Emerging Fashion Market Uae

1915 WordsOct 12, 20108 Pages
EMERGING FASHION MARKET UNITED ARAB EMIRATES (OVERVIEW OF UAE FASHION INDUSTRY & SWOT ANALYSIS) OVERVIEW OF UAE FASHION INDUSTRY • United Arab Emirates comprises of 7 states/emirates namely Abu Dhabi, Dubai, Sharjah, Ajman, Umm-al-Quwain, Ras Al-Khaimah and Fujairah. The capital and second largest city of the United Arab Emirates is Abu Dhabi. It is also the country's center of political, industrial, and cultural activities. • The United Arab Emirates has the world's seventh largest oil reserves and possesses one of the most developed economies in West Asia. • The UAE's population was estimated at 8.19 million, of which just under 20% were UAE nationals or Emiratis, while the majority of the population are expatriates. The country's net…show more content…
Economic: o UAE is one of the largest ports in the world and has become the region's centre for trade, essentially by developing its location as a leading transhipment and re-export centre, based on a long-standing trading history and a generally pro-business stance. o There is heavy government support in terms of initial investment in private sector businesses, existence of efficient government services, a solid institutional framework and strong laws and regulations. o There are more than 40 free trade zones in UAE. The attractiveness of the UAE's free zones results partially from competition and investment restrictions that prevail in the rest of the economy. These restrictions do not apply to the free zones. There are no custom duties, no restrictions on profit transfer and capital repatriation & exemption from taxes & no currency restrictions or personal income tax. Technological: o The region is being recognized for higher productivity, quick turnaround & unique quality. Infrastructural: o Over the past 10 years, UAE has positioned itself as a safe and a great place to live. The development of state of art infrastructure was one of the main reasons for this. UAE enjoys a steady energy supply, reliable electricity and water infrastructure, a high quality roads network & now a metro in some emirates like Dubai. This is one

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