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Report | The Report: Dubai 2016

The emirate of Dubai, by virtue of being less generously endowed with hydrocarbons than its regional neighbours, has worked hard over the past several decades to develop a wider, more diversified economic bedrock to power growth. As a result the emirate has several sectors whose growth is not wholly contingent on hydrocarbons revenues, and which continue to prosper in the current environment.

Displaying 1 - 6 of 2019 results

Chapter | Legal Framework from The Report: Dubai 2016

This chapter contains an outline of the legal framework in which local and foreign investors operate, including an overview of the expected future changes to foreign direct investment (FDI) restrictions, a rundown of the recently overhauled workplace regulations and protections, and a look at the implications of the expanded scope and greater emphasis being placed on public-private partnerships (PPPs). This chapter contains a viewpoint from Michael Kerr, Regional Managing Partner, Dentons.

Chapter | Tax from The Report: Dubai 2016

This chapter contains an overview of the tax framework in which local and foreign investors operate, including a look ahead at the GCC value-added tax (VAT) framework that is being created and the considered implementation of a corporate income tax. This chapter contains a viewpoint from Dean Kern, Middle East Tax and Legal Services Leader, PwC.

Chapter | Media & Advertising from The Report: Dubai 2016

Over the past 15 years, Dubai has come into its own as one of the Middle East’s key centres for print, broadcast and digital media. The emirate’s media-focused free zone, Dubai Media City, has attracted a range of global media brands, including news organisations like Reuters, The Economist and CNN; publishing firms, such as McGraw Hill and Forbes; media production companies, including Sony and Showtime; and advertising majors like DDB and Dentsu Aegis. These companies – and many others like them – serve global audiences from the UAE. Dubai, as a consequence, is increasingly considered to be a growing player on the global media landscape. The government has worked to shore up the emirate’s reputation as a media hub in recent years, rolling out new initiatives in an effort to ensure that Dubai remains competitive with other regional media centres, including Egypt, Lebanon and Qatar.

Chapter | Industry from The Report: Dubai 2016

With a long-standing status as one of Dubai’s key economic contributors, activity in the industrial sector has been a major contributor to non-oil GDP for the emirate. Even as Dubai’s government has invested heavily in areas such as ICT in recent years, industrial activity has remained a central component of the emirate’s long-term economic diversification plan. While some figures from 2015 point to slowing growth in the sector overall – with manufacturing trade for 2015 down 3% year-on-year, recent trends highlight several high-performing segments. With higher lending rates to the sector recorded in 2015 and the launch of a new industrial strategy and investment plan by the government in 2016, there seems significant scope to continue to develop and diversify Dubai’s manufacturing base, which is currently highly focused in a few subsectors.

Chapter | ICT from The Report: Dubai 2016

Over the past 15 years, Dubai has developed one of the most advanced IT sectors in the GCC region. As of early 2016 more than 90% of the UAE’s population reported using the internet on a regular basis. ICT is at the heart of the seven-year Dubai Plan 2021 (DP2021). DP2021 builds on more than 15 years of investment in advanced technology by the emirate’s leadership, in conjunction with a wide range of blue-chip private sector technology companies. Together, the government and the private sector have turned Dubai into a centre for technological innovation in the Middle East, with the Dubai Smart City (DSC) project a testament to the emirate’s ambitions. This chapter contains interviews with Aisha bin Bishr, Director-General, Smart Dubai Office; and Osman Sultan, CEO, du.

Chapter | Education from The Report: Dubai 2016

As befits a vibrant, highly commercial global city, Dubai’s education sector is multi-faceted, with kindergartens, schools and universities offering public and private education drawing on best practice from around the world. Dubai is a destination of choice for many international students and teachers. The quality of its educational facilities plays a significant role in attracting professional talent to a city that is a centre of excellence and innovation in a multitude of sectors, including aviation, commerce and hospitality. Research by education advisory Altamont Group suggests that Dubai’s role as an international education centre has a significant impact on its economy, with the K-12 and higher education sector together directly contributing more than $3bn a year to the economy. This chapter contains an interview with Hussain Al Hammadi, Minister of Education.