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Pakistan Ranks 2nd in New Company Registrations in Dubai for H1 2024

by Web Desk
August 15, 2024
in Business, New, News, Pakistan
0
Pakistan Ranks 2nd in New Company Registrations in Dubai for H1 2024

Pakistan Ranks 2nd in New Company Registrations in Dubai for H1 2024

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In the first half of 2024, 3,968 Pakistani companies registered with the Dubai Chamber of Commerce, securing the second position behind India, which led to 7,860 new registrations.

According to a recent report by the Dubai Chamber of Commerce, Indian investors topped the list of new non-Emirati companies, demonstrating Dubai’s significant appeal to international businesses. Pakistan followed closely, while Egypt ranked third with 2,355 new companies.

The report also highlighted the growth of other countries, with Syria, the UK, Bangladesh, Iraq, China, Sudan, and Jordan making notable contributions to Dubai’s business landscape. Syrian companies ranked fourth with 1,358 new registrations, while the UK and Bangladesh ranked fifth and sixth with 1,245 and 1,119 new companies, respectively.

In terms of sectoral distribution, the trade and repair services sector led with 41.5% of new registrations. It was followed by real estate, renting, and business services at 33.6%, construction at 9.4%, and transport, storage, and communications at 8.4%. The construction sector saw the most significant growth, increasing by 23.5% compared to the same period in 2023.

This data underscores Dubai’s robust ability to attract international investments and highlights the growing presence of Pakistani businesses in the emirate’s dynamic market.

Tags: latestPakistan
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