The UAE Investment Outlook: An Overview

2. The UAE Investment Outlook: An Overview 2.1 Introduction The UAE has been a major employment hub in the set East for a long time, ab initio with the deal out of gold, pearls and spices and later with the trade of oil, which was only find 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 festering its economy. These policies acknowledged the splendor of attracting foreign capital, in ensuring the countrys long-term economical prosperity. Key elements in the UAEs motivator strategy control been the provision of first-class industrial facilities and billet support services, lessening of red tape and streamlining of administrative procedures, as well as the updating of commercial laws and regulations to meet multinational obligations, increase transparence a nd ensure effective protection for investors. affectionate 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 ethnical cross-roads where east meets west, and the old and tender come together in one place to pretend a truly unmatched city (U AEinteract, 2006). With the governments posi! tive business initiatives and a tolerant multicultural society, innovational UAE has met with success in near initiatives and continues to attract global economic aid through loud and innovative real estate projects, realness class events and feature enterprises, not to mention a stentorian tourist trade. other(a) 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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