Abu Dhabi Chamber: Indian companies are an essential contributor to the growth of Abu Dhabi’s economy
Abu Dhabi, 14 November / WAM / The membership of Indian companies in the Abu Dhabi Chamber of Commerce and Industry has recorded rapid growth, as the compound annual growth rate of membership of Indian companies reached 38.4% during the period from 2019 to 2024.
This growth comes within the framework of the continued expansion of trade and investment cooperation between the two sides, especially after the Comprehensive Economic Partnership Agreement between the UAE and India entered into force in 2022, which opened new horizons to facilitate the movement of trade, enhance the flow of investments, and expand areas of cooperation in the sectors of the new economy.
His Excellency Shams Ali Al Dhaheri, Second Deputy Chairman of the Abu Dhabi Chamber of Directors and Managing Director, stressed that the rapid growth in the membership of Indian companies reflects the growing confidence in the strength of the economy and the attractiveness of the investment environment in Abu Dhabi, and the confidence of the Indian business community in the advanced economic environment in the emirate, and its ability to provide qualitative opportunities for growth and regional expansion, thus enhancing its position as a global center for business and investment.
For his part, His Excellency Ali Mohammed Al Marzouqi, Director General of the Abu Dhabi Chamber, said: Indian companies represent an essential contributor to the growth of Abu Dhabi’s economy, and the rise in memberships reflects the confidence of the Chamber’s partners from India in policies that support business, modern infrastructure, and openness to regional and global markets, stressing that the Chamber provides integrated services to local and international companies that enable them to transform their ambitions into successful projects, starting from establishing companies and issuing licenses, passing through standards and certificates, supporting suppliers, and encouraging exports. To strengthen global partnerships.
The activity of Indian companies in Abu Dhabi is distributed across multiple sectors, the most prominent of which is wholesale and retail trade, which accounts for 45% of the total membership, while the building and construction sector represents 14%. The Chamber’s record also includes significant percentages in administrative activities, hospitality, professional and technical services, manufacturing industries, transportation, warehousing, information technology, and real estate.
This diversity confirms Abu Dhabi’s ability to attract companies operating in vital economic activities that contribute to promoting sustainable economic growth and diversifying the production base.
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