‫دبي‬
Dubai
ً‫أهالً وسهال‬
Ahlan Wa Sahlan!
Fayha Sultan
Marketing Manager
Commerce
Presentation at a glance
Economic
Overview
Free Zones
Economic
Diversification
Investment
Incentives
Investment
Laws
Moving
forward
Dubai
Ras Al Khaimah
Umm Al Qaiwain
Ajman
Sharjah
Fujairah
Dubai
Abu Dhabi
• Dubai is one of seven emirates that
make up the United Arab Emirates
• Dubai is the tourism, commercial
and trading hub
• Population 1.93
• Active population 3 million
Recent news
Emirates ranked
largest airline in
2011 making 23
consecutive years of
profit
World Economic
Forum 2011 report
classified UAE at top
of innovation driven
economy
IIF finds Dubai a
safe haven in the
Arab World in 2011
with the best
infrastructure
A study by A.T.
Kearney found UAE
second most
attractive Apparel
Retail hotspots
Dubai Ranked 9 as
top tourist
destinations for 2011
London is no 1 New
York is no 12
DXB 4th busiest
Airport in
international
passengers
according to
Airports Council Int
DP World posted
10% increase in
cargo volume
worldwide this year
Rated no 1 in
Foreign Direct
Investment in 2009 in
the Middle East by
FDI magazine
HSBC survey
revealed UAE ranks
fifth in top financial
locations
Law abolishing
minimum capital for
LLC has been
introduced
FDI Magazine finds
Dubai the city of the
future in 2011
World Economic
Forum Report ranks
UAE 3rd in security
and 4th in
infrastructure
Budget for 2011
Balancing Economic & Social
43%
Economic
Sector
24%
Social and
Public
Spending
22%
Security
and Justice
11%
Gov
Excellence
Economic overview
• Non-oil accounts for 96%
of GDP
• Services sector 74%
• GDP £62 Billion in 2010
Future focus
Dubai Strategic Plan (DSP) 2015
Economic
Security, Justice and
Safety
Infrastructure, Land and
Environment
Social
Public Sector Excellence
Advantages for investment
• Zero corporate & income
tax
• Repatriation of capital
• Liberal business laws
• 5% customs duties on
imported goods
• Well qualified competitive
staff market
Investment incentives
Aiming for a knowledge
based economy
State of the art
infrastructure
Economic
diversification
Gateway for Asia,
Africa & Europe
Shopping centre for the
Middle East
Conference & Exhibition Political, economic and
Facilities
social stability
Investment laws
UAE companies 51%
UAE owned and 49%
Foreign owned (Law is
being revised)
100 % ownership for
Professional
companies
100% ownership for
branches of
foreign companies.
Must appoint a UAE
service agent
Starting a company
Free Zone
Outside Free Zone
Simple Application Procedure
Partnership
with UAE Sponsor
Outside free zones
Licensing
Registering
Permission from the relevant
ministry
Licence from the Department
of Economic Development
Register your company
with the Dubai
Chamber of Commerce
Commercial agency law
Direct trade
Commercial agencies
Selling directly to established
dealers and distributors
100% UAE owned
Commercial Agency
agreement
Free zone incentives
Cities for like-minded people
100% foreign
ownership and
control
Customs Duty
free
Renewable
guarantee of no
taxation
100% repatriation
of capital/profit
Simple setting up
procedure
Flexible
investment
options
Straightforward
laws and
regulations
Full
administrative &
recruitment
support
Businessenabling physical
and technological
infrastructure
Rich with
networking
opportunities
Access to a large
pool of skilled
workers
Efficient transport
&
distribution
facilities
Housing facilities
Recreational
facilities
Examples of free zones
Jebel Ali Free
Zone
Dubai Airport
Free Zone
Dubai Car &
Automotive Free
Zone
Dubai
Healthcare City
Dubai Internet
City
Dubai
Media City
Dubai Flower
Centre
Dubai
International
Financial Centre
Knowledge
Village
Dubai
Investment Park
Environment laws
• Green is mandatory
• Regulation 161 issued for green buildings in line with the
Dubai Strategic Plan
Economic diversification
Retail
Finance
Tourism
Health
Infrastructure
Education
Trade
Manufacturing
Construction
