792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...
792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...
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A<br />
GLOBAL / COUNTRY STUDY AND REPORT<br />
ON<br />
“United Arab Emirates”<br />
Submitted to<br />
PARUL INSTITUTE OF MANAGEMENT & RESEARCH-2nd shift<br />
(Formerly <strong>Dr</strong>. J. K. <strong>Patel</strong> <strong>Institute</strong> of <strong>Management</strong>)<br />
<strong>Institute</strong> Code: <strong>792</strong><br />
IN PARTIAL FULFILLMENT OF THE<br />
REQUIREMENT OF THE AWARD FOR THE DEGREE OF<br />
MASTER OF BUSINESS ADMINISTRATION<br />
In<br />
<strong>Gujarat</strong> <strong>Technological</strong> University<br />
UNDER THE GUIDANCE OF<br />
Faculty Guide<br />
Ms. KRISHNA GOR<br />
Assistant Professor<br />
Submitted by<br />
Batch: 2011-13, MBA SEMESTER IV<br />
(Parul <strong>Institute</strong> of <strong>Management</strong> & Research-2nd shift)<br />
MBA PROGRAMME<br />
Affiliated to <strong>Gujarat</strong> <strong>Technological</strong> University<br />
Ahmedabad<br />
June 2013<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 1
PREFACE<br />
To become a manager in future passing the theoretical subjects is not enough. The<br />
subjects are the bases for our carrier from which we can strengthen our knowledge<br />
to apply it in real world. The GCSR project provides the platform of opportunity to<br />
know the current market situation, various factors affecting the industrial and<br />
economic performance and the behavior of environment. It gives the opportunity<br />
where we can apply the theory knowledge in real world and so that we can be a<br />
successful manager in future. This changed the market structure, character and<br />
focus of marketing strategies.<br />
MBA is a course where unlike many other courses practical studies are<br />
accompanied together with theoretical studies, case analysis and preparation of<br />
various reports, giving presentations on various topics are a vital part of the practical<br />
studies in this course.<br />
The preparation of the GCSR is one such part of the practical studies here. For this<br />
purpose we are required to select one particular topic related to a country or trade<br />
and prepare a report through study research.<br />
As the student of management it is learning experience to analyze a trade. It is the<br />
most essential for us to expose our skill as a future responsible management post.<br />
So, we have decided to go for detail study of country “United Arab Emirates”.<br />
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ACKNOWLEDGMENT<br />
No task is a single man’s effort cooperation and coordination of various people at<br />
various places goes into successful implementation. It is great pleasure to have the<br />
opportunity to extend our heart-felt thanks to everybody who helped us through the<br />
successful completion of this project.<br />
We wish to take this opportunity to express our deep gratitude to the persons that<br />
have helped, encouraged, inspired and enlightened us with their constructive ideas<br />
and overall support towards the completion of this project successfully.<br />
We are highly indebted to PROF. KRISHNA GOR for her guidance and constant<br />
supervision as well as for providing necessary information regarding the project &<br />
also for her support in completing the project.<br />
We would like to express gratitude towards all members of Parul <strong>Institute</strong> of<br />
<strong>Management</strong> and Research for their kind co-operation and encouragement which<br />
help us in completion of our project.<br />
We also would like to express our special gratitude and thanks to DIRECTOR DR. P<br />
G K MURTHY for giving us such attention and time.<br />
Our thanks and an appreciation also goes to our group members and classmates in<br />
developing the project and people who have willingly helped us out with their<br />
abilities.<br />
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TABLE OF CONTENTS<br />
PREFACE<br />
ACKNOWLEDGEMENT<br />
Sr. No. Particulars Page<br />
numbers<br />
Part -1<br />
ECONOMIC OVERVIEW OF THE SELECTED COUNTRY<br />
(United Arab Emirates)<br />
1 Demographic Profile of the Country 5-21<br />
2 Economic Overview of the Country<br />
3 Overview of Industries Trade and Commerce<br />
4 Overview Different economic sectors of selected country<br />
5 Overviews of Business and Trade at International Level<br />
6 INDIA-UAE Trade Relations<br />
7 SWOT Analysis<br />
8 PESTEL Analysis<br />
Part -2 MICRO ANALYSIS OF INDUSTRY/SECTOR<br />
9 Oil & Gas Industry 23-27<br />
10 Diamond Industry 28-40<br />
11 Textile Industry 41-49<br />
12 Food Industry 50-59<br />
13 Construction Industry 60-70<br />
14 Retail Industry 71-87<br />
15 Petro Chemical Industry 88-98<br />
16 Tourism Industry 99-126<br />
17 Conclusions & Summary 127-129<br />
BIBLIOGRAPHY<br />
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PART – I<br />
ECONOMIC OVERVIEW<br />
OF THE<br />
SELECTED COUNTRY<br />
(United Arab Emirates)<br />
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Full Country Name: United Arab Emirates<br />
Area: 83,600 sq km; 77,700 sq km excluding islands, of which 97% is desert<br />
Population: 8.26 million (National Bureau of Statistics, March 2011)<br />
Capital City: Abu Dhabi<br />
Largest city: Dubai<br />
People: <strong>Of</strong> the total 8.26 million residents, less than 20% are Emirati, more than<br />
one-third are South Asian, and a significant number are from Europe and North<br />
Africa.<br />
Languages: Arabic. English is widely understood and Hindi and Urdu are common<br />
among immigrants.<br />
Religion(s): Islam is the official religion, and broadly practiced. The majority of<br />
Emirati citizens are Sunni Muslim with a Shi'a minority. Many foreigners are<br />
Muslim. Hindus and Christians make up a portion of the U.A.E.'s foreign population<br />
Life expectancy: 76 years(men), 78 years(women)<br />
Currency: 1 UAE Dirham = 100 fils<br />
Main exports: oil and gas<br />
Internet domain: .ae<br />
International dialling code: +971<br />
Major political parties: Political parties are not permitted<br />
Form of State: Federation of seven emirates<br />
Head of State: Sheikh Khalifa Bin Zayed al-Nahyan. The Supreme Council,<br />
comprising the seven emirs, elects the president from among its members.<br />
President: Sheikh Khalifa bin Zayed<br />
Prime Minister/Premier: Sheikh Mohammed bin Rashid Al Maktoum<br />
Location of the country in map : in the southeast of the Arabian Peninsula.<br />
A federation of 7 emirates bordering Oman and Saudi Arabia, An emirate is a<br />
political territory ruled by a dynastic Muslim Monarch<br />
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Distance from India to uae : 6,08.2 km – N-40<br />
(3 days 8 hours)<br />
Government: The Supreme Council appoints the Council of Ministers (cabinet), led<br />
by the Prime Minister.<br />
Foreign Minister: Sheikh Abdullah Bin Zayed Al Nahyan<br />
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1. Demographic Profile of UAE<br />
1. Population: 5,314,317 (July 2012 est.)<br />
(Note: estimate is based on the results of the 2005 census that included a<br />
significantly higher estimation of net immigration of non-citizens than previous<br />
estimates)<br />
2. Age structure :<br />
0-14 years: 20.4% (male 537,925/female 513,572)<br />
15-64 years: 78.7% (male 2,968,958/female 1,080,717)<br />
65 years and over: 0.9% (male 30,446/female 17,046)<br />
(Note: 73.9% of the population in the 15-64 age group is non-national<br />
(2011 est.))<br />
3. Median age<br />
Total: 30.2 years<br />
Male: 32.1 years<br />
Female: 24.9 years (2011 est.)<br />
4. Population growth rate: 3.055% (2011 est.)<br />
5. Birth rate: 15.76 births/1,000 population (2011 est.)<br />
6. Death rate: 2.04 deaths/1,000 population (July 2011 est.)<br />
