Emirates and its varying business conspiracies

Economy of UAE has been in the amendment stage from 2009, as a result of global economic downturn. One of the key sectors affected was the real estate, even though the overall business was in a better position. Keeping real estate within norms, legislation was made active. This was done before the amendments. Real Estate Regulatory Authority has been set up to prior to the amendments, but the tapering itself was not executed recently.

It is to be noted that there is an indirect advantage occurred to the economy from the recession. Living in Dubai for the middle class and lower middle class is really a burden at the time of boom, as the cost of living was so expensive. During the boom, business men shifted their key activities to real estate. Their core businesses were in suffers, as the margins were lowered. Nobody can deny the infrastructure and amenities in Dubai that positively favors the business.

Government has established SME in Dubai in promoting SMEs to hatch up their business, as 98% of businesses are SMEs. UAE is known as a trading hub, but soon it will become the business hub in addition to the same. Human resource efficiency is really high in UAE, so, developing into an industrial hub will not be a dream come true to UAE economy. Dubai SME supports people of UAE as well as the expatriates in developing a business.

All the foremost banks in Dubai have dedicated divisions for SMEs in Dubai. But it really important to make sure that all the documentations should be with the shareholders when they need to set up business here. UAE levies only 5% of import tax and that too is excused in many areas, which means, you can focus only on your business and its improvement. It is really an easy task to start a business in UAE. Business men who wish to develop their business globally can locate a hub either in Dubai or elsewhere in UAE.

Al Gharbia – pave ways to sustainable growth

Al Gharbia, located at Abu Dhabi covers 60,000 sq.kl, i.e. the 71% of the total land mass of UAE. Al Gharbia is home to seven major cities namely, the Madinat, Zayed, Ruwais, Ghayathi, Liwa, Mirfa and Sila. Madinat Zayed is the administrative centre of region, which is named after His Highness late Sheikh Zayed Bin Sultan Al Nahyan. Al Gharbia is located close to the borders of Saudi Arabia and Qatar.  It is home to the world’s peak sand dunes and natural shores that extend along 350 kilometers. It is Al Gharbia that hosts the rarest wildlife in UAE.

It conserves the values of traditional Arabian lifestyle and civilization, while succeeding in incorporating into contemporary opulence and other facilities. It offers luxury hotels and resorts neglecting the sea, thus turning it into a perfect tourist’s destination for visitors round the globe. During the past couple of years, Al Gharbia has noticed the establishment both the Western Region Development Council (WRDC) and an independent Western Region Municipality, as a result of the direct momentum offered by the Crown Prince His Highness Sheikh Mohammed Bin Zayed Al Nahyan.

One of the key significance of Al Gharbia is that, it possesses the largest refineries and oil fields and reserves in UAE. It is also home to advanced agricultural activity, which is supported by the rich farms in the country. Al Gharbia offers over AED 115 billion to the Emirate’s yearly GDP. It is notable for its varied agriculture and animal husbandry, which ranges from dates and vegetables fabrication to goat, sheep and camel farming.

Presently, Al Gharbia is being developed to be the most perfect investment destination and has become a novel economic center that attracts investors round the globe. Government has plans to improve its infrastructure. A new railway project has been approved by the Government that connects the seven emirates. The proposed railway line will start from the coast and run all the way through the borders of Saudi Arabia, which is in the city of Sila. This new project will facilitates access to Al Gharbia making it more open. At the same time, this kind of investment will help the region in building economy by increasing prospects and efficiency, thereby achieving growth and prosperity as a whole. 

KIZAD; the Global Industrial Zone for Low Cost Operations

KIZAD, the Khalifa Industrial Zone Abu Dhabi  is one of the world’s biggest industrial zones, which was revealed to the potential investors during November 2010. KIZAD offers industries with novel ways of conducting their business. It also offers unparalleled prospects for them to grow in their core business sector. This mega project is a division of Abu Dhabi Ports Company, the ADPC, which spans over an area of 417 square kilometers. This proves to be a crucial part for Abu Dhabi Government’s Economic Vision.  Abu Dhabi Economic Vision intends in diversifying its economy away from dependence and oil that adds 15% of Abu Dhabi’s non-oil GDP by 2030.

It is clear that KIZAD stands unique for a wide array of motives, apart from its size, which is really two-thirds that of Singapore. Besides that, KIZAD have extraordinary access to world market. It offers a low cost operating environment to the global business. Moreover, it offers Free Zone and Non-Free Zone option for companies. KIZAD also provide potential leaseholders with classy transport infrastructure and a matchless connecting network via air, sea and road. Businesses will get profited from the low cost power, gas and water utilities along with zero custom duties.

