Major Economic Indicators Major Economic Indicators Location Map - - PDF document

1 26 May 2005 26 May 2005

Burgeoning Opportunities in Burgeoning Opportunities in the Middle East the Middle East -

• Dubai

Dubai

Chinese Enterprise Investment Seminar

Location Map Location Map

An Overview of the An Overview of the United Arab Emirates United Arab Emirates

• Abu Dhabi (Capital)
• Dubai
• Sharjah
• Ajman
• Umm Al Quwain
• Fujairah
• Ras Al Khaimah

Major Economic Indicators Major Economic Indicators

3.671 Exchange Rate (US$1 = dirhams) 41.7 (+13.6%) Imports (US$ billion) 60.8 (+18.8%) Exports (US$ billion) 3.2 Inflation (%) 19,750.0 GDP per capita (US$) 7.0 Real GDP growth (%) 79.82 GDP (US$ billion) 4.04 Population (million) 2003 2003 UAE UAE

2 GDP by Sectors (2003) GDP by Sectors (2003)

Services sectors 47% Agriculture 4% Crude oil production 23% Industry 26%

Dubai Dubai -

• Background

Background

• Second largest emirate of the United

Arab Emirates (UAE)

• UAE is a federation of seven emirates
• Founded in 1971
• Member of the Arab Gulf Cooperation

Countries (AGCC)

Dubai Dubai -

• Facts

Facts

• Ruled by the Al Maktoum Family
• Population 1.204 million
• 17% of population are UAE nationals
• Cosmopolitan city with 120 nationalities
• 3,885 sq. km (5% of total UAE land area)

Dubai Dubai -

• Economy

Economy

• GDP US$ 26.7 billion (+16.7%)
• Oil 5.7%, non-oil 94.3%
• Main non-oil industries: Trade, Tourism

Manufacturing and Transport

• Diversified economic base
• Currency is UAE Dirham

(US$1= Dhs. 3.67)

3

GDP Breakdown & Trends GDP Breakdown & Trends

+14.7% Dh14.8 billion Trade +4% Dh7.5 billion Government Services +16.4% Dh4.4 billion Tourism Hospitality & Catering +13% Dh9.8 billion Financial +19.3% Dh16.24 billion Telecommunications, Transport, Travel and Freight +16.6% Dh15 billion Industrial +22% Dh10.3 billion Real Estate +29% Dh11.1 billion Construction Growth Rate Value (2004) Item

Dubai Dubai – – Business Climate Business Climate

• Open, transparent market
• Use of English is universal
• Full range of banking and business

services

• First class infrastructure
• Pro-business government policies
• Free zones

Doing Business in Dubai Doing Business in Dubai

• UAE is a member of the WTO
• No exchange control
• Customs Valuation & Import Tariffs
• 5% of the CIF value
• Intoxicating liquors: 50% of the CIF
• Tobacco products: 100% of the CIF

Doing Business in Dubai Doing Business in Dubai

• Sell directly to dealers and distributors
• Commercial agency arrangements
• agent must be a UAE national/company
• agreement to be registered with Ministry of

Economy and Commerce

4 Doing Business in Dubai Doing Business in Dubai

• Branch or representative office
• 100% foreign ownership permitted
• Local sponsor must be appointed
• Limited liability company
• foreign ownership restricted to 49%
• local partner is required
• Free zone establishment
• 100% foreign ownership
• no import duties
• 100 per cent foreign ownership
• Exemption from all import duties
• 100 per cent repatriation of capital and profits
• No corporate taxes for 15 years, renewable for

an additional 15 years

• No personal income taxes
• An abundant and inexpensive energy supply
• Simple, efficient recruiting procedures
• High level of administrative support from authorities

Free Free-

• zone Incentives

zone Incentives Dubai Free Zones Dubai Free Zones

2003 Dubai Healthcare City 2003 Knowledge Village 2002 Dubai Metals & Commodities Centre 2001 Gold & Diamond Park 2001 Dubai Media City 2000 Dubai Internet City 2000 Dubai Cars & Automotive Zone 1996 Dubai Airport Free Zone 1985 Jebel Ali Free Zone Year of Establishment Free Zone

