Iraq leads growth in new foreign companies joining Dubai Chamber
– Iraq had the fastest growth rate among the top 10 nationalities of new foreign firms entering the chamber in 2024, according to a recent report by the Dubai Chamber of Commerce, one of the three chambers under Dubai Chambers. The United Kingdom and Turkey are among the other nations on the list.
Compared to the 1,247 Iraqi businesses that were registered in 2023, the number of new Iraqi businesses joining the Dubai Chamber of Commerce increased to 1,718 in 2024, a 37.8% rise.
Significant growth was also seen by Turkish businesses, as 1,314 new businesses joined in 2024, up 25.5% from 1,047 in 2023. The UK continued to be a major contributor, registering 2,588 new businesses in 2024—a 14.2% rise over 2,267 in 2023.
The rise in Iraqi companies joining the Dubai Chamber highlights the strengthening economic ties between Iraq and the UAE, which have improved significantly over the past several years. This positive momentum reflects increased trade, investment, and business collaboration between the two nations.
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