Survey reveals many businesses in Dubai want to expand internationally

Survey reveals many businesses in Dubai want to expand internationally

August 22, 2016
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Many companies based in Dubai are seeking to expand their operations to various other markets in the world in the coming year in order to grow their headcounts.

Around 74 per cent of companies are now pursuing new markets in export according to a survey conducted by Citi banks with the help of YouGov. These companies that were surveyed said that they wish to expand into international offices and want to target export markets that will help them grow their businesses in the coming years. These results indicate that Dubai is a good place to conduct business.

66 per cent of people who part took in the survey said that they expect their businesses headcount to grow in the years to come.

Many Dubai based businesses also said when asked which market would be the most ideal to expand in, many said that they prioritise in finding a skilled workforce, political stability, and ease of doing business.

82 per cent of companies in the survey said that they were quiet confident about their economic future over the next two years. Many were also hopeful about the economic prospects of the Asia Pacific and the Middle East regions however they were very doubtful about Europe.

They survey was answered online and included 290 mid-market companies from Dubai, Istanbul, London and Moscow. These companies that were surveyed had a turnover from $50 million to $1 billion.

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Peninsula Business Solutions (PBS) Ltd was established in the UK in 2004 and licensed by the UK OFT (Office of Fair Trading) to provide Consumer Credit Services. We are regulated by the OFT and follow the strict guidelines provided by the UK FSA (Financial Services Authority). In 2007 PBS established a branch in the UAE which provided us international presence and the ability to expand and diversify our services along with our International network and affiliations. We specialise in providing high end professional consultancy on Company Registration in Dubai, company setup services across the UAE and Debt Recovery Services