Over 3,900 Pakistani companies join Dubai Chamber in H1 2024
Pakistani companies aiming to expand their reach in Mideast, North Africa view Dubai as an attractive entry point
Dubai: In a notable development, Pakistan has emerged as the second-largest contributor to the Dubai Chamber of Commerce in the first half of 2024, with over 3,900 Pakistani companies joining. This surge in registrations places Pakistan just behind India, with 7,860 new companies.
Egypt ranked third with 2,355 new companies, followed by Syria with 1,358 and the UK with 1,245. Bangladesh, Iraq, China, Sudan, and Jordan also made significant contributions, completing the top ten for new member registrations in the first half of the year.
For Pakistani companies, membership in the Dubai Chamber of Commerce facilitates entry into the Gulf market and opens doors to extensive networking, investment opportunities, and growth in a competitive global arena.
The UAE’s status as a global business hub offers unparalleled advantages, including a favorable business climate, strategic connectivity, and access to international markets.
Sectors leading the charge
Although specific data on Pakistani company sectors is unavailable, the overall business landscape in Dubai provides some clues.
Trade and repairing services dominated as the most popular sector for new companies, accounting for 41.5% of the total.
Real estate, renting, and business services followed closely with 33.6%, while construction and transportation also saw substantial growth.
Dubai: A strategic hub for regional expansion
Pakistan views Dubai as a strategic gateway to the wider Middle East and North African markets. The emirate's world-class infrastructure, business-friendly environment, and strong trade connections make it an ideal platform for Pakistani companies to expand their reach.
As the number of Pakistani businesses in Dubai continues to grow, it is clear that the economic relationship between the two countries is flourishing, promising increased trade and investment opportunities in the future.