Unlike the rest of the Middle East, Dubai is doing things differently. What makes Dubai and the entire UAE stand out is their urge to set-up businesses of dynamic nature. Their non-dependence on the oil industry is the reason that Dubai is now ranked as one of the top business hubs of all time. The dubai entrepreneurs understood their potential in growing business sectors like tourism, etc, and has built something worth their time and money.
Are you looking to start your new company formation in Dubai? Here are 5 business sectors in Dubai that have grown tremendously over a period of time.
Travel & Tourism in UAE
Known to attract tourism from across the world, Dubai has gone on to become one of the most favorite destinations in the world. Dubai tourism is all about promoting Dubai as a luxury destination for the upper class and influential Dubai company formation sectors. Today, the tourism sector of Dubai contributes a revenue of around AED 164.7 billion for the country’s GDP, which is approximately 11%. Foreign investors can benefit from this sector as the UAE government is looking to expand these numbers through tourism.
Construction
The construction industry of Dubai is all about modern skyscrapers, exotic landscapes, high-rise buildings, and other superstructures. In the commercial as well as the personal sphere, the process of building these structures is not slowing down anytime soon. The idea is to build a futuristic city with a legendary life for its residents. It is a good time to invest in manufacturing material used for construction or other real estate business.
Hospitality
Creating a buzz for itself, the hospitality sector of Dubai has driven UAE’s economy like no other. The hospitality sector is one of the fine contributors to the country’s GDP. For you to enter Dubai’s hospitality sector, long-term planning, and quick identification of opportunities is the road ahead. Because of the versatility present in this industry, one poor step can lead to the failure of your mainland company formation in Dubai. However, due to the heavy returns on investment, this segment is most favored among global investors.
Technology
The technology industry of the UAE is optimized for profitability and efficiency. This sector has become so advanced over time that global economies are interested to purchase software, computer hardware, and other networking equipment every year. Foreign investors are highly interested in this segment due to the unlimited opportunity this sector enjoys because of the Government. The Government has built Dubai Techno Park and Dubai Internet City, that acts as one of the booming Dubai free zone.
Healthcare
It is without an ounce of doubt that Dubai has one of the best public health systems in the world. The healthcare industry in Dubai leads the way with excellent medical care facilities. Investors can start their own medical facility by taking leverage of the UAE’s government initiatives like Dubai Healthcare City (DHC) which was built to ease foreign investment in healthcare. You can set-up a business in the healthcare segment by attaining the necessary trade license in Dubai for your business.
At Radiant Management Consultancy, we help you to scale your offshore business setup in Dubai on a global level. Predicating on how the UAE market is becoming more complex day by day, our business setup service are specially designed towards helping forward-thinking leaders of tomorrow. To capture this breakneck growth in the UAE business sectors, Radiant Management Consultancy works with you to integrate turnkey solutions of banking with all your business activities.