7. Net migration rate: 16.82 migrant(s)/1,000 population (2011 est.)<br />
8. Urbanization<br />
Urban population: 84% of total population (2010)<br />
Rate of urbanization: 2.3% annual rate of change (2010-15 est.)<br />
Major cities – population: ABU DHABI (capital) 666,000 (2009)<br />
9. Sex ratio<br />
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At birth: 1.05 male(s)/female<br />
Under 15 years: 1.05 male(s)/female<br />
15-64 years: 2.75 male(s)/female<br />
65 years and over: 1.77 male(s)/female<br />
Total population: 2.19 male(s)/female (2011 est.)<br />
10. Infant mortality rate<br />
Total: 11.59 deaths/1,000 live births<br />
Male: 13.54 deaths/1,000 live births<br />
Female: 9.55 deaths/1,000 live births (2011 est.)<br />
11. Life expectancy at birth<br />
Total population: 76.71 years<br />
Male: 74.12 years<br />
Female: 79.42 years (2011 est.)<br />
12. Total fertility rate: 2.38 children born/woman (2011 est.)<br />
HIV/AIDS - adult prevalence rate: 0.2% (2001 est.)<br />
HIV/AIDS - people living with HIV/AIDS: NA<br />
HIV/AIDS – deaths: NA<br />
13. Nationality<br />
Noun: Emirati(s)<br />
Adjective: Emirati<br />
14. Ethnic groups: Emirati 19%, other Arab and Iranian 23%, South Asian 50%,<br />
other expatriates (includes Westerners and East Asians) 8% (1982)<br />
(Note: less than 20% are UAE citizens (1982))<br />
15. Religions: Muslim (Islam - official) 96% (Shia 16%), other (includes Christian,<br />
Hindu) 4%<br />
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16. Languages: Arabic (official), Persian, English, Hindi, Urdu<br />
17. Literacy<br />
Definition: age 15 and over can read and write<br />
Total population: 77.9%<br />
Male: 76.1%<br />
Female: 81.7% (2003 est.)<br />
18. School life expectancy (primary to tertiary education)<br />
Total: 13 years<br />
Male: 13 years<br />
Female: 14 years (2009)<br />
19. Education expenditures: 1.2% of GDP (2009)<br />
20. Maternal mortality rate: 10 deaths/100,000 live births (2008)<br />
21. Health expenditures: 2.8% of GDP (2009)<br />
22. Physicians density: 1.93 physicians/1,000 population (2007)<br />
23. Hospital bed density: 1.9 beds/1,000 population (2008)<br />
24. Obesity - adult prevalence rate: 33.7% (2000)<br />
2. Economic Overview of UAE<br />
Basic Economic Facts (Economist Intelligence Unit, July 2011)<br />
GDP: USD360 billion<br />
Annual Growth: 2.1%<br />
Inflation: 0.9%<br />
Major Industries: Oil, gas, Petrochemicals, manufacturing & construction<br />
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Major Trading Partners: Exports: Japan, India, Iran, South Korea, Thailand.<br />
Imports: India, China, US, Germany & Japan.<br />
Aid & Development: None<br />
Exchange Rate: AED 3.67 = USD 1.00 (February 2012)<br />
The UAE has one of the highest GDP's per head in the world. Although it is<br />
still profoundly dependent on revenues from hydrocarbons, the UAE is<br />
comparatively well insulated from periods of low oil prices due to successful<br />
moves towards economic diversification, large foreign exchange reserves and<br />
investments in foreign countries . The global economic crisis is being felt in<br />
the UAE with a number of projects being either shelved or cancelled. There<br />
have been redundancies across all sectors, and mainly in construction. The<br />
lack of funds and credit, while mild as compared to Europe and the US is<br />
beginning to have an effect.<br />
Abu Dhabi has approximately 10% of the world's proven oil reserves and 5%<br />
of the gas. The Emirate also has an impressive investment portfolio financed<br />
from oil income. Dubai is different. Its hydrocarbon reserves are far more<br />
limited, and therefore its economy is more diverse - based on a vision of<br />
making Dubai the region’s business, logistics, media & leisure hub. The<br />
Northern Emirates fair less well, though Sharjah and Rasal Khaimah have<br />
established themselves as bases for manufacturing and Fujairah is starting to<br />
make more of its East Coast location. The Northern Emirates are to a greater<br />
or lesser extent, dependent on Abu Dhabi and funds from the Federal<br />
Government.<br />
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UAE GDP to grow 4.2% in 2012<br />
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3. Overview of Industries Trade and Commerce<br />
The UAE became a contracting party to the General Agreement on Tariffs and Trade<br />
(GATT) in 1994, and subsequently became a member of the World Trade<br />
Organization (WTO) in April of 1996. This engagement with international<br />
organizations stems from the UAE’s commitment to international trade and its<br />
obligations under the multilateral trade policy regime. Today, the UAE has<br />
regulations in place that aim to strengthen the country’s position as an open<br />
economy, one that welcomes international trade and competition.<br />
Main Industry<br />
Petroleum and petrochemicals;<br />
Fishing,<br />
Aluminum,<br />
Cement,<br />
Fertilizers,<br />
Commercial ship repair,<br />
Construction materials,<br />
Boat building,<br />
Handicrafts,<br />
Textiles<br />
Major Trading Partners<br />
Exports: Japan, India, Iran, South Korea, Thailand.<br />
Imports: India, China, US, Germany, Japan.<br />
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4. Overview Different Economic Sectors of UAE<br />
Agriculture, Forestry, and Fishing<br />
As a result of adverse climatic conditions (nutrient-poor soil, extreme aridity, and<br />
high summer temperatures) in the UAE, in 2005 agriculture represented a relatively<br />
small portion (an estimated 3 percent) of the country’s gross domestic product.<br />
Employment in the agricultural sector occupied only approximately 7 percent of the<br />
employed population in 2005, but because a relatively high proportion of UAE<br />
nationals are employed in farming, the sector receives a disproportionate share of<br />
government subsidies at both the federal and local levels. Dates remain the UAE’s<br />
major crop in terms of area cultivated, but the production of vegetables has<br />
increased dramatically, particularly in Abu Dhabi, and currently generates the most<br />
revenue. Other major products are eggs, dairy products, and poultry.<br />
Mining and Minerals<br />
The UAE’s economy is dominated by the oil and gas sector, which accounts for more<br />
than 30 percent of total gross domestic product. The Supreme Petroleum Council,<br />
headed by the crown prince of Abu Dhabi, has ultimate control over energy policy in<br />
the UAE. Despite the crown prince’s commitment to diversifying the economy by<br />
reducing dependency on oil, the UAE government is investing billions of dollars to<br />
increase crude oil capacity from approximately 2.7 million barrels per day in 2006 to<br />
4 million barrels per day by2010.<br />
Industry and Manufacturing<br />
Industry (including mining, manufacturing, construction, and power) accounted for An<br />
estimated 54.2 percent of the gross domestic product (GDP) in 2005 and employed<br />
almost 36 percent of the workforce in that year. The major heavy industries in the<br />
UAE are related to oil and gas, and the bulk of the manufacturing industry is<br />
centered in the Jabal Ali Free Zone in Dubai and the Jabal az Zannah-Ar Runways<br />
industrial zone in Abu Dhabi. The main products are liquefied petroleum gas,<br />
distillate fuel oils, and jet fuels. Manufacturing constituted 12.9 percent of GDP in<br />
2004 and employed 13 percent of the workforce in that year. Aluminum has emerged<br />
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as a key manufacturing activity over the last 20 years as a result of the growth of<br />
Dubai Aluminum, owned by the Dubai government.<br />
Energy<br />
In 1997, in response to the UAE’s rising demand for electric power, coupled with<br />
volatile swings in peak loads, the Abu Dhabi government formed the Privatization<br />
