Dubai- The business hub

An insight into this distinction of Dubai: it is 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)  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
• 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 with 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. 
  
  

The consistently strong economic outlook has helped increase the         GDP/Capita over $20,000 among highest in the year. The 10 year GDP growth 8%  diversified economy - oil only contributes 10% to GDP, Stable currency – pegged to US$ 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 and only 1.7% of active population unemployed.

Dubai also orovides an easy access to the regional markets. The total region population is 1.8 billion ($1.5 trillion of combined GDP)with an access to huge talent pool of 13.8 million skilled degreed candidates. Dubai also provides a world-class land, sea, air cargo infrastructure with strong foreign trade, it is the third most important re-export center in the world (after Hong Kong and Singapore). 

Dubai is also a member of WTO. it has an annual 9.2% growth in non-oil trade between 1989 and 1999 and till date it has increased tremendously. As a thriving tourist destination 11.6% of Dubai GDP is invested in tourism, with the top ranking hotels in the world. Tourism has become more important than oil as a generator of the GDP.  The industry is expected to generate economic activity amounting to Dh63.2 billion during the year 2004. To accommodate the ongoing increase in visitors, hotels are being built in the city at a dizzying pace. At present the city is home to 403 hotels and apartment hotels, with one to seven star ratings and there are plans to build a luxury underwater hotel.  In 2003, these hotels welcomed some six million guests.  Dubai's tourist sector plans to attract 15 million visitors by 2010 and 40 million by 2015.

Dubai is fast becoming one of the biggest metropolis in the world providing a cosmopolitan work environment to over 185 nationalities. More than 75% of UAE population comprises of expatriates. Strong work ethic world-class international schools.