About Dubai
By Dubai Business Minds: About Dubai
Aug 28, 2004, 02:07
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About Dubai
Your Guide to Dubai
Dubai: Location of Choice
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.
Dubai: 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
Dubai: 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
Dubai: 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
Dubai: 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
Dubai: 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
Dubai: 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
Dubai: 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
Dubai: 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.
Dubai: 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
Dubai: 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 Industrie.
Dubai: Cosmopolitan City
Chic and fashionable, Dubai is home to a cosmopolitan population that has more than 140 nationalities. Almost three-fourths of its estimated three million population comprises of expatriates from all over the world making it a melting pot of cultures.
Living in Dubai is more than a business choice; it is a lifestyle choice too. A clean, modern, crime-free city, Dubai has been built over the past 50 years to give citizens and residents alike an extraordinary range of places to live and work, rest and play. One of the most modern cities in the world, Dubai has state-of-the-art communications infrastructure, modern hospitals, an amazing variety of shopping malls and value-filled souks . It has some of the best healthcare, education, sports and leisure facilities in the Middle East .
Dubai: Leisure Capital
A bevy of recently announced tourism projects seek to develop Dubai into a luxury destination that rivals Monaco . These include Madinat Jumeirah, a giant waterfront resort themed to reflect the historical and cultural heritage of the region. Palm Island, a Palm-tree shaped resort island, to be built on land reclaimed from the sea, will be only the second man-made feature to be visible from the moon. The Palm Island will accommodate 2,000 villas, 40 luxury hotels and massive shopping complexes.
Dubai perhaps has more world-class hotels per square mile than any other city. It is home to Burj Al Arab the world's tallest and only seven-star hotel. The Burj is unlike any other hotel in the world, having been built on a man-made island, more than a kilometer away from the coast.
Dubai Fact Sheet
Monetary Unit : Dirham, divided into 100 fils. Official exchange rate-US $ 3.675
Ethnic groups : Cosmopolitan city with over 120 nationalities
Languages : Arabic, English
Dubai Air passenger movement : 11 million people
Dubai Market size : More than $ 17 billion domestic imports annually; Gateway to a $ 150 billion regional import market. with a population of 1.4 billion; Highest satellite TV penetration in the region
Dubai Logistics infrastructure : An accessible market- served by more than 170 shipping lines and 86 airlines.
Related Articles & Resources:
Discover Dubai: General Information About Dubai
Dubai traditionally called the "City of Merchants", Dubai has welcomed travelers into its heart for centuries. Today, the standards in hospitality live on, with a wide selection of luxurious, modern hotels offering superb accommodation, sporting facilities, international-standard dining and entertainment.
Dubai City Guide
Comprehensive information on Dubai City, UAE. Dubai travel information, Dubai tourism, Dubai hotel information, outdoors adventures and entertainment, and latest information on accommodation, food, sightseeing, shopping, Dubai events.
About Dubai
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.
Shopping in Dubai
One of Dubais greatest visitor attractions is its superb shopping facilities. The city draws large numbers of shopping tourists from countries within the region and from as far as Eastern Europe, Africa and the Indian Subcontinent.
Dubai Dining & Entertainment
Dubais cosmopolitan flavour is matched by the citys many restaurants and entertainment venues, which provide a truly international array of choices for the visitor.
Dubai Tourist Tips
Information regarding Dubai climate, clothing, car hire, currency, business hours, local time, banks ...
Visa Regulations for Visitors to Dubai
Find out about the different types of visas available for visitors to Dubai.
Dubai Attraction & Sights
Dubai embraces a wide variety of scenery in a very small area. In a single day, the tourist can experience everything from rugged mountains and awe-inspiring sand dunes to sandy beaches and lush green parks, from dusty villages to luxurious residential districts and from ancient houses with windtowers to ultra-modern shopping malls.
Why Choose Dubai As An Investment Location?
The Dubai economy enjoys a competitive combination of cost, market and environmental advantages that create an ideal and attractive investment climate for local and expatriate businesses alike. In fact, these advantages not only rank Dubai as the Arabian Gulfs leading multi-purpose business center and regional hub city, but they place it at the forefront of the globes, dynamic and emerging market economies.
Why do business in Dubai?
Why do business in Dubai? Find out the reason why make Dubai your Base for investment and business expansion estimation.
Selection & Approval of Trade Names
Conditions for Selecting & Approval of Trade Names.
Terms & Conditions for Conducting Business in Dubai
Licensing Requirements: Terms & Conditions for conducting Business in the Emirate of Dubai.
Dubai Legal Forms of Business Structures
Dubai Legal Forms of Business Structures.
Steps Required to Set Up a Business in Dubai
Registering Businesses in Dubai. Steps Required to Set Up a Business Prior to operating any business in Dubai, the steps outlined below must be undertaken in order to meet the legal requirements of all concerned government authorities and to guarantee maximum commercial benefit for the business owner.
Selected Dubai Business Rules & Regulations
few selected Dubai Business Rules and Regulations
Dubai your Base for Business Expansion
Long recognised as the leading regional trading hub in the Middle East, Dubai has transformed itself in recent years into a truly international business centre of global significance.
Employment Regulations & Labour Law
Administered by the Federal Ministry of Labour and Social Affairs, Labour Law in the UAE is loosely based on the International Labour Organisation's model. Learn more about UAE Employment Regulations & Labour Law.
Dubai Free Zones
Information about Setting Up and formation of a Free Zone Establishment in Dubai. Also find information about the different Free Zone establishments in Dubai, United Arab Emirates.
Trading with Dubai
Learn how international manufacturers and exporters can trade with Dubai.
Setting Up a Business in Dubai
In the UAE, economic activity is regulated by individual emirates as well as the Federal Government. In Dubai, the authorities have deliberately sought to create an environment which is well ordered without being unduly restrictive. As a result, Dubai offers businessmen operating conditions that are among the most liberal and attractive in the region.
Dubai Means Business
Dubai presents international business with a wide range of opportunities for different activities and operations.
Doing Business in the UAE
The UAE business environment can be very lucrative and even predictable if care is taken to understand the influences working on an individual market at any one time. Keeping an ear to the ground and maintaining a steady physical presence is invaluable.
