Dubai is politically stable and commercially diverse. Only six per cent of its income is derived from oil and gas. Businesses enjoy complete freedom of capital movement and a highly competitive cost structure. The well-developed banking system ensures extensive credit facilities and ample liquidity.
The government outlook is liberal and pro-business, including the protection of intellectual property rights and the fostering of good industrial relations. As well as highly advantageous tax concessions, there are Double Tax treaties with a growing number of countries. Energy supplies are abundant, transportation and distribution facilities excellent, and recruitment straightforward.
Whatever economic indicator you choose - GDP, real estate value, foreign investment, standard of living - Dubai is a story of remarkable success. Success originally founded on oil, but now extending into the full commercial world.
