Excelling beyond its limits, the region of United Arab Emirates is on the way to reach another milestone by the year 2021. With a strong vision of being one of the best countries in the world, the UAE has initiated its journey by knitting the vibrant pillars of the nation. As the nation provides humongous opportunities to foreign investors and business professionals, the region has been doing well in grabbing the attention of global investors.
Launched by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister, and the Ruler of the UAE at the Cabinet Meeting in 2010. The implementation would boost the nation’s growth as it would open up multiple ways to start a business in the UAE.
The National Priorities
Holding a visionary leadership and foreseeing future growth, the nation of UAE has been focusing on specific core aspects, which stands as the national priorities have been designed to excel in the region at its best.
Being the economic, tourist, and commercial capital, the region of UAE looks forward to grabbing establish the nation as one of the key players of the world when it comes to entrepreneurship and boosts the Small and Medium enterprises. The agenda also drives the schools and universities to endow young minds with creativity, leadership, responsibility, and ambition. The move would ultimately help the nation to become one of the best when it comes to innovation, business research, and development indicators, ease of doing business etc. At present, the nation holds the 11th rank in the ease of doing business, which is an open opportunity for the business investors to come forward and invest in UAE. Irrespective of you are a newbie in the business world, or an experienced professional, you have a ground to play around.
2.Sustainable Environment and Infrastructure
The next focus is to build a nation that stands as a perfect balance between economic and social development. The agenda of Vision 2021 focuses on refining and upgrading the quality of water, air, boost the water preservation resources, enhance green growth plans and contribution of clean energy, and the telecommunication sector. A deep dive has been made to provide excellent quality of airports, road infrastructure, and electricity. This would not only help the region to enhance its economy, but also will provoke the business investors to come ahead and select UAE as their investment ground as infrastructure plays a significant role when it comes to the business establishment. If you are looking for an investment opportunity in the areas mentioned above, then UAE is the perfect investment podium for you.
Health is regarded as the greatest wealth, and that’s what the UAE is focusing on to provide the best services so that the citizens can excel in their health condition. The Vision 2021 National Agenda looks forward to building a world-class healthcare system by collaborating with the health authorities. This would help the public and private hospitals to get an international recognition meeting the quality standards.
A strong emphasis has been inclined towards the reduction of diseases like cancer, diabetes, cardiovascular to enhance a healthy lifestyle for the citizens. The whole idea is to secure as a global hub for world-class healthcare service, which has already started showing an impact as the region has been attracting multiple tourists towards medical tourism. The UAE has been providing numerous services to uplift the medical tourism industry. The upcoming Expo 2020 is expected to pave out various ways to enhance medical tourism to the next level. If you are planning to start a clinic in UAE, or invest in hospitals and medical facilities, then this is the perfect time to give a kick-start.
4.First-Rate Education System
Educated citizens stand as one of the strong pillars that build a strong economy. The Government of the United Arab Emirates has been continuously implementing multiple strategies to boost the education system in the region. Dedicated zones like Dubai Healthcare City (DHC) stands as a perfect destination that encourages the medical industry to uplift in the region of UAE. Business owners and professionals who want to start a medical business in UAE can choose DHC as their ultimate business stop. To start a clinic in Dubai, you need to obtain a private clinic license which will be issued by the respective government authorities, and will act as a permit for your business to carry out the business operations respectively.
5.Safe Public and Fair Judiciary
The nation of UAE has understood the fact that simply providing the best services won’t suffice the purpose until and unless they create a safe environment that will enhance the sense of trust in the minds of the inhabitants. The Emirati government has taken this aspect into consideration and aims to stand as the safest place in the world. Numerous initiatives have been taken so that the citizens develop a sense of security when it comes to certain areas like security, emergency preparedness, reliability of police services and road safety. The government takes the judiciary system into aspect to build it one of the most efficient in the world. This move will also strengthen the areas for business establishment and builds a better business climate for the business owners to come ahead and invest in.
If you have a doubt that the judicial aspect in the UAE stands as a complicated task that you need to deal with while starting your business, then relax. All you need is to follow the required proceedings as stated and you can easily cross the incorporation process. This task becomes much easier if you have a business guide by your side who can assist you in completing the legal proceedings.
6.Cohesive Society and Preserved Identity
The UAE holds Dubai, one of the fastest-growing cities of the world, which is known for multi-culture. The Vision 2021 National Agenda strives to build a cohesive society for the inhabitants to enhance the sense of belongingness. The nation aims to stand as the best in the world when it comes to the Human Development Index, which would ultimately develop a sense of proud for the inhabitants to reside in the nation of UAE. The culture, heritage, and traditions of the nation are well-known, and thus, it reinforces social and family cohesion.
In short, you can see that the nation has been taking numerous initiatives to establish itself as one of the best countries considering a holistic view. Many business owners and investors prefer to take these advantages by incorporating their business in the UAE. By starting your company in the region, you will end up adding a tag of an international brand to your business. The government is in the process of establishing the nation as one of the business-friendly nations of the world. To proceed ahead, it is preferable to go ahead with the suggestions prescribed by an experienced business consultant.
Commitbiz Consultants stands as one of the best business consultants in the UAE who has been successfully helping multiple business professionals and investors to go ahead and transform their dream into a reality. Our business experts are well-experienced with the business proceedings, and can guide you at every step, provide customized solutions meeting your business needs. If you hold a dream of incorporating a business in the UAE, then this is the best time to give a kick start. Do contact us today-we’d be glad to assist you.
What is the prediction of UAE GDP growth in 2023?
UAE’s GDP is forecasted to reach 443.25 billion dollars.
Where is UAE in Foreign Direct Investment (FDI)?
By the recent data, UAE ranked 14th on the global level and 1st on the regional level in FDI.
What are UAE’s future plans?
The UAE plans to achieve the following in the coming years:
- Abu Dhabi Economic Vision 2030,
- Environment Vision 2030 (Abu Dhabi),
- Plan Abu Dhabi 2030,
- Abu Dhabi Transportation Mobility Management Strategy,
- Surface Transport Master Plan (Abu Dhabi),
- Dubai Autonomous Transportation Strategy,
- Dubai Industrial Strategy 2030,
- Dubai 3D Printing Strategy and UN’s 2030 Agenda,
- UAE Water Security Strategy 2036,
- Fujairah 2040 Plan,
- RAK Energy Efficiency and Renewable Energy Strategy 2040.
What are UAE’s future challenges?
Environmental change and combating it is going to be challenging for the UAE.
What is Dubai future plan for 2040?
Dubai has a 2040 urban master plan focused on building Dubai’s competitiveness for desired global destination and increasing opportunities for Citizens, residents and tourists.