Sheikha Lubna Al Qasimi, UAE Minister of Economy, announced the launch of the "Investors' Guide to the UAE" - the Ministry's one-stop information source for business investors - at a press conference today morning. The annual guidebook highlights potential investment opportunities in different business sectors of the UAE and, at the same time, provides details of the legal requirements as well as up-to-date information for investors who intend to start a business in the country.
Sheika Lubna Al-Qasimi said this guidebook is a true attempt to compile all essential information concerning the UAE business environment in an easy-to-read format. Etisalat's sponsorship of the guide is symbolic of it's commitment towards the development of the business environment in the UAE, which is supported and encouraged through our world class state-of-the-art telecom infrastructure. Etisalat's network has propelled the UAE to be first among Arab nations in terms of Networked Readiness. The initiatives by the Ministry of Economy such as this guide will only enhance the investment and business opportunities in the UAE, and take the nation to greater heights on the international stage.
Published by Concept Media, the Investor's Guide to the UAE comprises eight chapters, each of which covers a different aspect of the UAE society and business environment.The first three chapters provide a macro-economic overview of the country as a whole, with details of federal government, business infrastructure, demographics, legal framework, education and health services.Chapter four sets out the essential steps needed to set up a company in the UAE, while chapter five offers a survey of each business sector and details of new developments in each emirate. Chapter six looks at the UAE's role in the Gulf Cooperation Council while chapters seven and eight suggest titles for further reading and provide useful contact addresses.The guidebook will be available on sale soon at leading outlets in the UAE and will also be extensively distributed in international markets. The UAE, recording the highest level of transparency among Arab countries according to the Berlin-based transparency international 2006's Corruption Perception Index, has witnessed a dramatic growth in its economy over the past few years. This has led to a vibrant and dynamic business environment, which is attracting foreign investors.
In 2006, the UAE recorded a nominal GDP (Gross Domestic Product) growth rate of 23.4% with an overall nominal GDP figure of AED599 billion, or around USD163 billion. The tremendous increase in foreign investment, is a major factor in the development of the UAE, and has paved the way for investment in future projects. The International Monetary Fund estimates that the net FDI (Foreign Direct Investment) inflows reached more than USD11 billion in 2005. According to approximate figures by the Central Bank of the UAE, the IMF figures for the FDI for 2006 were USD 12.8 billion compared with USD 9.2 billion in 2004. Source
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