Forthcoming Dubai Free Zones Forthcoming Dubai Free Zones

• Business Bay
• Dubai Auto Parts City Free Zone
• Dubai Biotechnology and Research
• Dubai Carpet Zone
• Dubai Flower Centre
• Dubai International Arbitration Centre
• Dubai Maritime City (DMC)
• Dubai Silicon Oasis (DSO)
• Dubai Textile City (DTC)
• Mohammed bin Rashid Technology Park
• The Heavy Equipment & Trucks Free Zone
• The International Media Production Zone

5 Business Opportunities Business Opportunities in Dubai in Dubai

Trade Transport Tourism Technology

4T 4T’ ’s s 4T 4T’ ’s s

TRADE TRADE

TRADE TRADE TRADE TRADE TRADE TRADE TRADE TRADE

Dubai is the gateway to 2 billion Dubai is the gateway to 2 billion people in fast growing emerging people in fast growing emerging markets markets

Trade Trade Trade Trade

Value

• Dhs. 108.74 billion (US$ 29.62 billion)

Types of Products

• Electronic equipment
• Textiles
• Chemical products

Top 5 Source Countries (in USD)

• China

$3.62 billion

• India

$2.62 billion

• Japan

$2.24 billion

• Germany

$1.93 billion

• USA

$1.85 billion

• Vehicles
• Metals
• Machinery

Imports Imports

Value

• Dhs. 37.75 billion (US$ 10.28 billion)

Types of Products

• Machinery
• Textiles
• Food Products

Top 5 Re-export Markets (in USD)

• Iran

$2.13 billion

• India

$825 million

• Switzerland

$586 million

• Iraq

$561 million

• Pakistan

$417 million

• Jewellery
• Vehicles

Re Re-

• exports

exports Trade Trade Trade Trade

6

Dubai Dubai’ ’s Import by Products s Import by Products Trade Trade Trade Trade

16.8% 1873 1603 Jewellery 283 152 589 299 598 328 572 714 2003 11.9% 253 Watches & Clocks 10.1% 138 Toys 0.8% 584 Household Electrical Appliances 22% 245 Furniture 13.7% 526 Woven Wear 27.6% 257 Knit Wear 37.8% 415 Auto Parts & Accessories 16.3% 614 Audio-visual % 2002 Item

(US$ million) (US$ million) (US$ million) (US$ million)

Exhibitions in Dubai Exhibitions in Dubai Trade Trade Trade Trade

• MOTEXHA – September 2005

Fashion, accessories, leather products

• Int. Spring & Autumn Trade Fair – April

& November 2005

General consumer products

• Int’l Jewellery Dubai - December 2005

Jewellery & Watches

• Int. Premium Fair – September 2005

Gifts and premiums

• Index - November 2005

Furniture and interior design

• GITEX –

– September 2005

Computers, communications

TRANSPORT TRANSPORT TRANSPORT TRANSPORT TRANSPORT TRANSPORT TRANSPORT TRANSPORT TRANSPORT TRANSPORT

The transportation and logistics The transportation and logistics hub for the Middle East Region hub for the Middle East Region

• Port Rashid (35 berths)
• Jebel Ali Port (71 berths)
• World Ranking for container ports :

10th in 2004

• 6.43 million Container TEUs in

2004 (up 25%)

• 14,035 vessels handled in 2004
• 77.38 million total tonnage in 2004

(up 21%)

Dubai Ports Authority Dubai Ports Authority Transport Transport Transport Transport

7

• 107 airlines serving 160 destinations

Dubai International Airport Dubai International Airport Transport Transport Transport Transport

Air Cargo

• Established in 1991 with a design

capacity of 250,000 tones

• Dubai Cargo Village –

Region’s largest cargo hub

• Handling capacity:

1.1 million tonnes by 2004 (up 18%)

• Won the Best Airport

Middle East for tenth consecutive year

• Busiest airport in the Middle East
• 21.7 million passengers in 2004
• 30 million passengers expected by

2010

• Ambitious expansion program US$1.4

billion – a third terminal, 2 new concourses and cargo facilities

• Home of Emirates and

Dubai Duty Free

Dubai International Airport Dubai International Airport Transport Transport Transport Transport

