Dubai tops the Arab list of the wealthiest cities, with a large number of millionaires reaching 68,400, including about 206 billionaires whose wealth exceeds $100 million and about 15 billionaires. Abu Dhabi comes second in the Arab ranking with 24,200 millionaires, making the UAE capital a focus of attention for many global investors.
Dubai has always been an attractive destination for businesses and entrepreneurs, thanks to its strategic location, world-class infrastructure, and investor-friendly policies. But now, the UAE-based financial sector has reaffirmed its commitment to sustainability goals ahead of COP28, presenting even more opportunities for businesses in Dubai.
The UAE has numerous competitive advantages that help to create promising opportunities and meet the aspirations of investors in various fields, particularly industry, as the way is for innovation, manufacturing, and export in light of encouraging facilities that are unparalleled in any country.
Look no further than the United Arab Emirates, if you are seeking to establish a company right now. As a well-known trading hub of the Middle East and North Africa (MENA) region, many entrepreneurs come to Dubai, due to the ease of procedures that distinguish the country from other surrounding countries, in addition to its strategic location and economic climate.
Over the past years, the UAE has been famous for its unique and diverse tourist destinations, however, it has also become the first destination for investors because it offers much more to the global business community. The country creates an open and dynamic economic climate through low tax rates, low import taxes, and strategic location.
The geographical location, tax-free status, and endless opportunities have made Dubai a haven for investors. The city provides a level playing field for everyone. Be it someone who owns a big business somewhere else and wants an expansion in the UAE or just setting up their first startup.
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