DUBAI

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DUBAI THE MOST IMPORTANT CITY IN THE WORLD?
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ECONOMY

• GDP 2008 82.11 BILLION (SIMILAR TO KUWAIT AND
  PERU)
• DUBAIS ECONOMY BUILT ON OIL INDUSTRY
• NOW ACCOUNTS FOR lt6 OF REVENUES
• 2 OF UAE GAS REVENUES
• OIL EXPECTED TO BE GONE IN 20 YEARS

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ECONOMY

• REAL ESTATE CONSTRUCTION - 22.6
• TRADE 16
• ENTREPOT (WAREHOUSE) 15
• FINACIAL SERVICES 11
• TOURISM - 10

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ECONOMY

• TOP EXPORTS TO INDIA (5.8 BILLION), SWITZERLAND
  (2.37 BILLION) SAUDI ARABIA (0.57 BILLION)
• TOP IMPORTS ARE FROM INDIA (12.55 BILLION), IRAN
  (5.8 BILLION), IRAQ (2.8 BILLION) U.S. (7.57
  BILLION)
• INDIA (AS OF 2009) DUBAI LARGEST TRADE PARTNER

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KEY ADVANTAGES

• I. STRATEGIC LOCATION BETWEEN THE FAR EAST AND
  EUROPE ON THE EAST-WEST AND AFRICA ON THE
  NORTH-SOUTH AXIS

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KEY ADVANTAGES

• GATEWAY TO A MARKET ?? LARGE - WELL ESTABLISHED
  TRADING LINKS WITH gt1.5 BILLION PEOPLE IN THE
  REGION COVERING THE GULF, MIDDLE EAST/EASTERN
  MEDITERRANEAN, CIS, CENTRAL ASIA, AFRICA AND THE
  ASIAN SUB-CONTINENT?

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KEY ADVANTAGES

• ? GROWING - INTERNATIONAL TRADE HAS ? gt11 PER
  YEAR(AVG) SINCE 1988 ?

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KEY ADVANTAGES

• ? PROSPEROUS - AMPLE SUPPLIES OF CHEAP ENERGY
  AND PRIMARY ALUMINUM ALSO ADJACENT TO MAJOR
  REGIONAL SUPPLIERS OF VITAL AGRO-EXPORT
  COMMODITIES?.

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KEY ADVANTAGES

• ? DIVERSIFIED - VARIED AND SIGNIFICANT IMPORT
  REQUIREMENTS GENERATE OPPORTUNITIES FOR PRODUCT
  SUPPLIERS AND RE-EXPORTERS
• OPEN - NO EXCHANGE CONTROLS, QUOTAS OR TRADE
  BARRIERS?

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KEY ADVANTAGES

• ?? ACCESSIBLE - SERVED BY OVER 120 SHIPPING
  LINES AND LINKED VIA 85 AIRLINES TO OVER 130
  GLOBAL DESTINATIONS?

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KEY ADVANTAGES

• POLITICAL AND ECONOMIC STABILITY
• PART OF UAE ? LOW-CRIME AND POLITICALLY-STABLE
  COUNTRY
• ALSO, THE UAE ENJOYS FINANCIAL AND MONETARY
  STABILITY

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KEY ADVANTAGES

• THE GOVERNMENT HAS A LONG, CONSISTENT COMMITMENT
  TO PRO-BUSINESS, LIBERAL ECONOMIC POLICIES
  INCLUDING THE PROTECTION OF PROPERTY RIGHTS.
  FOREIGNERS ARE PERMITTED OWNERSHIP RIGHTS OF UP
  TO 49 FOR LIMITED LIABILITY COMPANIES ESTABLISHED

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KEY ADVANTAGES

• UP TO 100 FOR PROFESSIONAL COMPANIES, BRANCHES
  AND REPRESENTATIVE OFFICES OF FOREIGN COMPANIES
  AND FREE ZONES ENTERPRISES?

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KEY ADVANTAGES

• III. OPEN AND FREE ECONOMIC SYSTEM NO DIRECT
  TAXES ON CORPORATE PROFITS OR PERSONAL INCOME
  (EXCEPT FOR OIL COMPANIES THAT PAY A FLAT RATE OF
  55 AND BRANCHES OF FOREIGN BANKS THAT PAY A FLAT
  RATE OF 20 ON NET PROFIT GENERATED WITHIN
  DUBAI).

