Dubai announced it is launching a new initiative called ‘Dubai Global’, which will see 50 “integrated commercial representative offices” pop up across the world in 30 countries, with the aim of boosting the emirate’s status as a top business hub and helping its companies expand their operations. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, said in a statement: “Our goal is to globalise our national companies, attract global investments, and add new markets to our global business lines.”
The network will operate as part of Dubai Chambers in partnership with several government entities. The offices will provide specialised services, such as market research and the legislative and procedural aspects to help companies take correct decisions, as well as help “globalise” Dubai companies and promote their expansion in new markets.
The move comes when Dubai’s GDP rose 5.9% to AED 102 billion ($27.8 billion) in Q1 2022, emphasising the rapid growth of the emirate and its future plans.
Why it matters
The ‘Dubai Global’ initiative is part of a larger mandate to improve the city’s economy and attract investors and expats. Last month, the UAE announced it will introduce a new mandatory unemployment insurance scheme effective January 2023, as part of a larger directive to attract talent and investment. All this has come alongside a raft of new visas with simplified requirements.
