73 new Malaysian companies joined the Dubai Chamber of Commerce within 9 months

1 hour ago

2 minutes read

Kuala Lumpur, 26 November / WAM / Salem Al Shamsi, Executive Vice President of International Relations at Dubai Chambers, confirmed that the economic relations between Dubai and Malaysia are witnessing rapid growth, noting that the number of Malaysian companies registered in the Dubai Chamber of Commerce reached 318 companies at the end of last September, including 73 new companies that joined during the first nine months of the current year 2025, which reflects the confidence of the Malaysian business community in Dubai as a starting point towards regional and global markets.

Al Shamsi said in statements to the Emirates News Agency, WAM, on the sidelines of the trade mission to Malaysia led by the Dubai Chamber of Commerce, that these projects were concentrated in the financial services sector, then the software and information technology services sector, in addition to the food and beverage sector, followed by the business services sector, consumer products, and the real estate sector.

He pointed out that Malaysia is one of the most prominent innovative economies in Southeast Asia, thanks to its industrial diversity, the strength of its service sector, and its reputation for high-quality manufacturing, which makes it an attractive destination for companies looking for long-term growth opportunities.

He explained that non-oil trade between Dubai and Malaysia amounted to 17.8 billion dirhams in 2024, achieving a growth of 20% on an annual basis, noting that Dubai provides an advanced business environment that enables companies to expand efficiently and quickly thanks to its advanced logistics system, clear regulatory frameworks, and its ability to connect companies with global markets.

He added that Malaysia, in turn, provides great opportunities for Emirati investors in the sectors of transportation, warehousing, halal food, real estate, hotels, tourism, business services, and health care.

Al Shamsi said that during the period 2020-2024, Dubai attracted 23 foreign investment projects from Malaysia with a total value of 286.6 million dirhams ($78.1 million), noting that the first half of this year witnessed Malaysian investments in Dubai worth $135 million, which reflects the desire of Malaysian investors to invest in Dubai.

Regarding the non-oil intra-trade movement, Al Shamsi explained that the value of Dubai’s imports from Malaysia during the past year amounted to 10.01 billion dirhams, with a growth of 13.5% on an annual basis, while the value of Dubai’s exports to Malaysia during the same year jumped by 29.4% on an annual basis and reached 7.7 billion dirhams, pointing out that the Comprehensive Economic Partnership Agreement between the two countries, which entered into force last October, has the greatest impact on enhancing trade movement and the flow of investments between the two countries.

He pointed out that the most promising sectors for export from Malaysia to Dubai include computers, vehicle parts, furnishings, medicines and cosmetics, in addition to clothing and shoes, in addition to a number of strategic goods.

Al Shamsi stressed the Dubai Chambers’ commitment to strengthening economic ties between Dubai and Malaysia, and supporting sustainable growth opportunities for companies on both sides, pointing out that the largest percentage of active Malaysian companies registered as members of the Dubai Chamber of Commerce work in the real estate, leasing, and business services sector, while the wholesale and retail trade sector comes in second place among the activities of Malaysian companies that are members of the Chamber, followed by the transportation and storage sector, then construction, social and personal services, in addition to financial intermediation.