Dubai is one of the fastest-growing cities globally; it hosts its most significant event, Expo 2020 Dubai. The meeting will take place in October 2020 and will end in April 2021. The six-month Expo will open up more business opportunities around the world and for many people.
More than two hundred countries are participating, and numerous multinational business partnerships are expected to emerge. The opening of the World Expo has opened up various opportunities for various business sectors.
There are many opportunities for business investors to take a step forward and start a business in the UAE. It cannot be obvious when it comes to choosing which company to start. Whether you are an entrepreneur or business owner dreaming of starting a business in Dubai but are unsure of what business area, this guide will list the top ten businesses you can consider.
As the number of tourists increases, so will the demand for hotel services. According to reports, 27,000 hotel rooms were added by 2018, and the number is expected to increase up to 91,000 by the end of 2019, providing accommodation services for 25 million tourists. This suggests that starting a hotel business will become a viable option due to the vast market demand.
Based on these facts, we can easily say that the demand for hotels is in full swing. After the 2020 World Expo, the Gulf hospitality market is about to undergo dramatic changes. Abu Dhabi’s goal is to become the hub of the hotel industry, and some of the reasons are mentioned here. Starting a hotel business in Dubai is the ideal choice nowadays. If you have an idea about it, then go for it.
As far as the UAE is concerned, tourism is one of the most influential business areas. According to the analysis, Expo 2020 is expected to attract 25 million tourists, which will take the tourism industry to the next level. Starting a tourism and tourism business in Dubai is easy, starting with obtaining a tourism permit issued by the Dubai Tourism Authority.
There are multiple reasons why investors continue to pursue this industry. If you have an idea to start a tourism business in Dubai, now is the best time to implement it.
3- Food and drinks
The following industry that will undergo massive changes along with the tourism and hospitality industry is the food and beverage industry. Whether it’s a small hotel, dining car, or large restaurant; The UAE has a place for everyone. Facts have proven that catering to such a large audience is an opportunity for commercial investors to start a catering business in Dubai.
The food and beverage industry is expanding its business exponentially, according to a report released by KPMG. Expo 2020 Dubai will have over 200 food and beverage outlets in an area of 30,000 square meters. Statistically, 85,000 meals will be served every hour. The exact numbers listed below will help you figure out how to start a restaurant business in Dubai before Expo 2020.
50% operational improvement and brand renewal
38% of new brands on the way
Will cover 38% of new markets and regions
Expansion of the existing distribution network 42%
It is clear from this that what kind of possibilities of the World Expo can be imagined. If you own a restaurant business and plan to expand, or an entrepreneur plans to open a hotel business in Dubai, now is the right time to move on.
Dubai is witnessing a paradigm shift in the entertainment industry. The large-scale unification of the world’s population under one roof will lead to tremendous changes in the entertainment industry. According to the report, the Dubai theme park industry is expected to generate US $ 5 billion in revenue by the end of 2020. In terms of visitor acquisition, the industry is expected to attract over 45 million visitors by 2021.
With the completion of the Warner Bros. in Abu Dhabi in 2018, an initiative emerged. The above statistics provide many options for business investors looking for opportunities in Dubai. If you plan to start a leisure or entertainment business in Dubai, now is the time to start implementing your business idea.
Expo 2020 will be a boon for SMEs as it will have a significant impact on SMEs. Dubai is a commercial and shopping center. More than 90% of registered companies are reported to be small and medium-sized enterprises. By 2020, SMEs in Dubai will see significant growth, which is expected to contribute 40% to the entire country’s economy.
Large corporate structures established in Dubai, including companies such as Dubai Real Estate, Emaar, DAMAC, etc., provide various opportunities for small businesses: 300,000 direct jobs and 1 million indirect opportunities. Speaking about Expo 2020, SME owners can pay attention to the following points:
Build relationships with buyers and buyers
Find yourself a competitive edge
Develop strategies to increase brand value, etc.
Given the above, small and medium-sized enterprises will be able to take advantage of the existence of Expo 2020 and use it to take their business to the next level. If you have an idea to open an SME in the UAE, take the registration step right now.
In terms of engineering creativity, Dubai is a great example. Facts have proven that the engineering umbrella is a vast umbrella that includes aviation, computing, construction, energy, healthcare, national defense, oil and gas, telecommunications, and other fields.
Expo 2020 will be a massive stage for the engineering industry because it will affect all other business sectors. Starting a business in the engineering industry will provide you with many opportunities to differentiate yourself in various business areas.
7- Real estate
As mentioned above, Expo 2020 Dubai is increasing the number of commercial organizations working in various fields and indirectly contributing significantly to the development of the real estate industry. Several commercial and residential complexes are being formed, which will require the real estate to create a commercial foundation.
More than 59,800 housing units are slated for delivery in 2019, according to a recent report. Dubai property satisfies global demand, which is an excellent opportunity for investors to start a real estate business in Dubai.
The partnerships expected to be established at Expo 2020 will bring renewed demand for commercial and residential developments. This expanded the scale of Dubai’s construction business, allowing them to participate in more projects.
The construction industry is expected to contribute AED 25.7 billion ahead of the show. To start a construction business in the UAE, you need to have a construction permit issued by the Dubai Economic Development Department (DED), which allows you to operate legally.
9- Consulting company
More and more companies in Dubai need consultants with marketing and financial experience to help grow the company and generate more profit. Subject matter experts and freelancers set up consulting companies to efficiently serve clients.
As the number of commercial structures is expected to increase by 2020, the demand for consulting will increase accordingly. If you are considering of starting a consulting company, you can do so by obtaining a consulting license.
In short, we can say that Expo 2020 provides a huge platform for business organizations to get up and do business. Business owners can choose from different business methods according to their preferences.
The next big industry is the cleaning industry, and there will be a lot of demand in the UAE during the 2020 World Expo. By the end of 2020, the sanitation industry is expected to grow from AED 80 billion to AED 300 billion, representing a significant 275% change. The demand for this industry, such as hotels, exhibition centers, commercial complexes, residential and commercial projects, will increase.
We can say that this is an open field for business investors and entrepreneurs who want to open a cleaning company in Dubai. The primary factor to consider is that you need to have a cleaning permit to do business with your company legally.
Regardless of the scale, Dubai is the perfect place to start a business. Starting the overseas company registration process may involve a unique document preparation process that must be followed accordingly. Initially, it is recommended that you seek help from a business consultant who can act as your guide and stand by your side to help you complete the process quickly.