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João Paulo PaixãoHead of International Office – Latin America (Brazil) Dubai Chamber of Commerce and Industry
Dubai: a global trade hub for goods and services
November 2017
UAE & Dubai Business Climate
UAE & Dubai Business Climate
IN ARAB WORLD FOR DOING BUSINESS1st
UAE
• Trade share of GDP 30%
• Reached $349bn in 2015
TRADE IS THE BIGGEST CONTRIBUTOR
TO DUBAI’S GDP
SUSTAINED GROWTH IN TOURISM AND HOSPITALITY
• 14.2m visitors in 2015 (growth 7.5%)
• 676 hotels – 102,845 rooms
• 4,457 new rooms in 2016
• 139 new hotels by 2017
• 20m tourists by 2020
WORKING TOWARDS EXPO 2020
IN GLOBAL COMPETITIVENESS17th
IN EASE OF DOING BUSINESS21st
DUBAI
3rdMOST BUSINESS FRIENDLY CITY
MOST INFLUENTIAL CITY IN THE WORLDTop 10
KEY SECTORS / HIGHLIGHTS
• $9 billion investment on infrastructure
development & operation
• 100% increase in number of hotel
rooms in 5 years
• 25m million visitors
Doing Business in the UAE
Ranking of Ease of Doing Business of GCC, 2018,
(out of 190),
Source: DCCI, World Bank Doingbusiness
102
94
83
66
63
21
Kuwait
Saudi Arabia
Qatar
Oman
Bahrain
UAE
62
52
44
30
25
Oman
Kuwait
Bahrain
Saudi Arabia
Qatar
Ranking of Global Competitiveness Index of GCC, 2018,
(out of 138)
UAE 17
Source: DCCI, World Economic Forum
Ranking of Global Retail Destination Index, 2016
Source: DCCI, Global Innovation Index
Innovation and retail in the UAE
77
66
56
55
49
35
Ranking of Global Innovation Index in GCC, 2017, (out of 128)
UAE
Qatar
Saudi Arabia
Kuwait
Bahrain
Oman
1
2
3
4
5
6
7
Source: DCCI, Savills
New York
London
Honkong
Dubai
Singapore
Paris
Milan
0
20
40
60
80
100
120
2014 2015 2016e
Source: Dubai Chamber, Dubai Statistics Center
2011 2012 2013
Source: Dubai Chamber, Dubai Statistics Center
CAGR: 3.8%
Dubai’s Historical GDP Performance (USD bn)
Dubai EconomyOverview
• Dubai GDP (at constant prices): US$ 102.3 bn (+2.7%)
US
Db
illio
n
Dubai’s Sectorial Size and Performance(2016e)
Dubai EconomySectoral Performance
Note: other services and activities are not shown in the table
Source: Dubai Chamber, Dubai Statistics Center
Notes: All figures in this report are provided at constant prices.
2016 figures are annualized estimates of Dubai Chamber based on DSC data for the first 9 months of 2016.
Sectors Value Added ($ mn)CAGR
(2011-16)
TOTAL 101,752 3.8%Wholesale and retail trade 28,046 3.3%
Transportation and storage 12,303 5.3%
Financial and insurance activities 10,815 1.5%
Manufacturing 10,198 4.7%
Construction 6,775 -0.1%
Real estate activities 6,661 4.0%
Public administration and defence 5,202 3.1%
Accommodation and food services 4,795 7.0%
Information and communication 3,949 6.0%
Professional / technical services 3,444 4.2%
Administrative and support service 2,574 3.3%
Electricity, gas, steam and AC 2,541 7.0%
Mining and quarrying 1,764 3.9%
Human health and social work 1,067 10.0%
Education 670 11.1%
Activities of households as employers 538 3.7%
Arts, entertainment and recreation 241 12.1%
Agriculture, forestry and fishing 132 1.1%
Water supply; waste management 37 8.2%
Selected Sectors Value Added ($ mn)CAGR
(2011-16)
Subtotal 59,620Wholesale and retail trade 28,046 3.3%
Transportation and storage 12,303 5.3%
Manufacturing 10,198 4.7%
Accommodation and food services 4,795 7.0%
Electricity, gas, steam and AC 2,541 7.0%
Human health and social work 1,067 10.0%
Education 670 11.1%
Selected Sectors (2016e)
Source: Dubai Chamber, Dubai Statistics Center
Dubai EconomyOverview
CHINA19%
USA9%
INDIA7%
GERMANY6%
JAPAN5%
VIETNAM4%
SOUTH KOREA
3%
UK3%
ITALY2%
FRANCE2%
Others40%
SWITZERLAND14%
INDIA9%
OMAN6%
SAUDI ARABIA6%
TURKEY5%
IRAQ5%
SINGAPORE4%
USA4%
KUWAIT3%
HONG KONG2%
Others42%
IRAN13%
SAUDI ARABIA11%
INDIA9%
IRAQ6%
BELGIUM5%
HONG KONG
5%USA4%
KUWAIT4%
OMAN3%
QATAR3%
Others37%
ExportsImports Re-exports
USD 348 bn in 2016 in non-oil trade with the world being: USD 219 bn in imports USD 39 bn in exports USD 90 bn in re-exports
LogisticsOverview Dubai Logistics Sector Value Added
