How is Dubai building a safe, secure and stable business hub?

Dubai has been ranked the 5th safest city globally and this safety is not just limited to criminal activities but also infrastructure that complies with safety guidelines and standards; instant access to emergency services; rules and laws in place to prevent accident occurrences; and many others.

Accordingly, these measures need to be maintained consistently to not only have residents protected but businesses as well. Additionally, businesses require an environment with political stability which UAE provides with its constant governance. The country is not democratic which means no election season disruptions, changing governments result in unstable policies and uncertain business conditions. 

Moreover, the UAE currency - Dirhams (AED) is pegged to the US dollar, this eliminates unexpected costs for international business transactions. This makes Dubai the perfect city for international businesses to expand. The UAE also caters to the new industries that are emerging from the economic diversification shift by updating international agreements and taking on new agreements as well.

Furthermore, the country even builds tailored infrastructure for new industries and keeps up with business trends including technological development and global sustainability. 

Dubai has allocated specific free zones for the technology industry, like Dubai Internet City, Dubai International Financial Center (DIFC) for FinTech startups and Dubai Media City for media companies. The city has initiated many ventures to promote sustainable development like the Dubai Clean Energy Strategy 2050 and Dubai Green Mobility Initiative.

Unlike many developing countries, that forego environmental concerns to achieve quick short-term success. UAE is in it for the long run and is maintaining its strategy for accommodating businesses from all over the world. According to the Ease of Business Index, Dubai ranks 16th globally for a business friendly environment.

The government authorities have incorporated digital friendly bureaucratic procedures for every stage of a business including formation and renewals. The convenient accessibility to legal processes also means instant protection from criminal offenders.

Dubai also has a well regulated job market with more than 200 nationalities having visa access to the country which has allowed businesses to access a diverse workforce whilst harnessing versatile talent and skills. The country has persisted with talent and skills retention by providing a 10-year Golden Visa for individuals with special talents and skills. This has not only equipped the country with great human labor but also a better chance at invention and creation. 

Since the country provides copyright, trademark and patent protections, innovators have found a safe and nourishing environment in Dubai. These are all the reasons Dubai is a top destination for businesses and Dubai definitely sets a blueprint for other cities to learn from. 

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