39
DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

Embed Size (px)

DESCRIPTION

DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?. ECONOMY. GDP 2008 $82.11 BILLION (SIMILAR TO KUWAIT AND PERU) DUBAI ’ S ECONOMY BUILT ON OIL INDUSTRY NOW ACCOUNTS FOR

Citation preview

Page 1: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

Page 2: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?
Page 3: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?
Page 4: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?
Page 5: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?
Page 6: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

ECONOMY

• GDP 2008 $82.11 BILLION (SIMILAR TO KUWAIT AND PERU)

• DUBAI’S ECONOMY BUILT ON OIL INDUSTRY• NOW ACCOUNTS FOR <6% OF REVENUES• 2% OF UAE GAS REVENUES• OIL EXPECTED TO BE GONE IN 20 YEARS

Page 7: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

ECONOMY

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

Page 8: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

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

Page 9: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

KEY ADVANTAGES

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

Page 10: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

KEY ADVANTAGES

GATEWAY TO A MARKET • LARGE - WELL ESTABLISHED TRADING LINKS WITH >1.5 BILLION PEOPLE IN THE REGION COVERING THE GULF, MIDDLE EAST/EASTERN MEDITERRANEAN, CIS, CENTRAL ASIA, AFRICA AND THE ASIAN SUB-CONTINENT

Page 11: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

KEY ADVANTAGES

• GROWING - INTERNATIONAL TRADE HAS >11% PER YEAR(AVG) SINCE 1988

Page 12: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

KEY ADVANTAGES

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

Page 13: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

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

Page 14: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

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

Page 15: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

KEY ADVANTAGESPOLITICAL AND ECONOMIC STABILITY:PART OF UAE LOW-CRIME AND POLITICALLY-STABLE COUNTRY• ALSO, THE UAE ENJOYS FINANCIAL AND MONETARY STABILITY

Page 16: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

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

Page 17: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

KEY ADVANTAGES• UP TO 100% FOR PROFESSIONAL

COMPANIES, BRANCHES AND REPRESENTATIVE OFFICES OF FOREIGN COMPANIES AND FREE ZONES ENTERPRISES

Page 18: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

KEY ADVANTAGESIII. 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).

Page 19: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

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

Page 20: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

KEY ADVANTAGESIV. 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

Page 21: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

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)

Page 22: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

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

Page 23: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

KEY ADVANTAGES

VI. HIGH QUALITY OF LIFE, EXCELLENT LIVING CONDITIONS•DUBAI’S 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

Page 24: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

KEY ADVANTAGES

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

Page 25: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

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 WORLD’S THIRD-LARGEST EXPORT AND RE-EXPORT CENTRE AFTER HONG KONG AND SINGAPORE.

Page 26: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

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

Page 27: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

ECONOMY

• GOV’T 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.

Page 28: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

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

Page 29: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

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%)

Page 30: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

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

Page 31: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

CONSTRUCTION

• PALM ISLANDS– MAN MADE ARCHIPELAGO (ISLANDS)

Page 32: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

CONSTRUCTION

• THE WORLD ISLANDS – COSTS $14 BILLION• AS OF 2011 ONLY ONE ISLAND OCCUPIED BY A

BUILDING (SHOW HOME)• 260 ISLANDS• CONSTRUCTION STOPPED• SINKING?

Page 33: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

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,

Page 34: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

CONSTRUCTION

• AQUARIUM AND UNDER WATER ZOO, • $20 BILLION MALL

Page 35: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

CONSTRUCTION

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

Page 36: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

CONSTRUCTION

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

Page 37: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?

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

Page 38: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?
Page 39: DUBAI – THE MOST IMPORTANT CITY IN THE WORLD?