4 Reasons Why Dubai Attracts Global Startups
In the past few decades, Dubai has evolved dramatically and has become one of the world’s most successful economies. Today it is seen as a global trade hub as it attracts investors from all around the world, offering them an opportunity to invest in multiple sectors, including construction, logistics, real estate, tourism, and technology. The business world of Dubai is expanding rapidly as most of the world’s most renowned corporations already have their offices in Dubai, and it is a hot spot for startups as well. Dubai has been attracting entrepreneurs from all around the world, and the number of startups is increasing every day. In this article, I have mentioned a few reasons that will help you understand why Dubai is an excellent place for startups. Let’s take a look:
Growing Economy
One of the major reasons entrepreneurs have shifted their attention towards Dubai is its economy. The city’s economy is growing rapidly, and in the past few years, it has only gone upwards. With more businesses and startups moving into Dubai, the economy will only get stronger, and the opportunities will also increase. Before the coronavirus crisis hit, Dubai’s economy saw a rise of 3.7%, which is quite promising. A strong economy does not only help a startup expand its operations, but it also helps them attract more talent. So, if you want to start a new business in Dubai, you can check offshore company formation Dubai for more details.
Infrastructure and Logistics
When it comes to cargo and transport, Dubai is now seen as a major global hub. Dubai is among the cities that have the best infrastructure in the world. Better infrastructure means more resources, and the city never fails to provide any kind of transport to its people. It doesn’t matter how big the cargo is and where you want to take it; you will be able to find a way to transport it if you are in Dubai. Entrepreneurs have plenty of options available at their disposal, and they can choose one according to their client’s preference.
Resources
Another reason to start a new business in Dubai is its resources. The city of gold offers plenty of financial, human, and energy resources. People from around 200 countries come to Dubai to pursue their careers and passion, so you will never have trouble finding the right talent for your business. Similarly, Dubai is known for its abundance of oil, petrol, and natural gas. The city has never faced any energy crisis in a very long time. Dubai also attracts a lot of investors from all around the world, so finding finances is also not difficult in this desert city.
Location
They say Dubai is the world’s next-door neighbor, and there is a lot of truth in it. Dubai’s location is an ideal one, and it offers access to more than 2.2 billion consumers. It offers clear access to three continents (Asia, Europe, and Africa), and it is in business with people from other continents as well. So if you want to target a bigger consumer market, Dubai is an excellent place.
