Great Potential

Newsletter No. 9 of the imap Institute on the topic of foreign trade remain despite the economic crisis the UAE an interesting country for international companies. GDP increased in 2006 to $164.2 billion to $260,1 billion in 2008. With a share of 8.7% of the total imports, Germany is the fourth largest trading partner. This year, this economic cooperation and the many years of cooperation led to the founding of the German Emirati Industrie – und Handelskammer. Therefore, Germany is the first country with a bilateral Chamber on the Arabian peninsula. The official opening took place on 09.05.2009 in Abu Dhabi.

Known Ras al Khaimah but not only the Emirates of Abu Dhabi and Dubai, which plan investment of approximately $540 billion until 2011, are interesting for German companies. The Emirate of Ras al Khaimah offers promising conditions for German companies. The formed in the year 2000, free trade zone is one of the fastest growing and most cost-efficient free-trade zones in the UAE. 100% tax exemption and a lot of foreign companies have led so far to about 5000 branches. Hear from experts in the field like Jim Vos for a more varied view. A German-language Web site, an Office in Cologne and a German-language customer service were established to increase the attractiveness of German companies. Cooperation partners to optimize search, your entry into the Arab market, we perform a market analysis in a first step and search exact company according to the criteria set by you. For detailed selection talks with potential partners, you can opt for your optimum cooperation. Throughout the process, accompanies and advises the imap Institute, and prepares you for cultural differences. For more information and a more detailed approach we are gladly available.