An Overview of the An Overview of the United Arab Emirates United Arab Emirates Abu Dhabi (Capital) � Dubai Chinese Enterprise � Sharjah Investment Seminar � Ajman � Burgeoning Opportunities in Burgeoning Opportunities in Umm Al Quwain � the Middle East the Middle East - - Dubai Dubai Fujairah � Ras Al Khaimah � 26 May 2005 26 May 2005 Major Economic Indicators Major Economic Indicators Location Map Location Map UAE 2003 UAE 2003 Population (million) 4.04 GDP (US$ billion) 79.82 Real GDP growth (%) 7.0 GDP per capita (US$) 19,750.0 Inflation (%) 3.2 Exports (US$ billion) 60.8 (+18.8%) Imports (US$ billion) 41.7 (+13.6%) Exchange Rate (US$1 = dirhams) 3.671 1
Dubai - - Facts Facts GDP by Sectors (2003) GDP by Sectors (2003) Dubai Industry 26% Ruled by the Al Maktoum Family Services � sectors Population 1.204 million � 47% 17% of population are UAE nationals � Cosmopolitan city with 120 nationalities � Crude oil Agriculture 3,885 sq. km (5% of total UAE land area) production � 4% 23% Dubai - - Background Background Dubai - - Economy Economy Dubai Dubai Second largest emirate of the United � GDP US$ 26.7 billion (+16.7%) � Arab Emirates (UAE) Oil 5.7%, non-oil 94.3% � UAE is a federation of seven emirates Main non-oil industries: Trade, Tourism � � Manufacturing and Transport Founded in 1971 � Diversified economic base Member of the Arab Gulf Cooperation � � Currency is UAE Dirham � Countries (AGCC) (US$1= Dhs. 3.67) 2
GDP Breakdown & Trends GDP Breakdown & Trends Doing Business in Dubai Doing Business in Dubai Item Value (2004) Growth Rate UAE is a member of the WTO Construction Dh11.1 billion +29% � Real Estate Dh10.3 billion +22% No exchange control � Industrial Dh15 billion +16.6% Customs Valuation & Import Tariffs Telecommunications, Dh16.24 billion +19.3% � Transport, Travel and Freight - 5% of the CIF value Trade Dh14.8 billion +14.7% - Intoxicating liquors: 50% of the CIF Financial Dh9.8 billion +13% Tourism Hospitality & Dh4.4 billion +16.4% - Tobacco products: 100% of the CIF Catering Government Services Dh7.5 billion +4% Dubai – – Business Climate Business Climate Doing Business in Dubai Dubai Doing Business in Dubai Open, transparent market Sell directly to dealers and distributors � � Use of English is universal Commercial agency arrangements � � • agent must be a UAE national/company Full range of banking and business � • agreement to be registered with Ministry of services Economy and Commerce First class infrastructure � Pro-business government policies � Free zones � 3
Dubai Free Zones Dubai Free Zones Doing Business in Dubai Doing Business in Dubai Free Zone Year of Establishment Jebel Ali Free Zone 1985 Branch or representative office � Dubai Airport Free Zone 1996 • 100% foreign ownership permitted Dubai Cars & Automotive Zone 2000 • Local sponsor must be appointed Dubai Internet City 2000 Limited liability company � Dubai Media City 2001 • foreign ownership restricted to 49% Gold & Diamond Park 2001 • local partner is required Dubai Metals & Commodities Centre 2002 Free zone establishment � Knowledge Village 2003 • 100% foreign ownership • no import duties Dubai Healthcare City 2003 Free- Free -zone Incentives zone Incentives Forthcoming Dubai Free Zones Forthcoming Dubai Free Zones 100 per cent foreign ownership � Business Bay � Exemption from all import duties � Dubai Auto Parts City Free Zone � 100 per cent repatriation of capital and profits Dubai Biotechnology and Research � � Dubai Carpet Zone � No corporate taxes for 15 years, renewable for � Dubai Flower Centre � an additional 15 years Dubai International Arbitration Centre � Dubai Maritime City (DMC) � No personal income taxes � Dubai Silicon Oasis (DSO) � An abundant and inexpensive energy supply Dubai Textile City (DTC) � � Mohammed bin Rashid Technology Park � Simple, efficient recruiting procedures � The Heavy Equipment & Trucks Free Zone � The International Media Production Zone High level of administrative support from authorities � � 4
