Which Russian companies have already entered the market of Dubai, UAE in 2024

Which Russian companies have already entered the market of Dubai, UAE in 2024 - Makebiz

The United Arab Emirates has become a center of attraction for well-known foreign companies. In order to develop and scale their business, most large organizations register their enterprises in the region. It is hard to ignore the diversity of its consumers and the need to provide quality goods and services to locals and residents. In this article, let’s look at Russian companies that have already entered the Dubai market by the end of 2024.

Active economic growth is observed in the sphere of IT companies. Government initiatives are aimed at supporting innovative startups and the development of modern technologies. Among the Russian companies actively developing here are:

  • Yandex. The organization successfully adapts its products for local consumers and expands its presence in the international arena, testing new services and services.
  • 1C is especially popular among UAE entrepreneurs whose goal is to automate or manage business processes with the help of convenient software.
  • Kaspersky Lab provides device protection against viruses and cyberattacks across the region, expanding its presence to the Middle East.

The penetration of food manufacturers into the UAE market is worth noting. Let us highlight the brands that have opened their branches:

  • VkusVill, which has already opened several food outlets, offers locals hundreds of familiar product names in line with local market demands for quality and environmentally friendly products. 
  • Novikov Group is expanding its restaurant network in the Emirates. The unique concepts of the establishments resonate with residents and locals alike.
  • Dodo Pizza is a globally popular fast food chain that maintains standards of quality food and fast delivery.

The developing real estate industry in Dubai has attracted quite a few Russian companies actively implementing their projects:

  • LSR, a real estate developer planning to realize its residential projects in the UAE.
  • Knight Frank is an agency offering real estate sales and management services.
  • Integral is a construction firm participating in local projects in order to expand its influence in the local market.
  • Pioneer Group of Companies has just started to develop in a new market as a real estate developer. With its projects, the company tries to maintain local standards and meet the needs of buyers. 
  • Orange Group promotes its services as a real estate developer, offering modern solutions for residential complexes and commercial buildings.

Another popular area is financial services. The following businesses excel here:

  • Alfa Capital offers a variety of investment solutions for businesses and individuals, maintaining a high level of service that is especially appreciated by Russian entrepreneurs.
  • VTB and T-Bank provide a wide range of banking services and investment product management capabilities, tailored to the needs of the local market.
  • SKB-Bank has a focus on financial services for businesses

In the trade sector, it is worth noting the opening of the first Fix Price store, specializing in the sale of a variety of goods at low prices. Even being located in Dubai, the company manages to keep prices at the level familiar to the chain’s customers. Loyal pricing policy attracts not only residents, but also local residents. Compatriots note that Europeans can be found in the store more often than Russian citizens. 

The Wildberries marketplace is also known for its interest in the multinational and diverse market of the UAE. Not so long ago it was decided to build a logistics center in the region. Now the company is actively looking for partners and preparing to work with the countries of the Persian Gulf and the Middle East.

Favorable location, loyal tax policy, simplified business registration processes and government support are only some of the advantages for opening businesses in the UAE. The popularity of this market for business development is demonstrated by the number of Russian companies that have opened branches in Dubai. 

Sign up for a free consultation with Makebiz experts and find out how to bring your business to the UAE market.

Read other articles on this topic:

Back