As a leading regional commercial hub with a
state-of-the-art infrastructure and a world-class business
environment,
Dubai
provides investors with a unique and comprehensive value-added
platform that make
Dubai
the logical place to do business.
The Most Pro Business Attitude
-
Dubai
believes that if its good for business, its good for
Dubai
- Sophisticated fast track business initiatives (business set up in 20
minutes in free zones)
-
139 of the G500 MNCs in
Dubai , 9 out of top 10 present in
Dubai
- Robust economic clusters including technology and internet hub, media
hub, finance hub and healthcare hub.
- World class free zones
The Best Regulatory Environment
- No Corporate Tax
- No Income Tax
- 100% Ownership in Free Zones
- No foreign exchange controls, trade barriers or quotas
- No restrictions on capital repatriation
- Strong investor incentives and protections
- Easy access to key decision makers
Relatively Low Cost Work Environment
- Access to low cost regional talent
- State of the art telecommunications
- Competitive energy costs
- Competitive real estate costs
- Competitive import duties (4% with many exemptions)
-
Less expensive than
Singapore , Hong Kong,
Cairo
and
Bahrain
The Best Connected Location in the Region
- Ultra modern airport handling 13.5 million visitors in 2001 connecting
to over 140 destinations
- Emirates Airlines consistently ranks among top 5 airlines in world
- Over 630,000 tons of air cargo handled in 2001
-
125 shipping lines with 47 million tons of cargo visited
Dubai
's world class ports in 2001
Consistently Strong Economic Outlook
- GDP/Capita over $20,000 among highest in the year
- 10 year GDP Growth 8%
- Diversified economy - oil only contributes 10% to GDP
- Stable currency pegged to US$ at AED3.67:US$
- Very low inflation (less than 2.5% from 1991 2000)
- Non-oil GDP growth of 9.6% per annum from 1990 2000
- Only 1.7% of active population unemployed
Easy Access to Regional Markets
- Total region population of 1.8 billion ($1.5 trillion of combined GDP)
- Access to huge talent pool of 13.8 million skilled degreed candidates
- World-class land, sea, air cargo infrastructure
Strong Foreign Trade
-
Third most important re-export center in the world (after Hong Kong and
Singapore )
- Member of WTO
-
Trade makes 16.4% of GDP compared to 14.5% for
Singapore
- 9.2% growth in non-oil trade between 1989 and 1999
Thriving Tourist Destination
- 11.6% of Dubai GDP invested in tourism
- Hotels rank amongst top in world
-
Over 2.8 million tourists visited
Dubai in 2000
- World class restaurants, beaches and tourist attractions
- Internationally renowned sports facilities including golf, tennis, water
sports, horse riding, dune driving and sand skiing.
Cosmopolitan Work Environment
- Over 185 nationalities
- More than 75% of UAE population expatriate
- Strong work ethic
- World-class international schools
- Excellent facilities for leisure, sports shopping and healthcare
- Progressive, tolerant and multicultural society
Island of
Calm in a Turbulent
Region
- Stable economy with relatively low volatility
- Continuous political stability since its inception in 1971
- Ranked 23 in 2002 Index of Economic Freedoms
Dubai
has long been the pre-eminent business center in the region. Its
geographical proximity to the talent and markets of the Middle East,
Northern and Southern Africa, the Indian Subcontinent and the CIS, combined
with the most sophisticated logistic infrastructure between Europe and the
Far East, make
Dubai the location of
choice for businesses serious about the region.
Dubai
's government pursues a free and balanced economic policy that has fostered
an excellent international reputation, and encouraged both national and
foreign capital to invest in almost every conceivable sphere of economic
activity. The non-oil sector in
Dubai
currently contributes around 90% of total GDP, and is expected to grow to
94% by 2005, with manufacturing, tourism and services all growing strongly.
With the advent of
Dubai
Internet
City
,
Dubai
Media
City and
Knowledge
Village , the dynamism of
Dubai 's traditional
sectors is being transferred to the development of the knowledge economy. An
ambitious e-Government initiative has enabled a wide range of government
services to be provided online.
Dubai
's open economy and high living standards attract the best of talent from
across the world. Several companies and businesses have shifted their
operations to the city to take advantage of its strategic position at the
crossroads of the Middle East, Africa and
South Asia
to target fast-growing emerging marketing of nearly two billion people.
Dubai is a prominent
transportation hub and has one of the busiest ports in the world. Its
airline Emirates has been named several times as the Airline of the Year and
was the first carrier to order the giant Airbus A340 from Airbus Industries.
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