Dubai as a city has become synonymous with the words fashion, luxury, & style. It has successfully become the hub of international business joint ventures and unofficially plays the role of being a global destination for people from all around the world. Many businesses belonging to diversified industries want to have a business setup in Dubai. They see many fantastic opportunities that they can make the most of.
Dubai, unlike the other states of U.A.E has taken bold steps in terms of diversification and is in progressive stage of remodeling its economic model based on non oil industries as well. The fashion and apparel industry in Dubai is one of the biggest and fastest growing industries in Dubai. Dubai proudly is house to the world’s largest retail shopping mall with over 1200 stores in it. Of these stores most are international brands. This signifies that Dubai is going to play a huge role in shaping up how the international fashion industry and fashion trends are going to work. Their market for apparel and footwear is estimated to be $12.8 Billion, registering 5.5% growth since 2010. The apparel sector alone in Dubai is valued at $10.4 Billion with an annual growth rate of 5.8%.
With people from over 200 nationalities residing in Dubai, it comes as no wonder that Dubai is perfectly suited to cater the fashion needs of various people at once. This also makes the place ideal as the range to cater is diversified. Besides Dubai is en route to become the fashion powerhouse in the Middle East as they recognize the importance of this billion dollar industry. Fashion is one of the biggest attractions and reasons that people come to visit Dubai. So if the interest in Dubai’s Fashion industry increases so does the interest in tourism. It is a win-win situation for Dubai. Dubai has plans to become a global fashion hub by 2020.
Many businesses around the world are built on fashion and apparel industry. Like any other industry, they also want to expand and be at places that serve them the right purpose and give exposure. Dubai for them serves as a fashion haven. Global Integrated services are a business consultancy firm that has helped several companies with company formation in Dubai. Their services portal ranges from protection of intellectual property to guiding the clients in applying for work visas and work permits.
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