Dubai Science Park
Dubai Science Park A Business Location With Lots Of Opportunities
Dubai Science Park has brought tremendous growth in the tourism industry and has become a significant tourist and business attraction in the UAE. Dubai Science Park was established in 2021 and houses more than 350 businesses, from international corporate giants to small local enterprises employing more than 3,000 people. All of them are undertaking activities related to the latest technologies and use of science and technology. Dubai became the first place in the Middle East to establish a science park.
The main aim of the Dubai Science and Technology Parks is to transform the city’s business environment. This is achieved by providing cutting-edge research and development facilities, promoting innovation and opening the doors for international businesses to utilize the skills and talents of the local workforce. Other planned developments include establishing an advanced research and development centre and a university.
Tourism in Dubai is booming day by day. People from all over the world visit Dubai for business purposes. Tourists can experience several exciting and novel forms of entertainment in Dubai, like indoor and outdoor roller skating, water sports, fishing, jet skiing, etc. Several well-known tourist attractions in Dubai attract travellers from all over the world. Dubai is also famous for some of the latest fashion houses emerging in the region. Some of these brands are Ghanaian Jewellery, Turkish Clothes etc.
The Dubai authorities have made it easy for foreigners to buy property in the city. They have made it easy for foreign investors to apply for a business visa. The procedure is straightforward, and they can apply for their business visa at the Dubai police or the Dubai ministries of interior or tourism. The required documents for the visa application are identity proof, a business license or a letter from the entrepreneur stating that the business has been licensed.
The Dubai Science Park has proved to be a lucrative business for national and foreign investors. The national business market is gradually increasing, with frequent tourists visiting the city for business purposes. The city offers several options for all kinds of businesses, both small-scale and large-scale, manufacturing and trading. Foreign investors have shown much interest in investing in this business because they get a good return on their investment. The Dubai government has also taken measures to regulate the activities of foreign investors in the city.
The company or individual wishing to start a business in the science park must follow specific rules and regulations. These laws and regulations are mentioned in the terms and conditions of the franchise agreement. It is always advisable to consult an attorney before making any investment. This will ensure that you get fair compensation for your loss if the business fails.