Dubai is one of the most cosmopolitan cities in the world today, growing astronomically over the past 20 years, thanks to an unbelievable influx of oil money and outside direct foreign investment, coupled with the dynamic and inspiring leadership of the Al Maktoum Family, especially Sheikh Mohammed Bin Rashed Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. The city has a population today of approximately 1.2 Million inhabitants, mostly expatriates, with a current projection that it will exceed 1.8 Million by 2010.
The development of Dubai has also been highly diversified, including manufacturing, finance, information technology and tourism; attracting major financial institutions and Fortune 500 Companies to establish bases of operations in the city. What most attracts foreign companies to Dubai is the ease of doing business, the high level of security, the availability of superior infrastructure at competitive prices and the 100% tax-free income status enjoyed by companies and employees.
THERE IS NO OTHER PLACE LIKE IT!
- Strategic Location: Dubai is a time zone bridge between the Far East and Europe on the East-West axis and the CIS and Africa on the north-south axis.
- Political and Economic Stability: Dubai is part of the UAE, which is a low-crime and politically-stable country. Also, the UAE enjoys financial and monetary stability.
- Open and Free Economic System: Dubai’s economy has been kept open and free to attract investors and business. Government control and regulation of private sector activities has been kept to a minimum.
- World Class Infrastructure and Service Sector: Dubai’s deliberate policy of investing heavily in transport, telecommunications, energy and industrial infrastructure has enabled it to have one of the best infrastructure facilities in the world; it also contributed significantly both to its ongoing prosperity and attractiveness to international business.
- Competitive Cost Structure: International companies setting up in Dubai can obtain significant cost advantages not generally available internationally.
- High Quality of Life, Excellent Living Conditions: Dubai’s private sector has invested heavily in real estate such as hotels, residential and commercial properties, recreational and leisure facilities.
- Strong Local Commercial Tradition and Wide Choice of Potential Business Partners: The local business class has a long tradition of trading activity and wide exposure to international business practices and state-of-the-art technologies.
- Extensive Foreign Trade Network and Strong Export and Re-Export Performance: Dubai boasts an extensive foreign trade network extending to 179 states thus offering the investor an extensive choice of potential global marketing outlets for a diverse portfolio of goods and services.
- Rapidly Developing Manufacturing Sector Producing a Wide Range of High Quality, Competitive Export Products: Major gains have already been made in the profitable manufacture and export of aluminum ingots, fabricated metal products, textiles and ready-made garments, gold and jewelry, prepared foodstuffs, consumer electronics, refined petroleum, chemical and non-metallic mineral products.
Source: Government of Dubai Official Website. For more information, visit:
http://www.dubai.ae
