At the crossroads
of East and West, Dubai is among the most happening
cities in the Middle East. It has rapidly emerged
as an important commercial hub with a pleasant cosmopolitan
lifestyle. Dubai has been very pro-active in developing
non-oil manufacturing in pursuit of its policy of
economic diversification. Hence it has a proliferating
service sector with significant stress on IT and
knowledge based industries. Among its key characteristics
are:
- A large market - more than
$17 billion in domestic imports annually; gateway
to a 150 billion p.a., 1.4 billion population
regional import market
- A growing market - Dubai's
imports have more than doubled since 1989; regional
economic growth and liberalization is set to
boost demand
- A prosperous market - strategic
location at the heart of one of the world's
richest regions
- A diversified market -
wide import requirements; opportunities for
suppliers of most products
- An accessible market -
served by more than 170 shipping lines and 86
airlines.
- An open market - no exchange
controls, quotas or trade barriers
- Disciplined Approach -
Minimal absenteeism and Holidays, Zero theft/crime
rate
- Excellent telecom facilities
- hence no downtimes or system failures
- Uninterrupted electricity
supply
- High Customer Service Culture.
Dubai's relaxed free trade
policies, excellent infrastructure, absence of
red tape and enterprise-friendly environment make
it an ideal platform for international companies
operating in the region. As a result, a number
of commercial houses use this as their regional
head office. The following endeavors will give
you an idea of the active Dubai business scene.
Existing/Upcoming Business
Avenues in Dubai
Dubai Internet City - (DIC)
is the first complete Information Technology and
Telecommunications centre in the world to have
been built inside a free trade zone. The DIC offers
modern, ready-to-operate, fully serviced office
space catering to the specific needs of new economy
companies. These offices offer cutting edge technology
and provide both wired and wireless networks.
This includes the biggest IT-build in the Middle
East, and the largest generation Internet Protocol
telephony system in the world.
DIC allows 100% foreign ownership of companies.
Sales, company earnings and private income are
exempt from any form of taxation. Companies can
also take land on a renewable lease of up to 50
years and build their own offices. Sets of intellectual
property and cyber regulations have been implemented
to protect the integrity of e-business.
Launching a Call Centre Park
- Adding a further dimension to the DIC, is a
new Call Centre Park aimed at offering state-of-the-art
Plug & Play facility for Contact Centre operators
making Dubai the ideal location for this industry.
Dubai has a multi-cultural talent pool and offers
easy access to expatriate HR from countries around
the world.
Jabel Ali Free Zone International
- The Jebel Ali Free Zone (JAFZ) offers a unique
opportunity to do business from the Middle East
at unbeatable tax and business incentives. It
is the ideal warehousing & distribution and
industrial hub that provides access to some 2
billion plus demanding and affluent consumer market
in the region. Facilities are comparable to the
best in the world. Jabel Ali capitalizes on Dubai's
proven distribution capabilities and its traditional
trade links with neighbors, Africa, Indian subcontinent
and the world. The services the JAFZI can provide
cover a wide range of free zone management requirements
including Management & Administrative services,
Marketing & Sales, Technical and Operational.
In addition to years of experience in management
and operation of a successful free zone, Jebel
Ali Free Zone can offer business partners a network
of over 2200 national and multinational companies.
Palm Island - The palm is
a stunningly beautiful tourist destination upcoming
in the Jumairah coast of Dubai. Unmatched by any
such man-made venture in history, this island
is poised to be the second earthly structure to
be seen from outer space. It heralds the ambience
of a land filled with romance & enchantment,
in the same league as Casablanca or the French
Riviera. Needless to highlight to business folk,
"the Palm" offers tremendous commercial
opportunities for many firms in relevant business
areas. Investment in projects like Palm Island
will ensure continued growth in the hotel sector
but will also lead to stiffer competition between
existing hotels. There is also great potential
for real estate, retail outlets, entertainment
and other avenues.
Al Jadaf - Dubai Ship Docking
Yard (Al Jadaf) has been in operation for the
past 24 years in a limited capacity. However major
expansion plans have been sanctioned by the Dubai
Govt to make it a major center with facilities
of global standards, just like Jabel Ali. Not
only will number of vessels serviced and in house
improvements increase manifold, there are also
plans to build corporate office buildings that
flank the yard. This will enable firms of relevant
sectors to have offices close to the dock and
invariably opens new dimensions for businesses
in those sectors.
EMAAR & the Dubai property
scene - In 2001, for
the first time ever in the Gulf, the government
of Dubai took the courageous step of allowing
expatriates to possess their property within the
city. EMAAR, is a semi-govt real estate company
that has been transforming Dubai's property scene
into the most vibrant lifestyle property market
in the Middle East. EMAAR is currently doing 6
major projects which includes the prolific "Dubai
Marina Project" and the imaginative "Arabian
Ranches" project.Dubai Marina is a masterplanned
community for 40,000 people located in the centre
of Jumeirah. Resort hotels, pristine beaches,
exclusive shopping, a variety of beautiful homes
and a tranquil marina are only the beginning.
With floating towers, annual events, compelling
public spaces and world-class design, Dubai Marina
will be a centre of diversity and excitement,
a celebration and tribute to the forward thinking
city of Dubai.
View this
Presentation on New Major Projects in Dubai
Click Here – DubaiNewProjects.pps
For More information about Dubai, click this link
-
www.dubaitourism.co.ae
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