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KEY ADVANTAGES

• CUSTOMS DUTIES 4 WITH MANY EXEMPTIONS,
• 100 REPATRIATION OF CAPITAL AND PROFITS IS
  PERMITTED, THERE ARE NO FOREIGN EXCHANGE
  CONTROLS, TRADE QUOTAS OR BARRIERS
• LIBERAL VISA POLICIES PERMIT EASY IMPORTATION OF
  EXPATRIATE LABOR OF VARIOUS SKILL LEVELS FROM
  ALMOST ALL OVER THE WORLD CANADA

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KEY ADVANTAGES

• IV. WORLD CLASS INFRASTRUCTURE AND SERVICE SECTOR
• HEAVY INVESTMENT IN TRANSPORT, TELECOMMUNICATIONS,
  ENERGY AND INDUSTRIAL INFRASTRUCTURE HAS ENABLED
  IT TO HAVE ONE OF THE BEST INFRASTRUCTURE
  FACILITIES IN THE WORLD

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KEY ADVANTAGES

• 21 SPECIALIZED FREE ZONES OF INTERNATIONAL
  DISTINCTION
• TWO WORLD CLASS SEAPORTS
• A MAJOR INTERNATIONAL AIRPORT (WITH A NEW ONE
  CURRENTLY BEING BUILT - UPON COMPLETION WILL BE
  THE BIGGEST AIRPORT IN THE WORLD)
• CARGO VILLAGE, A MODERN HIGHWAY NETWORK (AND AS
  OF END OF 2008 A DRIVERLESS METRO SYSTEM AND
  UPGRADED PUBLIC BUS TRANSPORT SYSTEM)

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KEY ADVANTAGES

• V. COMPETITIVE COST STRUCTURE
• NO FOREIGN EXCHANGE CONTROLS
• NO TRADE BARRIERS OR QUOTAS
• COMPETITIVE IMPORT DUTIES (5 WITH MANY
  EXEMPTIONS)
• COMPETITIVE LABOR COSTS LABOR FORCE IS
  MULTI-LINGUAL AND SKILLED
• COMPETITIVE ENERGY COSTS
• COMPETITIVE REAL ESTATE COSTS
• NO CORPORATE PROFIT OR PERSONAL INCOME TAXES

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KEY ADVANTAGES

• VI. HIGH QUALITY OF LIFE, EXCELLENT LIVING
  CONDITIONS
• DUBAIS PRIVATE SECTOR HAS INVESTED HEAVILY IN
  REAL ESTATE SUCH AS HOTELS, RESIDENTIAL AND
  COMMERCIAL PROPERTIES, RECREATIONAL AND LEISURE
  FACILITIE
• LOW CRIME, CLEAN ENVIRONMENT, TOLERANCE AND
  CULTURAL DIVERSITY, COSMOPOLITAN LIFE STYLE,
  MODERN PUBLIC ADMINISTRATION, AVAILABILITY OF A
  WIDE RANGE OF CONSUMER GOODS AND SERVICES

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KEY ADVANTAGES

• VII. STRONG LOCAL COMMERCIAL TRADITION AND WIDE
  CHOICE OF POTENTIAL BUSINESS PARTNERS

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KEY ADVANTAGES

• VIII. EXTENSIVE FOREIGN TRADE NETWORK MAJOR
  ACHIEVEMENTS IN EXPORT AND RE-EXPORT PERFORMANCE
• EXTENSIVE FOREIGN TRADE NETWORK EXTENDING TO 179
  STATES THUS OFFERING EXTENSIVE CHOICE OF
  POTENTIAL GLOBAL MARKETING OUTLETS
• PART OF THE WORLDS THIRD-LARGEST EXPORT AND
  RE-EXPORT CENTRE AFTER HONG KONG AND SINGAPORE.

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KEY ADVANTAGES

• IX. RAPIDLY DEVELOPING MANUFACTURING SECTOR
  PRODUCING A WIDE RANGE OF HIGH QUALITY,
  COMPETITIVE EXPORT PRODUCTS
• ALUMINUM INGOTS, FABRICATED METAL PRODUCTS,
  TEXTILES AND READY-MADE GARMENTS, GOLD AND
  JEWELLERY, PREPARED FOODSTUFFS, CONSUMER
  ELECTRONICS, REFINED PETROLEUM, CHEMICAL AND
  NON-METALLIC MINERAL PRODUCTS

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ECONOMY

• GOVT DECISION TO SHIFT FROM RELIANCE ON OIL TO
  SERVICE TOURISM- ORIENTED CITY (2004-2006)
• 2007 RANKED 8TH AS MOST VISITED CITY 6.54
  MILLION
• EXPECTED TO ? TO 15 MILLION TOURISTS BY 2015
• LARGE SCALE DEVELOPMENT PROJECTS ? TO TALLEST
  SKYSCRAPERS DEVELOPMENT PROJECTS IN THE WORLD.

