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Business Services in UAE
The service sector of UAE holds a significant dominance over the nation’s economy. After the oil sector, service sector ranks second in the contribution of UAE’s GDP. The main business services provided in UAE mainly includes marketing services, professional services, renting and leasing services as well as technical services. Other services like research and development, labour, recruitment and personnel services are also the significant part of this sector in UAE. The government has taken various measures to regulate the services sector. It allows total foreign ownership of companies in certain sub-sectors of the services sector. The recorded growth rates in business services sector of UAE is high which has provided great potential for investors. Business services will be a significant contributor for future economic growth as it is one of the burgeoning sector at a global level. Being the global business hub, Dubai is the leading emirate in business services sector. This industry relies on professional knowledge and expertise related to a specific technical or operational areas. The business services sector of UAE is dominated by small and medium-sized ventures with skilled employees. It is indirectly related to all the industrial sectors and thus, the significance of service sector plays a significant role in UAE’s economy. The growth of various other sectors like real-estate, manufacturing, banking and insurance, finance, etc. depends upon the business services sector. The sector is knowledge-intensive and its prosperity depends upon highly efficient workforce. 80% of the total population of UAE are the expatriates which includes labour as well as professionals. The government is focusing on training programmes to develop the workforce by investing in this sector. The business services sector being outsourced and the abundance of skilled workforce together influence great business opportunities in UAE.
Business Services
United Arab Emirates
3517
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