Committee for the Water and Electricity Sector to assess the emirate’s energy<br />
requirements and consider privatization as an option. This committee recommended<br />
that Abu Dhabi’s water and electricity department be changed to a semi-autonomous<br />
regulatory body, the Abu Dhabi Water and Electricity Authority (ADWEA), and that<br />
the emirate’s power stations be partially or totally privatized. The privatization of<br />
Services<br />
According to the UAE government, the services sector (including financial<br />
enterprises and government services) produced 43.1 percent of the gross domestic<br />
product (GDP) in 2004and 40.4 percent of GDP in 2005. This sector employed more<br />
than 1.4 million persons in 2004and almost 1.5 million in 2005, which is<br />
approximately 60 percent of the total workforce.<br />
Banking and Finance<br />
The UAE Central Bank was established in 1980 to direct monetary, credit, and<br />
banking policy. It maintains the UAE government’s reserves of gold and foreign<br />
currencies, acts as the bank for banks operating in the UAE, and serves as the<br />
state’s financial agent at international financial institutions. In response to pressure<br />
from the World Trade Organization to open the banking sector to more foreign<br />
competition, in late 2004 the UAE central Bank stated that it would consider allowing<br />
new foreign banks to establish themselves in the UAE for the first time in 20 years.<br />
Tourism<br />
The primary source of the UAE’s rapidly growing tourism sector is the Dubai Emirate,<br />
which hosts the world’s tallest hotel. According to the UAE government, Dubai’s<br />
tourism revenue exceeds its oil revenue. The emirate’s 302 hotels hosted 6.4 million<br />
visitors from India, Pakistan, Iran, Lebanon, the Philippines, Europe, Australia, and<br />
South Africa in2006.<br />
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Education in UAE<br />
The United Arab Emirates (UAE) is the Gulf States located in the Middle East. UAE<br />
is primary an Islamic region and shares many of the educational procedures and<br />
traditions of the other Gulf State Countries. UAE belong to the Arab Bureau of<br />
schooling for the Gulf States which meets to discuss the Gulf State countries<br />
curriculum and procedures. United Arab Emirates (UAE) public educational spending<br />
is 27.43%, which ranks 7 th in the world in spite of the high spending on education,<br />
UAE has the lowly literacy rate out of all the Gulf States at 77.9%. Compared to the<br />
United States rate of 99%, the UAE has a long way to go to match the educational<br />
statistics of the western culture. The small overall literacy rate can be confusing due<br />
to the majority of that rate being over the age of 25. The far above the ground<br />
spending in education has paid off for the younger production, general public from<br />
15-24 have a literacy rate of 97%, far better than the overall average rate of 77.9%.<br />
Community education is free for male and female citizen children through university<br />
level. The UAE has one of the lowly student-to-teacher ratios (15; 1) in the world.<br />
Education is compulsory through the ninth grade, even if, according to the U.S.<br />
sector of State, this requirement is not enforced.<br />
5. Overviews of Business and Trade at International Level<br />
Foreign Economic Relations<br />
In 1977 the Arab Monetary Fund (AMF), based in Abu Dhabi, was established by 20<br />
Arab states to provide loans to member states, primarily for balance-of payments<br />
support. In 1981 the UAE joined with Saudi Arabia, Kuwait, Bahrain, Qatar, and<br />
Oman to form the Gulf Cooperation Council (GCC). The UAE’s closest relations<br />
within the GCC are with its major trading partner, Oman.<br />
Imports<br />
Imports totaled US$80.2 billion in 2005 and are projected to increase to US$86<br />
billion in 2006, US$94.6 billion in 2007, and US$104.1 billion in 2008. Principal<br />
imports are machinery and electrical equipment, precious stones and precious<br />
metals, and transport equipment. The principal source of UAE imports in 2005 was<br />
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China (9.9 percent of the total). Other major countries of origin included the United<br />
Kingdom, the United States, and India.<br />
Exports<br />
In 2005 UAE exports totaled US$126.5 billion; this number is projected to increase to<br />
US$132.9 billion in 2006, as a result of record oil prices and the growth of non-oil<br />
exports, and to US$137.3 billion in 2007 and US$143.7 billion in 2008. According to<br />
official balance-of payments statistics, oil and gas exports account for almost 60<br />
percent of the UAE’s total export revenues (including re-exports). Non-oil sectors of<br />
the economy contribute approximately 40percent of the country’s total exports. The<br />
primary destinations of UAE exports in 2005 were Japan (26 percent of total<br />
exports), South Korea, Thailand, and India.<br />
6. INDIA-UAE Trade Relations<br />
India and United Arab Emirates (UAE) enjoy strong bonds of friendship which are<br />
founded on millennia-old cultural, religious and economic intercourse between the<br />
two regions. People-to-people contacts and barter trade between the two regions<br />
have existed for centuries. The relationship flourished after the accession of H.H.<br />
Sheikh Zayed Bin Sultan Al Nahyan as the Ruler of Abu Dhabi in 1966 and<br />
subsequently with the creation of the UAE Federation in 1971. Both sides have<br />
made sincere efforts to improve relations in all fields.<br />
India has signed the following treaties with the UAE<br />
Extradition Treaty, Mutual Legal Assistance Treaty in Criminal Matters & Mutual<br />
Legal Assistance Treaty in Civil Matters: Signed in New Delhi in October, 1999<br />
provide for Extradition and Mutual Legal Assistance in Civil and Criminal Matters<br />
and came into force in May 2000.<br />
Agreement on Juridical and Judicial Cooperation in civil and commercial<br />
matters: Signed in New Delhi in October, 1999 and provides for Juridical and<br />
Judicial Cooperation in Civil and Commercial Matters, came into force on<br />
29.5.2000.<br />
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Agreement to Combat Trafficking in Narcotic <strong>Dr</strong>ugs and Psychotropic<br />
Substances: Signed in New Delhi on January 6, 1994, provide for exchange of<br />
information through nodal agencies on smugglers, suspects, financiers,<br />
organizers and those involved in trafficking of narcotic drugs and psychotropic<br />
substances.<br />
Civil Aviation Agreement: Signed in March 1989, provides for establishing air<br />
services between and beyond India and the UAE<br />
Cultural Agreement: Signed on January 3, 1975 provides for Cultural Exchange<br />
Programmes. The last Cultural Exchange Programme under this agreement<br />
covered the years 1994 to 1996.<br />
Defense Cooperation Agreement: Signed in June 2003 in New Delhi, provides<br />
for cooperation between the two countries in matters related to security and<br />
defense and for annual meetings of 'Strategic Dialogue'.<br />
Information Cooperation Agreement: Signed in New Delhi in April 2000 between<br />
the Emirates News Agency (WAM) and the Press Trust of India (PTI), provides<br />
for cooperation and exchange of news.<br />
Channel Carriage Agreement: Signed on 24.09.2000 at Abu Dhabi between the<br />
Directorate General of Doordarshan Broadcasting Corporation of India [Prasar<br />
Bharati] and the Emirates Cable TV and Multimedia LLC [E-Vision] provides for<br />
the down-linking and distribution of DD World signals in the UAE through E-<br />
Vision's cable network.<br />
MoU on Manpower Sourcing signed in December 2006<br />
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7. SWOT Analysis<br />
Strength<br />
The UAE is an element of the Gulf Co-operation Council, which being a<br />
common market can access the GCC market with common favorable terms.<br />
