Why has Dubai emerged to be a business hub?
Posted by Gauri Satpute on February 3rd, 2020
Gone are the days when Dubai used to be perceived as a desert city; in present times, it has emerged to be one of the leading cities of the world with world-classbusiness and lifestyle. In fact, it is touted to be the fastest developing business hub in the world. With such great prospects for the future, it hardly comes as a surprise that numerous businesses and top brands are opening their offices in the city. If you are soon to visit the city, do check out Business Bay Dubai restaurants. Interestingly, the government too, in an attempt toboost the diversified economy, has implemented a number of economic and administrative policies which are further attracting businesses and human capital to Dubai. Being a free economy, Dubai is always open to foreign business and investment. There is minimal involvement of government regulations and policies, and instead, businesses operating in the free zone are legally permitted to be 100% foreign owners with minimum import duties.
Its prime location is yet another favourable factor; thanks to the large coast-line and the global aviation hub, transportation and connection of people from all over the world is easy and convenient. This is turn also reduces the cost of developing businesses and paves the way for better opportunities. It is also interesting to note that Dubai draws a significant chunk of skilled workforce from all over the planet, owing to the attractive income prospects and global reputation. This has also led to a rise in the popularity of business hotels in Dubai. Besides, the government of Dubai consciously takes measures to convert the existing human capital into more efficient and competent employees by investing into large-scale training facilities. Thus, businesses can also save a good deal of money on training the staff.
Since over the last few years, Dubai has managed to acquire a soaring reputation as a global leader for business hubs, it is further pulling manpower and businesses in a high capacity to this city. The rising growth pace has earned it the world-class image of a luxury destination that is at par with cities like New York and Paris. Hence, enterprises are considering it to be a wise decision to set up a business in Dubai. Business setup in Dubai also promises wide exposure to cosmopolitan lifestyle and multinational workforce. A visit to the Business Bay restaurants which host people from various parts of the world will show you what we’re talking about. With the rapid growth of market and businesses, infrastructure too is improving enormously. What’s more, being strategically developed between east and west economies, Dubai has the ability to co-exist which consequently, enables the city to connect and expand business internationally.
No wonder, in recent times, Dubai has been ranked as one of the most developed and connected business destinations!
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About the AuthorGauri Satpute
Joined: February 15th, 2018
Articles Posted: 145
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