(USD bn)
US
Db
illio
n• Sector GDP: US$ 12.3 bn• 4.5% growth in 2016• Average growth of 6.6% per year since 2011
o Jebel Ali Port will be connected to the GCC rail network(Etihad rail) by 2021, providing unparalleled reach forDubai’s supply chain industry;
o Smooth and quick movement of cargo between Jebel AliPort and Al Maktoum International Airport is madepossible through a single customs zone: SEA – AIRLogistics Corridor;
o Al Maktoum Airport is being expanded to reach anannual capacity of about 220 million passengers to hostEmirates Airline by 2025;
0
2
4
6
8
10
12
14
16
18
2011 2012 2013 2014
Source: Dubai Chamber, Dubai Statistics Center
2015 2016e
CAGR: 6.6%
LogisticsOpportunities
The new SEA – AIR Logistics Corridor links Jebel Ali Port with Al Maktoum International Airport,creating lucrative opportunities in warehousing and freight forwarding.
Air TransportationBusiest Airports in the World (2005-16)
Source: Dubai Chamber, Dubai Statistics Center
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
90,000,000
100,000,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Hartsfield-Jackson AtlantaInternational Airport
Beijing Capital International Airport
Dubai International Airport
Los Angeles International Airport
Tokyo International Airport
Pass
enge
rs
Innovation
25% of the police force comprised by roboticofficers by 2030;
Wearing a police cap and moving on wheels,the robot features a computer touch-screenon its chest that can be used to report acrime or inquire about speeding tickets;
At 1.70m tall and weighing 100kg, it canspeak six languages and is designed to readfacial expressions;
The robot, to be deployed mainly at touristspots, is equipped with a camera thattransmits live images to the operations roomand it can identify suspects wanted by police;
Free Zones in Dubai
Specializations
Benefits
• 100% foreign ownership and repatriation of capital• No income, corporate, import or export tax;• One-stop-shop administration services;• Access to consumers of MENA, CIS and India;• Stable and clear regulation;• Access to pool of talented professionals;
• Services: Trading, Finance, IT, Education, Research, Health, Logistics, Media, Movie production, Printing, Design, Packaging, Humanitarian hub and etc.;
• Industry: Precious metals, Food and Beverage, Textile, Machinery, Energy;
Restrictions
• Free Zone company can not trade directly with UAE market (only through locally appointed distributors);
• Custom Duty of 5% is applicable for trading with Dubai custom territory;
• Employees with free zone visa can work only from the company’s offices;
27
Number
1. Dubai Airport Free Zone
2. Dubai Auto Zone
3. Dubai Cars and Automotive Zone
4. Dubai Design District
5. Dubai Flower Centre
6. Dubai Gold and Diamond Park
7. Dubai Healthcare City
8. Dubai Industrial City
9. Dubai International Academic City
10. Dubai International Financial Centre
11. Dubai Internet City
12. Dubai Knowledge Park
13. Dubai Logistics City
14. Dubai Maritime City Authority
15. Dubai Media City
16. Dubai Multi Commodities Centre
17. Dubai Outsource Zone
18. Dubai Science Park
19. Dubai Silicon Oasis
20. Dubai Studio City
21. National Industries Complex
22. Dubai Textile City
23. Energy and Environment Park
24. International Humanitarian City
25. Jebel Ali Free Zone Authority
26. Jumeirah Lakes Towers Free Zone
27. Dubai Production City
Dubai Free Zones
Areas 2021 Targets
Renewable EnergyIncrease share of clean energy contribution from 0.23% (2015 report) to 27%.
TransportIncrease Logistic Performance Index rank from 13(2016 report) to among top 10 countries.
EducationReach World Class Education Standards and apply Smart system as well as devices.
HealthIncrease Health Quality Index rank from 28 (2016report) to 20.
TechnologyIncrease Network Readiness Index rank from 26 (2016 Report) to among top 10 countries.
WaterIncrease desalinization of water and waste water treatment.
Space Mission to Mars and build city in Mars by 2117 year.