The UAE has one of the most tolerant trade regimes in the Gulf, and attracts<br />
strong capital flows from across the region.<br />
In general with most Gulf States, there are a high number of expatriate<br />
workers at all levels of the economy, making up for the otherwise small<br />
workforce.<br />
Weakness<br />
The UAE’S currency is peg to the dollar, giving it minimum control over<br />
monetary policy and reducing its ability to tackle inflationary pressure.<br />
Opportunities<br />
Oil prices expected to stay high (by historical standards).<br />
Economic diversification into gas, going to places of interest, financial services<br />
and high- tech industry offers some protection against volatile oil prices.<br />
The structure, tourism and financial sectors are growing rapidly, driven by<br />
domestic and foreign Investment.<br />
Threats<br />
Some bottlenecks have been form in the construction sector and there is a<br />
chance of delays in several high – profile construction projects.<br />
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8. PESTEL Analysis<br />
. Political analysis<br />
The UAE government is considered to have a steady policy-making agenda.<br />
The country is also one of the first Gulf countries to have conducted partial elections<br />
in the region. However, the absence of democratic institutions and weak relations<br />
with Iran now pose problems for the government.<br />
Economic analysis<br />
The state budget surpluses that the UAE enjoys have been driven by high oil<br />
prices; two-thirds of the UAE’s fiscal revenues are accrued from oil and gas sales.<br />
The government's high degree of dependence on exports of these resources for its<br />
revenues makes it vulnerable to oil price movements, and it has realized that in the<br />
long term more reliable sources of tax revenues will be required. The economy's<br />
overdependence on oil revenues is now causing the government to be concerned<br />
about future sustainability.<br />
Social analysis<br />
The country has a low level of unemployment and an abundance of semiskilled<br />
youth workers for its labor markets. However, low literacy and a lack of proper<br />
facilities for education are dogging the social system. Furthermore, the government's<br />
expenditure on coaching is low.<br />
<strong>Technological</strong> analysis<br />
The country has a strong telecommunication network with state-of-the-art<br />
technologies. As a result, it is attracting entrants to its IT market at a rapidly<br />
increasing pace. However, poor science education and a lack of R&D facilities are a<br />
hindrance to technological development.<br />
Legal analysis<br />
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The UAE is one of the few tax-free zones in the world, with virtually no tax<br />
laws in the country, and the country has also improved its policy towards the<br />
industrial sector. However, the federation’s company ownership laws still act as a<br />
hurdle to foreign direct investment (FDI) flows and continuous government<br />
interference in business affairs can stifle the performance of businesses in the<br />
country.<br />
Environmental analysis<br />
The country has a strong integrated environmental development program,<br />
with supporting economic policies. Its ecological procedures are integrated with the<br />
Environmental Impact Assessment (EIA) program, which is part of business practice<br />
in the UAE. However, the increasing level of emissions is still a concern, with the<br />
country being one of the largest producers of oil in the world.<br />
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PART – II<br />
MICRO ANALYSIS OF<br />
INDUSTRY/SECTOR<br />
OF UNITED ARAB<br />
EMIRATES<br />
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OIL AND GAS INDUSTRY OF UAE<br />
By far the biggest deposits of oil in the Emirates have been found in Abu Dhabi. The<br />
emirate controls more than 85 per cent of the UAE’s oil output capacity and more<br />
than 90 per cent of its reserves. As oil exports began in the late 1950s and early<br />
1960s, it was still a largely undeveloped desert emirate inhabited by nomads, pearl<br />
divers and fishermen. The ruler’s fort was the only building of substance on Abu<br />
Dhabi island, the site of the city today. There were no roads or basic amenities.<br />
Expatriate workers from Bahrain or Kuwait – where the petroleum industry was much<br />
more advanced – were flown in on small aircraft which landed on runways of<br />
flattened sand mixed with oil. In 1966, when Sheikh Zayed bin Sultan Al Nahyan<br />
became ruler, there were fewer than 20,000 people living in Abu Dhabi.<br />
The UAE along with other GCC nations have undertaken significant expansion<br />
projects in order to increase production capacity and maintain market stability. The<br />
UAE continues to significantly increase its production to supply the global energy<br />
markets. While some OPEC nations and many non-OPEC nations have seen<br />
production declines over the last five years, the UAE has increased its total<br />
production of crude oil by approximately 31 percent.<br />
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Consumption and Exports of Oil in UAE (2001-08) (in thousand barrels/day)<br />
UAE does not have huge gas reserves hence the exports of gas are less then<br />
consumption. Most of the gas produced is natural and is used mainly for internal<br />
consumption. Internal consumption has increased at a CAGR of 9% from 2001 to<br />
2008. Increasing industrialization, population and building construction sector are the<br />
key drivers for this growth. Exports have decreased mainly due to increase in<br />
internal consumption and extreme competition which UAE faces with Qatar and Iran.<br />
UAE continues to identify new projects in the upstream oil and gas sector which aims<br />
to boost the nation's crude oil production capacity to nearly 4 million barrels per day<br />
by 2020, which would amount to an additional increase of approximately 40 percent<br />
over current production levels.<br />
Under the UAE's constitution, each emirate controls its own oil production and<br />
resource development. Dubai Petroleum Company (DPC) is the main upstream<br />
operator in Dubai. The state owned Dubai Natural Gas Company (DUGAS) is<br />
responsible for processing natural gas produced in Dubai's offshore oil fields as well<br />
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as the gas pipes from Sharjah. The second main producer is Abu Dhabi Marine<br />
Operating Company (ADMA-OPCO).<br />
Percentage share of Key Upstream players<br />
ADNOC is the leading company in UAE producing maximum oil in the region<br />
based out of Abu Dhabi giving it is oil rich status.<br />
ADNOC has a range of almost 14 companies refining oil and manufacturing<br />
petroleum products under it. Players like Enoc, Japan Oil, Exxon Mobil as fast<br />
growing companies which are making their mark in manufacturing quality products<br />
and increasing the exports of the country.<br />
This system is capable of supplying more than 300 million cubic feet of gas per day<br />
and has the capacity to meet all customers' needs well into the 21st century.<br />
UAE has maintained its strong hold in oil exports capitalizing on its huge reserves.<br />
Increasing industrialization, inflow of industries, increase in automotive traffic etc has<br />
led to increase in internal consumption of oil as well. Oil consumption has grown at a<br />
CAGR of 8% from 2001 to 2008. Growth in exports has been more or less constant<br />
and there has seen a steady increase of 1 - 2 % year on year where 2003 and 2006<br />
saw high increases of 14% and 8% respectively. Financial crisis in 2008 lead to<br />
decline in oil prices and had an adverse impact on the exports resulting in a decline.<br />
