By Aamir A. Rehman
Why Dubai? it has been referred to as the fastest-growing urban on earth-a hub for the Gulf quarter experiencing extraordinary progress in power, monetary providers, client items, hospitality, retail, genuine property, expertise, delivery, and numerous different industries. in response to international strategist and consultant to Fortune 500 businesses Aamir A. Rehman, no really worldwide enterprise can find the money for to disregard the booming Gulf zone. the main, although, is to strategy the zone with savvy innovations for coping with dangers and disadvantages, whereas crafting enterprise versions designed for this certain marketplace. Welcome to Dubai & Co. This up-close, in-depth consultant may also help you to: Deepen your realizing of a sector of serious value to international enterprise switch your perceptions in regards to the Gulf states and the wider center East Create company techniques that suit your enterprise and the quarter extend your overseas enterprise to make it speedier, larger, and higher entry Gulf capital extra successfully, allowing enlargement and producing either neighborhood and international gains This crucial hands-on ebook will provide help to effectively navigate the region's most fascinating markets: the UAE, Saudi Arabia, Qatar, Bahrain, Kuwait, and Oman. you will study the major features of every country-historical, demographic, political, fiscal, and regulatory-in order to evolve your small business to every designated surroundings. you are going to pay attention tales of significant businesses that lead the way in your good fortune. no matter if you are already doing enterprise within the heart East or simply brooding about increasing your organization into new markets, Dubai & Co. is the correct advisor to 1 of the best development possibilities on this planet.
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Extra info for Dubai & Co.: Global Strategies for Doing Business in the Gulf States
Reality: Gulf consumers embrace global brands and products. They will buy from a multinational if its offering best meets their needs. Another common misconception about the GCC—and about the Middle East in general—is that consumers are somehow averse to global brands, especially those from the United States. Some business leaders, subscribing to the view that most people in the Arab world “hate us,” assume that Western brands will not be accepted and therefore attempting to enter the market is futile.
Governments across the GCC have recognized the importance and urgency of developing other sectors, such as infrastructure and services, that will lead to more competitive and sustainable economies. Simply put, GCC governments know that they must diversify their economies if they are to survive in the long run. The GCC’s oil reserves—plentiful as they are—will not last forever. The reserves of Bahrain, for example, have been estimated to last for only another 10 years. Dubai’s position is similar.
The Secretariat-General is based in Riyadh. Unlike the EU, whose central agencies and departments play a more crucial role in the lives of member countries, the GCC is a relatively flexible association that reflects a spirit of cooperation and common identity. The GCC union has been strongest so far in its economic actions. A common Customs Union over time was agreed to be phased in 2003, stimulating the free flow of goods among the GCC member states. Tariffs on non-GCC imports were envisioned by the Union to be standardized.
Dubai & Co.: Global Strategies for Doing Business in the Gulf States by Aamir A. Rehman