Business & Economy
Dubai FDI Showcases Investment Potential in Food, Agribusiness & Technology Industries
Dubai Investment Opportunities – Food & Technology
The Dubai Investment Development Agency (Dubai FDI) have organized two webinars with potential investors from France and Switzerland to explore opportunities in the Emirate’s Food, Agricultural Products and Technology industries. As an initiative of Dubai FDI’s (Foreign Direct Investment) engagement strategy for 2020, these webinars intended to provide a platform for investors to explore FDI opportunities in Dubai at a time when the trade is affected by the COVID-19 restrictions. The investment opportunities are expected to see a mutually beneficial partnership and will help in economic recovery and growth.
UAE – Trade Partnership (France & Switzerland)
UAE is the second largest partner for France in the Middle East region, with their trade (Non-oil) exceeding a value of AED 27.5 billion (USD 7.5 billion) by the end of 2019. The import of Food & Beverage (F&B) products from France in UAE has also increased by 50% over the past 10 years. In particular, dairy products like Cream, Cheese & Butter are the major F&B products imported from France to UAE.
Similarly, Switzerland is the fifth largest trade (Non-oil) partner with its trade value exceeding AED 516 billion (USD 140.5 billion) in the last 10 years (2010-2019). The non-oil trade between two countries exceeded AED 65 billion (USD 18 billion) in 2019 which was an increase by 16.5% compared to the previous year.
Investment Opportunities – Webinar Focus
Representatives from several major organizations in UAE such as Smart Dubai, Dubai Future Foundation (DFF) and Dubai International Financial Centre (DIFC) attended the Dubai FDI webinar on Technology. The main focus of the event was on implementing the emerging technologies and incubating the technology start-ups. Dubai leads the region in utilizing and implementing the benefits of latest technologies such as Artificial Intelligence, Robotics and Machine Learning, Blockchain, Financial Technologies (Fintech) and Healthcare IT. Along with these, Dubai is also focusing on 3D Printing, Cybersecurity and Geographic Information Systems (GIS).
During the Webinar, Dubai Municipality (DM), Jebel Ali Free Zone Authority (JAFZA), and Dubai Multi Commodities Centre (DMCC) were also present at the Dubai FDI. The major topic of discussion was on developing a robust Food and Agriculture Ecosystem that has proven to be a strong measure to counter the international supply-chain disruption resulting from COVID-19 Pandemic. Dubai being a major re-exporting hub in the Middle East, maintains excellent facilities for fresh agricultural produce. The FDI will help strengthen this position and the ecosystem to further develop agricultural technologies that offer a variety of crops and yields.
Investment Opportunities in Dubai
Dubai is considered to be a leading global destination for FDI recording an exceptional growth during the first six months of 2020. Dubai FDI monitor estimated that the overall investment during this period was around AED 12 billion (USD 32 billion) over 190 projects. More than 50% of the FDI in Dubai during the first 6 months of 2020 was directed towards SMEs in the technology industry. With Dubai focusing on the Agribusiness industry and the initiative to increase the local F&B produce, both the technology and agricultural sectors are expected to provide significant investment opportunities in the forth-coming years. Contact Market Research companies in Dubai to know more about the investment opportunities in the Technology & Agribusiness industries.
Research Konnection assists local and international companies to set up or expand businesses in Dubai, Abu Dhabi and UAE. It is one of the best-rated market research companies in Dubai specializing in Market Research, Market Entry & Feasibility Studies. Feel free to reach out to us on email@example.com
…January 5, 2021
Digital Platform Inaugurated for Involving Community in Designing UAE’s Future by Mansour Bin Zayed
After the launch of the project entitled “Designing the Next Fifty Years Project in the UAE” by H.H Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; H.H Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of the 50-year Development Plan committee, inaugurated a digital platform involving citizens, residents and members of the community in designing the UAE’s future, to create the components of the UAE Centennial Plan and the goals set for the UAE for the next 50 years.
He emphasised on using the same consultative approach as the founding fathers. Following in their footsteps, all members of the community are to be partners in drafting the country’s comprehensive development program. Stating that both the adults and the youth need to be involved. The mobilisation of enthusiastic individuals in planning the next fifty years will make UAE the greatest country in the world.
The platform www.UAEnext50.ae is meant for community interaction. It enables citizens and residents to contribute their ideas to draft the UAE Centennial Plan. Ideas on various topics such as social development, education, health, environment, economy, housing, tourism, culture, sports, skills and advanced technological sciences are received on this platform.
