Well known for its luxurious hotels, large port facilities and the Dubai International Financial Centre, Dubai is becoming an increasingly attractive business hub for service industries such as IT and finance. The government has also set up industry-specific free zones throughout the city in order to support its robust real estate sector.
Dubai is part of the United Arab Emirates, which is the Middle East’s 2nd largest economy and one of the wealthiest countries in the region on a per capita basis.
The UAE has successfully reduced its reliance on its world-renowned natural gas reserves by decreasing the portion of GDP from the oil and gas sector by 30%. These successful efforts at economic diversification were achieved through an enormous constructive boom, an expanding manufacturing base and a thriving services sector.
In 2020, the Advisory Board Centre mapped professionals currently serving on Advisory Boards. This assessment identified over 8,000 professionals on Advisory Boards in the United Arab Emirates and has projected a growth of 121% for the sector in this region.
Research has identified that the Advisory Board sector is emerging, and Advisors exist as a profession in Dubai. As an emerging sector, advisory board professionals may have opportunities in key sectors including – tourism, real estate and construction – and are encouraged to stay open-minded to start-up and emerging industries.
There is a growing opportunity for professionals to increase participation in Dubai, by formalising Advisory Board structures and collaborating on a global scale. As this sector grows, it is important to note that best practice credentials will shift the market from informal to formal Advisory Boards over time.
|Population||3.331m||Labour Force by occupation|
|GDP by sector||Services||78%|
|Industry||49.8%||Global ease of doing business rank||16th|
|Services||49.2%||Global ease of doing business score||74.1/100|