How UAE is building an ecosystem for business development?

How UAE is building an ecosystem for business development?

The UAE has been an international hub for a long time. The UAE government has taken much pride in building an ecosystem for business development and growth unrivaled by most parts of the world by taking advantage of the emirate’s strategic placement in the Middle East and enhancing it with global connectivity, top-of-the-line infrastructure and increasing ease in business setup. Despite all of these advantages for business startup and growth, there have been some who have expressed concerns in relation to the adjudication of disputes that inevitably arise during the conduct of any business venture. By and large, as time has passed, these concerns are largely based on perception rather than reality on the ground. More and more, we have seen the UAE government putting in place various measures, updates, and legislative reforms. For example, the Dubai government that have reformed the emirate into a pre-eminent jurisdiction for the resolution of disputes. As a default, all businesses have recourse to the Dubai courts; however, depending on the specific industry that a particular business operates in, it is free to opt for a different forum that better complements it. For example, we have seen that a great many banking disputes or