The future seems to be brighter for the dazzling ‘Gold City’. Dubai is one of the metropolitan areas of the world which is growing by leaps and bounds. The city is gradually diversifying thus attracting talented entrepreneurs from around the world to venture into the market.
Many international companies, consumer good companies, and tradesperson are attracted to the tax-free city. Pepsico to Rocket Internet, companies from Europe are all expanding their base to Dubai as the city has got massive potential which needs to be tapped and utilized to the fullest. This will ultimately evolve into an advanced market.
The Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum declared the opening of a new hub for start-ups and tech companies dubbed ‘Area 2071’. UAE Centennial Vision 2071 has an aim to uplift education, economy, government development and communal bonding of the country, therefore, rising to new heights. Also, it caters to support the private and public sectors and encourages new ideas to further develop the technology.
The city is beaming with young energy who can be trained and used for the betterment of the country. Youth are the future of the nation. As per some sources, the area is mushrooming with 3000 startups and the top 100 startups already have 9 years of experience and invested $1.42 billion and earned $500,000 individually. While more than half founders are from the local region and the others are from the nearby countries.
Dubai's geographical location is also a great advantage. Transportation and shipping take place through the ‘Gold City’ and moves towards Gulf, Africa and India and vice-versa. Either tax-less or low tax attracts entrepreneurs. Dubai has also set up special areas where they encourage foreign investment and approve some specific industries. Such type of approach stimulates international investments.
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