Investors can now use a global network of 650 business centres to start a business in Dubai.
Dubai Investment Development Agency (Dubai FDI) and the US-based Alliance Business Centres Network (ABCN) have partnered in a global-first move to enable investors globally to start their business in Dubai without having to be in the UAE.
The partnership will enable investors overseas to use a network of 650 business centres spread across 85 cities in 45 countries to start a business in Dubai.
The initiative is part of Dubai FDI's continuing efforts to attract sustainable foreign investment in line with the goals of the Dubai Plan 2021 and promote the emirate as a competitive destination to do business.
Through the agreement, Dubai FDI seeks to attract international companies to Dubai and enable them grow and expand their business by leveraging a full range of professional services provided by ABCN.
The partnership comes at a time when global investors and major multinationals are looking to capitalise on the prospects in Dubai, including its vibrant lifestyle, modern facilities, cultural diversity and openness, in addition to the highly competitive business environment.
Known to be the largest global network of serviced offices, Alliance Business Centres is also one of the leading providers of investor and corporate services for more than 50,000 clients and manages 15 million sq ft of serviced offices worldwide.
Fahad Al Gergawi, CEO of Dubai FDI, said: “This initiative is in line with Dubai’s objectives to reach out to international investors and companies, remove hurdles for those looking to benefit from investment opportunities and economic development in Dubai, and sustain economic growth.
“Dubai's strategy, supported by free and open economies policies and competitiveness, allows companies to benefit from the movement of goods to various regional and international markets, which is positively reflected on the promotion of global trade.”
The business centres network will particularly cover GCC countries such as Saudi Arabia, Bahrain and Kuwait, in view of the close relationship between these countries and Dubai and the importance accorded to regional co-operation in the vision and directives of the UAE leadership, Al Gergawi stated.
Sherif Kamel, regional president, ABCN in RMEA, said: “The new strategic partnership will further stimulate economic activity, attracting new investors to capitalise on the opportunities in Dubai, which is emerging as a preferred global investment destination.”