The Middle East has already been renowned all over the world as a major place for carrying out business activities. However, among the many cities that make up this part of the world, Abu Dhabi is regarded as one of the most lucrative centers for running a business. Not only it is a great place to live, work and play but it also offers a ready infrastructure that can be conducive to the development of business interests. It is therefore no wonder that companies from all parts of the world choose to come and set up business operations in Abu Dhabi.
There are a number of factors that make Abu Dhabi, the capital city of UAE the number one Middle Eastern city to set up a business. These include easy availability of wealth, a ready market, great quality of life, labour rights, a fabulous culture as well as ease of carrying out business activities. These factors make it quite easy for national and international business firms to take advantage of the opportunities that are available here, as foreign company representation in Abu Dhabi is readily available. The people living in Abu Dhabi truly love a great life and so they are always open to spend more and get the best things that money can buy. Such a culture based on consumerism is also another big reason why it is best to form a company in Abu Dhabi.
The emirate and city of Abu Dhabi is a great choice for business owners to set up their operations in Middle East. Being the capital of UAE, the city of Abu Dhabi is also the main seat of Emirati government as well as the home to President of UAE, Mr. Khalifa bin Zayed Al Nahyan. This emirate independently boasts of one of the best and highest GDPs per capita all over the world. It is also the richest emirate of the country at the present moment. Abu Dhabi is widely held as a city of major economic importance. More than one trillion dollars is invested globally in this city on an annual basis, which currently makes it a major hotspot for eager investors who are looking for new entrepreneurs and markets from all parts of the world.
Like all the other Emirates of UAE, the city of Abu Dhabi has built its great wealth from its rich oil resources. Oil accounts for about 60% of the city’s GDP which is close to 165.9 billion USD. Currently, Abu Dhabi is undergoing a major shift from a traditionally oil and gas-based economy to become a more diversified economy with increased focus on real estate projects and tourism. Over the last few years, numerous major real estate projects have been developed in different parts of the city. Such real estate expansion makes Abu Dhabi one of the most expensive cities on a global scale. Moreover, Abu Dhabi is a duty-free and tax-free city, which makes it perfect for extensive trade. This is due to the fact that the emirate and city of Abu Dhabi repatriates all profits from an international or foreign company to its owners without holding back any of their revenues.