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International Business Expansion Plan Dubai is the latest target of most of the firms.
About 3 in 4 Dubai company is targeting to expand its market internationally. This is almost 75% of the total companies in Dubai alone.
There are 2 surveys YouGov and Citibank that says that 66% of companies wants to expand internationally.
Companies are trying to expand their market to Saudi Arabia and North and East Africa as they have a large number of population. Setting up of subsidiaries and branches have become common for UAE companies in other countries.
Government supports and focuses on the growing SMEs to expand. This is an encouraging trend for most business environment.
Reasons to Expand Internationally
Though there are a number of reasons for companies to expand internationally, here are some important reasons.
- Grow the business
- Become more competitive
- Own a growing market globalization
- Increase market share
- Fear of losing control, culture, and lack of resources, skills and capabilities.
- Changing economic environment
- Managing working capital
Top Five Favorable Country For Expansion
There are two Middle East countries in the list of top five favorable countries.
- India
- Canada
- The US
- Saudi Arabia
- Qatar
Family Business Strategies UAE
The UAE family business uses the following strategies for international expansion.
- Joint venture
- Acquisitions and mergers
- Exporting
- Wholly-owned subsidiaries
- Franchising
Creating and forming new business opportunities for new venture creation are very important in shaping entrepreneurial actions. Finally this intent to create potential business opportunities.
So to create more competition the policy makers have made entrepreneurship educations and business initiatives to stimulate entrepreneurship activities both at the local and national levels.
These can be achieved by promoting entrepreneurship at basic levels like schools and colleges. This family business has a trans-generational changes and great impact on the economy of the country.