The reliance on this location on the Persian gulf for both air and ship freight is expected to experience a 50% growth rate in the coming three years (Yoders, 2010). This will be reflected in an increase in investment for warehousing systems, supply chain management centers and the development of more efficient airline terminals specifically designed for the needs of air freight companies (Yoders, 2010). This will also translate into the need for greater services across the value chains of many of the world's most advanced and quickly changing industries, including the automotive industry (Sa Joe, 2006). A second example is that of professional services in construction and development (Donahue, 2007). Many American manufacturers have production centers in China and India, and need a more efficient route to European markets. The investments in supply chain infrastructure on the part of the UAE government are deliberately aimed at the needs of western nations (UAE Report, Q3, 2010). In effect, the UAE government is creating a state-of-the-art supply chain hub to rival any in the world, also offering tax-free export and outsourcing zones to attract investment. American companies whose supply chains and logistics systems stretch across China, Russia, and through North America can save days, even weeks of travel and delivery time using the Dubai centers for supply chain management. The potential for American companies to completely change the competitive dynamics of their companies is well within reach. Any American manufacturer who sells into Europe, the Middle East, Africa or Asia needs to consider Dubai as a potential supply chain hub.
Dubai's investments in two state-of-the-art airports, the free trade status granted freight carriers, and the development of tax incentives to foster new venture development all also show how committed the city and its supporting nation are to growing this area of the economy (UAE Report, Q3, 2010). For American companies looking to move a significant portion of their supply chain operations here, the financial advantages are very favorable.
A major concern for any company looking to relocate to Dubai, or create satellite offices and invest in the city is the availability and costs of healthcare for employees. Fortunately, Dubai has created an exceptional healthcare system that is 75% financed by the government and has over twenty hospitals throughout the region (CIA Research Division, The World Factbook, 2010). There...
Whereas the natural coastline of Dubai is constantly re-supplied with sand from the ocean currents, the artificially formed coastlines are continuously having their sands stripped away by the currents and deposited further downstream. This means that in order to preserve the Palm Island's beautiful shape, perpetual maintenance must be put into action. Ultimately, this means that the Dubai economy will fundamentally depend upon the flow of tourism because the
Dubai World, a venture funded by the emirate of Dubai, announced that it would place a six-month "standstill" on $4 billion out of $26 billion of its outstanding debt. The move had dramatic repercussions for global financial markets, and the rulers of Dubai needed to evaluate the best strategy with respect to how to proceed following the announcement. The decision had major ramifications for Dubai as a nation-state. Dubai's economic growth
Dubai In November, 2013, Dubai won the rights to the World Expo 2020, setting into motion a major project that will make a substantial contribution to Dubai's economy and be a catalyst for what the emirate hopes will be the continuation of the economic boom that began two decades ago. Dubai expects that the Expo 2020 will attract 25 million visitors to the emirate over the six months that the Expo will
Expo 2020 to Small Scale Business in United Arab Emirates The Expo 2020 will have an enormous economic impact on the Emirate of Dubai since they won the bid to host the convention. Dubai's is a nation with an economy that is not very diverse. The country depends on several factors to keep the economy stable, and these include tourism, the real estate sector, and the financial services sector. Due
From the 1950's to the present time the towns and villages have developed from a land of small oasis to that of a modern city with full functions as in any modern city. The infrastructure investment in this area comes to a total in excess of tens of billions of $U.S.. Housing construction has added 1000's of villas, low income dwellings as well as land parcels provided as grants to
3.2.3 Portfolio Diversification of Investment in Global Property Markets Because the global property markets are affected by globalization and specific country / regional factors, means that the overall amounts of risks will vary, the most notable include: transparency and efficiency. Where, each country / region has different on laws and regulations pertaining to the real estate markets. This means that the risks in a number of different markets will depend upon
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