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Course contents (Business in Middle East)
- Introduction to Dubai UAE.
- Economy. Foreign trade. Exports and imports.
- Foreign Direct Investment FDI.
- How to set up business.
- Case: Al Jazeera.
Summary:
Doing Business in Dubai UAE, Exports and Imports, tourist destination, hub for service industries (IT, finance, ligistics)
Today, Dubai is an important tourist destination and a hub for service
industries such as IT, ligistics, and finance, with the new Dubai
International Financial Centre (DIFC). Oil income represents a small proportion
of the emirate's income.
Dubai presents international business with a wide range of opportunities for
different activities and operations, including: Trade,
transport and distribution, Manufacturing and processing or Regional
offices.
As the leading regional trading hub, Dubai offers access to a market of
outstanding potential for overseas companies in a wide range of sectors. Among
its key characteristics are:
- A large market - more than $17 billion in domestic imports annually; gateway
to a $150 billion p.a., 1.4 billion population regional import market;
- A growing market - Dubai's imports have more than doubled since 1989;
regional economic growth and liberalization is set to boost demand;
- A prosperous market - strategic location at the heart of one of the world's
richest regions;
- A diversified market - wide import requirements; opportunities for suppliers
of most products; An accessible market - served by more than 170 shipping lines
and 86 airlines; An open market - no exchange controls, quotas or trade
barriers.
Dubai offers foreign companies a wide choice of business options, including:
- Direct trade - selling directly to established dealers and distributors.
- Commercial agency arrangements - appointee must be a UAE national or
company; agreement to be registered with Ministry of Economy and Commerce.
- Branch or representative office - 100% foreign ownership permitted; local
agent (sponsor) must be appointed; Economic Development Department license
required.
- Limited liability company - foreign ownership restricted to 49%; Economic
Development Department license required.
- Special free zone investment incentives.
The economy of the United Arab Emirates (UAE) is 62.8 percent free, according
to 2008 assessment of Heritage Foundation, which makes it the world's 63rd
freest economy. The UAE is ranked 7th out of 17 countries in the Middle
East/North Africa region, and its overall score is
higher than the regional average. The UAE is a regional financial hub, but its
financial sector is subject to considerable government interference.
Available Language:
Business in Dubai, United Arab Emirates, UAE, Economy, Foreign Trade, Doing Business, Exports, Imports, tourist, hub, service industries, IT, finance, ligistics, Master, International Business
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