Business Opportunities
A business culture of innovation and entrepreneurship, coupled with the economic advantage of free-zones, have cemented Dubai's positioning as the commercial nucleus of the region. Fast-track administration, efficient infrastructure and streamlined licensing processes have been critical in attracting foreign interest to Dubai's investor landscape. A highly sophisticated free-enterprise environment, Dubai today is one of the most sought after destinations to explore business opportunities in myraid sectors.
Dubai has long been the pre-eminent business centre 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 countries, combined with the most sophisticated logistics infrastructure between Europe and the Far East, make Dubai the location of choice for businesses expanding into 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 in almost every sphere of economic activity. The non-oil sector in Dubai currently contributes to over d90% of total GDP with manufacturing, tourism and services all growing strongly. Dubai's open economy and high living standards attract the best talent from across the world. An increasing number of companies and businesses are relocating their operations to the city to take advantage of its strategic position and target a fast-growing emerging market of nearly two billion people.
With the establishment of Dubai Internet City, Dubai Media City and Knowledge Village, the dynamism of Dubai's traditional sectors is being replicated in the development of the knowledge economy. An ambitious e-Government initiative has also enabled a wide range of government services to be provided online.
State-of-the-art communications infrastructure, modern hospitals, international-standard academic institutions and a variety of lifestyle facilities enable easy access to the best healthcare, education, sports & entertainment in the Middle East.
DUBAI FACT SHEET
Monetary Unit: Dirham, divided into 100 fils. Official exchange rate-US $ 3.675
Ethnic groups: Cosmopolitan city with over 140 nationalities
Languages: Arabic, English
Air passenger movement: 11 million people
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
Logistics infrastructure: An accessible market, served by more than 170 shipping lines and 86 airlines.