Investment Incentives
The Middle East and especially the United Arab Emirates (UAE) are still a very attractive market for trade and industrial production. The number of foreign companies regularly participating in international trade and industrial fairs in the UAE as well as the increasing number of foreign companies establishing their regional headquarters in the UAE are proof of the significant economic development of this region.
The UAE has experienced impressive political stability and remarkable economic growth and has transformed itself into an international business centre of global significance. While oil was traditionally the mainstay of the economy, great efforts are being devoted to diversification and now, oil production only contributes to 20% of the country's GDP.
Within the UAE, the Emirate of Dubai has developed into an international trading hub by expanding its trading activity far beyond its traditional base in the countries of the Gulf Co-operation Council. Today, Dubai offers international companies an ideal gateway for developing their business throughout the Far and Middle East as well as the North-African countries.
Foreign companies setting up in the UAE can secure cost advantages that are not generally available internationally. Among these advantages are:
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