As marked by ‘Agility Emerging Markets Logistics Index 2018’, UAE has been placed first in the region and third in the world in terms of market accessibility, connectivity and ease of doing business. As per the report, UAE is the leading destination in the MENA (the Middle East & North Africa) region for quality of infrastructure, business conditions and specifically for the logistics industry.
The report says that the main reason that UAE has accomplished this status is the presence of a large number of free zones that are providing complete ownership of businesses and repatriation of profits. The review was made after taking into account 50 developing markets and several other recent developments in various parts of the country have likewise helped UAE to achieve this position.
Dubai Logistic Corridor has opened to associate different free zones and other main destinations
While the country is also moving ahead and growing in the non-energy economic sector which based on knowledge economies along with creating new jobs and attracting new investment. Other factors that are also contributing to the growth of UAE as a business hub and increasing its chances for becoming a preferred business location for entrepreneurs around the world are, UAE provides world-class facilities like modern telecommunication system, modern highway network, a major international airport (Dubai Airport), cargo village and strategically located seaports. This makes it an important location, along with the freedom, it also provides opportunities to growing businesses that make UAE an important and highly dependable business destination in the whole world and it is expected that the country will hold this position in the near future, also, due to its adoption of policies to overcome complete oil-dependency.