Download as pdf or txt
Download as pdf or txt
You are on page 1of 2

Why Dubai?

One of the worlds great success stories in diversified economic development, Dubai is the pre-eminent business and leisure
hub in the region. A cultural and economic bridge between the East and the West, Dubai is the fastest growing city in the
Middle East. Several global companies leverage Dubai as a strategic base to tap markets in the Middle East, North Africa
and beyond.
Its advanced infrastructure, business freedom, multi-lingual human capital, and easy access to Western Europe and East
Asia have enabled it to attract considerable investments. Between London and Singapore there is no other city which can
call itself truly international, from the point of view of commercial and financial activities, tourism and infrastructure.
Dubai has a welldiversified economy based on international trade, banking and finance, information and communication
technology, tourism and real estate. With a perfect winter and an overall 6-7 months of moderate climate, top class hotels,
superb facilities for a variety of sports and leisure activities and excellent shopping, Dubai has something to offer everyone.
Premium International City
Dubai is a truly international city, with over 90 percent of its 2.1 million people representing almost every nation in the
world. Dubai has a young, dynamic, productive and knowledge-driven population, hungry to tap the opportunities that
the city offers in the MENA (Middle East and North Africa) region.
The Emirate's population increased 5 per cent last year to 2.1 million in 2012, according to estimates from the Dubai
Statistics Centre. In addition, it was estimated that there were 1 million daily visitors last year, up 2 per cent from the
previous year, 2011.
The Emirate is virtually crime-free and provides a very high standard of living, on par with the best cities of the world.

World Class Infrastructure
Dubai has a sophisticated and world class transportation infrastructure served by over 242 shipping lines and linked via
130 airlines to over 220 destinations.
Dubai is the third-largest transshipment centre in the world after Hong Kong and Singapore.
Dubai is also a centre for international quality higher education and healthcare in the region.



Global Travel Hub

Located within an eight-hour flight of approximately 5.8 billion people, Dubai is literally the crossroad of the world. Dubai
International Airport is today, the worlds third busiest airport by international passenger traffic, overtaking Hong Kong
airport and is expected to overtake Londons Heathrow by 2015 or earlier. Emirates Airlines has become the worlds largest
airline by scheduled international passenger-kilometers flown. The growing air passenger traffic (over 57 million in 2012)
and air freight cargo is by far the biggest in the region.


Discretionary Consumer Spending
Dubai International Airport accounts for nearly 7% of all global duty free sales.
Although many think of Dubai as thriving on oil money, 94% of Dubais GDP comes from non-oil sources.
Dubai was ranked as the worlds eighth most attractive tourist destination, outshining cities such as Barcelona and
Rome, according to MasterCards Worldwide Index of Global Destination Cities. The index predicts visitor spending in
Dubai to increase by 19% in 2012 reaching USD 8.8 billion, while the Tourism Authority in Dubai has estimated visitor
numbers at 10 million in 2012.

International Financial Centre
The Dubai International Financial Centre (DIFC) is the worlds fastest growing international financial centre, bridging the
time gaps and the geographical distances between the major capital markets of New York and London in the West and
Hong Kong in the East. Firms operating in the DIFC are physically located onshore but are operated as if they are
offshore and are eligible for benefits such as a zero tax rate on profits, 100% foreign ownership, no restrictions on
foreign exchange or repatriation of capital, operational support and business continuity facilities. Financial services in
the DIFC are regulated to international standards by the Dubai Financial Services Authority (DFSA).
DIFC is also home to 18 of the top 25 global banks, six of the 10 largest insurers, six out of the 10 top law firms and
eight of the top asset managers in the world.

Business Friendly Environment

The Emirate has many free trade zones. Investing in a free zone allows 100% ownership to the enterprise, 100%
repatriation of capital and profits, no minimum capital investment, no corporate or personal tax and no need for a local
partner. One of the oldest and most successful is the 58 square kilometer Jebel Ali Free Zone, set up in 1980 which has
the largest man-made port in the world. The new Maktoum International Airport under construction makes Jebel Ali
the only free zone with both an international port and airport. Dubai Airport Free Zone (DAFZ) was named the best
Free Zone in the Middle East and the second best in the world by the Foreign Direct Investment magazine of the
Financial Times.
364 of the Fortune 500 companies and 53 of the FTSE 100 companies have a presence in the Emirate.
Dubai is one of the largest gold and diamond trading hubs in the world.
With different types of visas, immigration and other restrictions in various Middle Eastern Countries, Dubai through its
open trading policies has become a de-facto hub for doing business in the Gulf and the Middle East.

You might also like