The Business Development Economies of Dubai

Dubai is a global city situated on the Eastern coast of the United Arab Emirates. Dubai is one of the most welcoming cities for travelers as well as businesses. The city is a must watch, with its sky-touching buildings, luxurious hotels, beautiful beaches, shopping malls and a flourishing business community. Each year millions of tourists visit Dubai not only for leisure but, to do business.

Culture of Dubai

Dubai welcomes visitors all year round. It is rooted in the ‘Islam religion’ and all the tourists are expected to follow their ways of life. Islam provides strength, inspiration, and touches all the aspects of life in the city. The city has numerous beautiful mosques sprawled in every neighborhood. It is mandatory for every Muslim to do five times of prayers each day. The largest of all and the most beautiful mosques is Jumeirah Mosque, a must watch.

Attractions in Dubai

The city is packed with beautiful beaches and vast deserts. Moreover, the city is full of exquisite architecture. The one most significant tourist attraction places is Dubai Museums, which offers insights into 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 center and has experienced an incredible growth spurt recently. It is a strategic location and hub of headquarters of many international companies. The city is the largest exporting center of the Middle East. Most of the investors prefer Dubai for business. There are several reasons behind it.

Some of them are listed below.

  • Strategic location – Dubai is a gateway to a large and growing market. The local economy is situated amidst in the richest regions of 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 wide credit facilities.
  • Government incentives – Dubai has a tax-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 establishments of small scale as well as large scale industries.
  • World-class infrastructure – Dubai invests heavily in the infrastructure, energy, telecommunications, and industries. Thus, it enables the best facilities in the world.
  • Extensive Foreign Trade – there is a vast foreign network extending up to 179 states, a diverse group of services and goods and a potential of global marketing.

Focus of Business Sectors in Dubai

  1. Information and Technology Industry – one of the fastest growing market are Software and mobile apps in Dubai. The IT industry is extensively increasing in Dubai mainly because of the tax inducement provided by the Government.
  2. Mobile Industry – the development of mobile technology has brought a major growth in social, political, and economy issues in the city. The development of mobile apps in Dubai has attracted some businesses and has increased employment opportunities for youth.
  3. Construction and Infrastructure – Dubai aspires to redesign its financial system following the international economic crisis, by swapping trade of its real estate sector to high-tech trade. Dubai invests mostly in its transportation, telecommunications and engineering infrastructure. It has fascinated numerous commerce opportunities.

Business Development Opportunities in Qatar

Doing business in Qatar is an increasingly attractive option for foreign investors for a number of reasons, mostly related to the country’s rapidly developing legislation in regards to foreign investment in the country and its subsequent projected growth.

As the country develops, there are specific areas of opportunity that those looking to explore the Qatari market are encouraged to invest in by consulting agencies. Some of these opportunities and areas for development are listed below, providing the possibility for local businesses to grow as well as encouraging further foreign expansion into the Middle East.

Firstly, there are numerous business opportunities for those in the domains of education and training, with the country being home to institutions such as the Qatar Foundation, the Qatar Science and Technology Park and the Supreme Education Council. Each of these implements its own programmes and encourages investment from foreign companies and educational institutions.

Those looking to explore the Qatari market and its educational sector will be interested to know that the country is looking to improve the skills and education of its citizens and workforce through the Qatar Vision 2030 programme, which could lead to opportunities for foreign training providers to deliver their expertise in many areas of academia and skills training.

Another industry that is advised to explore the Qatari market is the energy industry, and not only because this region of the world has abundant natural resources in the way of oil and gas; the Qatar government is very interested in developing a cleaner, greener method of gas extraction which provides the opportunity for partnership with foreign engineering companies and investors.

In addition to its non-renewable energy sources, the country is also looking to develop its capacity for harnessing solar energy which, due to the nation’s geographical location, is in abundance. Qatar also currently produces a large volume of industrial products such as vinyl, fertilizer, ethylene and other chemicals, with opportunities for local partnerships available in this area.

Those looking to explore the Qatari market will be excited to learn that the country recently won the bid to host the FIFA World Cup in 2022. This will decidedly provide huge opportunities for foreign industry and investors to work on various projects that relate to this sporting competition and it should also be noted that all sport in Qatar currently enjoys very strong governmental support.

Qatar is also an area of interest for those in the construction industry, as the country’s government is currently continuing to rapidly develop the nation’s infrastructure. In addition to this, the upcoming FIFA World Cup will provide many opportunities for construction companies to deliver their services, as will the nation’s efforts to find greener and more sustainable energy solutions.

One of the reasons that Qatar is interested in developing its infrastructure is due to the growing population and workforce of the country. This also has an impact for healthcare companies that are looking to explore the Qatari market.

In addition to providing healthcare solutions for the population of the country, the Qatari government also intends for the nation to become a centre for life science research, and is therefore keen in invest in a number of projects that will drive them farther towards achieving this goal.

Along with delivering medical care, pharmaceuticals and medical research services, foreign companies and investors also have the opportunity to provide healthcare training and supply hospital equipment and furniture in Qatar as part of its healthcare objectives.

Businesses looking to explore the Qatari market will be pleasantly surprised to discover that this small nation currently offers a wealth of opportunity across a variety of domains. From construction and green energy to health care and education, there are possibilities for many to deliver their solutions and products to this rapidly growing country that is investing heavily in its future.