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Potential for import / export in India / <strong>Gujarat</strong> Market<br />
UAE companies are in talk with <strong>Gujarat</strong> Alkalies & Chemicals Ltd (GACL) Proposes<br />
to set up caustic soda facility in UAE.<br />
State-owned <strong>Gujarat</strong> Alkalies & Chemicals Ltd (GACL), the country’s largest caustic<br />
soda manufacturer, is in talks with a UAE-based business group for setting up a<br />
caustic soda manufacturing facility in the UAE.<br />
The Rs 1,200-crore GACL has asked the foreign player to conduct a market survey<br />
to assess the demand for caustic-chlorine products in the UAE.<br />
The GACL officials were in Dubai recently to take this further. “The UAE-based entity<br />
had approached GACL seeking its co-operation to establish a caustic soda<br />
manufacturing plant in the UAE. Currently, a market survey is being carried out on<br />
the type of ancillary industries present there and the requirement of caustic and<br />
chlorine in the UAE,” sources close to the development told Business Standard.<br />
They said the nature of collaboration would be finalised only after the results of the<br />
survey were out. The market survey is likely to take around four months. While the<br />
name of the group is not known, it is a leading business houses with operations in<br />
the UAE. GACL is also said to be open to the idea of joining hands with the foreign<br />
player.<br />
GACL managing director Guruprasad Mohapatra believes that there is a good<br />
potential for caustic soda and chlor-alkali business in the West Asia. “If things work<br />
out, the production capacity of the plant may be in the range of 750 tonnes per day<br />
(tpd) to 1,000 tpd,” sources said.<br />
Future Outlook of Oil & Gas Sector<br />
UAE with roughly 8% of the global resources and oil to last for 100 years is definitely<br />
at an enviable position. Given the high global demand for energy and supply and<br />
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increased reliance of transportation sector on oil, economic growth will continue to<br />
be strong due to oil revenues.<br />
UAE economy has been in a state of boom of the past eight years with the GDP<br />
recording double growth rates in each successive year. Despite largely successful<br />
efforts at economic diversification, nearly 40% of GDP is directly based on oil and<br />
gas output. A number of challenges face the UAE, some relating to the oil industry<br />
itself, and others concerning the economic management of the oil wealth. Aside from<br />
the need for a large capital infusion into the industry, UAE has the additional<br />
challenge of using the sector as a vehicle for increasing intraregional trade. The<br />
most important challenge, however, lies in designing appropriate macroeconomic<br />
policies to ensure that the oil wealth is managed effectively.<br />
The oil market this year in 2009 has been strongly impacted by the financial crisis,<br />
global recession and resulting erosion in world oil demand. These factors have<br />
substantially magnified the uncertainties affecting the market and contributed<br />
significantly to volatility.<br />
The UAE's anti-crisis stimulus measures as a percentage of (GDP) are the largest<br />
among global emerging markets and is set to boost liquidity. The UAE Central Bank<br />
has put in place two support packages worth Dh120 bn and has also guaranteed<br />
bank deposits and allowed lenders to perform dirham-dollar swaps. The Abu Dhabi<br />
Government pumped about Dh16 bn into a recapitalization exercise involving five<br />
banks. These measures constitute about 16% of the country's 2008 GDP. Measures<br />
taken by bank, positive signs of economic recovery and the recent surge in oil prices<br />
due to OPEC production cuts has contributed to reviving investor confidence. This<br />
coupled with increased demand of oil and gas from developing economies is set to<br />
give an optimistic look to the UAE oil and gas sector. World oil consumption is<br />
expected to rise for the first time in two years in 2010 as a recovery in the global<br />
economy boosts demand. As one of the fastest growing economies in the world, the<br />
outlook for the UAE economy is very positive and this scenario is likely to continue in<br />
the foreseeable future.<br />
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DIAMOND INDUSTRY OF UAE<br />
Dubai emerges as world’s 3rd largest diamond hub<br />
Dubai is set to reinforce its position as the world's third largest diamond trading hub<br />
with the value of 2011 trading set to surpass the $35 billion mark achieved in 2010,<br />
Ahmed bin Sulayem, Executive Chairman of Dubai Multi Commodities Centre, or<br />
DMCC, said on Monday. From $20 billion in 2009, the value of Dubai's vibrant<br />
diamond trade rose to $35 billion in 2010, and this year it is poised to scale new<br />
highs, bin Sulayem said at a press briefing to announce the 8th Dubai City of Gold.<br />
Dubai hosts inaugural pearl auction<br />
Dozens of containers filled with pearls sat in rows on a long line of tables while more<br />
than 100 buyers from 20 countries milled about. The auction, which featured pearls<br />
ranging in color from champagne to steel-grey, was a low-key affair held at the Dubai<br />
Multi Commodities Centre; no gavels, no frantic bids, just the sound of pearls<br />
clinking against each other and muted chatter. The atmosphere, however, belied the<br />
true weight of the business being conducted.<br />
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Dubai diamond trade rises 22% to 182m carats<br />
Dubai Diamond Exchange (DDE), a subsidiary of Dubai Multi Commodities Centre<br />
Authority (DMCCA), yesterday announced that the total diamond trade in the emirate<br />
reached 182 million carats in 2009, 22 per cent more than the 2008 figures.<br />
According to figures from the Dubai World Statistics Department, a total of 80 million<br />
carats of polished diamonds were traded through the emirate in 2009 increasing by<br />
more than 150 per cent from 2008 when 32 million carats were traded. Rough<br />
diamond trade.<br />
Dubai records 99.6 million worth of pearl trade in 2009<br />
Dubai Pearl Exchange (DPE), a subsidiary of Dubai Multi Commodities Centre<br />
Authority (DMCCA), announced today that a total of Dh99.6 million worth of pearls<br />
was transacted in Dubai in 2009. According to statistics from Dubai World Statistics<br />
Department, the pearl trade rose from Dh95 million to Dh99.6 million last year, driven<br />
by a 30 percent increase in imports. These figures are especially impressive given<br />
the extremely tough economic conditions that were expected to impact the trade.<br />
Pearl Dubai, Sotheby’s Tie-up<br />
Pearl Dubai, developers of the 20 million sq ft sustainable Dubai Pearl integrated<br />
destination overlooking the Palm Jumeirah, announced a tie-up with Singapore<br />
Sotheby's International Realty to leverage its luxury real estate network of offices<br />
across Asia for promoting the upscale development to high net-worth individuals.<br />
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Dubai Pearl will commence a road-show across key Asian hubs in collaboration with<br />
Singapore Sotheby's International Realty. Expected to begin in March 2010.<br />
New diamond boiling facility set up<br />
A specialized plant for removing dirt and trace materials from rough and polished<br />
diamonds has been set up at the Dubai Multi Commodities Centre's (DMCC) Almas<br />
Tower, the Dubai Diamond Exchange (DDE) announced yesterday. The state-of-theart<br />
diamond boiling facility will be used to ensure that diamonds reach their highest<br />
potential value. Boiling companies have existed to assist the rough diamond trade<br />
since the stones started to be mined on a large scale.<br />
Dubai, Angola explore opportunities to promote diamond trade<br />
