Asia accounts for 62.7% of the multinational companies attracted by Dubai International Chamber during 2024 – Business – Economy and Finance

Dubai Worldwide Chamber, one of many three chambers working beneath Dubai Chambers, has revealed that 62.7% of the multinational corporations (MNCs) it interested in Dubai in 2024 originated from Asia, underlining Dubai’s rising standing as a key funding hub for worldwide firms.

Latin America and Europe every accounted for 11.8% of the entire multinational corporations attracted in 2024. The Center East and Eurasia accounted for 9.7%, whereas the African continent and Australia each contributed 2% of the entire.

5 key sectors accounted for 50% of the MNCs interested in Dubai by the chamber in 2024, every representing a ten% share. These included building, commerce and logistics providers; manufacturing; data and communication expertise together with AI, robotics, blockchain, and software program; and retail, style, journey, hospitality and tourism.

8% of the MNCs attracted in 2024 specialised within the mobility sector, together with aerospace, area, autonomous transport, and conventional transport.

Three different sectors collectively accounted for 18% of the MNCs attracted, with every representing 6% of the entire. These included healthcare and prescription drugs; finance, banking, and funding banking; and vitality, together with oil and gasoline, renewable vitality, and cleantech.

Dubai Worldwide Chamber efficiently attracted 51 MNCs to Dubai in 2024, representing annual development of 55% in comparison with the 33 corporations attracted in 2023. The chamber additionally expanded its international presence by opening two new worldwide places of work in Kazakhstan and Colombia, rising its complete variety of consultant places of work to 33. The chamber’s efforts reinforce Dubai’s attraction as a world enterprise hub, enhancing overseas funding attraction and supporting Dubai-based corporations in exploring new financial and commerce alternatives in high-potential international markets.

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