Businesses in Dubai are flourishing in every aspect and the emirate stands 37th in the list of top business centers in the world. The emirate features some robust economic clusters that include media, healthcare, technology, real estate, and finance. Among the top 50 centers of commerce driving the global economy, Dubai ranks 37th in that. Moreover, this acknowledgement is due to the flexible business climate and several leverages being given in terms of free trade zones, no corporate taxes etc. The constantly strong economic output has greatly helped in increasing the GDP. Moreover, there are several other factors that are involved in business regulations in Dubai.
The emirate is also a region cargo and air traffic hub which again offers a flexible business climate and it is named as one of the leading centers in the Middle East. Other than the emirate there are other top cities as well that are ranked as flexible business hubs in terms of their performances. Other than Dubai New York, London and Tokyo are among the top three spots. There is an index through which the criteria for the top business hub are judged:
· The ease of doing business
· Knowledge creation & information flows
· Legal and political framework
· Volumes of financial flow
· Economic stability
· Attributes as a business centre
Moreover, there are other factors which greatly help in contributing towards the growth of Dubai being a global business hub. Some of these factors are:
· Best regulatory environment
· Low cost working environment
· Best connected locations within the region
· Competitive energy costs and import duties
· State of art telecommunications
· 100 percent ownership in Free Zones
· Spirited an viable real estate costs
· Ultra modern airports and cargo facilities which are connecting to over 140 destinations
· Facilitated state of art technology and infrastructure
0 comments:
Post a Comment