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The UAE is constructing a futuristic nation based on disruption and legacy, allowing future generations to capitalize on limitless prospects. The country has implemented new reforms and investor-friendly regulations that have compelled the global business world to take note of what the desert offers. The growth of the MICE business across the country demonstrates that individuals are networking in person while maintaining all safety precautions. From January to May 2022, Dubai received 6.17 million overnight visitors, with 707,000 overseas tourists from India.
According to statistics from the ‘Dubai FDI Monitor,’ backed by Magnitt, 84 Dubai-based firms successfully attracted Venture Capital (VC) Backed FDI totalling Dh2.34 billion in 2021.
“The Middle East area has gained enormous traction as both the UAE and Saudi are dedicated to diversifying and adapting new trends to establish an economy for future generations,” said Said El Saadi, director-general of the Australia Saudi Business Council. “Unlike in the past, I have seen a significant shift in how businesses are handled, with current technologies at the forefront. The new changes implemented across the GCC demonstrate that the region is serious about doing business.”
