Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai is best place to do business  Join our daily free Newsletter

MENAFN - Khaleej Times - 04/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Dubai is the best place to establish a new business or expand operations to other GCC and Middle East countries due to its strategic location and investor-friendly environment, according to a non-resident Indian investor.

Rishabh Puri, executive director of Nexus General Trading and Global Sterling Products, said the emirate's winning rights to host the World Expo 2020 is slated to be a big boon for business in the region.

"We are planning to use Dubai as a business hub for our growing businesses in India, United Kingdom and Nigeria. The emirate is the 'best place to function' to cater to the GCC and wider Middle East market," Puri told Khaleej Time.
.
About the group portfolio, he said it is engaged in the design, manufacturing and installation of high quality automated packaging machinery in West Africa and India.

"We specialise in user-friendly and easily maintained inline, rotary and turnkey packaging systems. The group also provides custom automated solutions for a variety of industries. Our design studio is located in the United Kingdom," he said.

Puri, who looks after family business in United Kingdom and Nigeria, believes that the Dubai's successful Expo 2020 bid will bode well for the companies across all sectors, as the emirate is "no doubt" very capable of holding an event of such magnitude.

"Dubai has a certain magnetic power" [with] the confirmation of [hosting] Expo 2020, it is likely that we will also see an increase in the number of new businesses and entrepreneurs looking to benefit from this influx," he said.

"Positive news seems to be coming from every sector [in Dubai], and there is an estimate that millions of visitors will come here [for the Expo]," he said.

Puri terms that decision to relocate to Dubai as a "substantial move" for the group, as he sees good potential in the GCC market.

"Dubai, being the region's hub, was the obvious choice to go, especially with the UAE's overall connectivity to other key markets," he said.

In the UAE, the company has started businesses similar to those in Africa and India, in addition to a water treatment plants solution in Saif Zone by the name of Global Sterling FZ-C and LED Lighting Systems in Dubai.

Puri said his group sustains a steady annual growth of about 15 per cent to 20 per cent since its inception 30 years back.

"The company's business is performing well in its main Nigerian and Indian markets," he said.

On the outlook for the business in 2014, Puri said it is "definitely very positive, as the UAE government has declared a lot of mega projects in terms of the development of the infrastructure and hospitality sectors".

 


Khaleej Times




  MENA News Headlines
 Jan 29 2015 - Egypt- North Sinai residents to go through with open strike against curfew hoursDaily News Egypt
(MENAFN - Daily News Egypt) North Sinai residents will start an open strike on 2 February to express their discontent and objection to curfew hours, Khaled Arafat, the Secretary-General of leftist ...

 Jan 29 2015 - Egyptian pound plunges against the dollar to EGP 7.46Daily News Egypt
(MENAFN - Daily News Egypt) For the seventh consecutive day, the Egyptian pound declined against the US dollar in a Central Bank of Egypt (CBE) auction reaching EGP 7.46 on Wednesday, declining ...

 Jan 29 2015 - Memorandum signed for storage, distribution of food products in EgyptDaily News Egypt
(MENAFN - Daily News Egypt) Minister of Supply Khaled Hanafy signed a memorandum of understanding with John Baird, Canadian Minister of Foreign Affairs, Trade and Development to increase cooperation ...

 Jan 29 2015 - Egyptian Industries Federation to promote Economic Summit in AfricaDaily News Egypt
(MENAFN - Daily News Egypt) The Federation of Egyptian Industries (FEI) will promote across Africa participation in the March Economic Summit scheduled in Sharm El-Sheikh, said FEI head Mohamed ...

 Jan 29 2015 - Egypt- US dollar rise to stop at EGP 8 before Economic Summit: FEI headDaily News Egypt
(MENAFN - Daily News Egypt) The current rise of the US dollar value against the Egyptian pound will benefit the economy on the long term; however, it will harm the budget on the short term, said head ...

 Jan 29 2015 - Egypt- Hilton to open new hotel in AlexandriaDaily News Egypt
(MENAFN - Daily News Egypt) Hilton Worldwide Hotels in Egypt has enjoyed a fruitful year in 2014, according to Christian Muhr, vice president of operations of Egypt and Levant for Hilton ...

 Jan 29 2015 - Egypt Air first in Africa granted green light to apply "Fast Travel" programmeDaily News Egypt
(MENAFN - Daily News Egypt) Egypt Air has become the first airlines in Africa to be granted the green light for the application of the "Fast Travel" programme, accredited by the International Air ...

 Jan 29 2015 - Egypt- High accident rates threaten Red Sea tourism: Ministry officialDaily News Egypt
(MENAFN - Daily News Egypt) Accidents in diving and other marine activities increased 200% over the past year and the tourism industry now faces a major crisis, according to an official from the ...

 Jan 29 2015 - Academy Awards nominated Yemeni film to be shown in Egypt for first timeDaily News Egypt
(MENAFN - Daily News Egypt) One of the goals of cinema is to erase the limits and spaces between cultures, places and people. By watching a film from a foreign country, people move in time and place ...

 Jan 29 2015 - Egypt- Government encourages Luxor, Aswan trips to promote domestic tourismDaily News Egypt
(MENAFN - Daily News Egypt) The Ministry of Tourism has launched promotional campaigns to encourage trips to Luxor and Aswan in order to boost domestic tourism, according to Ahmed Moustafa, the ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help