Top 5 Industries to Set up Your Business in the UAE
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The UAE enjoys a prosperous and rapidly growing economy, not to mention that it is the most diversified in the Gulf Cooperation Council countries, as the state’s income is no longer limited to oil and gas, but the UAE government gives equal importance to all sectors to prosper and contribute to increasing the state’s income and thus raising its economy. Here are the 5 most important sectors in the UAE to start your business in.
Retail
The retail trade is witnessing tremendous growth in all of the Emirates, particularly in Dubai, where many global retail companies' headquarters have been established in the UAE, and the profits of this sector are expected to cross tens of billions during the coming periods.
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Health Care
The UAE offers a highly developed health system, and the country always aims to strengthen this sector and provide it with the latest technologies and equipment, which qualifies it to become the best in the world. The revenues of the health care sector exceed AED 100 billion annually.
Manufacture
Manufacturing is the second largest contributor to the country's economy, including non-oil industries, food and beverage manufacturing, plastics, rubber, machinery and electrical equipment, chemicals, and chemical products, minerals and metal products, pearls, precious stones, and minerals, all of which contribute tremendously to the UAE economy.
Hospitality
Dubai attracts visitors from all over the world and is one of the most visited cities, as the number of its visitors exceeds millions annually and is expected to continue to increase as it is a prominent tourist destination that is constantly developing.
Media
Dubai is home to public relations companies, advertising companies, printing, production, and broadcasting facilities, and was recently named the Arab Media Capital for the year 2020 by the Arab Information Ministers Council.
Given that the media is a partner in achieving development goals and determining its directions, it plays an important role in increasing the rates of the economy in the UAE.
With this, you can now define the destination of your business!
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This article was previously published on UAE Moments.To see the original article, click here