Research Paper on "Why it Is a Good Idea for the U.S. Companies to Invest in Dubai"
Research Paper 5 pages (1472 words) Sources: 6
[EXCERPT] . . . .
Invest in Dubai?Of all the financial centers throughout the Middle East, only one has the ability to meld together cultures, businesses, financial institutions and a government that favors foreign investment to create exceptional opportunities for growth. Dubai, United Arab Emirates has emerged as one of the leading banking and finance centers globally because of these factors. The intent of this paper is to explain why U.S. companies need to consider investing in Dubai. There are many factors favoring this decision, and examples of major U.S. corporations who have already made the move. One of the world's leading construction and projects services companies, Halliburton, moved the worldwide headquarters to Dubai (Donahue, 2007). Auto manufacturing firms have also created centers in Dubai (Sa Joe, 2006). Law firms have also opened branch offices in Dubai, significantly growing their customer bases as a result (Taylor, 2008). Dubai has emerged as one of the global hubs of financial management and wealth management, having the highest per capita income for investors of $38,900 (U.S.) of the entire Middle East Region (UAE Report, Q3, 2010).
First, from a commercial banking standpoint, Dubai was able to overcome the onset of the global recession by having investments spread across multiple sectors of the oil industry value chain (Haines, 2007). This significantly lessoned the impact of the global recession on the UAE in general and Dubai specifically. Second, Dubai has invested heavily in creating its own International Financial Centre, which the UAE government is underwriting 60% of the cost of (UAE Report, Q3, 2010) (CIA Research Division, The World Factbook, 2010). Third, the
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(CIA Research Division, The World Factbook, 2010). The CIA also reports that the UAE in general and Dubai specifically is efficient and profitable as an economic system, the per capita income is consistently in the range of $38,000 to $41,000, which is the 23rd highest in the world (CIA Research Division, The World Factbook, 2010).
From an economic standpoint, the UAE is well positioned for long-term growth as well. It is a ranking member of the Gulf Cooperation Council, is considered a common market (free market economy) today, and is planning to migrate to a common currency in 2012. The UAE's economic policies have been designed to support foreign investment and global trade by offering tax-free enterprise zones throughout Dubai and other major cities. In addition, the government's finance ministries are concentrating on a diversified investment portfolio to mitigate the fluctuations in oil prices.
UAE is unique out of all Middle Eastern nations in that it has tax-free trade zones and also will underwrite new businesses that bring UAE leaders on their board of directors (UAE Report, Q3, 2010). For such a prosperous nation, the policies of the government show an enlightened and focused series of strategy aimed at stimulating economic growth (Balfour, 2006). Additional economic factors include the role of the UAE in the six-member common market that is part of the World Trade organization (WT), which the nation helped create and joined in 1996. The UAE is the leading investor in shared infrastructure enhancements with neighboring nations Oman, Qatar and Saudi Arabia in the areas of national defense and air traffic coordination and control throughout the region (UAE Report, Q3, 2010). All of these economic factors point to the nation setting a solid foundation for future economic investment by American companies seeking growth.
In addition to the many financial advantages… READ MORE
Quoted Instructions for "Why it Is a Good Idea for the U.S. Companies to Invest in Dubai" Assignment:
This paper will be why It is a good opporunities for the U.S companies to invest in Dubai:
I picked 3 reason.
1. One of the safest cities in the world, lowest crime rate
2. Liberal economic system with no corporate tax, no income ta, no foreign exchange controls, 20 world class free zone
3. Strong investor incetives and protection, and dubai holds the 1st position in the middle east for attacting international investment banks, companies, and institutions.
How to Reference "Why it Is a Good Idea for the U.S. Companies to Invest in Dubai" Research Paper in a Bibliography
“Why it Is a Good Idea for the U.S. Companies to Invest in Dubai.” A1-TermPaper.com, 2010, https://www.a1-termpaper.com/topics/essay/invest-dubai/4502844. Accessed 4 Oct 2024.
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