2022 July

Sheikh Mohammed Vision presents his vision for UAE Last week, His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of UAE presented his vision for the country in the future and promised that he would continue to focus on the nation’s development while addressing the residents of UAE including both the Emiratis and expats on 12th July. With the speech lasting for more than 15 minutes, Sheikh Mohamed spoke about almost all the major topics from ensuring the happiness of the people residing in UAE to the vision of achieving world peace and building bridges of peace between countries. Some of the key initiatives that were addressed are listed below: Prioritizing the Happiness of the People To ensure that the people residing in the UAE have everything they need to live fulfilled, comfortable and happy lives. This was among the primary objectives and the basis of all the future plans that had been planned by the president. Ensuring Peace in the Region The policies set by the UAE will continue to focus on peace and stability in the region and also to the entire world. This will be achieved by supporting the countries in need and advocating for wisdom and cooperation among these countries for the wellbeing of the entire human race. Security of UAE The sovereignty and Security of the UAE will always be the primary focus and it still remains a foundational principle that everyone will abide by. Anything that could affect the security of sovereignty of the UAE will not be tolerated. He also mentioned that UAE will extend its hand of friendship to all the countries that share their value of peace, coexistence and mutual respect. This will be the primary step to achieve progress and prosperity. Appreciation towards the People His Highness Sheikh Mohamed bin Zayed Al Nahyan mentioned that the pride of UAE has always been the people. Both Emiratis and expats who have contributed to the growth of the country. He deeply appreciates the valued role that the residents who consider UAE as their second home have contributed. Their continuous contributions have been a major contribution to the building and developing the UAE since its union Tribute to late Sheikh Khalifa The president of UAE walked alongside the Founding Father, Sheikh Zayed, throughout the UAE’s development, and bore the nation’s trust after his father’s passing with sincerity and wisdom. Late Sheikh Zayed fulfilled his mission for his people, leaving an enduring legacy of generosity through his deeds in the region and around the world. Hope in the Youth UAE possesses a distinguished wealth of young manpower and is blessed with many resources among which highly skilled human capital being one of the major assets. Apart from this, the country also possesses more than 200 nationalities who are actively participating in the growth and development of UAE’s economy Extending a Helping Hand UAE will work to strengthen its role among the world’s leading countries by providing humanitarian aid, and by continuing to extend a helping hand to communities in need around the world, irrespective of religion or race. A Reliable Energy Provider The UAE will continue to consolidate the nation’s position as a reliable energy provider, and support global energy security as a fundamental driver of global economic growth and development. Economic Diversification UAE’s focus on further diversifying its economy is a key strategic focus of the country’s future plans. It is therefore necessary to accelerate economic development efforts to continue building a leading global economy, to enhance UAE’s competitiveness, and to achieve the highest global rankings. Read: UAE Approves 22 Policies to Expedite Transition to Circular Economy Utilizing Scientific Advancements for the Good UAE’s priorities also include further strengthening the people’s capabilities in science and technology and developing it further to benefit all economic areas and the society. The role of the private sector will be pivotal and it must be further activated through constant collaboration and diverse opportunities to increase its contribution to the growth of the economy. New partnerships and friends The next phase for Dubai will be to build on it’s reputation by establishing strategic partnerships with various countries. Continuing Sheikh Zayed’s approach, Dubai will work to strengthen it’s role among the world’s leading countries by providing humanitarian aid, and by continuing to extend a helping hand to communities in need around the world, irrespective of religion or race. Dubai will also continue to consolidate the nation’s position as a reliable energy provider, and support global energy security as a fundamental driver of global economic growth and development. Read: Dubai to Launch 50 Offices Globally to Promote Commerce and Attract Investments Research Konnection is one of the best business setup consultants in Dubai that can support in business consultancy services in Dubai, UAE. Our stellar client reviews indicate that we are among the top business consultants in Dubai.Feel free to reach out to us on hello@researchkonnection.com for support in market research, business planning and feasibility study. …

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Dubai to Launch 50 Offices Globally to Promote Commerce and Attract Investments Dubai is planning to establish a network of 50 representative offices in many different countries in a bid to become a leading business center in the world. The major focus of the global network which is to be established, is to attract investors by showcasing the rapid and diversified growth of Dubai. This will also present Dubai based companies with international exposure and help them to successfully expand their operations to more than 30 markets. The commercial representative offices would offer services including market research and details on legislative processes to assist businesses in making strategic decisions. Additionally, they will offer logistical support to Dubai-based businesses looking to grow internationally. It will also provide studies on business opportunities in vital markets and establishing and maintaining reliable local and regional business relationships. Dubai GDP Growth Forecast 2022 According to the Dubai Statistics Center, Dubai’s economy grew by 6.3% year-on-year in the first nine months of 2021, while the Emirates NBD estimated Dubai’s economy grew about 5.5% for the full year 2021, an upwards revision from its forecast of 4%. Despite the slower global growth, Dubai’s economy and GDP is expected to grow by 4 to 4.5% in 2022. Dubai Freight Traffic Statistics  Dubai currently handles approximately 11% of the total global freight traffic through its ports. There are plans to invest tens of billions in expanding the shipping lanes and air routes with more than 400 cities, which would make Dubai the most rapidly growing, diversified and fast-growing city in the world. The Dubai Global network will operate as part of Dubai Chambers and in partnership with several government entities in Dubai to attract global investments and add new markets to the global business lines. Thirty new markets will be opened up initially to attract investors that can help Dubai transform to the world’s best economic environment. Dubai Aims to Attract Multinational Companies  In March 2022, Dubai had announced plans to attract 50 multinational companies within the next three years and also encourage them to list on the Dubai Financial Market, as part of the Dubai International Chamber’s strategy. This strategy will also focus on supporting the expansion of 100 local companies to “priority” international markets in two years. Dubai Global will also create cross-border opportunities by organizing business-to-business meetings, corporate and government meetings, and global and regional events such as international business forums. Investment Opportunities in Dubai – 2022 Dubai based investors are confident in the government’s commitment in providing an effective environment for their businesses to grow. The new initiative will also support the local businesses to expand internationally, while attracting global investments and adding new markets to the global business lines. The network will contribute to sustainable economic growth in Dubai and boost the competitiveness of its commercial sector. Research Konnection is one of the leading Market Research Firms in Dubai, UAE assisting clients in market research. At Research Konnection, we specialize in conducting Market Feasibility Studies, developing Business Plans and supporting clients with data collection (Surveys & Interviews). Feel free to reach out to us on hello@researchkonnection.com if you need support in business research in Dubai…