Dubai Multi Commodities Centre (DMCC) announced on Sunday that it has begun<br />
exploring opportunities to strengthen ties with Angola in the area of diamond trade.<br />
Dubai's delegation, comprising Ahmed Bin Sulayem, Executive Chairman of DMCC,<br />
Peter Meeus, Chairman of Dubai Diamond Exchange and Paul Motmans, an expert<br />
on the Angolan economy, met with senior government officials of Angola at a highprofile<br />
dinner meeting in Luanda, Angloa, earlier this month.<br />
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Giant diamond showcased in Dubai<br />
A giant rough diamond mined from South Africa, and expected to be snapped up by<br />
a local buyer, was named in Dubai yesterday. The diamond, a 478-carat white gem,<br />
measuring more than five centimeters long and worth upwards of Dh36.7 million<br />
(US$10m) was named after the Lesotho mine where it was uncovered in December:<br />
the Leseli La Letseng, or Light of Letseng. It is the 20th largest diamond in the world.<br />
"The naming of what could become the largest-ever polished round diamond is<br />
another.<br />
Dubai colored stones market shows strong growth potential<br />
The colored stones market is set to expand faster than other jewellery categories in<br />
the next five years, according to a new survey released yesterday by the Dubai<br />
Gems Club (DGC), a subsidiary of the Dubai Multi Commodities Centre (DMCC).<br />
The findings of the survey were released at the ICA International Gem Fair 2008, the<br />
region's first dedicated colored stones trade show, being held in Dubai this week.<br />
The research, a first for the region's colored stones industry.<br />
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Dubai to host world's first Pearl Forum<br />
The Dubai Pearl Exchange, a subsidiary of the Dubai Multi Commodities Centre<br />
(DMCC), announced that it would host the first-ever World Pearl Forum, with the<br />
objective of bringing together the global pearl sector, and addressing ways to grow<br />
the worldwide market for pearl jewellery. The initiative, sponsored by Dubai World, is<br />
in accordance with DMCC's continuing effort to revitalize the global pearl trade, and<br />
build on Dubai's historic status as the pearl centre of the Gulf.<br />
Dubai's rough diamond trade reaches US$3.03bn in first half 2008<br />
Dubai's total trade of rough diamonds increased by 36% to reach US$3.03bn at the<br />
end of the first six months of 2008, according to Dubai Diamond Exchange (DDE), a<br />
subsidiary of the Dubai Multi Commodities Centre (DMCC). During the first six<br />
months of 2008, rough diamond imports to the Emirate grew by 23% to reach<br />
US$1.15bn from US$937m, during the same period in 2007. This was mainly driven<br />
by high volumes imported from Angola (75%), and a 138% rise in imports from<br />
China.<br />
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Dubai and Thailand explore trade opportunities for colored stones<br />
Dubai Multi Commodities Centre (DMCC) and the Thai Gem and Jewellery Traders<br />
Association (TGJTA) signed an agreement Wednesday, making TGJTA the first<br />
affiliate member of the Dubai Gems Club (DGC), a strategic initiative of the Colored<br />
Stones and Pearls Division at DMCC. This agreement will boost trade opportunities<br />
between Dubai and Thailand, both fast-emerging markets for gems and colored<br />
stones.<br />
Company Information:<br />
Overview:<br />
Headquartered in Dubai, United Arab Emirates, Damas is the Middle East’s leading<br />
international jewellery and watch retailer. Founded in 1907, the company today<br />
operates more than 300 stores distributed across 12 countries, most of which are<br />
located in the GCC region. The company has grown from a UAE-based retailer into a<br />
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global brand name, and is also the retailer for a large portfolio of renowned global<br />
luxury brands.<br />
Damas sells jewellery and watches through four main store formats, which are<br />
uniquely positioned to address different consumer segment needs.<br />
Specifically, the Les Exclusives Stores offer high-end luxury products; Semi-<br />
Exclusives Stores offer stylish and sophisticated products for the discerning<br />
consumer; and the Damas 22K and 18K Stores offer trendy, fashionable and stylish<br />
products and brands at competitive prices.<br />
In addition to the four principal store formats, Damas also operates other outlets<br />
such as exclusive watch stores and Mono-brand boutiques.<br />
History:<br />
The Group has its origins in Syria in the early 1900s. In 1955, the business moved to<br />
the UAE and the first retail outlet was opened in 1959. By the end of 1985, the<br />
Damas Group had expanded with several retail stores throughout the UAE and in<br />
1988; the Group launched its first branded jewellery line under the Harmony brand.<br />
In the 1990s, the Group adopted an early version of its current marketing and<br />
merchandising strategy to develop its brands and products based on customer<br />
segmentation according to demographic profile, including its current store format<br />
structure.<br />
By 2000, the Group had established retail operations in Qatar, Bahrain, Oman and<br />
Jordan. In 2002, the Group expanded its operations to Kuwait and Saudi Arabia, and<br />
by 2004, the Group had further strengthened its presence within and beyond the<br />
Middle East.<br />
Damas established the Diamond Division to manage the sourcing of loose stones<br />
and finished jewellery.<br />
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RELATION WITH GUJARAT AND INDIA<br />
Chairman message<br />
“We are the only completely integrated diamond and jewellery manufacturer<br />
and retailer in the country. We have a strong presence at every level of the<br />
diamond business, right from sourcing diamonds at competitive prices from DTC<br />
as sight holders to retailing our products through a vast network of self owned<br />
and franchised stores, we have now moved on to entering the lifestyle and luxury<br />
segments. We are the pioneers of branded jewellery in India and have several<br />
established brands in our arsenal to tap the continuously growing branded<br />
jewellery market. Gili being not only the first brand under Gitanjali's umbrella, it is<br />
an introduction of branded jewellery to the Indian market. The list includes wellknow<br />
and well established brands such as 'Nakshatra', 'Asmi', 'Sangini',<br />
'D'damas' and ‘Gitanjali”<br />
History<br />
Gitanjali Group was established in 1966 and is one of the earliest diamond<br />
houses in India. Having received over 50 National and Council awards from the<br />
Ministry of Commerce, India for outstanding exports, it is today one of the<br />
leading diamond and jewellery export companies in India. Gitanjali, a $900<br />
million multinational group, is a Public Listed Company. Gitanjali's unique<br />
business model encompasses a wide range of activities like rough diamond<br />
sourcing, diamond manufacturing and distribution, jewellery manufacturing,<br />
jewellery branding and jewellery, lifestyle and watch retailing at the domestic and<br />
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international level. The Group has its business spread across the globe including<br />
countries like USA, UK, Middle East, Thailand, Belgium, China, Japan, Italy and<br />
South East Asia.<br />
Gitanjali's firsts include:<br />
* Introducing the concept of affordable branded diamond studded jewellery in India<br />
* <strong>Of</strong>fering jewellery in Superstores, Department Stores and other such retail outlets<br />
at MRP<br />
* <strong>Of</strong>fering the same quality, designs and prices throughout India with a certification of<br />
authenticity for the same from renowned diamond grading laboratory<br />
* Producing the smallest heart shaped diamond (0.03 carat)<br />