People can view the platform and choose the area they are interested in designing for by 78entering their idea or design. A team of experts and specialists, formed by the 50-year development plan committee will analyse the submissions and use them in drafting the UAE’s comprehensive development plan for the next 50 years.
Initiatives like these would continue to positively shape UAE’s economy, people and community resulting in growth, prosperity and inclusivity. It is highly recommended to approach a Market Research Company in Dubai to understand the market dynamics, before investing or establishing the business in the Emirates
Research Konnection is the best rated Market Research Company in Dubai assisting clients in business setups and expansion in Dubai, Abu Dhabi and UAE. At Research Konnection, we specialize in Market Feasibility Studies, Business Plan Development and Business Modeling. Feel free to reach out to us on firstname.lastname@example.org…November 30, 2020
Global Center for Advanced Technology Research unveiled in Abu Dhabi – UAE
Abu Dhabi has unveiled the Technology Innovation Institute (TII) the dedicated applied research pillar of the Advanced Technology Research Council (ATRC) as a part of reinforcing Abu Dhabi and the UAE’s position as a global hub for innovation and advanced technologies.
The aim of the institute is to deliver discovery science and technology that have a global impact. The institute has seven initial dedicated research centers which focus on Quantum Research, Autonomous Robotics, Cryptography, Digital Security, Advanced Materials, Directed Energy and Secure Systems.
Teams of international researchers and scientists from around the world have joined the institute to help build a research and development ecosystem in Abu Dhabi and Dubai.
The Institute is already working on more than 25 long term collaborative projects through partnerships with more than 20 world leading Universities.
TII is one of the two pillars under ARTC. The aim of ARTC is to cultivate a collaborative research community, accelerating innovation and discovery. TII allows the UAE to push the frontiers of knowledge further and positively impacting the local economy, society and the environment. Contact Market research companies in UAE to know more about the
Research Konnection assists local and international companies to set up or expand businesses in Dubai, Abu Dhabi and UAE. It is one of the best rated market research companies in Dubai specializing in Market Research, Market Entry & Feasibility Studies. Feel free to reach out to us on email@example.com…November 29, 2020
Nasdaq Dubai Growth Market to Support UAE SMEs
Small & Medium Enterprises (SMEs) account for approximately 90% of the business in Dubai. They contribute to nearly 50% of Dubai’s Gross Domestic Product (GDP) and account for 52% of the total workforce in the Emirate. The Covid-19 pandemic has resulted in an economic slowdown impacting local SMEs. In order to support these SMEs, the government has launched several measures to help them deal with the financial fallout. One such measure is the initiation of Nasdaq Dubai Growth Market.
Nasdaq Dubai Growth Market to Support the SMEs
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has launched the Nasdaq Dubai Growth Market which will help the SMEs by raising capital through Initial Public Offerings (IPOs) for their future expansions. The initiative falls under the Dubai Future District that focuses on leading the MENA (Middle East & Africa) region and creating a future economy by providing investment, technical, legislative, service and incentive-driven environment.
The Nasdaq Dubai Growth Market will provide a platform to innovative and fast-growing SMEs to list their business on the region’s international exchange creating an environment where businesses can prosper through forming partnerships. This will not only provide business opportunities for the SMEs within the UAE, but also for the international companies that are looking to expand in the region. As a consequence, Dubai is expected to see a boost in the economy thereby stimulating the growth across various sectors through this initiative.
The Nasdaq Dubai Growth Market
The Growth Market will play a critical role in the future by financing innovative businesses to accelerate their growth and create new markets for their products/services. The launch of this initiative will strengthen Dubai’s position as a regional leader in innovation across industries.
The Nasdaq Dubai Growth Market will allow SMEs that are valued below AED 920 million (USD 250 million) to list their business. One precondition is that business should be in operation for 1-3 years before it is listed on the platform. The Growth Market will allow owners of the business to handle the IPO and they can sell as little as 25% of the company shares providing them with control over their business operations. Several companies have already listed themselves in the Nasdaq Dubai Growth Market. They are expected to be launched in 2021.
Impact on Future Dubai & UAE Economy
The Nasdaq Dubai Growth Market will have a significant impact on the SMEs that are looking to expand their business. The Growth Market will also contribute to the UAE’s vision to achieve zero contribution of oil in its GDP over the course of next 50 years. It will also help UAE in strengthening its position as a regional leader in Innovation, Finance, Logistics, Infrastructure and Business Services.
