Avyanco Forecasts Dubai Expo to Revamp Businesses For a Long Time
6 min read 18 Oct 2021, 05:45 PM ISTIt’s high noon for investors and foreign businesses to take a decisive move and team up with Avyanco for easy Incorporation of Business in Dubai.
PremiumAvyanco, a global business startup advisory that is a leading company for helping thousands of businesses in their successful establishment in Dubai will be partaking in the upcoming and highly anticipated Dubai Expo 2020. Those looking to lay the foundation of a company setup in Dubai can not possibly miss this opportunity to secure a better future in one of the fastest and most promising markets in the world. With 100% foreign ownership, it is an opportunity to settle your roots along with the added bonus of Dubai Expo 2020, which is revamping Dubai’s business landscape on global proportions. It is the place-to-be for all business houses where they will avail the benefit of interacting with international clients and develop new prospects for their better future.
Dubai Expo 2020 is promising a lot of opportunities for businesses from around the globe along with the prospect to start a business in Dubai for foreign investors with relative ease and 100% foreign ownership. The event started on October 1st and continue for the following six months, where ample opportunities lie for businesses and individuals looking to make solid investments. The time is right, and Avyanco will be present to help businesses and entrepreneurs looking to settle in the land of opportunities. With more than 80% of visitors having already arrived, businesses can hope to capture solid opportunities for meeting up with the right investors.
The Dubai Expo 2020, which was delayed last year due to the pandemic, is now commencing at full pace with an expected visitor count of 25 million from around the globe. His Excellency, Sheikh Mohammad has expressed great satisfaction with the arrangements of the event in terms of safety precautions and the prospects the event will bring for Dubai and the whole region of UAE. A total of 192 participating countries and organizations are ready to showcase what they have to offer in terms of innovation, architecture, and sustainability in their respective pavilions. The site, in its entirety, covers over 4.3km2, equivalent to 613 football fields. There will also be a dedicated metro station for easy convince of the visitors around the site.
In retrospect, this will relaunch the economy of Dubai with 33 Billion Dollars while creating 300,000 new jobs, which speaks for the number of opportunities are available for the taking. Businesses looking for fast and promising global expansion can not possibly miss this event. Entrepreneurs and businesses can greatly benefit from this boost in Dubai’s economy, which will bring along limitless prospects. A remarkable and appreciable green initiative by the authorities is the announcement of reusing 90% of the materials used for the construction to build permanent buildings after the event has elapsed.
The largest event ever held in the Arab world has come as a gust of fresh air in the wake of one of the worst recessions in the history of the country. The economy is predicted to make a strong come-back and those at the forefront will have limitless opportunities and benefits to reap. The economy contracted by 6.6% last year as the government sought to help businesses by announcing a series of reforms and attracting new investors. As a result, the growth outlook is starting to look better and better with IMF upgrading it to 3.1% for this year.
Among the major sectors that are highlighted by Avyanco and Dubai Expo 2020 executives to show promising growth include Real Estate, which is expected to grow by 20% to 25%. Another industry that is definitely going to observe an unprecedented boom is Tourism, with an increase in the number of tourists visiting Dubai Expo day by day, hotel occupancy rates have increased by 90%, with the majority of the hotels being already booked for the next 6-months.
The case is the same for the FMCG industry; as the occupancy rates increase, so will the consumption of consumer goods. The drastic increase will present numerous opportunities for both, incumbents and new entrants alike. Growth in businesses all over directly translates to an increase in general trading activities and support services for businesses like accounting and bookkeeping, business advisory, holding companies, and financial organizations.
As the buying capacity or the purchasing power will increase, it is likely that the aforementioned sectors will observe a massive growth surge. As more and more investors keep pouring in during the period of Dubai Expo 2020, businesses are actively seeking out partners and investors.
The ambitious project seeks to diversify the economy and shift it away from oil, which in turn is good news for investors from around the globe. Businesses and entrepreneurs looking to enter Dubai’s flourishing economy could not have asked for a better moment than this. Avyanco will be at the forefront to serve as the means for establishing your business in Dubai, whether of mainland or free zone, get 100% foreign ownership with easy processing and speedy completion of processes that may otherwise take months, even years before a business can earn a single penny.
According to Avyanco senior representative Shweta Singh,
“If we only look at the figures, they are remarkably astonishing and speak for themselves. The Expo 2020 and its legacy will boost the regions, especially Dubai’s economic activity by $33.378 billion. The whole tenure of the organization of this event, from 2013 to 2021 has created more than 900,000 full-time jobs and the overall economic activity equals 1.5% of UAE’s GDP. SMEs, during that period, has flourished with an investment of 1.279 billion and creation of more than 12,600 per year since 2013."
She further adds.
“Sectors like hotels and restaurants, construction, and event organization and business services have observed investments worth billions. The economy is diversifying and reaching the next level of its evolution that everyone wants to be a part of. This is where Avyanco helps foreigners pick their fair share and Establish their businesses in Dubai. Our innovative practices and refined practices allow for a smooth and easy registration for businesses with ample opportunities for growth and investment. Especially during expo 2020, businesses can hope to establish better relationships and brand awareness."
According to officials, the acceleration of the government’s efforts for diversifying the economy and its smart evolution is an open calling for outsiders who believe they can stimulate the business landscape. The event is likely to boost the image of Dubai as an economical frontrunner despite the pandemic, which in turn, will fortify the image and reputation of businesses operating from Dubai. If you, as a business or entrepreneur, want to sell your product or services to other businesses, then this is the best opportunity and time to invest in Dubai because you have investors and potential clients from all over the world gathered under a single roof of Dubai Expo 2020.
Avyanco is assisting numerous businesses and entrepreneurs to expand their business in Dubai. Although the process may be defined as relatively simple, it is far from it. Businesses and entrepreneurs need to realize that there are high levels of complexities involved in such matters that are better left to professionals like at Avyanco who are seasoned experts and aware of the processes surrounding the execution and establishment of a business in Dubai. The event of Dubai Expo 2020 has brought unprecedented opportunities for the growth and development of businesses due to the availability of potential global partners. Businesses looking to establish their existence in Dubai also have UAE Vision 2021 and Vision 2071 to look forward to that aims to revolutionize the market of UAE and Dubai, along with creating new opportunities for job creation and establishing of businesses.
Disclaimer: This is a company press release. No LM journalist is involved in creation of this content.