Planning and association of KIZAD is designed in such a way that it adds value to each and every stage of the supply chain by increasing productivity. KIZAD provides business efficiency of scale, immediacy and market admittance. It will present all necessary information with regard to the business establishment and will facilitate the relationship with the Government and Licensing Authorities in ensuring processing approvals. KIZAD has started on to showcase its unique features to the world through the partaking of conferences and demonstrations.  

A few of the conferences and Exhibitions that KIZAD has played a part were International Cargo & Logistics Conference in Malaysia and also the Hannover Messe Exhibition held at Germany. This Industrial Zone is guaranteed to attract local and global firms. It is expected that, around 60-80% of the total goods produced in this zone is exported to major nations. The well known Industrial Zone is well set to play a vital role in Abu Dhabi Economy by 2030, by giving way for foreign direct investment. It is likely to set novel standard for industrial zone infrastructure, operations and environment. KIZAD will also establish global business best practice for strengthening aggressive benefits of Abu Dhabi. 

Dubai Airport Free Zone eyes on endorsing Industrialism

Entrepreneurship is a trait that has survived through ages. Entrepreneurs are those who establish ventures that build up economic prosperity to one and all. As time passes by, human beings have practiced the trade of Entrepreneurship. Several studies were conducted and most of them indicate that small and medium sized businesses are the backbone of each and every local economy. Small economies are those that lead us out of worst economic times, as they are agile and inventive.

In order to develop successful start-up ventures, business incubation is needed, which offers entrepreneurs with a wide array of targeted capital and services. The key role of business incubator is to develop financially feasible and freestanding successful business firms. As a part of the effort made for promoting innovation and entrepreneurship, Dubai Airport Free Zone has launched DEC, the Dubai Enterprise Center. DEC is a business incubation center that operates based on best global practices.  

Dubai Airport Free Zone has served UAE for the last 14 years and has instigated many global firms. DEC endeavors to hold on the rational capital of Dubai and continues to fuel the growth of Dubai all the way through entrepreneurship. Dubai Enterprise Centre provides better opportunity for industrialists in starting a business with guidance and support from mentors, academics and experts in managing a start-up business. DEC’s infrastructure comprise of state of the art amenities. It constitutes conference hall and also a training room.

One of the Key features of DEC is that, it is being open to all industries including that of Emirates and expatriates. Industrialists who wish to set up a starting business can get full support from the DEC by its highly qualified and experienced professionals. Capitalists who wish to have an opening to put up starting business can come to DEC. DEC will help you with the positive environment, encouragement and support to do the business. DubaiEnterprise Center will bring your ideas alive and will support the intellectual resource to congregate capitalism.

Dubai Renovated – a Prospective Logistic Hub

Roads, railroads and canals lead to the trading opportunities and it defines the location of major cities. In the early 16^th and 17^th century, cities were built around waterways and seaports. This 21^st century has noticed a new trend in determining the location of economic hubs and creating ‘Aerotropolises’. Emirate is now following a strategy to diversify energy commodity exports into a broader base. Dubai flourishes its service sector to be a major trading hub.

The Emirate is committed in the further development of transportation and logistics environment. Dubai will have the first and only integrated sea-land-air corridor. This will help in containers offloaded from a ship to be transported and airborne in two or three hours. Dubai has launched its operations at Al Maktoum International Airport in June 2010, which will be the world’s largest airport in terms of passenger and cargo volumes. Government of Dubai has set up the Dubai Multi commodities Centre Authority (DMCC), who are the master developers of the Jumeriah Lake Tower free zone (JLT). 

Jumeriah Lake Tower Free Zone (JLT) is the fastest emerging Free Zone among UAE Free Zones. The key goal of DMCC is to offer the required physical, market and fiscal infrastructure to enhance commodity flow through Dubai. DMCC has registered over 725 companies in 2010 and 750 companies in the year 2011, from the month of January to August. And has continues to make JLT, as one of the fastest rising Free Zones among UAE.

DMCC has unveiled the prototype of the first gold bullion coin in the UAE. A national legal tender gold coin will position as a globally recognized sign of pride and credit of UAE’s achievement. Dubai has itself positioned as the regional trade hub that connects East and West. DMCC has devoted to continue to help Dubai in its growth and prosperity by developing Dubai trade. Today JLT has around 15,000 residents and 10,000 people working over 200 hectares of development. DMCC look forward in helping novel and existing JLT members in reaping the benefits of both Dubai and JLT.