December Commerce 2013

Dubai Update
Welcome to the Dubai Commerce newsletter

Dubai has become the first city in the Middle East to host the World Expo 2020 after voting took place on 27 November in Paris. Bidding against Sao Paolo, Izmir and Ekaterinburg, the emirate won every round under the theme ‘Connecting Minds, Creating the Future’.

Expo 2020 will provide a unique platform for the global community to come together and explore creative and pioneering solutions to the three key drivers of global development: sustainability, mobility and opportunity. It is also a chance for the world’s nations to showcase their respective cultures through events and exhibitions.

The total investment in new infrastructure related to Expo 2020 is estimated at £4 billion. It will generate a projected 277,000 new jobs and 20 million tourists will visit, tripling tourism’s contribution to the emirate’s economy.

On winning the vote, Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Higher Committee commented ‘We will be delivering an exceptional Expo with a lasting legacy that will touch the lives of people across the globe for generations to come.’

Dubai’s balmy winter climate is perfect for outdoor dining. Here are 5 of our favourite options:

Enjoy a 6 course dinner amongst the rolling dunes of the Arabian Desert on the Platinum Dinner Safari.

Take in the magnificent views of the Burj Khalifa and Dubai Fountain at Zeta at the Address Downtown Dubai.

Soak up the stylish ambiance and dine on the beach at Eauzone at One&Only Royal Mirage.

Rare at Desert Palm overlooks the lush polo field and the dazzling Dubai skyline beyond.

Stroll out along the pier and dine on delicious seafood at Pierchic at Madinat Jumeirah.
Recent DTCM News and Other Dubai Events
Delayed building projects fast-tracked
A significant increase in new investor demand has seen a number of delayed building projects being revived. Dubai Land Department has been fast-tracking certain opportunities through the Tanmiya scheme, as well as ensuring end-user interests are protected.

20 - 25 projects a day are being monitored by a sub-committee, certifying investors in order to speed up the process. The sharp upturn in Dubai’s real estate momentum as well as strengthening economic indicators and investor confidence are the principle factors contributing to the revival.

DTCM Jersey event attended by Dubai Royalty
DTCM held an event in Jersey on 27 November in partnership with the Jersey Chamber of Commerce and Jersey Business.

Sheikh Mohammed Bin Maktoum Bin Rashid Al-Maktoum, Counsellor at the UAE Embassy in London opened the session, highlighting the strong relationship between the UAE and the Jersey governments.

How to get around Dubai

One of the best ways to familiarise yourself with the Dubai business scene is to visit a trade show. Some of the more prominent exhibitions are: Arab Health in January, Gulf Food in February, and the BIG 5 for construction in November.

The city has emerged as a major destination for hosting them, and boasts world-class conference facilities as well as excellent transport links and communications technology.

Take a look at the Dubai International Convention and Exhibition Centre for a list of shows that would benefit your business in expanding in the UAE, Middle East and beyond.

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Dubai Update is a digest of economic, industrial, commercial, travel and tourism and other news, some of which have appeared in the Dubai press. Items have not been independently verified by the Department. It is sent free of charge to organisations in the UK and Ireland wishing to keep abreast of major developments in Dubai.

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