In a recent analysis by the Dubai Chamber of Commerce, it was revealed that the trading and services sector experienced a remarkable surge in new membership in 2024.
A total of 29,000 new companies joined the chamber, highlighting the sector's crucial role in Dubai’s ongoing economic diversification.
The construction sector also demonstrated impressive growth, with 7,434 new companies becoming members in 2024, marking a 33% increase compared to the previous year. This surge underlines the sector’s resilience and significant contribution to the city’s expansion.
The real estate, renting, and business services sector saw the addition of 23,204 new companies, reflecting a steady annual growth rate of 8.4%. Meanwhile, the transport, storage, and communication sector welcomed 5,901 new members, an 8.3% increase over 2023.
Moreover, the financial intermediation sector witnessed an uptick, with 1,830 new companies joining, signifying a growth rate of 8.3%.
With a total of 70,500 new companies joining Dubai Chamber of Commerce in 2024, these figures solidify Dubai’s reputation as a thriving global investment hub. The substantial growth across various sectors reinforces the city's competitive advantages, making it an attractive destination for businesses seeking opportunities on the international stage.
News Source: Emirates News Agency
