Friday, May 30, 2008
Business Opportunities in Dubai
Business is booming in Dubai and it is the place to be at the moment for many of Asia's entrepreneurs.
In Dubai, all you can see are the signs of construction cranes and property development. The pace of development is truely phenonenal as the combination of a pro-business environment a high oil price lay the foundations for a flourishing economy.
The UAE population has grown 7.7 fold since 1975 to 4.3 million. This growth rate of 5.6 per cent is one of the highest in the world with 79 per cent of the population being expatriates. Every day up to 857 people are moving to the Emirate state, totalling some 5,000 per week. These figures are astounding!
Real estate projects in Dubai will touch $230 billion out of a total of $310 billion in development projects in the emirate over the next decade. That is a huge amount of investment by any measure. At present there are more than 47 shopping malls open or under construction, presenting a great number of retail business opportunities including franchising in Dubai.
The growth of Dubai presents excellent business opportunities for aspiring entrepreneurs. Many businesses located in Dubai talk about the problem that they are having in just meeting demand being generated from the vibrant business economy. That is something US based entrepreneurs should consider at the moment, where there is a definite economic slowdown.
We recommend that you view this YouTube video below about Dubai from an American entrepreneur, Bruce Fenton on "Dubai, The World's Fastest Growing City". It provides a great overview of Dubai's boom.
If you would like to view some of the business and franchise opportunities in Dubai or businesses seeking investment in Dubai visit our website to view the listings or listen to our interview with one of Dubai's ad agency entrepreneurs here.
Labels: dubai business opportunities, dubai entrepreneurs, dubai franchising, dubai investment, dubai investors
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