That decision is now helping the city dodge the commercial real estate crisis rippling across the globe.
The United Arab Emirates of which Dubai is a part started to break away from a decades-old economic model that prevails across the oil-rich region, linking residency to employment.
Officials widened the eligibility net for long-term 'golden' visas, abolished a requirement for companies to have a majority local partner, switched to a Monday-Friday working week, and made it legal for unmarried couples to live together.
Policymakers wanted to help Dubai shed its reputation of being a transient city by attracting expatriates and encouraging some of them to set up businesses. That seems to have paid off.
In response to questions from Bloomberg, authorities released data for last year, revealing the scale of the turnaround. The city had 411,802 active business licenses in 2023. That's a 30% jump from 2022 levels and a 75% increase from 2021.
この記事は Mint Mumbai の February 19, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Mint Mumbai の February 19, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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