ABCN attracts 64 foreign companies

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Alliance Business Centers Network (ABCN) has attracted 64 new foreign companies last year to its branches in Dubai Silicon Oasis and Dubai Business Village, with investments exceeding AED 220 million in various sectors in the emirate, and a growth of 30 % compared to 2011.

Out of the total number of new foreign companies that have established presence at Dubai-based Alliance Business Centers last year, 42 % were Asian, 31 % were European, while firms from Africa comprised 21 % and from the U.S. 6 %.

As for the breakdown of companies per sector, the trade sector amounted to 39 % of new entrants, followed by 38 % for marketing and management consulting and 23 % for companies specializing in Information Technology.

Osama Salman, Chairman of Alliance Business Centers Network, UAE, confirmed that this achievement reflects the growing confidence from foreign investors in the positive outlook for the national economy, adding: "The bundle of mega-projects that were launched last year, especially the 'Mohammed Bin Rashid City' project, sent the world a very important message that Dubai's ambition knows no boundaries and the emirate will continue to create investment opportunities driven by economic diversification and by stimulating investment and commercial activity in various sectors while receiving complete government backing."

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: nabi

DEAR OSAMA SALMAN
HELLO
I NEED URGENTLY 50000 AED for buy home
Please COOPERATE and Transfer for me today
if ok
please inform me
Nejadrasooli@yahoo.co.uk
REGARDS
NABI

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Most Discussed
  • 24
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 23
    Baby NOT on board?

    Some of you cry babies need to get your own personal apartments on the plane ! You cry more then the babies I have seen in my travels. LOL more

    Thursday, 28 August 2014 9:10 AM - Jim
  • 21
    Israel “must be punished” over Gaza, says Dubai police chief

    This high moral ground that Mick is talking abt sound very familiar. May I remind Mick that the US & its British ally alone killed over 1 million innocent... more

    Thursday, 7 August 2014 4:12 PM - Mathew
This Week's Magazine »

Cover Story

One billion friends and counting...
Facebook is taking over the world, one ‘like’ at a time. The woman who oversees the tech giant’s operations on three continents, Nicola Mendelsohn, talks power, prospects and privacy.

Also in this issue

Subscribe Now