Dubai is the business hub of the entire Middle East and one of the fastest growing economies. Dubai’s economic strength rests on the city’s thriving small businesses. The main income comes from the oil industries, but the city is now diversifying into other sectors such as travel and tourism, real estate, aviation, financial services, and infrastructure projects.
Top 4 reasons to invest in Dubai
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Dubai as a business hub: Dubai has attracted a large number of investors and traders due to its developed economy and the support offered by the government to start small businesses or industries. Not only Dubai citizens but also foreigners can invest in these business opportunities. The foreign business provides a major increase in the economy.
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Mall: Dubai is known as the “Mall of the United Arab Emirates.” Most of the visitors are drawn to Dubai for shopping as they can purchase items at a much more reasonable price. It has more than 60 shopping malls and boasts one of the largest shopping malls in the world.
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The UAE government helps and supports business establishment, so starting a business in Dubai is very easy and convenient. The government also encourages investors and gives incentives to start a new business.
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Dubai’s business laws favor investors and provide them with a tax-free environment.
Below is a compiled list of companies in Dubai.
1.Travel and Tourism
Tourism is one of the booming sectors in Dubai’s economy. Dubai, being the shopping capital, attracts a large number of tourists. Dubai has many tourist attractions and five-star hotels that serve up to 50 million tourists. Dubai is the main import and export center for flowers. There are many flower shops in Dubai that attract tourists from all over the world.
2.Infrastructure and Construction
Dubai has recently developed large construction projects. The city is known for its high-rise buildings and skyscrapers. Burj Khalifa, the tallest building in the world, is located in Dubai. The real estate market is growing tremendously, and real estate is now one of the most important sectors in Dubai. After the oil and gas industry, Dubai is known for its skyscrapers. New structures and buildings are being built every day. This has led to the growth of new opportunities for professional builders and engineers, and they are now investing in the construction sector.
3. Energy sector
Dubai was previously known as the hub of the energy sector. Competition in the energy business sector is enormous; investment opportunity still exists to maintain multi-generation facilities for power
4. Dubai Flower Center
Dubai is known for its flower center which services more than 450 flower shops in Dubai. The flower center is spread over 1 lakh m2 areas and provides 1.5 lakh tons of flowers every year. Online flower delivery services are also available in the city that offers reliable delivery of flowers anytime and to any destination. The flower center employs qualified professionals who are responsible for import and export activities. The DFC offers a wide range of products such as cut flowers, fruits, vegetables, plants and foliage.
5. Manufacture and sale of jewelry.
Dubai is also known as the “City of Gold”. The city of gold has many facilities for merchants and jewelery makers. There have always been investment opportunities for jewelry making, as the city attracts wealthy and popular gold buyers.
