Both the United Arab Emirates (UAE) and Qatar are keen to bring high standards of education and to encourage the establishment and development of high tech businesses. Particular emphasis lies in low carbon technologies and areas where partnerships for sustainable business can be built.
United Arab Emirates
Dubai is the second largest member of the UAE. It’s home to the most important port and is the country’s commercial capital.
It offers easy access to the 1.5 billion consumer markets situated in Africa, West Asia, CIS countries, and Eastern Europe as well as the areas surrounding the Red Sea and the Gulf.
In general, setting up a business presence in Dubai is relatively easy and straightforward.
With progressive, forward-thinking government policies in place, the business environment in Dubai actively encourages foreign investors.
The government provides all industrial facilities, and has brought in several liberal commercial laws and regulations that are hugely appealing to overseas businesses.
Investors are granted incentives and along with the simple procedures for doing business in UAE.
What makes doing business in Dubai even more attractive is the fact that taxation is minimal and mostly non-existent. The only industrial sectors that are significantly assessed in taxation are banking, oil and cigarette manufacturing.
Sector opportunities in UAE
- Healthcare and medtech
- Energy (esp. oil and gas)
- Financial and professional services
- Luxury foods and textiles
- Transport and logistics
- Travel and tourism
Dubai is a truly global city − a place of contrasts where traditional eastern and modern western cultures blend seamlessly to produce a vibrant, dynamic city with a very distinctive personality.
It’s a place which has changed constantly and adapted itself to become one of the world’s great business destinations.
For much of the past decade, the United Arab Emirates (UAE) – led by Abu Dhabi and Dubai – has invested in the development of its physical infrastructure and business environment.
While the financial crisis of the past four years exposed weaknesses in the overblown real estate sector, the UAE has managed the impact of the crash and has laid the foundations for long-term growth based on a diversified economy and a vibrant private sector.
Although each of the 7 Emirates pursues its own course, set by the visions of their respective ruling families, it’s the UAE’s robust federal structure, underpinned by Abu Dhabi’s oil exports, that provides the political and fiscal bedrock for this growth.
Abu Dhabi’s efforts to reinvest petrodollars into industrial diversification, infrastructure and political stability have ensured the cohesion of the UAE’s federal structure.
Years of government investment have put the country in a position to attract entrepreneurship and it is the private sector that will now take up the challenge to help build and diversify the economy further.
With one of the highest rates of GDP per capita in the world and a stable government and economy, there is real potential for companies to bring their products and services to Qatar.
Sector opportunities in Qatar
- Education and training
- Energy and environment
- Financial and professional services
- Transport and infrastructure
The exploitation of significant gas reserves has made Qatar a key strategic energy supplier to the world’s major economies. Oil and gas (which account for around 50% of Qatar’s GDP) are the major driving forces of Qatar’s economy – one of the world’s fastest growing.
Safeguarding and maximizing oil and gas revenue therefore remains central to Qatar’s economic development and to its desire to diversify its economy.
Qatar will invest tens of billions of pounds to develop its infrastructure over the next 10 years or so. Its successful bid to host the World Cup in 2022 provides a real focal point for projects including rail and the New Doha Port.
Rapid population growth is driving demand for accommodation (both residential and commercial) and medical and education services.
More than 50 new hotels are currently under construction or in the planning stages.