Dubai Business and Economy

The Dubai’s business and economy is majorly defined by their chief export and that is the oil products from the oil industry in the country. The country’s economy and business relationship with the international community has been boosted up by the presence of the oil deposit in Dubai. The product of the oil mining is being exported to the outer world which in turn brings back revenue to the country. The total annual revenue from the oil industries account for about 10% of the Dubai GDP.Apart from the oil production, the tourist and the banking sector has played a major role in the country’s economy, it has enable Dubai to come back to its feet even after the recession which was heavily felt in the previous years. 

Dubai being one of the Middle East finest has top the chart as the leading regional commercial-business hub offering the best environment for business which is accompanied by the well maintained and developed infrastructural system. The city attracts investors from all corner of the world more so the Middle East hence it acts as the meeting business point for both international investors and local entrepreneurs. Dubai has a tax free lifestyles and stable economy which enables multinationals investors and organization which eyes to invest in the Middle East or Central Asia. Dubai opens doors to international markets based both oversees with many opportunities to offer has business is concerned. 

Dubai annual domestic imports are estimated at $16 billion hence the rate at which its market is growing is creating a good and favorable environment for investor and also tourist. Dubai’s business market is liberal and accommodates all business partners from any business categories to ensure that all the required and valuable investment do not pass Dubai, this environment has enable Dubai’s economy to grow tremendously. This kind of environment is suitable for all walks of lives in the name of businessmen. 

The security at the airline services are of class and the legal process to conduct business licenses has been made easier by the new introduced laws regarding foreigner investors and company’s registrations act. The hub offers its citizen and foreign a good living standard and also earnings. What make Dubai’s economy and business so different from other Middle East countries are its nature and the conducive environment that it offers the investors, is its friendly arm that welcomes all investors and treats them equally and fair.