The country of the United Arab Emirates is considered as one of the fastest-growing states in the world. There has been an enormous increase in the numbers of foreigners coming into the country and incorporating a business. There are massive opportunities for commencing small companies in the country as there is an enormous boom in the population of the country, comprising mainly of foreigners.
UAE is now considered as one of the best places for entrepreneurs and people in business from all over the world to set up a business. If you are looking to start a small business in the UAE, there are numerous Business Opportunities in the UAE in the near future.
Small Business Opportunities in UAE
Given below are six businesses which are in huge demand in the UAE and possess great potential for foreigners. These are:
1.Real Estate and Construction
Many projects have been taken up by the UAE, which will boost the construction and real estate business in the UAE. The UAE government has also taken up new projects which will change the face of the country. With the upcoming Dubai World Expo 2020, a further boom in the two business sector is expected to make it the best time to enter into the Real Estate and Construction business.
There are two main reasons due to which there is a massive demand for IT and tech professionals. The first cause is the advancements in technology. Understanding the importance of the Information Technology (IT) industry, the UAE government has even developed free zones which deal specifically in the setting up of businesses which are IT-based.
The Middle East is famous for its shopping festivals and is often referred to as the shopping capital. The future of retail business in the UAE is very bright. With the presence of more than 75 shopping malls in Dubai alone, there is the scope for the traditional brick and mortar shops. With the advancements in technology, the online retail market is also not far behind.
The UAE is considered as a tourist destination and is one of the preferred destinations of tourists from all over the world. As of the last decade, numerous hotels and resorts have been constructed to accommodate the incoming visitors. The hotels in the UAE also have several additions in the rooms and also the various amenities for the people.
With the increasing number of companies coming into the country, there has been a massive demand for financial services in the country. There is a considerable development in the Banking and Financial Services and Insurance sector of the country. There is a considerable demand for accounting, bookkeeping, auditing and other financial services.
The people of the United Arab Emirates are now very much aware of their health and are taking steps to better their health. This has led to considerable opportunities in the healthcare sector. With the increase in the population in the country, there is a huge demand for healthcare services in the UAE.
The increasing population of the United Arab Emirates prompts the requirement of a sturdy transportation system. All the emirates are interconnected with each other via a network of roadways. There is a massive opportunity for the development of the transportation sector as there can be companies' set up in various parts of the country.
The United Arab Emirates, more specifically Dubai, is widely popular as the global trading and logistics hub of the world. Most of the goods which are traded in the Middle East have been to the ports of the United Arab Emirates. The strategic location of the country makes it an import and export hub for everyone around the world.
The above mentioned eight businesses provide the best business opportunities for a foreigner in the United Arab Emirates. If a foreigner tries their hand in any of the company indicated above, he is sure to succeed.
If you are looking to set up a business in the UAE, you need the help of experts who can guide you towards the right path and will provide you with correct solutions to your problem when required. One such business consulting firm is Commitbiz. The people at commitbiz will not only provide you with relevant and accurate information but will also help in setting up your business when required. For more details, contact us. We will be happy to help.