Dubai Business Development Economies

Dubai is a global city located on the east coast of the United Arab Emirates. Dubai is one of the most welcoming cities for both travelers and companies. The city is a must-see, with its sky-high buildings, luxury hotels, beautiful beaches, shopping centers and a thriving business community. Every year millions of tourists visit Dubai not only for pleasure but also for business.

Dubai culture

Dubai welcomes visitors throughout the year. It has its roots in the ‘religion of Islam’ and all tourists are expected to follow its ways of life. Islam provides strength, inspiration and touches all aspects of life in the city. The city has numerous beautiful mosques scattered in each neighborhood. It is obligatory for all Muslims to pray five times each day. The biggest mosque of all and the most beautiful is the Jumeirah Mosque, a must see.

Attractions in Dubai

The city is full of beautiful beaches and vast deserts. In addition, the city is full of exquisite architecture. The most important places of tourist attraction are the Dubai Museums, which offer information on the history of the city. Some of the most visited places in the city are: Palm Jumeirah, Wild Wadi Water Park, The Dubai Mall, Dubai Creek, Madinat Jumeirah, Burj Khalifa, Jumeirah Beach, The World and Grand Mosque.

Business opportunities in Dubai

Dubai is a major global business hub and has recently experienced incredible growth. It is a strategic location and the center of the headquarters of many international companies. The city is the largest export center in the Middle East. Most of the investors prefer Dubai to do business. There are several reasons behind this.

Some of them are listed below.

  • Strategic location – Dubai is a gateway to a large and growing market. The local economy is situated in the middle of the richest regions in the world. It has diversified requirements and growth opportunities for various businesses.
  • Stability- the city has a low crime rate, ample liquidity, and is politically stable. It has sophisticated banking systems and extensive credit facilities.
  • Government incentives – Dubai has a duty-free environment and the government offers various incentives to promote business culture in the city. There are various plans and schemes formulated by the government to encourage the establishment of small and large scale industries.
  • World class infrastructure – Dubai invests heavily in infrastructure, energy, telecommunications and industries. Thus, it enables the best facilities in the world.
  • Extensive Foreign Trade – there is a vast foreign network that extends to 179 states, a diverse group of services and goods, and global marketing potential.

Focus of business sectors in Dubai

  1. Information and technology industry – one of the fastest growing markets is software and mobile apps in Dubai. The IT industry is vastly increasing in Dubai, mainly due to the tax incentives provided by the Government.
  2. mobile industry – The development of mobile technology has brought great growth in the social, political and economic issues of the city. Mobile app development in Dubai has attracted some companies and increased employment opportunities for youth.
  3. Construction and Infrastructure – Dubai aspires to redesign its financial system after the international economic crisis, changing the trade of its real estate sector for high-tech trade. Dubai invests primarily in its transportation, telecommunications, and engineering infrastructure. It has fascinated numerous business opportunities.

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