Pakistan Ranks 2nd Among New Companies Registered in Dubai During H1 2024

In the first half of 2024, Pakistan emerged as the second-largest source of new companies joining the Dubai Chamber of Commerce, with a total of 3,968 Pakistani firms registering. This notable achievement places Pakistan just behind India, which saw 7,860 new companies becoming members during the same period, highlighting Dubai’s appeal as a prime destination for business and investment.

Dubai’s Growing Appeal to International Businesses

A recent analysis by the Dubai Chamber of Commerce, which operates under the umbrella of Dubai Chambers, reveals that Indian investors led the list of non-Emirati companies joining the chamber in H1 2024. The influx of Indian companies underscores Dubai’s attractiveness as a hub for direct investment from India, reflecting the emirate’s growing reputation as a global business center.

Pakistan’s second-place ranking with 3,968 new companies further emphasizes the emirate’s appeal to international entrepreneurs. Egypt followed in third place with 2,355 new companies joining the chamber. The analysis highlights Dubai’s role as a magnet for businesses from diverse nationalities, fostering a dynamic and multicultural business environment.

Significant Contributions from Other Countries

In addition to India, Pakistan, and Egypt, several other countries contributed significantly to the growth of new companies in Dubai. Syria saw 1,358 companies join the chamber, securing fourth place. The United Kingdom ranked fifth with 1,245 new companies, followed by Bangladesh, which added 1,119 companies to the chamber’s membership in H1 2024.

Iraq, China, Sudan, and Jordan also made notable contributions. Iraq claimed the seventh spot with 799 new companies, while China followed closely with 742 new registrations. Sudan ranked ninth with 683 new companies, and Jordan completed the top ten with 674 new companies joining the Dubai Chamber of Commerce.

Sectoral Distribution of New Member Companies

The sectoral analysis of new member companies joining the chamber in the first half of 2024 shows a strong concentration in trade and repairing services, which accounted for 41.5 percent of the total. This sector’s dominance reflects Dubai’s role as a key trading hub in the region.

The real estate, renting, and business services sector came in second, representing 33.6 percent of the total new registrations. This was followed by the construction sector, which accounted for 9.4 percent of the new companies. The transport, storage, and communications sector ranked fourth with 8.4 percent, while the social and personal services sector rounded out the top five with 6.6 percent of the new registrations.

Strong Growth in the Construction Sector

Among the top five sectors, the construction sector demonstrated the strongest growth, with a 23.5 percent increase compared to the same period in 2023. This surge reflects Dubai’s ongoing infrastructure development and its appeal to companies involved in large-scale projects.

The transport, storage, and communication sectors also showed robust growth, achieving a 13.6 percent increase year-over-year. The real estate, renting, and business services sector saw a 9.5 percent increase, further highlighting the steady demand for these services in Dubai’s thriving economy.