Dubai International Chamber welcomes 207 companies in 2024
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Dubai International Chamber welcomes 207 companies in 2024

Dubai International Chamber welcomes 207 companies in 2024

This development reflects Dubai’s role as a global business hub and the chamber’s support of its economic growth through strategic international collaborations

Gulf Business
Dubai international Chambers attracts 207 companies in 2024 Image Dubai Media office

Dubai International Chamber, part of Dubai Chambers, continued to drive foreign direct investment (FDI) to the emirate and facilitate the expansion of local businesses into international markets throughout 2024.

In 2024, the chamber successfully attracted 207 companies to Dubai, marking a 56 per cent increase compared to the 133 companies it drew in 2023.

The new arrivals included 51 multinational companies (MNCs) and 156 small and medium-sized enterprises (SMEs).

The number of MNCs attracted increased by 55 per cent, from 33 in 2023 to 51 in 2024, while the number of SMEs grew by 56 per cent, from 100 to 156.

In addition to attracting new businesses, Dubai International Chamber helped 114 local companies expand into new international markets, a 48 per cent increase compared to the 77 companies supported in 2023.

Dubai International Chamber: Supporting business communities’ growth

Sultan Ahmed bin Sulayem, chairman of Dubai International Chamber, said: “The results achieved during 2024 reflect the impact of the chamber’s efforts to enhance Dubai’s appeal among global investors and support the growth of the local business community on the international stage.”

Bin Sulayem further emphasised the importance of the chamber’s international offices in expanding Dubai’s global footprint. “The chamber’s international offices play a vital role in showcasing the opportunities Dubai offers for international investors and supporting multinational companies in leveraging the emirate’s competitive advantages, as well as enhancing the capabilities of Dubai-based companies to expand their operations into key international markets,” he said.

As part of its ongoing expansion, Dubai International Chamber opened two new offices in Kazakhstan and Colombia in 2024, bringing the total number of international representative offices to 33. These new offices strengthen efforts to attract foreign investment and provide support to Dubai-based businesses seeking opportunities in emerging global markets.

The chamber’s international outreach also included hosting 182 visiting delegations, with 500 participants, and participating in 127 global events across 78 cities in 50 countries last year.

International trade missions and forums organised

In line with its drive to foster international cooperation, Dubai International Chamber organised multiple trade missions under its ‘New Horizons’ initiative.

These missions visited Indonesia, Vietnam, Senegal, Morocco, Serbia, Türkiye, Uganda, and Tanzania in 2024.

During these missions, a total of 2,205 bilateral business meetings were arranged between Dubai-based companies and their counterparts in these countries, representing an 88 per cent increase in the number of meetings compared to 2023.

The chamber also launched international editions of the Dubai Business Forum, including the Dubai Business Forum – China in Beijing and the Dubai Business Forum – UK in London, both of which collectively attracted 1,150 participants.

Additionally, the chamber organised key business forums in Dubai, such as the UAE-China Business Forum, the Dubai–Chile Business Forum, and the Vietnam–UAE Business Forum.

 

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