Retail
Biggest retail centre in the world
once major retail developments are completed
Dubai Mall
Dubai Marina Mall
Mall of the Emirates / Mirdiff Mall
Mall of Arabia
Tourism
Dubai flagship projects
Burj Khalifa
Dubailand
The World
The Palm Islands
Dubai Marina
Sports City
Festival City
Ski Dubai
Infrastructure
Other
allocations
Infrastructure
•
•
•
•
•
•
Major aviation and logistic centre
Two major airports
Dubai World Central
Metro system
JAFZA biggest man made port
DP World largest marine terminal
Trade - exports
Exports
• Dubai exports 82% of UAE’s total exports
• Re-exports account for 85%
82%
of UAE total exports
Trade - imports
75%
Of UAE total imports
Imports
Dubai imports more than 3/4 of the
UAE’s consumable goods
Trade - statistics
2010
2010
2009
2009
There was a 22.4% increase
in UAE re-exports
UAE exports to UK saw
47% increase
Main exports from the UK are:
2010
2009
UK exports to UAE
increased by 9% in 2010
•
•
•
•
•
•
•
Telecommunications
Power generating machinery
Electrical goods
Transport
Office machinery
Interior and retail goods
Non-metallic mineral manufacture
Future developments
•
•
•
•
•
The Palm Jumeirah
The Palm Jebel Ali
The Palm Deira
The World
Dubai Waterfront
DUBAI WATERFRONT
THE PALM JEBEL ALI
THE PALM JUMEIRAH
THE WORLD
THE PALM DEIRA
Financial services
Dubai International Financial Centre
• Aiming to become a worldclass financial centre
• DIFC has attracted top
financial services
• Companies grew from 744
in 2008 to 859 in 2009
• Free zone regulated by the
(DSFA) Dubai Financial
Health
•
•
•
•
•
•
•
Private hospitals & clinics, Moorefield, Mayo
Research Centre, Harvard Medical
Pharmaceutical offices
Spas & rehabilitation
Residential and hotels around a Lake
Health tourism
Dubai Healthcare City
Education
•
•
•
•
Training Centres
HR Companies
32 International Universities
Middlesex University
Manufacturing
• Light manufacturing
Opportunities for UK companies
Environment /
Alternative
Energies
Construction
Education &
Training
Financial
Services
Healthcare
Mass Transport
Power
(Identified by UK Trade & Investment)
Moving forward
•
•
•
•
•
•
•
•
Attend seminars
Contact trade associations
Contact your local business link
Government associations (DTCM
/ UKTI)
Do your own market research
Attend trade shows & exhibitions
Establish an office
Hire a legal firm to carry out the
procedure
Comments and opinions
Dubai is in a perfect
location – right at the
crossroads between East
and West – with a near to
perfect, and ever
improving, infrastructure.
Logistics,
communication and
transportation are worldclass and the emirate has
a hugely beneficial tax
regime, all of which
combine to make Dubai a
desirable hub for UK and
international businesses
Dubai continues to
be the envy of the
Gulf in its ability to
expand its non-oil
sectors.
Oliver Cornock
Regional Editor
The Dubai Mall and
Marina Mall are
undoubtedly among
the most exciting and
innovative retail
developments in the
world. They are set to
become important
retail centres, building
on Dubai's growing
reputation as the
international shopping
destination
The potential of this
market is huge.
Dubai is an
investment gold
mine with no real
disincentives
Mark Price
Managing Director
John Martin St Valery
CEO
Sean Allison
Technical Director
Dubai is an open
market and
competition is tough
… [we have seen]
more British
companies,
especially Small and
Medium Sized
Enterprises (SMEs) to
come to Dubai to
invest and to use
Dubai as the base
from which to target
the markets of the
region
John Hawkins
Former British Consul
General
‫شكرا‬
Thank You!
Fayha Sultan
Marketing Manager
Commerce
Contact us
Government of Dubai
Department of Tourism &
Commerce Marketing (DTCM)
4th Floor, Nuffield House
41- 46 Piccadilly
London, W1J 0DS
Tel:
Fax:
Email:
Web:
020 7321 6110
020 7321 6111
dtcm_uk@dubaitourism.ae
www.definitelydubai.com
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