Dubai is one of the fastest growing economies in the world. According to CBRE more than half of the biggest global conglomerates operating officers present in this dynamic city. In a very small period of time, it has established its image and reputation as a vibrant and diverse destination offering quality hospitality first class infrastructure and rank of attractions. It is a top rank business hub.
Over the last couple of decades, the growth in financial and business services, trade logistics and tourism activity has played an important role in powering Dubai’s rise as a worldwide center point. Dubai’s numerous business conference and summit attract some of the best brains from around the globe. In recent years, the city has become a major tourist destination and air travel hub. Tourists increased their stay in Dubai to catch on their citizen attraction.
The city has more than 100000 hotel rooms ranging from five-star luxury to pocket-friendly mid-range options. since 1999, every year 17 hotels have been added to the existing portfolio of hotels in Dubai and estimates suggests that the number of rooms will add up to 160000 rooms by 2020 Expo. this boom shows no sign of slowing down in the coming years. Dubai in the last few years has excelled as a destination for meeting and sporting event. The city has witnessed a plethora of sports infrastructure for the international stander sports event.
The hospitality infrastructure which includes transportation, hotels, restaurants and other facilities are rapidly expanding along with quality service stander for the travelers. one of the key functions is Dubai’s strategic location between the far east and Europe. It becomes the economic center for Asia, Europe, Africa, and Russia. Dubai offers business opportunities to enterprises all sizes, in other word’s it has a great business climate. The city has recently become home to aspiring multinational companies and entrepreneurial.
The service sector contributes considerably to Dubai’s GDP and the fastest growing industry. The city has become a center of trade and commerce in the Middle East in. Dubai is the home to more than 20000 international companies including officials from 124 of the fortune 500. The government is pro-business with the most transparent business regulation in the region and provides tax-free zones, first-class physical infrastructure, and assets to an experienced and skilled labor force. Dubai is also a growing knowledge hub and has a number of universities and research centers committed to developing technological and scientific advancements.
They have some free zones such as Dubai healthcare city which is known for more than licensed professional, two hospitals and more than 120 outpatient medical centers and diagnostic laboratory area covering 4.1 million square feet in the heart of Dubai. On the other hand, Dubai Internet City and Dubai biotechnology and research park are the leading life sciences hub in the middle east Dubai association center (DAC). It is a gateway to the world fastest growing economy. The DAC has been established by the Dubai chamber of commerce and industry the department of tourism and commerce marketing.
The Dubai World Trade Center offers assistance in the establishment of nonprofit apolitical and non-religious professional association and trade bodies in the Emirate of Dubai. Dubai has an abundance of tourism opportunities and a huge influx of business traveler’s. This makes the UAE the biggest tourism hub. In the context, we can say that Dubai is a safe, secured and iconic trade and investment destination.