Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that Indian investors topped the list of nationalities behind new companies joining the chamber during the first half of 2023. A total of 6,717 new Indian-owned companies signed up for membership in H1 2023, compared to 4,845 in H1 2022, representing year-over-year growth of 39%.
In total, Indian companies accounted for 22.3% of the 30,146 new companies that joined the chamber in H1 2023. The number of Indian companies registered by the end of June 2023 increased to 90,118, reflecting the important role Indian companies play in supporting the sustainable growth of Dubai’s economy.