Top 10 Countries in Dubai Chamber of Commerce Registrations by 2023
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A record number of Indian-owned companies became members of the Dubai Chamber of Commerce last year, followed by Pakistan and Egypt.
This is indicated by the data published by the Dubai Chamber of Commerce this week, pointing to rising levels of Foreign Direct Investment (FDI) from nations in Asia, the Middle East and Europe.
The latest data released by the Dubai Chamber of Commerce highlights the nationalities of startups from outside the UAE that joined the chamber last year.
“Over the past year, Dubai has consistently attracted foreign direct investment from many different nations and sectors, underscoring the diversity of the emirate’s business environment and its broad economic appeal as a global business destination.”
saying Mohammad Ali Rashed Lootah, Chairman and CEO of Dubai Chambers.
“The notable increase in the diversity of nationalities represented among member company owners reflects Dubai’s growing prominence within the global business landscape, especially since the announcement of the Dubai Economic Agenda (D33).”
saying swag in a sentence.
According to data from the Dubai Chamber of Commerce, the 10 countries that topped the list of new registrations to the organization last year were the following:
- India: 15,481 new companies
- Pakistan: 8,036 new companies
- Egypt: 4,837 new companies
- Syria: 2,755 new companies
- United Kingdom – 2,267 new companies
- Bangladesh: 2,252 new companies
- China – 1,560 new companies
- Jordan: 1,469 new companies
- Iraq: 1,247 new companies
- Yemen: 1,214 new companies
The vast majority of new registered businesses were from the motor vehicle wholesale, retail and repair sector, accounting for 44.2 per cent of all new affiliations. They were followed by real estate, rental and commercial activities (32 percent), construction (8.3 percent) and transport, storage and communications (8.1 percent) of the new members.
India and Pakistan dominate
More than 15,000 Indian-owned companies became members of the Dubai Chamber of Commerce last year, far surpassing the listings of any other country.
This is indicated by the data published by the Dubai Chamber of Commerce this week, indicating how the number of Indian-owned companies listed on the DCC grew by 38 per cent year-on-year.
Meanwhile, Pakistan recorded an even faster growth rate of 71.2 percent compared to the previous year, while Syria recorded 28.8 percent, Bangladesh (50.8 percent growth), China (66 .5 percent), Iraq (95.5 percent) and Yemen (57.5 percent).
He Dubai Chamber of Commerce was established in 1965 and is a public non-profit organization tasked with representing, supporting and protecting the interests of the business community in Dubai.
News source: Gulf Business
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