دبي Dubai

أهلاً وسهلاً Ahlan Wa Sahlan! Fayha Sultan Marketing Manager Commerce Gel’s Notes: Deadline: Noon Friday - font/image sizing/lining up# - animations Fayha – Order of slides and numbering

Presentation at a glance Economic Overview Free Zones Economic Diversification Investment Incentives Investment Laws Moving forward Add logo to every page and keep this slide [Geraldine Says] Can we make this slide a bit more fun, perhaps remove the numbers and make it less like a list? Can we also remove the section numbers from throughout the presentation. Ian Only problem now is that there seems no structure or order to it. I don’t mind not having numbers, but I have lost a sense of order. We can’t use the Atlantis pic (spa)

Dubai Dubai Abu Dhabi Ajman Umm Al Qaiwain Ras Al Khaimah Fujairah Sharjah Dubai is one of seven emirates that make up the United Arab Emirates Dubai is the tourism, commercial and trading hub Population 1.93 Active population 3 million

Recent news FDI Magazine finds Dubai the city of the future in 2011 Emirates ranked largest airline in 2011 making 23 consecutive years of profit World Economic Forum 2011 report classified UAE at top of innovation driven economy IIF finds Dubai a safe haven in the Arab World in 2011 with the best infrastructure A study by A.T. Kearney found UAE second most attractive Apparel Retail hotspots Dubai Ranked 9 as top tourist destinations for 2011 London is no 1 New York is no 12 DXB 4th busiest Airport in international passengers according to Airports Council Int DP World posted 10% increase in cargo volume worldwide this year Rated no 1 in Foreign Direct Investment in 2009 in the Middle East by FDI magazine HSBC survey revealed UAE ranks fifth in top financial locations Law abolishing minimum capital for LLC has been introduced World Economic Forum Report ranks UAE 3rd in security and 4th in infrastructure

Budget for 2011 Balancing Economic & Social 43% Economic Sector 24% Social and Public Spending 22% Security and Justice 11% Gov Excellence

Economic overview Non-oil accounts for 96% of GDP Services sector 74% GDP £62 Billion in 2010 Remove expect the best and the logo as for tourism

Future focus Dubai Strategic Plan (DSP) 2015 Economic Social Security, Justice and Safety Infrastructure, Land and Environment Public Sector Excellence Remove expect the best and the logo as for tourism

Advantages for investment Zero corporate & income tax Repatriation of capital Liberal business laws 5% customs duties on imported goods Well qualified competitive staff market Remove expect the best and the logo as for tourism

Investment incentives Aiming for a knowledge based economy Economic diversification Shopping centre for the Middle East State of the art infrastructure Gateway for Asia, Africa & Europe Conference & Exhibition Facilities Political, economic and social stability Remove expect the best and the logo as for tourism

Investment laws UAE companies 51% UAE owned and 49% Foreign owned (Law is being revised) 100 % ownership for Professional companies 100% ownership for branches of foreign companies. Must appoint a UAE service agent Remove expect the best and the logo as for tourism

Simple Application Procedure Starting a company Free Zone Outside Free Zone Simple Application Procedure Partnership with UAE Sponsor Remove expect the best and the logo as for tourism

Outside free zones Licensing Registering Permission from the relevant ministry Licence from the Department of Economic Development Register your company with the Dubai Chamber of Commerce Remove expect the best and the logo as for tourism

Commercial agency law Direct trade Commercial agencies 100% UAE owned Selling directly to established dealers and distributors 100% UAE owned Commercial Agency agreement Remove expect the best and the logo as for tourism

Free zone incentives Cities for like-minded people 100% foreign ownership and control Customs Duty free Renewable guarantee of no taxation 100% repatriation of capital/profit Simple setting up procedure Flexible investment options Straightforward laws and regulations Full administrative & recruitment support Business-enabling physical and technological infrastructure Rich with networking opportunities Access to a large pool of skilled workers Efficient transport & distribution facilities Housing facilities Recreational facilities Remove expect the best and the logo as for tourism

Examples of free zones Jebel Ali Free Zone Dubai Airport Free Zone Dubai Car & Automotive Free Zone Dubai Flower Centre Dubai International Financial Centre Dubai Healthcare City Dubai Internet City Dubai Media City Knowledge Village Dubai Investment Park Remove expect the best and the logo as for tourism

Environment laws Green is mandatory Regulation 161 issued for green buildings in line with the Dubai Strategic Plan Remove expect the best and the logo as for tourism

Economic diversification Retail Tourism Infrastructure Trade Finance Health Education Manufacturing Construction Remove expect the best and the logo as for tourism

Mall of the Emirates / Mirdiff Mall Retail Biggest retail centre in the world once major retail developments are completed Dubai Mall Dubai Marina Mall Mall of the Emirates / Mirdiff Mall Mall of Arabia Remove expect the best and the logo as for tourism

Tourism Dubai flagship projects Burj Khalifa Dubailand The World The Palm Islands Dubai Marina Sports City Festival City Ski Dubai Remove expect the best and the logo as for tourism

Infrastructure Other allocations Infrastructure Remove expect the best and the logo as for tourism Major aviation and logistic centre Two major airports Dubai World Central Metro system JAFZA biggest man made port DP World largest marine terminal

