The business setup scene in Dubai shows a brighter outlook for the upcoming months due to more projects and the seasonal tourism rise that will lead to stronger revenues.
BUSINESS GROWTH AND REVENUE PROJECTION OF DUBAI AND THE UAE
The Department of Economic Development (DED)’s quarterly review found that more than 88% of companies expect an increased growth in revenues throughout the rest of the year, as the government continues to settle varied initiatives to quicken economic growth and strengthen Dubai’s reputation as a business hub and top destination among foreign investors.
The services sector in Dubai continues to diversify and progressively improve efficiencies. Manufacturing, for instance, is one of the focus sectors in Dubai’s goal to become a global business hub and innovation centre.
There has been an increase from 112.7 points in Q2 2018 survey, to 118.5 points during Q3 2018 in terms of Dubai’s overall Business Confidence Index (BCI). This economic indicator measures the amount of optimism that entrepreneurs feel about their company’s future endeavors and state.