Emerging Industries of the UAEUAE Vision 2021
World Expos (1851-2020)
World Expo 2020 – Dubai, UAEConnecting minds, creating the future
Date
20 October 2020-10 April 2021
Expected 25 million visitors
30%Regional
70%International
Location
Dubai South district- 438 ha site
Capacity to accommodate up to 300,000 visitors per day
Business Opportunities
Procurement Portal
Business Connect
SME Online Marketplace
8,326Local and
International Companies
3,167SMEs
World Expo 2020 – Dubai, UAEConnecting minds, creating the future
Procurement Portal: https://esource.expo2020dubai.ae/esop/uae-e20-host/public/web/login.jst
World Expo 2020 – Dubai, UAEConnecting minds, creating the future
DubaiMain advantages
• Dubai represents a fertile ground for investors and traders to develop their presence in UAE, GCC, MENA and the entire world, supported by the following facts:
Friendly business environment, with tax free treatment;
Costs of trade: among the cheapest in the world;
Proximity: links the 2 booming continents of Asia and Africa;
Advanced and large scale infrastructure: ports, airports, roads, and soon rails;
27 different free zones;
Numerous free trade and double taxation avoidance agreements;
Leading financial, touristic, industrial, and innovation hub in Middle East;
Long-Term strategic vision;
Dubai-Argentina
Potential Synergies: Argentina-UAE
USD 188 mn (2016): non-oil trade with Dubai Cereales (maíz, cebada y mijo) Torta de soya Cacahuetes, semilla de girasol, alfafa Peras, mandarinas, manzanas, cerezas, limones
Potential Synergies: Argentina-UAE
-
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
300,000,000
2011 2012 2013 2014 2015 2016
Argentina's Exports to Dubai
Others
Preparations of vegetables,fruit, nuts, other parts ofplanEdible fruit and nuts, peelof citrus fruit or melons
Oil seeds, oleaginous fruit,industrial or medicinalplantsResidues and waste fromfood industries, preparedanimal foodCereals
2011 2016Articles of iron & steel 23% 11%
Cosmetics 24% 0.3%
Soya been oil 25% 6%
Potential Synergies: Argentina-Dubai
Ranked # 106 on Dubai’s trading list partners
24 Argentinian companies registered with Dubai Chamber and operate in Dubai.
Key investment sectors include Logistics, Renewable energy, Tourism, Agribusiness and manufacturing/mining
Scope of Dubai-Argentina trade has expanded beyond agricultural commodities and foodstuff to other categories such as machinery, metals, and chemical products.
Emirates Airlines flies to Buenos Aires and DP World operates the Terminales Rio de la Plata in Puerto Nuevo
Potential Synergies: Argentina-UAE
Dubai Chamber aims to increase Latin America’s share of Dubai’s total foreign trade from 3% to 6% over the next 3 years
Dubai Chamber led trade mission to Argentina in April 2017 where UAE delegations met with Argentina’s Vice President H.E. Gabriela Michetti and other key stakeholders from the country’s public and private sectors
Dubai Chamber recently announced plans to open a new representative office in Buenos Aires, Argentina, which will become the Chamber’s 2nd office within Latin America
Dubai Chamber of Commerce & Industry
A non-profit public organization
Founded in 1965
210,000 members
8 offices overseas
Mission: to represent, support and protect the interests of the business community in Dubai
Dubai ChamberValue Proposition
Dispute resolution(mediation and arbitration);
Issuing certificates of origin & ATA Carnets;
Legal services;
Receiving foreign commercial delegations & sending delegates abroad;
Organizing trade fairs & economic forums;
Organizing training programmes for entrepreneurs;
Serving business groups & councils;
Providing credit rating services;
Business matchmaking services;
Access to updated market intelligence reports;
Support for start-ups and foreign companies on how to open a business in Dubai;
Dubai ChamberInternational Offices
10
7
Existing Offices
Future Offices
9
11
5
1
84
6
2
3
AzerbaijanBaku
BrazilSao Paulo
ArgentinaBuenos Aires
ChinaShanghai
EthiopiaAddis Ababa
GhanaAccra
IndiaMumbai
IraqErbil
MozambiqueMaputo
NigeriaAbuja
KenyaNairobi
7
8
9
10
11
1
2
3
4
5
6
Dubai ChamberEvents: Global Business Forum – Latin America
Opportunities to:
Attend the event and meet +500CEOs, investors and governmentauthorities from Latin America andthe Middle East
Speak at the event and debate withthe current most influential thinkersand businessmen
Sponsor the event and promote yourbrand to top businessmen,government entities and the MiddleEast media
February 27th – 28th, 2018 (4 days after Gulfood Exhibition)http://www.gbflatinamerica.com/
Thank You
João Paulo PaixãoHead of Dubai Chamber International Office – Latin America (Brazil)
[email protected](+55) 11 2246-2938
(+55) 11 9-8532-0744Website: www.dubaichamber.com