Business Opportunities Imports Imports Business Opportunities in Dubai Value in Dubai Dhs. 108.74 billion (US$ 29.62 billion) � Types of Products � Trade Vehicles Electronic equipment � � Metals � Transport Textiles � � Machinery 4T’ ’s s 4T Chemical products � � 4T’ ’s s � Tourism 4T Top 5 Source Countries (in USD) � Technology China $3.62 billion � India $2.62 billion � Japan $2.24 billion � Germany $1.93 billion � USA $1.85 billion � Trade Trade Trade Trade Re- Re -exports exports Value Dubai is the gateway to 2 billion Dubai is the gateway to 2 billion Dhs. 37.75 billion (US$ 10.28 billion) people in fast growing emerging people in fast growing emerging � markets markets Types of Products Machinery � Jewellery Textiles � � Vehicles Food Products � � TRADE TRADE TRADE TRADE TRADE TRADE TRADE TRADE TRADE TRADE Top 5 Re-export Markets (in USD) Iran $2.13 billion � India $825 million � Switzerland $586 million � Iraq $561 million � Pakistan $417 million � Trade Trade Trade Trade 5
Dubai’ Dubai ’s Import by Products s Import by Products (US$ million) (US$ million) (US$ million) (US$ million) Item 2002 2003 % The transportation and logistics The transportation and logistics Audio-visual 614 714 16.3% hub for the Middle East Region hub for the Middle East Region Auto Parts & 415 572 37.8% Accessories Knit Wear 257 328 27.6% Woven Wear 526 598 13.7% Furniture 245 299 22% TRANSPORT TRANSPORT Household Electrical 584 589 0.8% TRANSPORT TRANSPORT TRANSPORT TRANSPORT TRANSPORT TRANSPORT TRANSPORT TRANSPORT Appliances Jewellery 1603 1873 16.8% Toys 138 152 10.1% Watches & Clocks 253 283 11.9% Trade Trade Trade Trade Exhibitions in Dubai Exhibitions in Dubai Dubai Ports Authority Dubai Ports Authority MOTEXHA – September 2005 � Fashion, accessories, leather products Port Rashid (35 berths) � Int. Spring & Autumn Trade Fair – April � Jebel Ali Port (71 berths) & November 2005 � General consumer products World Ranking for container ports : � Int’l Jewellery Dubai - December 2005 10th in 2004 � Jewellery & Watches 6.43 million Container TEUs in � Int. Premium Fair – September 2005 � 2004 (up 25%) Gifts and premiums 14,035 vessels handled in 2004 Index - November 2005 � � Furniture and interior design 77.38 million total tonnage in 2004 � GITEX – – September 2005 (up 21%) � Computers, communications Trade Trade Trade Trade Transport Transport Transport Transport 6
Dubai International Airport Dubai International Airport Fast growing industry fuelling Fast growing industry fuelling 107 airlines serving 160 destinations � economic growth and rapid economic growth and rapid development Air Cargo development Established in 1991 with a design � capacity of 250,000 tones Dubai Cargo Village – � Region’s largest cargo hub TOURISM TOURISM TOURISM TOURISM TOURISM Handling capacity: � 1.1 million tonnes by 2004 (up 18%) Won the Best Airport � Middle East for tenth consecutive year Transport Transport Transport Transport Dubai International Airport Dubai International Airport Tourism Development Tourism Development Passenger 5.42 million visitors in 2004 � Target 15 million visitors in 2010 � 70 hotels in 1990 � Busiest airport in the Middle East � 276 hotels & 95 hotel apartments � 21.7 million passengers in 2004 � in 2004 30 million passengers expected by � 2010 Average occupancy 81% � Ambitious expansion program US$1.4 � Average length of stay: 2.8 days billion – a third terminal, 2 new � concourses and cargo facilities 15.2 million guest nights � Home of Emirates and Transport Transport Transport Transport Tourism Tourism Tourism Tourism � Dubai Duty Free 7
Tourism Attractions Tourism Attractions The Palm The Palm � World’s largest man-made islands Dubai Creek � � Leisure, residential and tourism Dubai Museum � � 40 hotels, villa’s, apartments, marinas and theme Sheikh Saeed House � parks Jumeirah Mosque � Add 120 km of sandy coastline � Bastakiya Area � Heritage & Diving Village � Hatta Fort � Tourism Tourism Tourism Tourism New Development New Development New Development New Development The World The World Desert Adventure Desert Adventure � Consist of 250 islands strategically Desert Safari positioned to form the shape of the world map Dune driving � Located 4 km offshore from Dubai � Sand skiing � Due for completion by late 2005 � Wadi Bashing � Bedouin Village � Desert Camp Arabian BBQ � Belly Dancing � Hubble bubble pipes � Tourism Tourism Tourism Tourism New Development New Development New Development New Development Falconry � 8
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