Passenger

TOURISM TOURISM TOURISM TOURISM TOURISM

Fast growing industry fuelling Fast growing industry fuelling economic growth and rapid economic growth and rapid development development

Tourism Tourism Tourism Tourism Tourism Development Tourism Development

• 5.42 million visitors in 2004
• Target 15 million visitors in 2010
• 70 hotels in 1990
• 276 hotels & 95 hotel apartments

in 2004

• Average occupancy 81%
• Average length of stay: 2.8 days
• 15.2 million guest nights

8

Tourism Tourism Tourism Tourism Tourism Tourism Attractions Attractions

• Dubai Creek
• Dubai Museum
• Sheikh Saeed House
• Jumeirah Mosque
• Bastakiya Area
• Heritage & Diving Village
• Hatta Fort

Tourism Tourism Tourism Tourism Desert Adventure Desert Adventure

Desert Safari

• Dune driving
• Sand skiing
• Wadi Bashing
• Bedouin Village

Desert Camp

• Arabian BBQ
• Belly Dancing
• Hubble bubble pipes
• Falconry

The Palm The Palm

World’s largest man-made islands Leisure, residential and tourism 40 hotels, villa’s, apartments, marinas and theme

parks

Add 120 km of sandy coastline

New Development New Development New Development New Development The World The World

Consist of 250 islands strategically

positioned to form the shape of the world map

Located 4 km offshore from Dubai Due for completion by late 2005

New Development New Development New Development New Development

9

International City International City International City International City International City International City International City International City

A World Class hub for international investors, traders

and retailers

The development is divided into six main areas are:

• 1. Central District
• 2. The Dragon Mart
• 3. Dubai Design Centre
• 4. The Residential District
• 5. Lake District
• 6. Forbidden City

New Development New Development New Development New Development Dubai Festival City Dubai Festival City

A unique Festival Centre‘ mixed-use real estate

project and able to accommodate over 75,000.

1st phase expected to be completed in 2006

New Development New Development New Development New Development Dubailand Dubailand

Divided into six themed worlds and

comprising over 200 individual projects

Six themed worlds are Attractions

and Experience World, Retail & Entertainment World, Themed Leisure and Vacation World, Eco Tourism World, Sports & Outdoor World and Downtown.

Six projects will finish by 2007

forming the 1st operational phase

• f Dubailand.

New Development New Development New Development New Development Dubai Marina Dubai Marina

Innovative “City within a

city design” able to accommodate over 150,000.

Expected to be completed

in 2008

Burj Burj Dubai Dubai

World’s Tallest Tower in Dubai Expected to be completed in 2008

New Development New Development New Development New Development

10

The The Hydropolis Hydropolis

World’s first underwater hotel Build down to a depth of 20

metres, some 300 metres off the Jumeirah coast

Expected to be completed by Oct.

2006

Dubai Pearl

Undertake Dh3 billion to develop an

upscale township between Dubai Technology Free Zone and Palm Island

Over 1,500 hotel rooms and 2,000

residential units provided

Expected to be completed by

May 2006

New Development New Development New Development New Development

TECHNOLOGY TECHNOLOGY TECHNOLOGY TECHNOLOGY TECHNOLOGY

The first technology, The first technology, e e-

• commerce and media

commerce and media free zone in the world. free zone in the world.

Dubai Internet City Dubai Internet City Technology Technology Technology Technology

• Established in October 2000
• 330 new economy companies
• World-class IT infrastructure
• Access to huge pool of talent
• 100% foreign ownership
• Tax free

Technology Technology Technology Technology

• Established in January 2001
• Focal point of media activity in the

region - 365 media companies

• State-of-the art technology platform
• Communication, Broadcasting,

Production, Publishing, Music or New Media

• 100 % foreign ownership
• Tax free

Dubai Media City Dubai Media City

11 Thank You Thank You Thank You Thank You

• Dubai Department of Tourism and

Commerce Marketing Far East Office - Hong Kong

• Ms. Christina Lau
• Tel. (852) 2827 5221
• Fax (852) 2511 5472
• E-mail: dtcm_hk@dubaitourism.ae
• Website: www.dubaitourism.ae

Contacts Contacts