Trade - exports Exports 82% of UAE total exports Dubai exports 82% of UAE’s total exports Re-exports account for 85% 82% of UAE total exports Remove expect the best and the logo as for tourism

Dubai imports more than 3/4 of the UAE’s consumable goods Trade - imports 75% Of UAE total imports Remove expect the best and the logo as for tourism Imports Dubai imports more than 3/4 of the UAE’s consumable goods

UAE exports to UK saw 47% increase Trade - statistics UAE exports to UK saw 47% increase 2009 2010 2010 2009 There was a 22.4% increase in UAE re-exports Main exports from the UK are: Telecommunications Power generating machinery Electrical goods Transport Office machinery Interior and retail goods Non-metallic mineral manufacture UK exports to UAE increased by 9% in 2010 2009 2010 Remove expect the best and the logo as for tourism

Future developments The Palm Jumeirah The Palm Jebel Ali The Palm Deira The World Dubai Waterfront DUBAI WATERFRONT THE PALM JEBEL ALI THE PALM JUMEIRAH THE WORLD THE PALM DEIRA

Dubai International Financial Centre Financial services Dubai International Financial Centre Aiming to become a world-class financial centre DIFC has attracted top financial services Companies grew from 744 in 2008 to 859 in 2009 Free zone regulated by the (DSFA) Dubai Financial Remove expect the best and the logo as for tourism

Health Private hospitals & clinics, Moorefield, Mayo Research Centre, Harvard Medical Pharmaceutical offices Spas & rehabilitation Residential and hotels around a Lake Health tourism Dubai Healthcare City Remove expect the best and the logo as for tourism

Education Training Centres HR Companies 32 International Universities Middlesex University Remove expect the best and the logo as for tourism

Manufacturing Light manufacturing Remove expect the best and the logo as for tourism

Opportunities for UK companies Environment / Alternative Energies Financial Services Healthcare Construction Mass Transport Education & Training Power (Identified by UK Trade & Investment)

Moving forward Attend seminars Contact trade associations Contact your local business link Government associations (DTCM / UKTI) Do your own market research Attend trade shows & exhibitions Establish an office Hire a legal firm to carry out the procedure Remove expect the best and the logo as for tourism So how do you actually take the step to do business in the region? Depending on what particular stage you are at in terms of venturing to Dubai and the Middle East here is what we would recommend: Attend seminars such as these to gather initial information Engage the assistance of your trade association or Middle East specific associations like the Arab British Chamber of Commerce, the Middle East Association, the British Business Club etc. Contact your local business link and/or chamber of commerce to obtain advice. Obtain further advice from UK trade and investment as well as that of the government covering the market that you are interested in (for example DTCM and the UKTI). Undertake your own market research by attending relevant trade shows and trade missions in the markets you are interested in. Meet with as many people and businesses as you feasibly can. This includes, would-be clients and suppliers. Attend sector specific exhibitions of road shows or exhibit at a trade show in the new market to gain a presence and make yourself known – assistance is provided by UKTI for some shows. All of these preparatory stages should give you a good platform from which to then start trading. Once you have discovered the market and its potential then you can consider setting up an office etc.

Former British Consul General John Martin St Valery CEO Comments and opinions Dubai is in a perfect location – right at the crossroads between East and West – with a near to perfect, and ever improving, infrastructure. Logistics, communication and transportation are world-class and the emirate has a hugely beneficial tax regime, all of which combine to make Dubai a desirable hub for UK and international businesses Dubai continues to be the envy of the Gulf in its ability to expand its non-oil sectors. The Dubai Mall and Marina Mall are undoubtedly among the most exciting and innovative retail developments in the world. They are set to become important retail centres, building on Dubai's growing reputation as the international shopping destination Dubai is an open market and competition is tough … [we have seen] more British companies, especially Small and Medium Sized Enterprises (SMEs) to come to Dubai to invest and to use Dubai as the base from which to target the markets of the region Oliver Cornock Regional Editor The potential of this market is huge. Dubai is an investment gold mine with no real disincentives Remove expect the best and the logo as for tourism Mark Price Managing Director John Hawkins Former British Consul General John Martin St Valery CEO Sean Allison Technical Director

شكرا Thank You! Fayha Sultan Marketing Manager Commerce Gel’s Notes: Deadline: Noon Friday - font/image sizing/lining up# - animations Fayha – Order of slides and numbering

Contact us Commerce Dubai UPdate Setting up business Government departments Free zones Case studies Government of Dubai Department of Tourism & Commerce Marketing (DTCM) 4th Floor, Nuffield House 41- 46 Piccadilly London, W1J 0DS Ian The numbers shouldn’t require a click to come on screen. They should just follow the address Keep slide the same but use a more exciting image such as Burj Dubai or a city landscape Ingrid says - Do we really need to have the phone, fax, email and website address appear progressively? Also can we please have www.dubaiupdate.co.uk as web address Dubai UPdate website & monthly newsletter www.definitelydubai.com Tel: 020 7321 6110 Fax: 020 7321 6111 Email: dtcm_uk@dubaitourism.ae Web: www.definitelydubai.com