The UAE Investment Outlook: An Overview

2. The UAE Investment Outlook: An Overview 2.1 Introduction The UAE has been a major concern hub in the position East for a long time, initially with the deal out of gold, pearls and spices and later with the trade of oil, which was only observed during the latter one-half of the twentieth century. Recognising the vulnerability of the countrys reliance on an exhaustible resource, the visionary rulers of the country initiated a series of domain policy and infrastructure initiatives aimed at diversifying and growing its economy. These policies acknowledged the splendor of attracting foreign capital, in ensuring the countrys long-term economical prosperity. Key elements in the UAEs bonus strategy control been the provision of first-class industrial facilities and personal credit line support services, lessening of red tape and streamlining of administrative procedures, as well as the updating of commercial laws and regulations to meet foreign obligations, increase transpar ence and ensure effective protection for investors. indulgent tax laws and semipolitical stability also assist in making the UAE a bill business location. (http://www.uae.gov.ae) 2.

2 Locational Advantages The UAEs location makes it a prime gateway for businesses targeting the emerging markets of the Middle East, India, the Commonwealth of Independent States (CIS), and southward Africa. Dubai, the commercial capital of UAE is a rapidly expanding, diverse and profuse metropolis and a pagan cross-roads where east meets west, and the old and tender come together in one place to pretend a truly extraordinary ci ty (UAEinteract, 2006). With the governments! positive business initiatives and a tolerant multicultural society, innovational UAE has met with success in some initiatives and continues to attract global economic aid through audacious and innovative real estate projects, realness class events and light enterprises, not to mention a stentorian tourist trade. opposite locational advantages include its low crime rate, year-round...If you compulsion to get a full essay, order it on our website: OrderCustomPaper.com

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