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The Non-Oil Sector in Dubai Met Significant Changes in June 2017

Written by: Editor

The Non-Oil Sector-in-Dubai-Met-Significant-Changes-in-June-2017.jpgThe businesses in the non-oil private sector in Dubai continue to flourish, according to statistics and to the tracker index for Dubai, which revealed that the economy developed quite promising in June this year. Entrepreneurs interested in starting their activities in the Emirates are advised to solicit legal support and information about the current legislation from our lawyers in Dubai. The same team can offer business consultancy once you have decided to set up your business in Dubai.

Top sectors with developments in June 2017 in Dubai

The tourism, the wholesale & retail field, and the construction sector are among industries with registered growth in June. There have been numerous improvements recorded in the general business environment in the non-oil private sector in Dubai, leading to a productive economy. According to the Economy Tracker inspection for June, it seems like the Dubai’s economy encountered new numbers (index rising at 56.5 in June this year) and developed quite well related to the same period last year (index at 55). The construction sector also met significant developments this year in June, as numerous projects in infrastructure have been successfully implemented in Dubai.
The entrepreneurs interested in doing business in Dubai have the possibility of analyzing the main sectors and to establish their activities. Our attorneys in Dubai are able to provide you with help and legal support if you want to set up a business.

Quick progress in the business activity in Dubai in the last months

The interesting projects in varied areas, the influxes of fresh trades, discounting schemes, and the marketing activities led to the development of the business environment in Dubai, helping the economy to meet new levels this year (3.7% economic growth). Also, the employment rose this year in June (50.7%), compared to the same period last year (49.9%), according to the latest numbers. The expectations for the next year are positive, if the same trends will be adopted with the help of proper actions like sale efforts, marketing strategies and business conditions improvements.
Entrepreneurs who are interested in making investments in the Emirates are invited to contact our law firm in Dubai for complete information about the legislation in this matter.


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