LONDON, 12th August, 2018 (WAM) -- The UAE Ministry of Economy, MOE, has announced the launch of the second edition of ‘Doing Business in the UAE' guide.
The guide was launched in London with the support of the Ministry of Economy and in partnership with the Institute of Export and International Trade. It covers basic information about the country and how individuals can start businesses, along with key issues of interest for foreign investors.
According to the handbook, the UAE is the second largest Gulf economy and the 30th largest in the world, with the 20th highest gross domestic product, GDP, per capita at US$42,000. It also includes information on market entry, risk management, as well as sections on culture and language.
Abdullah bin Ahmed Al Saleh, Under-Secretary for Foreign Trade at MOE, said that the launch of the guide falls in line with the Ministry’s continuing efforts to promote the country's economic environment and highlight its vision of development based on the move to create a diversified competitive economy via knowledge and innovation, led by national competencies highly contributing to the move to increase the country's attractiveness in terms of investments, economic activities and competitiveness across international markets.
He added that the guide aims to serve as a useful starting point for business owners and exporters, especially those new to business, providing them an essential overview of the UAE's economy as well as the advantages, benefits, incentives and services that can be gained from the country's business environment.
Worth noting, the guide also covers key facts about the UAE's foreign trade relations--taking note of the fact that the UAE is the UK's largest civil export market in the Middle East and the third largest market outside of Europe, where only China and the US were larger in 2017.
‘Doing Business in the UAE’ also highlights the country's economic development strategy especially its move towards diversifying its economy through the development of many non-oil sectors, such as trade, travel, tourism and real estate.