More and more people are finding opportunities to invest in the United Arab Emirates. The UAE is considered to be the best market in MENA (Middle East and North Africa) in terms of the financial strength with its sovereign and private wealth combined with strong government support for the economy. As a highly industrialised federation, the UAE is one of the most developed economies on the planet, reflected in its GDP per capita, ranking 13th in the world and 3rd in the Middle East, after Qatar and Kuwait in 2016.
Vision of the UAE in the upcoming years
The UAE is aiming at reduce its dependence on oil to 20% by 2021 and focus on the industries based on knowledge and technology. At the same time the government’s Vision 2021 growth plan prioritises the development of an attractive environment for entrepreneurs.
Sectors to invest:
One of the key priority of UAE’s long term economic development plan is to diversify the economy, reduce dependence on oil and attract more international investment. Government supports with a great environment of modern infrastructure and investment incentives.
UAE infrastructure has the premier infrastructure private equity. Abu Dahbi airport passenger traffic of 12.4 million passengers. Enhanced port capacity in Al Taweelah Khalifa Port can serve regional trade. Infrastructure programmes are constantly underway maintain the quality of all UAE services to the highest of international levels.
Investors has great investment incentives with 0% corporate tax, 0% income tax and no minimum requirement for company set-up.
The key sectors to invest are diversity and full of potential.
- Food and Beverages
- Real Estate
What government is doing to attract investments:
Investors are attracted by the absence of taxes and a low cost of living. Many international companies are eager to establish activities in the Emirates’ free zones and industrial cities.
What’s about startups?
Reliance on E-commerce and mobile systems prove that UAE is rapidly establishing startup ecosystem. Entrepreneurs receive support for the startup initiatives. Together with the government support, mentorship programs and local accelerators have been established across the country.
Events to attend:
- The Step Up Conference
- Arab Health