Providing unrivalled access to the world’s highest potential economies, Dubai has firmly established itself as a global leader in innovation and as a hyper-connected, pro-business hub between the East & the West.
The emirate’s longstanding international outlook, liberal business policies, strong governance and readiness to address the needs of the world of business, has catapulted it onto the global stage. This has led to everyone from FTSE 100s to innovative start-ups, looking to capitalise on Dubai’s strategic positioning as a gateway to the economies across Middle East, Africa and South Asia – a region with a projected combined GDP of over US$12.8 trillion by 2030.
In addition, Dubai is proven to deliver an efficient, secure and future-forward network ecosystem for accelerated growth. Backed by committed investment in key growth sectors and smart-city development, the city is well positioned to consistently be ranked as the Top 5 global centres for trade, logistics, tourism and finance and is internationally recognised as the dominant financial and trading centre for the world’s Islamic economy.
Having pioneered economic free zones with 100% foreign ownership, tax free policies, full repatriation of profits, low-cost set up and renewal structures, Dubai’s trade-conducive environment has regularly evolved to offer dedicated zones for segmented industries and their specific requirements.
In addition to attracting 56% of the world’s Fortune 500 companies, and with over 200,000 registered companies, Dubai has also seen an influx of SMMEs (Small Medium and Micro Enterprises) leveraging its conducive ecosystem to set-up, scale and service a wide range of markets from this very geographic node. The city also delivers a compelling network of angels, accelerators and venture capitalists offering a range of support mechanisms, accounting for one-third of all MENA investors and 19 venture capitalists – the highest in the region.
Proven Track Record
Due to its continually evolving, mature and business-enabling, regulatory and legislative policy ecosystem, the UAE has maintained its position as the leading country in the Arab world in ‘Ease of Doing Business’, according to the World Bank’s latest rankings. Dubai was also ranked 18th in the September 2017 Global Financial Centres Index, and 6th worldwide in terms of reputation.
Rated as being the most prepared for change in the MENA region, and the 3rd most prepared globally, according to The KPMG Change Readiness Index, the country also led the region in competitiveness, and climbed to 16th place worldwide on the World Economic Forum’s Global Competitiveness Report 2016-2017.
In addition, led by its high-tech infrastructure and execution of smart initiatives, the Gulf States Smart Cities Index report by Navigant ranks Dubai as the Middle East’s leading smart city.
With its rich and high-performing business events calendar, Dubai is one of the world’s leading networking destinations, hosting more than 290 MICE and business events annually, including over 100 mega-events, to welcome 3 million delegates and attendees from 185 countries.
As a regular platform for product launches and idea-exchange, Dubai is further building its R&D hub positioning, and growing role as an Innovation Cradle, allowing businesses to tap into cutting-edge knowledge and expertise to pilot test next generation products and services to a fast growing wider regional market.
As the world’s 4th most visited leisure destination, welcoming 14.9 million visitors in 2016, Dubai offers a rich diversity of attractions, entertainment and lifestyle opportunities. The city is also striving to be the world’s number 1 destination for families and under the Dubai 2021 Plan, remains steadfast in its commitment to a tolerant, progressive and inclusive society, driven by creative and future centricity, both of which have been the bedrock in enabling its ambition to become the happiest and preferred place to live, work and visit.