Despite the region’s volatile social climate, doing business in the Middle East is a common target for international expansion. The region is home to nearly 400 million people and spans from Morocco to the Arabian Peninsula. It includes Iran, Egypt, Turkey, Iraq, the Gaza Strip and the United Arab Emirates. The Middle East’s unique market opens new doors for companies looking to target a diverse audience. Overall, the majority of the region’s people are Muslim (91%) and Arabic speaking (63%), but Dubai in the UAE is made up of residents from across the globe.
Dubai is the commercial hub of the United Arab Emirates (UAE). The success story of the last 30 years of Dubai, transforming from an oil-dependent semi-arid desert to one of the leading economic and innovation hubs in the world, is exemplary. Sundry investors and entrepreneurs flock every week to Dubai to set up their business here. This is owing to the emirate’s reputation of being a fertile ground for company setup, because of its commitment to sustainable development & economic diversification, progressive-minded government, and liberal corporate policies.
India is the world’s seventh-largest economy, sitting between France and Italy. Its GDP growth recently dipped to 5.7%; still, India is growing faster than any other large economy except for China. By 2050, India’s economy is projected to be the world’s second-largest, behind only China.