* A mail-order catalogue for branded diamond jewellery. (0.03 carat)<br />
* Gitanjali Luxury Lifestyle Festival – a unique celebration for International Luxury<br />
and Lifestyle products. (0.03 carat)<br />
Vision and Mission<br />
Gitanjali Group was established in 1966 and is one of the earliest diamond houses<br />
in India. Having received over 50 National and Council awards from the Ministry of<br />
Commerce, India for outstanding exports, it is today one of the leading diamond and<br />
jewellery export companies in India. Gitanjali, a $900 million multinational group, is a<br />
Public Listed Company. Gitanjali's unique business model encompasses a wide<br />
range of activities like rough diamond sourcing, diamond manufacturing and<br />
distribution, jewellery manufacturing, jewellery branding and jewellery, lifestyle and<br />
watch retailing at the domestic and international level. The Group has its business<br />
spread across the globe including countries like USA, UK, Middle East, Thailand,<br />
Belgium, China, Japan, Italy and South East Asia.<br />
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Values<br />
Integrity, Solidarity, Credibility and Perfection Gitanjali's success story is the<br />
result of various success stories culminating in creating a coveted, global<br />
organization. It is a result of a farsighted strategy, painstakingly crafted over last<br />
40 years.<br />
At every step, Gitanjali translates its vision into a vibrant, shining reality visible to<br />
all. With careful positioning, immense investments, dedicated effort, unique<br />
creations, quality assurance and timely delivery has sited us at the crest of a<br />
wave that is moving upwards with great momentum.<br />
D'damas is one of the most popular jewellery brand in the country today with a<br />
presence in over 159 towns and cities.A joint venture between Gitanjali Gems and<br />
the Dubai based Damas Group; D'damas is a sub-brand that combines international<br />
quality with Indian values.<br />
D'damas' vast variety of brand allows every customer a choice of jewellery to reflect<br />
her personality, tastes and to suit every occasion. It has gold and diamond studded<br />
jewellery matching various lifestyle, occasion and price points that cater to diversified<br />
customers.<br />
D'damas is committed to the highest levels of customer satisfaction, and every piece<br />
of jewellery comes with a special certificate of authenticity assuring of both the<br />
diamond and gold content of the piece. D'damas jewellery is accompanied with an<br />
IGI certificate & Hallmarking, a world renowned, further certifies the diamonds, which<br />
is headquartered in Antwerp.<br />
Each sub-brand under D'damas offers stylized and contemporary designs,<br />
conceptualized and created by an in-house team of award winning designs.<br />
Their strength in design has been recognized repeatedly with D'damas designers<br />
having won a number of design awards.<br />
In 2003 Gitanjali Group and Damas, Dubai – the largest retailing jewellery brand<br />
chain in the Middle East came together to form D’damas. D’damas is present in 400+<br />
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towns across India and available across 1000+ retail counters. D’damas has the<br />
largest single brand exclusive franchisee network in India and is the first Indian<br />
brand to have showrooms abroad. Thus it’s the most widely available brand across<br />
the country, making it not only unique in terms of awareness but also universal in<br />
availability, thus giving consumers across all these towns opportunity to own a lovely<br />
design of D’damas – a brand that India loves to wear .<br />
D’damas jewellery represents who you are, giving a wide choice to consumers to<br />
choose from. D’damas understands the importance of jewellery to woman and thus<br />
creates stunning designs from scratch. They understand what a modern woman of<br />
today demands, and thus use the best quality superior diamonds engraved in gold to<br />
design jewellery that you’ll treasure for life.<br />
D’damas has in-house designers, who are always in tune with the latest trends and<br />
consumer demands, to give the consumer jewellery that they will instantly fall in love<br />
with. Choose from over 2,000 designs that emanate elegance, style and modernity.<br />
D’damas range consists of exquisite design in Plain Gold and Gold Studded<br />
Diamond Jewellery, & Semi Precious Stones. Thus by sheer choice it caters to all<br />
needs, moods, emotions & tastes of its consumers. Every piece of jewellery comes<br />
with a special certificate of authenticity providing complete assurance about both the<br />
diamond and gold content of the piece.<br />
D’damas with its basket of very powerful sub-brands like Lamhe, Glitterati, Vivaaha,<br />
DER, Solitaire, & Saumya has unique and contemporary designs to suit every<br />
emotion, moment or occasion. Its amazing range thus gives the widest choice to the<br />
consumers and price points. Besides it is the most widely available brand across all<br />
retail touch-points across the country, making it not only unique in designs but also<br />
universal in availability.<br />
It helps give meaning to important occasions, the magical moments of life that<br />
nurture the soul, define our culture, our passions. Jewellery from D’damas gives you<br />
a reason to celebrate very moment of this life, always.<br />
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Sub-brand<br />
D’damas offers D’damas Lamhe that offers jewellery for the special moments in your<br />
life. This collection offers styles and designs in diamond and gold that will suit your<br />
special moments and make them even more special. Conceived to portray your<br />
intense emotions and feelings, the designs are sleek and elegant that dazzles and<br />
delights everyone’s eyes.<br />
D’damas Glitterati epitomizes the world of Bollywood in its designs. Glitterati reflect<br />
the personality of our stars and their styles are amalgamated in the designs.<br />
Traditional Indian designs with international feel in shapes of studs, simple straight<br />
lines and elegantly crafted geometrical shapes makes Glitterati a sought for<br />
collection.<br />
When you own a Damas Solitaire your stature in the society is difficult to get to.<br />
Sparkle in the crowd by owning a superior cut diamond that adds radiance to your<br />
personality. So it’s rightly said as the power of one in a billion.<br />
Wedding – a very special day in every girl’s life is yet another day of celebration<br />
of D’damas as it offers to the customers the D’damas Vivaaha collection. Add a<br />
glow to your wedding attire by adorning a piece of jewellery from versatile<br />
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Vivaaha collection stylized in diamonds. Select your wedding ring, Mangalsutra,<br />
wedding bands and sets for your new beginning.<br />
D’damas will make your romance last forever with DER. Find a large collection of<br />
diamond engagement and commitment rings in precisely cut diamonds right from<br />
simple yet elegant, trendy yet contemporary to seal your relationship forever.<br />
A new range of jewellery line from D’damas, Saumya, is an amalgamation of<br />
religion and spirituality that form the core values of Indian culture. Traditional and<br />
historic designs convey the love, pride, power, serenity, purity of the woman.<br />
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TEXTILE INDUSTRY OF UAE<br />
The textile industry Arabian is one the important industries for the economy. Its<br />
importance is underlined by the fact that it accounts for around 4% of GDP, 14% of<br />
the industrial production and 17% of the country’s total earnings export. Textile<br />
industry is the second-largest employment generating industry in both rural and<br />
areas urban, after the agriculture industry.<br />
The vast pool of skilled and workers unskilled, availability of labor at low costs,<br />
