Abu Dhabi the capital of UAE is enhancing the development of various types of business industries. The government has also taken initiatives that attract both local and foreign investors. Conducting the world’s major event Dubia Expo 2020 and the increase in tourism are a few of the major reasons for the increase in prosperity in Abu Dhabi.
Why Abu Dhabi?
Abu Dhabi has the necessary infrastructure and services which results in an increase in business setup in this city. It attracts tourists from all over the world. Abu Dhabi is known for a luxurious life and is one of the richest in the Emirate. It is also increasing the growth of small and medium enterprises in the area. Economic stability, tax incentives, healthcare policies, etc are few of the reasons for business setup in Abu Dhabi
Types of business industries booming in Abu Dhabi:
1. Restaurant Business:
Opening a restaurant is one of the best types of business in Abu Dhabi, as the number of visitors are increasing and encouragement of the hospitality sector by the government of Abu Dhabi. Resturant which provides home-cooked food can be successful and also the attractive ambiance of a cafe/restaurant is always a good option.
2. Travel and Tourism business:
Abu Dhabi is investing in the travel and tourism sector. The total GDP is expected to rise at 5.1% GDP because of the travel and tourism sector by 2027. Hence travel and tourism can be one of the types of business entrepreneurs can opt for.
3. Health and Fitness:
Due to the fast-paced life in Abu Dhabi, everyone’s goal is to get fit and healthy. Because of which there is an increase in the number of health and fitness companies in the UAE.
The increased traffic from the tourism and hospitality sector has resulted in an increase in the retail business. Not just the physical stores but the virtual and e-commerce stores have also increased in Abu Dhabi. Hence Retail business is also one of the best types of businesses entrepreneurs can start in Abu Dhabi
5. Financial Services:
Financial service is an essential service that is required for all types of companies. Ranging from accounting, auditing to VAT and tax calculations, financial services is one of the booming business sectors in Abu Dhabi
6. Information Technology:
Information technology is the domain of innovation growing continuously. This sector has given birth to new technologies. Entrepreneurs can choose information technology as one of the types of business in Abu Dhabi.
Abu Dhabi the booming sector for businesses
Abu Dhabi is one of the fastest-growing and wealthy markets in the world. For an entrepreneur willing to start a business in this city, it is a viable location of choice. The business policies and setting up process is also simple and flexible.
MSZ Consultancy will help you in building your business in this booming economy. Our team of experts will guide you with the legal consulting services and help in company formation.