WHY INVESTING IN UAE
UAE are living for over 25 years, a period of great economic growth. Today UAE are ranked 24th in the World Economic Forum’s Global Competitiveness Index and ranked fifth in the world in terms of GDP per capita.
The UAE is a contracting party to the General Agreement on Tariffs and Trade (GATT) since 1994 and a member of the World Trade Organization (WTO) since 1996. It is also a member of the Greater Arab Free-Trade Area (GAFTA) in which all Gulf Cooperation Council (GCC) states participate.
The UAE concluded Free Trade Agreements with Singapore and the AFTA bloc in 2008 and 2009 respectively, and is now cooperating with the GCC’s negotiating team to conclude Free Trade Agreements with the EU, Japan, China, India, Pakistan, Turkey, Australia, Korea and the Mercosur bloc comprising Brazil, Argentina, Uruguay and Paraguay.
The economy is very diverse and the governments of the five emirates foster economic growth with laws extremely favouring innovation, businesses and flow of goods and capitals.
There are predictions that estimate between 20 and 40% the appreciation of capital invested in UAE over the next 5-10 years.
The Dubai Chamber of Commerce estimates a growth of 13% in the coming years mainly driven by sectors such as tourism and luxury, attracting to UAE 0.5% of world tourists.
The continuous maintenance and implementation of new infrastructure puts the UAE among the best countries in terms of service levels.
The substantial absence of taxation and the low cost of living are an additional incentive for any investor and push many companies to settle in industrial areas and in so-called free zones.
Gulf Holdings and its CEO HH Sheik Sultan Al-Quasimi have as mission to accompany, even with investments and sponsorships, companies willing to start doing business or establish in the UAE.