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Dubai - A Global Hub of Emerging Industries

by Andy Gabriel

posted in Business

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Do you want to start a business in Dubai? Are you looking for what type of business you should start with? We have brought answers to your questions. This guide will help you understand why you should start a business in Dubai and will explain the types of businesses in Dubai.
Dubai is a global business hub. It offers access to about 1.5 billion industries situated in various countries. The city has majorly developed as a global center, and there is massive development observed in IT solutions in Dubai and finance companies.
The government in Dubai also supports the growth of various industries. There are free-zones/centers that are established all over the city to attract tourists, and this has been Dubai's greatest economic achievement. The introduction of Dubai Internet City and Media City brought new technological advancements in the field of telecom and IT solutions in Dubai. Dubai has, therefore, attracted many media and IT Solution companies to establish their base in the city.
Most of the people believe that the revenue in Dubai is mostly generated from oil and gas industry but, in fact the city uses just a small amount of revenue from oil and gas industry, whereas most of it is generated from the infrastructure, tourism, telecom and software industries and IT solutions.
Information and Technology in Dubai
The IT industry- IT Solutions in Dubai is growing at an immense rate in Dubai. These IT Solutions get attracted to Dubai because of many reasons. One of the most important reasons is redemption from tax incentives offered by the government. IT Solutions is one of the strongest job areas. There are several categories of IT companies. Some of them are computer research, networking, database administrators and software companies.
Software Industry in Dubai
The software industry in Dubai is vigorous as compared to other cities in the region. The absence of trade barriers to attracting foreign competitors has encouraged the growth of the software industry. The retail market includes distributors of imported products as well as developmental firms. There are many Indian-owned companies. The software industry is rapidly growing and has a bright scope for future.
Telecom Industry in Dubai
The telecommunication market in Dubai has grown at an immense rate propelled by growing construction and IT solutions over the past few years, and the increasing standards of living have increased the demand for digital products.
This industry offers voice communications, television services, data recording and analysis, graphic designing, and video streams. The Internet, Wireless services, Internet, and cable distribution have also seen a tremendous growth. The industry has a good outlook for the future
Oil and Gas Industry in Dubai
The Region of Middle East is in rich with Oil & Gas Resources. The crude oil reserves in the Middle Eastern and South Africa (MENA) reported being 69 percent with over 1000 billion barrels. Not only this, the MENA region contributed over 31 percent to the world production along with 50% of export. This clearly shows the fundamental of the region to the current and prospect of the worldwide oil marketplace. The wealth of the Dubai and its swift revolutions from a toward the rear desert region to one with a flourishing market have been made potential by income from oil exports. Dubai is the subsequently leading oil producer in the United Arab Emirates after Abu Dhabi, except its production is continuously decreasing day by day. The main reason for the decreasing production is due to the rising demand for oil and gas. The city is already producing enough of the supply in comparison to the other countries, but the supply is not enough to cater the demand.
About the Author: Andy Gabriel is a highly experienced web designer and graphic designer, who works for a leading web design company and graphic design company.
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