A lucrative business destination, the UAE has allowed many ex-pats to become successful entrepreneurs. The regime of Abu Dhabi, Dubai, and other cities of the UAE is very investor-friendly and this has made the country fertile, in terms of business growth and development. As a result of the favorable environment, the UAE has become one of the top business destinations around the world, and many foreigners are starting businesses in the country with the hope of reaping matchless benefits.
Some of the most successful business ideas in the UAE are-
1) Distribution Services is one of the top businesses in the UAE. As a fast-growing sector, the prospect of wholesale trading and distribution is huge. It is not only a profitable sector but also an exciting one. Wholesale food distributors stand the chance of partaking in exponential profits, due to the immense potential of the sector in reforming the food market scenario of the UAE. Some of the top companies in this sector like Al Maya FMCG have helped the people of the UAE to get access to global products with ease.
2) Construction sector is another field that is high-yielding in terms of profits and promises steady growth in the future. The infrastructural development of the UAE is on a roll for a long time now.
3) E-commerce solutions are another sector that has huge potential in the UAE. With constantly evolving technology running the world, the demand for E-commerce services has increased significantly.
4) Health Sector is another sector in the UAE with widespread opportunities. If you manage to get the requisite approvals from the authorities, you can go ahead and set up a business in the health sector.
5) Real-estate agency is another successful business idea as the number of immigrants to the UAE is on a rise and so is the need for accommodation.
If you go with our suggestion and venture into distribution services, then keep in mind that Wholesale distributors require you to apply for a wholesale & retail trade license. As per statistics, a quarter of the UAE's GDP is generated from wholesale and retail trade. If you want to enter this exciting sector and be among the top food distributors, then you need to bring more innovation into your business.
To make it big, like Al Maya FMCG, one of the top food distribution companies in the UAE, you will have to constantly strive to bring the very best foreign brands to the country's market.