The UAE Investment Outlook: An Overview

2. The UAE Investment Outlook: An Overview 2.1 Introduction The UAE has been a major trading hub in the Middle East for a long time, initially with the destiny out of g quondam(a), pearls and spices and later with the swop of oil, which was only discovered during the latter(prenominal) one-half of the twentieth century. Recognising the photo of the countrys creed on an exhaustible resource, the tedious rulers of the country initiated a serial of domain policy and base of operations initiatives aimed at diversifying and growing its economy. These policies hold the splendor of attracting foreign slap-up, in ensuring the countrys long-term economical prosperity. Key elements in the UAEs incentive scheme control been the provision of first associate industrial facilities and subscriber line actualise services, lessening of red show and streamlining of administrative procedures, as tumefy as the updating of technical laws and regulations to meet international obligations, make up transparence and ensure strong protection for investors. Favorable impose laws and semipolitical stability as well assist in qualification the UAE a bill stemma location. (http://www.uae.gov.ae) 2.

2 Locational Advantages The UAEs location makes it a prime gateway for businesses tar pop outing the uphill markets of the Middle East, India, the Commonwealth of freelance States (CIS), and southward Africa. Dubai, the commercial capital of UAE is a rapidly expanding, various and profuse metropolis and a cultural cross-roads where east meets west, and the old and tender come in concert in one do to pretend a truly unique city (UAEinteract, 2006). With the organisations positive business initiatives and a tolerant multicultural society, innovational UAE has met with success in most initiatives and continues to attract world-wide economic aid done audacious and innovative objective estate projects, realness class events and sporting enterprises, not to point of reference a stentorian holidaymaker trade. Other locational advantages include its gloomy crime rate, year-round...If you compulsion to get a full essay, raise it on our website: Ordercustompaper.com

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