The trade connection between the UAE and the UK is improving. British businesses are empowered to search for new investments in the UAE, while UAE investors are doing the same in the post-Brexit world. The UAE is the Middle East nation that draws the most foreign direct investment from the UK. Brits who want to invest in a company in the UAE need a UK certificate attestation in Dubai.
Different sectors for Business opportunities in UAE
- Education sector – One of the UAE government’s key focuses is the education sector. The Ministry of Education devised the 5-year Education 2020 strategy to significantly improve the quality of the educational system. The federal budget for 2020 includes AED 10.41 billion for the education sector. Demand for British curriculum schools is high. Working with KHDA and ADEC, the Department of International Trade (DIT) in the UAE is bringing accredited British schools to the country. For British educational institutions, suppliers, and service providers, the UAE continues to provide significant potential, and the nation is now accepting additional schools as the demand is anticipated to soar. For investors and business owners in the UK, the education and training sector is one of the best sectors.
- Healthcare industry – The Middle East is experiencing a boom in healthcare opportunities, and predictions indicate that by 2023, the UAE’s spending on healthcare would increase from $17 billion in 2017 to $21.3 billion. This expansion is being fueled by several variables, including rising lifestyle disease prevalence, high per capita income, increased health awareness, and population growth. the preference for prevention and well-being over straightforward treatment. This opens up possibilities for innovative care models and non-hospital services. With top-tier UK NHS brands like Imperial College, Moorfields, Kings College, and Maudsley providing top-notch medical services, the UK is already well-positioned in the UAE market. For licensing, UK degree certificate attestation for UAE is required.
- Defence and security sectors – EDIC (Emirates Defense Industries Council), which favors contracting with foreign businesses, is in charge of handling the procurement for the military. The budget for the defense and security industry is significant. Opportunities can be explored in the supply chains for small and medium-sized UK-based businesses. The Vision 2030 of the UAE seeks to grow the aerospace, manufacturing, and space sectors to diversify the economy of the country. Additionally, this presents an opportunity for UK defense industries. Additionally, UAE continues to encourage SMEs that operate in the security industry. Local and federal government agencies are both concerned about cybersecurity, which presents another chance for UK firms.
- Advertising and media sector – Many designs, media, advertising, and architecture firms operate in the UAE, which is a rising center for the creative industries. To maintain its status as a top tourist destination, the UAE is making significant investments in leisure and entertainment. The UAE is still being transformed by developments ranging from cultural and artistic to amusement parks, hotels, and retail. It seeks to persuade tourists to shop, eat, and travel around the UAE. New projects are being developed by developers with ties to the government. UAE offers several opportunities for media and advertising as a tourist and business destination.
- Oil and Gas industry – UAE is a significant player in the world energy sector. UAE produces an average of 4 million barrels of oil and other liquids per day as one of the top 10 oil producers in the world and a member of OPEC and GECF. Additionally, the UAE has the seventh-largest global natural gas reserves. Oil reserves operating under concessions in the UAE are both onshore and offshore. The supply chain for oil and gas is managed by ADNOC (Abu Dhabi Natural Oil Company) and its affiliates. UAE provides UK businesses with the chance to develop new commercial relationships with the UAE government and foreign corporations.
Ever since the pandemic, many brits have migrated to UAE for business which has opened up great career opportunities for UK citizens and others. However, even if you are a UK citizen and got employment in a UK company in UAE, you require a UK certificate attestation UAE.
