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Background |
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UAE - the pearl of the Middle East offers innumerable
features that make it an investors’ delight.
Straddling both the gateway to the east and the
west, UAE has the cultural, technological, political
and communication advantages to make it a global
business base.
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Some of the factors
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Large
and Growing Economy:
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Despite a relatively small population, Dubai's
total imports exceed $14 billion. The reason is
that Dubai is the major re-export centre for the
region. The emirate's non-oil imports have expanded
sharply in the recent past and are projected to
grow further as it services emerging markets like
India, the CIS, Central Asia and South Africa.
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| Diversified
Business Opportunities |
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There is potential for almost any type of goods
and services. In the prosperous, but sparsely populated
Gulf States, there is demand for foodstuff, high
technology equipment and luxury products.
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| Tax
Free Economy |
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There are no foreign exchange controls, quotas
or trade barriers. Import duties are extremely
low, and many products are exempt.
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| Easy Accessibility |
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The emirate's transport infrastructure is unrivalled
in the region in terms of size, facilities and
efficiency. More than 100 shipping lines and the
airport serve its ports by nearly 100 airlines.
English ranks on a par with Arabic as the main
business language. However, as with all the markets,
UAE markets also throws up its own complexities.
There are many options open to international companies
seeking to establish a business relationship with
Dubai
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