The Future of Dubai is Bright with Economic Growth
When you think of Dubai, you probably think of innovation, cultural growth, technology and modernity. And there’s a reason for that. Dubai is one of the world’s most forward-thinking cities, constantly in search of new opportunities for growth and development. In this article, we’ll explore the bright future of Dubai’s economic growth in the following areas: sustainability, post-Expo 2020, innovation and technology and business development.
Sustainability and futuristic ambitions go hand-in-hand and Dubai does not disagree. There are a number of initiatives being launched around the city to promote sustainable practices, like waste reduction and recycling.
As a city in the desert, Dubai and its residents are very aware of the need to conserve natural resources and protect their environment. Here are a few of the initiatives that are propelling Dubai to new levels of sustainability:
Limit on single-use bags
New water stations across the city, encouraging the use of reusable water bottles
Working to become a successful example of the green economy
Commitment to the UN’s Sustainable Development Goals by 2030
Aiming to increase clean energy share to 29%
Post-Expo 2020 Dubai
As with many large international events that require significant construction projects, many worried about the future of Dubai after Expo 2020 that ended in March 2022. But don’t worry; from day 1, Dubai had a plan for the end of the expo.
District 2020 is a new, 15-minute city that will use the grounds and buildings from the Expo to become a completely self-sufficient smart city, providing residents with everything they need.
Innovation and Technology
Dubai was ranked among the top 3 countries in MENA and one of the top 20 cities in the world for innovation. As part of its constant search for improvement, the city is constantly looking for new ways to create technology to improve both the daily lives of its citizens and those around the world.
Dubai’s 2030 Industrial Strategy seeks to make Dubai a world leader in knowledge-based, sustainable and innovative-focused businesses. And the city’s Autonomous Transportation Strategy aims to transform 25% of Dubai’s total transportation to self-driving by 2030, increasing revenue and limiting negative environmental effects.
"The future belongs to those who can imagine it, design it, and execute it. It isn’t something you await, but rather create.” - His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai
Dubai’s commitment to sustainability, innovation and technology means that it is constantly attracting new talent to the area, transforming both its immediate surroundings and the world at large. Let’s take a look at what this means for business professionals:
Dubai’s economy is the most diversified in the world.
You will benefit from no corporate or income tax and 100% foreign ownership.
Company incorporation fees in Dubai are low and foreigner-friendly.
If you’re looking for a place to incorporate your next company that is forward-thinking, focused on the future and committed to making the most out of every opportunity, Dubai is the place for you. Contact us today and invest in business in Dubai today.
CEO, Europe Emirates Group