
Its efficient bureaucracy, ease of doing business, and supportive regulatory framework. - Taxation Benefits: Dubai’s transparent taxation system, with no personal income tax or corporate tax, is a significant draw for companies.
- Strategic Location: Dubai’s strategic location at the crossroads of Europe, Asia, and Africa provides easy access to markets across these continents.
- Robust Infrastructure: The city boasts world-class infrastructure, including modern airports, ports, and logistics facilities.
- 100% Foreign Ownership: Dubai allows 100% foreign ownership in many sectors, making it an attractive proposition for investors.
OPEC confirmed that the UAE economy continues its strong growth, especially in non-oil sectors such as real estate, tourism and manufacturing. pic.twitter.com/iWrKUbi5BL
— UAE Voice (@uae_voiceeng) August 13, 2024
- Stability and Reliability: Dubai’s stable political environment, reliable legal system, and investor-friendly policies provide confidence to businesses.
- Consumer Adoption Rate: Dubai has a high consumer adoption rate for new products and services.
- Low Cost of Customer Acquisition: Companies find it relatively cost-effective to acquire customers in Dubai.
Due to its well-connected business ecosystem and receptive consumer base. - Trade Links with Africa: Over the past decade, trade links between African nations and the UAE (including Dubai) have strengthened significantly.
- Vision for Continued Growth: Dubai’s forward-thinking vision and commitment to innovation position it as a hub for future growth.
In summary, Dubai’s blend of economic advantages, strategic location, and supportive business environment makes it an appealing choice for Indian companies seeking global expansion.
Whether it’s startups, MSMEs, or large corporations, Dubai continues to attract diverse businesses from around the world.
