Dubai International Chamber, operating under Dubai Chambers, has announced a remarkable surge in multinational companies (MNCs) attracted to Dubai in 2024.
The chamber successfully brought 51 MNCs to the emirate, marking a 55% increase compared to 33 companies in 2023. This achievement highlights Dubai’s rising prominence as a key global investment hub.
Asia emerged as the leading contributor, accounting for 62.7% of the total MNCs attracted. Latin America and Europe followed, each contributing 11.8%, while the Middle East and Eurasia represented 9.7%. Africa and Australia added 2% each to the overall influx.
Five sectors collectively made up 50% of the MNCs, with construction, trade and logistics services, manufacturing, ICT (including AI, robotics, and blockchain), and retail, fashion, travel, and hospitality each holding a 10% share. The mobility sector, covering aerospace, space, and autonomous transport, accounted for 8%, while healthcare, finance, and energy sectors collectively contributed 18%.
The chamber also expanded its global footprint by opening two new offices in Kazakhstan and Colombia, bringing its total representative offices to 33. This strategic expansion supports Dubai’s vision of enhancing foreign investments and opening new economic opportunities in high-potential global markets.
News Source: Dubai Media Office
