Foreign Countries interest in SMEs in UAE

Foreign Countries interest in SMEs in UAE

Name

Affiliation

Many countries in the East amid other foreign nations are working hard to ensure that they are in accordance with UAE laws and other regulations as they try to meet their needs of becoming one of the SMEs partners. The countries reasons as to why they are going forth for this endeavors vary from country to country. Therefore for the essence of this paper, there will be an analysis of the main reasons as to why the country is expecting or has got many proposals for help in SMEs investment in the country.

One of the reasons as to why foreign countries are investing heavily or are on the eve of coming to UAE to invest in SMEs is that they are looking for business ventures that exist in the country. The country is currently at its peak of economic success hence their exist room of development as compared to their homes countries that exploited this business opportunity before.

The other reason is that other nations are seeking international relationship with UAE so that they could be able to benefit from the oil and gas industry that is the heart of UAE. The last reason based on the article is that the UAE have very advanced strategies that call for real time tourism industry, therefore an exchange of SMEs ideas will have an exchange of tourism strategies.

For this reason, the article offers a business overview and well as the potentials of UAE SME industry.

Reference

http://gulfnews.com/business/general/countries-abroad-seek-stronger-sme-ties-with-uae-1.1234685