Launch of the UAE Doing Business and Investment Opportunities Guide in London

Media In – London 12 August 2018 / WAM

The Ministry of Economy, in partnership with the British Institute for Export and International Trade, has released the second edition of the Doing Business in the United Arab Emirates, which was launched in London. The guide is intended primarily to provide stakeholders, from UK investors, companies and business owners, in particular and globally globally, with a basic knowledge of the UAE economy with an overview of business culture and the potential opportunities for trade and investment and the exercise of various economic activities. The guide highlights the key issues associated with business creation and initial research, as well as market entry and risk management mechanisms, as well as the cultural and linguistic issues that foreign business and investment people need to deal with in the UAE, and provides stakeholders with access to more Assistance, information and facilities through the UAE Ministry of Economy and the UK Department of International Trade. Abdullah Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade, said that the launch of the guide comes within the framework of the continuous efforts of the Ministry of Economy to introduce the economic climate of the country and to highlight its development vision based on building a diversified competitive economy based on knowledge and innovation led by national competencies. The state’s attractiveness to investments and economic activities enhances its competitiveness in world markets. The guide provides some facts about the UAE’s economy and its foreign trade relations, noting that the UAE is the largest market for British civilian exports in the Middle East and the third largest overseas market for the United Kingdom outside Europe in 2017, following China and the United States. He added that the UAE economy is the second largest Gulf and Arab economy and ranked 30th in the world, and the country ranks 20th in the world in terms of per capita GDP, up to 42 thousand US dollars.