About Dubai / Dubai’s Attraction for Foreign Business
 

Dubai’s Attraction for Foreign Business
 

Dubai is the leading commercial, industrial and trading center of the Middle East. It is ideally positioned between the trading blocks of Europe and the Far East. At the hub of a prosperous and growing market in one of the world’s most rapidly developing regions. A market of over one billion people including: Bahrain, Kuwait, Qatar, Oman, Saudi Arabia, other countries in the Arab world, Iran, Asian sub-continent, parts of Africa, the Eastern Mediterranean and the former Soviet Union.

 
Pro-business government policies encourage overseas investment in the non-oil sector. The following is the list of business and trade opportunities existing in Dubai:
 
  • It is a gateway to a market of over a billion people.
  • It has a well-established trading links with the AGCC, Iran, and other neighbouring markets.
  • It has a buoyant and prosperous domestic market, a strong commercial tradition and a wide choice of trading partners.
  • There is no taxation on profits or incomes.
  • There are no foreign exchange controls, with dirham being a stable, freely convertible currency.
  • It has a sophisticated service sector including major international hotels, banks, legal and accountancy firms, advertising agencies and others.
  • It is the major regional conference and exhibition venue in the Middle East.
  • There is a rapidly developing manufacturing sector producing a wide range of high quality, competitive export products.
  • It has air links via 107 airlines to over 160 cities worldwide.
  • The ports (Jebel Ali and Rashid) are served by a large and growing number of international lines and which rank among the world’s top 10 in terms of berths, and ranked 10th in terms of container throughput. It is served by 125 shipping lines.
  • It is a leader in freight cargo, with the world’s fastest sea-air transfers.
  • Competitive import duties (4%, with many exemptions).
  • Competitive energy costs.
  • Competitive labour costs.
  • Competitive real estate costs.
  • There are unlimited low-cost warehousing and storage facilities.
  • There are excellent regional road links.
  • It has highly efficient local and global telecommunications.
    in Dubai:
 
 
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