Mohammad Ali Rashed Lootah

o  “The diversity of nationalities represented among the new companies joining the chamber reflects the vibrancy of Dubai's dynamic business environment, together with the emirate’s strong ability to consistently attract a broad range of foreign direct investment.”

o  “The chamber's extensive facilities, services, and activities add tremendous value for businesses and are closely aligned with our drive to achieve the goals of the Dubai Economic Agenda and the chamber's strategic priorities.”

       Indian companies accounted for 22.3% of new registrations during H1 2023 and brought the total number of Indian member companies to 90,118.

·       3,395 new Pakistani companies joined the chamber in H1 2023 to bring the total number of Pakistani-owned businesses to more than 40,000.

      The number of new Egyptian companies joining the chamber recorded a year-over-year growth of 102% during H1 2023.

       963 new companies from the United Kingdom joined the chamber during the first half of 2023, with the total number of UK-owned companies now exceeding 10,000.

       664 new Chinese companies joined the chamber in H1 2023, a year-over-year increase of 69% that brings the total number of Chinese companies to 8,265.

       Jordanian and Lebanese companies were also among the highest-ranking new member companies, with 639 Jordanian companies and 588 Lebanese companies joining the chamber during the six-month period.

       42.4% of new companies are engaged in trade and repair services, while 30.8% specialise in the real estate, renting, and business services sector.

       Ownership nationalities with the highest growth rates during H1 2023 included Japan, Kyrgyzstan, Tanzania, and Hungary.

Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that Indian investors topped the list of nationalities behind new companies joining the chamber during the first half of 2023. A total of 6,717 new Indian-owned companies signed up for membership in H1 2023, compared to 4,845 in H1 2022, representing year-over-year growth of 39%.

In total, Indian companies accounted for 22.3% of the 30,146 new companies that joined the chamber in H1 2023. The number of Indian companies registered by the end of June 2023 increased to 90,118, reflecting the important role Indian companies play in supporting the sustainable growth of Dubai’s economy

The UAE ranked second in the number of new companies joining the chamber during the first half of this year, with 4,445 new companies registered. Pakistan ranked third with 3,395 new companies, an increase of 59% compared to H1 2022 that brought the total number of Pakistani companies registered to 40,315.