Research Konnection is one of the leading market research companies in Dubai that assists local and international companies to set up or expand businesses in Dubai, Abu Dhabi and UAE. At Research Konnection, we specialize in Market Research, Feasibility Studies and Business Plan Development. Feel free to reach out to us on firstname.lastname@example.org…November 2, 2020
Dubai to build Commercity to promote e-Commerce Industry
Dubai – The government of Dubai has announced to build the first of its kind free trade zone dedicated for the e-Commerce industry in the region ‘Dubai Commercity’, located close to Dubai International Airport. The estimated value for the project is around AED 3.2 billion ($870 million) and covers an area of 2.1 million Sq.ft. The ‘Dubai Commercity’ aims to promote investment in the e-Commerce Industry by providing numerous benefits and exemptions to the e-Commerce players.
e-Commerce Industry – UAE
Driven by the strong growth in online shoppers, the UAE’s e-Commerce Industry leads the Gulf region with an estimated value of Dh 59 billion ($16 billion) in 2019 and CAGR of 13 per cent between the next few years. However, due to the COVID-19 pandemic which has influenced the online shopping behavior, the e-Commerce growth rate is likely to increase significantly as more number of consumers opt to buy products and services online.
e-Commerce Industry Growth – UAE
The young Internet-savvy population with high social media usage, high disposable income and the growth in Dubai’s mobile wallet market are among the key contributing factors towards the growth of the e-Commerce marketplace in the country. As of 2019 and before the COVID-19 pandemic, 62 per cent of UAE residents were actively engaged in online shopping while e-Commerce sales constituted 10 per cent of total sales in UAE.
Furthermore, the Dubai government has introduced several strategies to attract foreign investors in the e-Commerce Industry. One of such Strategies is the announcement of Dubai Commercity, a dedicated free-zone for the e-commerce Industry.
The Dubai Commercity is considered to be the first of its kind in the region. The site is a joint venture between Dubai Airport Freezone Authority (DAFZA) and Al Wasl Properties. The Dubai Commercity will have three major clusters namely; Business, Logistics and Social Cluster.
The Business cluster will accommodate 12 office buildings that promise modern facilities and sustainable design for companies of varying size while the Logistics cluster will consist of heavily automated AI (Artificial Intelligence) warehouses and storage facilities. The Social cluster will consist of restaurants and cafes. The e-Commerce businesses that will be registered with the free-zone will benefit from “one-stop shop” services inclusive of immigration, administration, banking and healthcare. The facilities are expected to be operational in November 2020, while the project will be fully functional by the end of 2023.
Dubai Commercity – Future Potential
The developers mentioned that the situation arising from the COVID-19 has been one of the major factors that has led to the conceptualization of Commercity in Dubai. The on-going Coronavirus pandemic is expected to further fuel the growth of the industry and the investment in the e-Commerce industry will pay off as the Dubai and UAE market is set for explosive growth amid rapidly changing online consumer buying landscape.
Research Konnection is one of the leading market research companies in Dubai that assists local and international companies to set up or expand businesses in Dubai, Abu Dhabi and UAE. At Research Konnection, we specialize in Market Research, Feasibility Studies and Business Plan Development. Feel free to reach out to us on email@example.com…May 27, 2020
UAE Government Develops Economic Sustainability & Business Continuity Plan To Combat COVID-19 Challenges
UAE Government Develops Economic Sustainability & Business Continuity Plan To Combat COVID-19 Challenges
Dubai – Under the directives of H.H. Sheikh Mohammed bin Rashid Al Maktoum, th…May 15, 2020
Abu Dhabi Economic Stimulus Package
By the year 2018, the government of Abu Dhabi initiated Ghadan 21 and allocated funds of AED 50 billion to be spent over the next three years that would help kick-start the Emirate’s …March 19, 2020
UAE’s Food & Beverage Industry Outlook
UAE is the second biggest market in GCC’s food and beverage sector with the country’s population at over 10 million people in 2018 witnessing a continued influx of more than 17 mil…December 29, 2019
Dubai GDP to grow by 2.4% in 2019 – S&P Global Ratings
Dubai economy is projected to grow by 2.4 per cent in 2019 on account of increased economic activity associated with EXPO 2020, according to S&P Global Ratings….September 8, 2019
China to invest $3.4bn in Dubai’s logistics and trading sectorsMay 1, 2019