Indian Business UAE
In the bustling business landscape of the United Arab Emirates (UAE), Indian entrepreneurs, investors, and skilled professionals are leaving a mark on the country. The deep-rooted synergy between India and the UAE has fostered growth, innovation, and prosperity.
In this blog, we explore the dynamic influence of Indian business pioneers on the UAE’s economic ecosystem. From thriving enterprises to cultural exchanges, this powerful partnership has shaped the UAE’s success story.
Let’s take a look at some of the key factors driving Indian influence on UAE business.
- Thriving Indian Community in the UAE: With approximately 1.5 million Indians residing in Dubai, comprising around 35% of the professional services workforce, and an overall Indian expat population of 2.8 million across Sharjah, RAK, Fujairah, and Abu Dhabi, the Indian community plays a crucial role in contributing to the UAE’s diverse and dynamic economy.
- Significant Contribution of Indian Expats: Indian expatriates constitute close to 28% of the total expat population in the UAE. Their expertise spans across various industries, such as technology, finance, healthcare, hospitality, and construction, making them an integral part of the country’s workforce and economic growth.
- Strong Investment Inflow: The UAE has attracted substantial investments from India, amounting to an impressive $85 billion in recent years. These investments span multiple sectors, including real estate, infrastructure, telecommunications, and manufacturing, contributing significantly to the UAE’s development and diversification.
- Golden Visa: An Attractive Business Proposition: The introduction of the UAE’s Golden Visa program has further bolstered business opportunities, particularly for Indian investors and entrepreneurs. The Golden Visa offers long-term residency benefits, making it an attractive option for those seeking to establish or expand businesses, including real estate investments.
- Strengthening Ties through High-Level Visits: The recent visit of India’s Prime Minister, Narendra Modi, to the UAE, underscores the importance both nations place on fostering economic and strategic alliances. During his visit, various aspects of business collaborations were discussed, aiming to enhance trade relations and investment prospects between India and the UAE.
The ever-growing Indian presence in the UAE’s business landscape, along with the substantial investments and the introduction of initiatives like the Golden Visa, showcases the flourishing economic ties between India and the UAE. As the two nations continue to strengthen their bilateral relations, the future holds promising opportunities for Indian businesses and entrepreneurs to thrive and contribute further to the UAE’s development and prosperity.