Thriving business community
Through its progressive and dynamic ecosystem, the emirate is empowering companies to flourish and succeed.
Investment potential for business
What’s more, Dubai’s global trade continues to boom.
US$ 330 billion
Dubai’s external non-oil trade in 2018 is valued at around a third of a trillion dollars.
Dubai is home to more than 30 free zones
Trade in free zones
The city’s free trade zones account for almost US$145 billion.
Dubai free zones attract 56% of the world’s Fortune 500 companies and more than 200,000 registered companies.
Dubai has seen a large influx of SMMEs (small, medium and micro enterprises) and boasts one third of all MENA investors and 19 venture capitalists – the highest in the region.
Ease of doing business
This reflects not just ease of setting up, but its established trade and industry networks and multi-sectoral eﬀorts that have been made to increase eﬃciency.
Initiatives for success
Smart Dubai Office has launched over 130 initiatives in partnership with government and private sector entities. Some key initiatives include the Dubai Data Initiative, the Dubai Blockchain Strategy, the Happiness Agenda, the Dubai A.I. Roadmap and the Dubai Paperless Strategy, which are all aimed at making business more efficient, effective and less time intensive.
Over 4500 Instant Licenses were issued since the launch of the service three years ago until 2020. Mentioned by the Business Registration and Licensing (BRL) sector in Dubai Economy
3,448 of Instant Licenses issued up to 2020 were commercial.
1,244 of Instant Licenses issued up to 2020 were in the professional category.
Smartest city in 2021
Dubai has an ambitious goal to be the world’s smartest city by 2021. And savvy businesses realise the region has become an international magnet for tech-based businesses. According to the latest Smart Cities Index, Dubai is now one of the world’s top five cities using tech to improve residents’ lives.
AI and IoT
The emirate is leveraging emerging technologies and initiatives such as Blockchain, Artificial Intelligence (AI) and Internet of Things (IoT) to make business more personalised, seamless, and impactful.
The future belongs to those who can imagine it, design it and execute it. Dubai is built for business within a safe and secure environment that continues to bring companies from all continents to its shores.
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