The United Arab Emirates (UAE), and Dubai in particular, are becoming an increasingly attractive destination for Polish investors. Trade between Poland and the UAE reaches almost $320 million a year, and the number of Polish companies investing in the region is steadily growing.
Why does Dubai attract Polish entrepreneurs?
- Dynamic economic growth: Dubai is one of the fastest-growing cities in the world, which creates numerous business opportunities.
- Favourable investment conditions: No taxes, minimal bureaucracy and a highly developed transport and financial infrastructure make Dubai a friendly place for investors.
- Access to a broad market: By investing in Dubai, Polish companies gain access to a market of 1.4 billion consumers, covering the Middle East, Africa and Asia.
Examples of Polish investments in Dubai
- Can-Pack S.A.: The Krakow-based company invested almost PLN 135 million in Dubai, producing high-quality metal packaging for the local market.
- Comarch S.A.: A supplier of IT software for companies and businesses, it has a branch in Dubai, focusing on developing and selling IT systems for government institutions and private enterprises.
- Sunreef Yachts: The Gdansk-based luxury yacht manufacturer opened a shipyard in the emirate of Ras Al Khaimah, investing AED 100 million ($27 million).
Polish products on the UAE market
Polish products, such as Maspex juices, heat-resistant cookware from Huta Szkła "Termisil" and tableware from Krośnieńskie Huty Szkła "Krosno S.A.", are gaining popularity in the UAE, which shows the growing interest of local consumers in Polish goods.
Summary
Dubai offers Polish entrepreneurs unique opportunities for growth and expansion into Middle Eastern markets. Favourable investment conditions, dynamic economic growth and access to a broad consumer market mean that more and more Polish companies are deciding to invest in the region. However, it is worth remembering that success in this market requires careful preparation and an understanding of local business practices. Contact us if you are planning to open a company in Dubai.
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