Hydrocarbons revenues still form the bulk of Abu Dhabi’s GDP and while falling prices are a concern, the emirate has been moving steadily towards its economic diversification targets in line with Abu Dhabi Economic Vision 2030. The past 10 years has seen the non-oil sector expand strongly on the back of business-friendly government policies, as a result of which non-oil sector growth now outpaces that of the oil sector.
Dubai’s transport, communications and storage sector is a leading contributor to the economy, accounting for 14.8% of GDP in 2013. Dubai’s reputation as a transport and logistics hub was bolstered in 2010 with the launch of a logistics corridor connecting Jebel Ali Port, Jebel Ali Free Zone and the new Al Maktoum International Airport. The corridor will be supported by the development of...
The guide includes listings of some of the leading hotels and resorts in Dubai and contact details for important government offices and services. It also contains useful tips and information for business and leisure visitors alike.
This chapter contains an outline of the legal framework in which local and foreign investors operate in Dubai. It includes a look at how the emirate is positioning itself as a leading Islamic financial centre, a breakdown of regulations on foreign ownership and an overview of the smart city initiatives. This chapter contains a viewpoint from Michael Kerr, Regional Managing Partner, Dentons....
This chapter contains an overview of the tax framework in which local and foreign investors operate, including an outline of the incentives available in the free zones and a look at the opportunities in the Dubai International Financial Centre. This chapter contains a viewpoint from Mahmud Merali, Managing Partner, MERALI’S.
Dubai plays host to more than 2000 major media companies, including 120 TV channels and broadcasters, and 180 production houses. While the effects of the global financial crisis have resulted in some residual caution among market players, there is plenty of upside for Dubai’s media and advertising outfits to tap into. In first-quarter 2014 newspapers had the highest advertising expenditure,...
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