Interesting facts:Virtually 60% of the Emirates’ GDP derive from foreign capital investments income. Full version
Manufacturing in the UAE has received a powerful impetus to the growth due to the application of the government programs on the national economy broadening and loosening the dependence on oil. The size of investments into the industrial sector has long ago beaten the billion mark level. Moreover, the industrial sector of the budget ranks second after the oil and gas fragment by the amount of its percentage in the gross national product.
A wide range of trends that distinguish the economy of the United Arab Emirates has changed in recent years. In particular, this is the active development of industrial infrastructure, economic liberalization and improvement of corporate legislation. The right-chosen strategy is already paying off, providing a steadily high economic performance.
Several key directions, which are of great interest to the potential investors, can be singled out among the major manufacturing directions:
The Emirate of Dubai is a vivid example of the swift expansion of the industrial sector. Manufacturing in Dubai has taken another step forward with the development of the specialized free trade zones.
The Government of the Emirate of Dubai has chosen the provision of a comfortable climate for private business as the main strategy of economic development. In addition to the creation of tax-free trade zones, the state annually invests billions of dollars into the industrial sector. Besides, the Government works on the improving the applicable corporate legislation of the UAE and the simplification of the registration procedures for foreign investors. Local authorities and the Federal Government are implementing a number of initiatives in consideration of the specifics of the industrial sector.
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