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Business Opportunities in Dubai |
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Thanks to the numerous factures that helped UAE to retain its strategic importance in the world map of business in the recent decades, the most happening city in the Gulf heartland is a paradise of business opportunities. The most important among these factors are its geographically strategic location in the heart of world takes the country to the centre stage of world businessmen’s’ preferred location. The openness and understanding the rulers of the Emirates shown in promoting it as a hot spot for profitable investment, and keeping with the pace of globalization helped the Emirates win over many European and Asian traditional business ports.
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Dubai’s free zones are the biggest attractions for investors from most developed countries. These free zones provide infrastructure, freedom from local rules and restrictions and equity ratio restrictions. Dubai free zones allow foreign equity capital to employ 100% expatriate manpower and tax free income. Another advantage of Dubai free zones are that it permits cultural and religious diversities.
Some major business opportunities are as follows:
Exporting to Dubai
Manufactured goods and foodstuff are main imports in the UAE, especially in Dubai. High GDP of the UAE residents allow them to spend for imported consumer durables and non durables. Automobile, spare parts, home accessories, luxury products are other major items that give great scope for exporting things. Being a country with high per capita income and a major part of its residents constitute expatriates from most of the world, the products from most part of the world are available.
Tourism Promotion and Hospitality
Dubai is one of the attractive tourist locations in the world. Almost every season some or the other festival is taken place in Dubai. It is one of the world’s best shopping locations. People from near and far countries come to take part in the Dubai shopping festivals held every year. Attractions in these fests include jewellery, electronics, cars, handicrafts and clothes. World’s best brands are sold at world’s lowest prices here. Almost every month of the year business and leisure travellers are visited the city. The tourism and hospitality business employs about half a million people. IT offers great business opportunities to new investors.
Information Technology Business Opportunities
Information technology is one of the sought after services that Dubai’s enterprises want to acquire, making IT itself a prospective business in Dubai. Dubai Internet City (DIC) is an endeavour of UAE Government to promote information technology and development of free business zone. Dubai Internet city offers help to the aspirant business professionals with infrastructure, financial and other logistic assistance for starting a new venture.
Infrastructure Development
Dubai is the most preferred location in the Middle East for settlement seekers as it is the pleasantest place to live. New development projects are coming up, big as well as small and nominal, investing in one such project or undertaking real estate development projects on one’s own capacity is a great business opportunity. This sector is ideal for experienced promoters, architects, civil engineers, interior designers, etc. who wish to start a business.
Handicrafts Business
Dubai is a major market for handicrafts from all parts of the world. People from many regions come to sell their indigenous handicraft products. Sculptors, architects, painters, fancy decorative manufacturers, etc. come to Dubai and participate in various trade fairs and shopping festivals. Jewellery, leather products, cane and bamboo product, paintings, murals, wooden artworks, clay products and many more items are sold here. Good products from any ethnic regions find good market in Dubai.
Restaurants and food joints
Dubai is emerging as a cosmopolitan capital of the world despite being in the heartland of Arabia. The city is home for people from many cultural backgrounds. There are hundreds of restaurants and eateries on the streets and markets of Dubai which serve to the taste buds of the people from many countries. Opening a restaurant is easy with technical help and consultation is available for setting up of such enterprises.
The above described are very brief and general list, but there are hundreds of more business options available in Dubai.
Major venues where you can base your business:
Jebel Ali Free Zone
Dubai Internet City
Dubai Media city
Dubai International Financial Centre
Dubai Airport Free Zone
Maritime City
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