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Sat, Dec 14, 2024 | Jumada al-Aakhirah 13, 1446 | DXB
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Dubai: Indian diaspora’s population in UAE reaches nearly 4 million
Indian expats are among the richest community in country with investments in healthcare, real estate, retail and other sectors
At the 42nd annual international conference 2024-25 in Dubai. Photos: Rahul Gajjar
The population of the Indian community in the UAE has reached nearly four million, guiding UAE’s economic growth and its future vision, said Satish Kumar Sivan, consul-general of India to Dubai and Northern Emirates.
While speaking during a conference organised by the Indian Institute of Chartered Accountants of India’s (ICAI) Dubai Chapter on Saturday, Sivan said the UAE, especially Dubai, is fast becoming a global hub in the finance sector due to the contribution of the Indian diaspora.
Satish Kumar Sivan, Counsel General of India to Dubai & Northern Emirates
“Beyond professional contributions, the Indian community serves as a cultural bridge between our two countries, which already enjoy a historical bond. The contribution of community which grew from 2.2 million in 2012 to 3.9 million last year has been a key factor in the rapid strengthening of close strategic partnerships between India and the UAE, especially over the past decade. It is incumbent upon us to thank UAE leaders for giving opportunities for the community to flourish,” Sivan said while delivering a keynote speech at Envisage – Profession, Bharat and World Economy conference.
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Indians are the largest expat community in the UAE and have contributed significantly to the Emirates’ economy over the years. In fact, Indian expats are among the richest community members in the country with investments in healthcare, real estate, retail and other sectors.
CA Rajesh Somani, Chairman, ICAI (Dubai) Chapter NPIO
Ranjeet Kumar Agarwal, President, ICAI
The population of the Indian and other expat communities dropped during the pandemic year of 2020 but rebounded strongly as many professionals and high net-worth individuals relocated to the UAE in search of greener pastures and job opportunities that came up in the country due to massive economic growth that UAE recorded in the past four years.
The consul-general praised the UAE leadership for giving an opportunity to Indians to practice their religion without inhibition.
Ranjeet Kumar Agarwal, president of ICAI, delivered the keynote speech on the first day of the two-day conference. While Rajesh Somani, chairman of ICAI’s Dubai Chapter, delivered the welcome note.
Role of CAs
Highlighting the role and contribution of ICAI Dubai Chapter members, the consul-general added that the Dubai chapter has become the most influential among all the ICAI chapters across the world.
“I would like to take this opportunity to highlight the contribution of nearly 4 million Indian diaspora in this country who have evolved to become a vital part of the country’s economic and social fabric. These professionals working across financial verticals such as accounting and business advisory play a crucial role in driving economic growth, ensuring financial transparency and fostering India’s integration into the global market. The rising demand for Indian talent in multinational corporations, financial institutions and global startups underscore India’s growing stature and its professionals’ role,” said Sivan.
“In the UAE context, the ICAI Dubai Chapter helps Indian professionals contribute to UAE’s dynamic ecosystem, driving economic growth and stability,” he added.
Sivan elaborated that Indian professionals have made significant contributions across sectors such as construction, healthcare, hospitality, education, manufacturing, trade and Fourth Industrial Revolution technologies, playing a key role in guiding the UAE economy’s growth and its future vision.
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Waheed Abbas
Waheed Abbas is Assistant Editor, covering real estate, aviation and other business stories that directly affect the lives of UAE consumers. He frequently reports human interest stories, too.
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