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DUBAI . Doing Business with the Region's Leading Maritime Centre

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DUBAI . Doing Business with the Region's Leading Maritime Centre . DUBAI THE MARITIME GATEWAY TO GLOBAL TRADE . Doing business with the region’s leading maritime centre The Maritime Gateway to Global Trade 2 3 The Maritime Gateway to Global Trade 4 UAE’s Remarkable Legacy 5 Word from the Chairman UAE’s Remarkable Legacy Why Dubai? 01. Zero tax economy 02. No. 1 Maritime Centre in Middle East 03. 100% business ownership 04. Ideal location near global business hubs 05. Courageous leadership 06. Dubai’s innovation adoption 07. Diverse human resources 08. Logistics and IT 09. Most visited tourism hub 10. Progressive governmental regulations 11. Excellent educational institutions 12. Favourable business structure 13. Multicultural community 14. Happiness quotient 15. A smarter and sustainable future 16. Future accelerators 17. Enthusiastic entrepreneurial spirit 18. World-class infrastructure Dubai Maritime City Authority Catering to a growing sector Driving a competitive maritime sector Launch of Dubai Maritime Cluster Office (DMCO) Navigating the path to success The virtual way forward Contents Contact Us The Maritime Gateway to Global Trade 6 Word from the Chairman 7 World-class infrastructure, a multitalented and multicultural populace, zero capital gains and a stable political system - Dubai is a destination of distinction. Whichever direction you turn, the innovation in this progressive city is palpable, and the opportunity for new business ventures is incomparable. Sharing this forward-thinking attitude and approach, the Dubai Maritime City Authority’s (DMCA) is keen to present Dubai as a fundamental business centre, regionally and globally. To achieve this, we are implementing best international practices in the organisation, executing key management projects and following a path of success unique to our own identity. We appreciate the importance of collaboration in achieving our future aspirations. Hence, our focus is centred on building strong strategic partnerships with various government bodies, non-governmental institutions and stakeholders. We are also striving to provide international ship owners with custom solutions that allow them to carry out successful long-term business in our ports and waters, while immersing in the indulgent lifestyle and rich culture of Dubai. Sultan Ahmed bin Sulayem Chairman Word from from Word the Chairman The Maritime Gateway to Global Trade 8 UAE’s Remarkable Legacy 9 For centuries, the UAE has been a bustling maritime destination situated at the cross roads of the great East-West trading routes. The legendary Silk Routes paved through the region and interlinked trades from the Asia to the Mediterranean and Europe as well as parts of North and East Africa. This arterial passageway not only acted as a trade route but placed the UAE at the heart of the exchange of ancient knowledge, philosophy and technology between both sides. Until the mid20-th century, the economy of UAE and Dubai was primarily driven by pearl diving. Originally a small fishing and trading village, today Dubai holds an undisputed position as fast-growing global maritime centre. Long recognised as the leading regional trading hub in the Middle East, the city has transformed itself in recent years into an international business centre of global significance, with prominence in various sectors including retail, finance, real estate and export. As befits a dynamic and prosperous business centre, Dubai’s ultramodern hotels offer every luxury. An intriguing land that combines old-world souks and modern shopping malls, rolling sand dunes and championship grass golf courses, remote Bedouin villages and an array of five-star hotels, Dubai has something for everyone. UAE’s Remarkable UAE’s Legacy The Maritime Gateway to Global Trade 10 UAE’s Remarkable Legacy 11 Dubai’s inspiring journey 1903 1972 1983 2000 2005 2010 Dubai becomes Port Rashid Dubai Drydocks Dubai Financial DP World founded Burj Khalifa the main port of the is inaugurated open Market founded inaugurated Trucial Coast 1894 1959 1979 1985 1999 2003 2006 2013 Dubai grants full Dubai Creek dredged / Port of Jebel Ali Decree establishing Dubai’s real estate Dubai Maritime City Dubai World investment Dubai and UAE win tax exemption for Dubai Airport inaugurated Jebel Ali Free Zone issued / is opened to non-GCC project announced company established the bid for World all foreign traders inaugurated Emirates Airline national for Expo 2020 is established first time Source: Wikipedia The Maritime Gateway to Global Trade 12 Why Dubai? 13 1 Zero tax economy 2 No. 1 Maritime Centre in Middle East 3 100% business ownership 4 Ideal location near global business hubs 5 Courageous leadership 6 Dubai’s innovation adoption 7 Diverse human resources 8 Logistics and IT 9 Most visited tourism hub 10 Progressive governmental regulations 11 Excellent educational institutions 12 Favourable business structure 13 Multicultural community 14 Happiness quotient 15 A smarter and sustainable future 16 Future accelerators 17 Enthusiastic entrepreneurial spirit Why Dubai?Why 18 World-class infrastructure The Maritime Gateway to Global Trade 14 Why Dubai? 