Dubai is the main business hub of the Middle East and one of the most rapidly growing economies. Dubai’s strength as a city is due to the flourishing small businesses within the city. The primary source of revenue is the oil industry; however, the city is now expanding into other sectors such as tourism and travels real estate, aviation financial services, and infrastructure projects.
Four reasons why you should invest in Dubai
- Dubai as business Hub
Dubai is a hub for business. It has drawn a large amount of business and investment dealers due to its well-developed economy and the support provided by the government to help start small-scale businesses or industries. Not only the residents from Dubai however, but even foreign citizens can benefit from these opportunities to do business. Foreign business can bring significant growth to the economy.
- Shopping center
Dubai is often referred to as the “shopping center of UAE”. Most tourists come to Dubai for shopping because they can purchase items for less. Dubai has more than 60 retail stores and is home to one of the biggest malls of shopping.
- Government of UAE aids and assists in the creation of businesses
As a result, the process of starting a business in Dubai is an easy and easy job. The government also assists investors to invest and offers incentives to start an enterprise.
- The laws
The rules governing business in Dubai favor the investors and supply investors with tax-free conditions.
Below is a detailed list of companies in Dubai
- Travel and Tourism
Tourism is among the most lucrative sectors of the economy of Dubai. Dubai is the world’s shopping capital and draws an enormous number of visitors. Dubai is home to many tourist destinations and five-star hotels catering to more than 50 million people.
- Infrastructure and Construction
Dubai has recently launched huge construction projects. Dubai is famous for its tall buildings and high-rises. The real estate market is expanding, and real estate is one of the most important industries in Dubai. After the Oil and Gas industry, Dubai is known for its skyscrapers.
- Energy sector
Dubai was once considered the heart of the Energy industry. The competition in energy is extremely high; however, there is a chance to invest there to sustain the many generations’ energy facilities.
- Dubai Flower Centre
Dubai is famous for its flower centers which house over 350 floral shops in Dubai. For more information related to business setup in Dubai contact, Meydan Free Zone.
- Jewelry Making and Retailing
Dubai is also known as the “City of Gold”. The gold-rich city has numerous venues for jewelry dealers and designers. There are always opportunities for investment in jewelry making since the city is a magnet for wealthy gold buyers.