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CONSTRUCTION

• EMIRATES TOWERS EMIRATES OFFICE TOWERS (1,165
  12TH TALLEST BUILDING IN THE WORLD) JUMEIRAH
  EMIRATES TOWERS HOTEL (1,014 29TH TALLEST
  BUILDING IN THE WORLD)
• COST 1.8 BILL
• COMPLEX 42 ACRES
• GARDENS, LAKES,
• WATERFALLS,
• AND PARKING FOR 1800
• CARS

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CONSTRUCTION

• BURJ KHALIFA TALLEST BUILDING IN THE WORLD
  (2,717)
• 1.5 BILLION COST
• RENT SQ. FT. 4,000
• RESIDENCES SOLD FOR
• 3,500 FOR SQ. FT.
• 900 APARTMENTS 825 STILL
• EMPTY (PRICE ? 40)

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CONSTRUCTION

• PALM ISLANDS MAN MADE ARCHIPELAGO (ISLANDS)
• PALM JUMEIRAH 2,500 APARMTMENTS, 1,140 VILAS,
  32 HOTELS 12.3 BILLION
• PALM JEBEL ALI 50 LARGER THAN JUMEIRAH 6
  MARINAS, WATER PARK, SEA VILLAGE, HOMES BUILT ON
  STILTS
• PALM DEIRA 8 TIMES LARGER THAN JUMEIRAH,
  INTENED TO HOUR 1 MILLION

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CONSTRUCTION

• PALM ISLANDS MAN MADE ARCHIPELAGO (ISLANDS)

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CONSTRUCTION

• THE WORLD ISLANDS COSTS 14 BILLION
• AS OF 2011 ONLY ONE ISLAND OCCUPIED BY A
  BUILDING (SHOW HOME)
• 260 ISLANDS
• CONSTRUCTION STOPPED
• SINKING?

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CONSTRUCTION

• THE DUBAI MALL LARGEST (BY AREA) IN WORLD (6TH
  BY GROSS LEASABLE AREA)
• 20 BILLIOIN COMPLEX
• 1,200 SHOPS (2008 600 RETAILERS)
• 10-15 MALLS WITHIN MALLS
• 2009 37 MILLION VISITORS
• 2010 47 MILLION (27?) DEPISTE EC
• ATTRACTIONS SEGA INDOOR THEME PARK, KIDZANIA,
  22 SCREEN CINEPLEX, 160 FOOD AND BEVERAGE
  OPTIONS, 250 ROOM HOTEL, 120 RESTAURANTS AND
  CAFES, ICE RINK,

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CONSTRUCTION

• AQUARIUM AND UNDER WATER ZOO,
• 20 BILLION MALL

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CONSTRUCTION

• HYDROPOLIS UNDERWATER HOTEL AND RESORT
• PROPOSED PROJECT
• COST - 300 MILLION
• TARGET TO OPEN 2006 ? 2010 NO CONSTRUCTION

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CONSTRUCTION

• SKI DUBAI
• INDOOR SKI RESORT
• 60M HIGH INDOOR MOUNTAIN (5 SLOPES OF VARYING
  STEEPNESS AND DIFFICULT)
• 400 MILLION

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• DUBAILAND VIEWED AS A SEPARATE CITY
• ESTIMATED COST 325 BILLION
• AREA 3 BILLION SQ. FT
• 7 THEMES (THEMEPARKS, CULTURE ART), SCIENCE
  PLANETARIUMS, SPORTS SPORTS ACADEMIES, WELLBING
  HEALTH, SHOPPING RETAIL AND RESORTS HOTELS
• 45 MEGAPROJECTS AMD 200 SUB-PROJECTS
• TO-DATE 22 PROJECTS UNDER CONSTRUCTION
• 3 ATTRACTONS OPEN (NOT COMPLETE) DUBAI MOTOR
  CITY, GLOBAL VILLAGE, AL SAHARA DESERT RESORT

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