15 Dubai is the success story of the 21st century that has been scripted by the sea through the pearl industry. It is a cosmopolitan city of diversity and contrasts at the crossroads of Europe, Asia and Africa. Its low logistical and operational costs and excellent infrastructure, international outlook, highest levels of comfort and convenience, constant reinvention and innovation, liberal government policies and many other factors lay the groundwork for successful businesses. The Maritime Gateway to Global Trade 16 17 Dubai’s Economic Excellence 4th city globally in number of projects attracted.* Dubai has driven UAE’s GDP Area Dubai is among top 10 diversification away from oil global cities attracting foreign and gas. A pick up in the UAE’s 3,885 square kilometers non-oil economy is expected with direct investment.** a 3.2 per cent growth in 2017**. Real GDP AED 364 Bn (US$ 101 Bn) in 2015* Average Real GDP growth of 3.7% over 2010-2015** Tourism 5% Industry Trade Population 10% 2.78 million as of 2017*** 28% 11% Finance Dubai Real GDP Per Capita Real GDP by Sector AED 146 thousand 2015 (%) 12% Logistics (US$ 41 thousand) in 2015 Other 35% Inflation 3.9% in 2015*** *Source: Arabian Business **Source: Khaleej Times *** Source: Dubai Statistics Centre *Source: Dubai Investment Development Agency **Source: Khaleej Times The Maritime Gateway to Global Trade 18 Why Dubai? 19 1 Zero tax economy Dubai is an attractive destination for foreign investors and citizens looking to work or start a business as the city is free of income, revenue or property tax. The UAE Government does not impose taxes on the wealth of companies and individuals. Dubai has also concluded different double taxation agreements with other countries in order to reduce the taxes applied to foreign citizens when repatriating profits to their home countries. The Maritime Gateway to Global Trade 20 Why Dubai? 21 2 No. 1 Maritime Centre in Middle East For years, Dubai has been a strong contender in global maritime sector. However, studies have shown that the city has strengthened its position in recent years and is now ranked among the top 10 maritime capitals of the world. Industry experts have predicted that Dubai will grow to be the world’s 5th most important maritime centre in a few years. Dubai is believed to be the city that will experience the most growth in the coming years. The city’s world class infrastructure and its visionary leadership will steer it to become the world leader in the maritime industry. The Maritime Gateway to Global Trade 22 Why Dubai? 23 Top 5 Maritime Cities of the World OSLO COPENHAGEN HAMBURG Atlantic DUBAI Pacific Ocean Ocean SINGAPORE Indian Ocean Dubai is No. 1 Maritime Centre in Middle East The Maritime Gateway to Global Trade 24 Why Dubai? 25 3 100% business ownership Dubai has a large number of free zones which allows investors to hold 100% ownership of their company without the need for a local sponsor or local service agent. They also offer benefits such as waiver of corporate taxes, exemption from personal taxes as well as import and export taxes, 100% repatriation of revenue and profits, recruitment and workforce processes are simplified, 100% free transfer of funds and more. The Maritime Gateway to Global Trade 26 27 15 5 1 Free Zones of Dubai 1. Dubai Airport Free Zone 7 2. Dubai Auto Zone 3. Dubai Biotech Research Park 4. Dubai Design District 10 5. Dubai Flower Centre 6. Dubai Gold and Diamond Park 4 7. Dubai Healthcare City 8. Dubai Industrial City 11 2 24 9. Dubai International Academic City 16 10. Dubai International Financial Centre 11. Dubai Internet City 13 12. Dubai Knowledge Park 13. Dubai Knowledge Village 6 21 18 14. Dubai Logistics City (Dubai World Central) 15. Dubai Maritime City Authority 16. Dubai Media City 9 17. Dubai Multi Commodities Center (JLT) 12 18. Dubai Outsource Zone 19. Dubai Production City 20 3 20. Dubai Science Park 17 21. Dubai Silicon Oasis 22. Dubai Studio City 23. Techno Park Dubai (National Industries Park) 24. Dubai Textile City 19 22 25. International Humanitarian City 26 26. International Media Production Zone 27. Jebel Ali Free Zone 27 23 14 25 8 The Maritime Gateway to Global Trade 28 Why Dubai? 29 4 The city’s official carrier Emirates flies to 152 destinations in 72 countries, across six continents from Dubai.* Ideal location near global business hubs Dubai’s strategic location between the East and West places one third of the world’s leisure destinations and business hubs within a 4 - hour flight and two thirds within an eight-hour flight. Dubai International Airport is served by over 125 airlines flying to over 260 destinations.** *Source: Wikipedia **Source: visitdubai.com The Maritime Gateway to Global Trade 30 Why Dubai? 31 5 Courageous leadership It is a cosmopolitan city of diversity and contrasts at the crossroads of Europe, Asia and Africa.
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