strong base for production of the raw materials characterize the textile in India.<br />
Increase in domestic demand and ability of the units in the industry to process small<br />
or customized orders are some of the advantages for the textile industry in India.<br />
Textile sector is diverse and has hand-spun and hand woven segments at one end<br />
of the spectrum, and sophisticated and modern mills at the other.<br />
Business activity of the Industry:<br />
There are many opportunities for UK Business in the United Arab Emirates (UAE).<br />
UKTI can provide a wealth of information and guidance on doing business in the<br />
UAE.<br />
This includes are:<br />
<br />
<br />
<br />
<br />
Doing Business Guides<br />
Sector Briefings<br />
FCO Country Updates<br />
Overseas Business Risk information<br />
Looking at this in connection with data of economic and fiscal stimulus initiatives, we<br />
judge that the main opportunities will be in oil and gas, energy, construction, mass<br />
transport, security, health and education.<br />
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Over the 3 decades, the Emirates Group started its activities in Dubai with Textiles.<br />
Although now that the group has diversified its business activities, it continues to be<br />
a force in the trading of textile products.<br />
The company two textile outlets in the Dubai, one each at Bur Dubai and Deira. Both<br />
of these are semi-wholesale outlets. The one at Bur Dubai outlet deals mainly in 44"<br />
Saris, SKDs, <strong>Dr</strong>ess materials, shirting's, suiting products made in India, Indonesia,<br />
China, Thailand & Japan.<br />
Both the outlets have established clientele and are manned by persons who are<br />
experienced and well versed in the textiles trade.<br />
The Deira outlet deals in 58 products such as various stretches, basic, semi fancy<br />
and fancy materials made in Korea, Taiwan, China & Japan and Abhaya Shailla.<br />
Abhaya Shailla is an integral part of the dress in the Muslim world. As part of our<br />
commitment to provide quality fabrics for various apparels and understanding the<br />
needs of the region, the Emirates Group entered into the Abhaya/Shailla segment.<br />
Emirates Textiles Deira Branch stocks high quality fabrics used for making Abhaya<br />
and Shaillas. These fabrics are sourced from Japan, Korea and Indonesia. The<br />
stitching units as well as traders spread across the G. C. C. are the company's<br />
customers.<br />
Business opportunity in future related to industry:<br />
In the UAE, economic activity is regulated by individual emirates as well as the<br />
Federal Government. In Dubai, the authorities have deliberately sought to create an<br />
environment which is well ordered without being unduly restrictive.<br />
There are many options open to international companies seeking to establish a<br />
business relationship with Dubai. Apart from forming a trading relationship, for many<br />
companies there are distinct advantages in being on-the-spot to research market<br />
prospects, make contacts, liaise with customers, and see through the details of any<br />
transactions and orders secured.<br />
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Having a presence can provide considerable business advantages in the Middle<br />
East. Businessmen in the region prefer to deal with someone they know and trust<br />
and personal relationships are much more important in doing business in the Arab<br />
world than they are in Western Europe or America. Also, the buying patterns of some<br />
countries served by Dubai tend to be unpredictable, creating a need for first class<br />
market intelligence and information.<br />
MBA (Marketing) / PGDBM / Graduate with minimum7 years of Business<br />
Development experience in Textile company outlet in INDIA& Abroad. He will be<br />
responsible to identify new business opportunities, including alliances / partnerships<br />
and new types of business to enable growth required, such as large fashion retailers,<br />
department stores, supermarkets and kids stores, continuously scan the<br />
environment for business opportunities and conduct feasibility studies and<br />
investment/expansion reviews to develop appropriate business plans, Own and<br />
champion the business development plan for the UAE region, and ensure<br />
implementation, Ensure inappropriate balance of focus between increasing<br />
penetration of existing accounts and developing new accounts, Timely delivery on<br />
project commitments, Regularly meet with distributors and retailers to develop and<br />
implement precise sales and marketing plans and to foster good relations with<br />
accounts understanding their goals, conditions market, challenges, competitive<br />
activities and possible unique opportunities, Maintain excellent relationship with<br />
existing clients and develop customers base simultaneously, Review and negotiate<br />
retail price positioning, price structures and distributor terms to validate our position<br />
in each market, Review terms, space, location and special offers with retailers to<br />
satisfy corporate goals set with distributors, Ensure brand presentation standards for<br />
all visual elements including presentations to merchandising follow the corporate<br />
direction.<br />
The suitable candidate will be responsible to identify new business opportunities,<br />
including alliances / partnerships and new types of business to enable growth<br />
required, such as large fashion retailers, department stores, supermarkets and kids<br />
stores, continuously scan the environment for new business opportunities and<br />
conduct feasibility studies and investment/expansion reviews to develop appropriate<br />
business plans, Own and champion the business development plan for the UAE<br />
region, and ensure implementation, Ensure an appropriate balance of focus between<br />
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increasing penetration of existing accounts and developing new accounts, Timely<br />
delivery on project commitments, Regularly meet with distributors and retailers to<br />
develop and implement precise sales and marketing plans and to foster good<br />
relations with accounts understanding their goals, market conditions, challenges,<br />
competitive activities and possible unique opportunities.<br />
COMPANY PROFILE<br />
INTRODUCTION OF EMIRATES INDUSTRY:<br />
Established in 1978 under the leadership of <strong>Dr</strong>. Juma Khalfan Belhoul, a prominent<br />
national UAE, the company is an LLC. The factory is located at Al Quoz Industrial<br />
Area, Dubai with state of the art technology and highly skilled labor. It has been<br />
acknowledged as the largest manufacturer & supplier of uniforms in UAE,<br />
specialized in Customized Uniforms.<br />
It is one of the forerunners in the UAE’s flourishing garments industry mainly<br />
uniform manufacturing. Emirates Industries LLC occupy an emerging niche in UAE<br />
market which caters to all sectors ranging from Government & Semi-Government<br />
Organizations to Transport Organizations, Hotels, Hospitals, Petroleum<br />
Companies, Construction Companies and Educational Institutions. The Company’s<br />
success stems from the professional pool of highly qualified personnel who<br />
contribute to the overall success of the company and the highly skilled labor who<br />
contribute to the core activities. The product line includes shirts, trousers, blouses,<br />
jackets, coats, coveralls and a wide variety of other items.<br />
The Company has recently expanded its in-house production facilities and is well<br />
positioned to market its garments/uniforms beyond its present client base. The<br />
company is dedicated to providing the highest quality products, meeting the agreed<br />
delivery dates and executing the customized work exactly in accordance with the<br />
client’s concept. To cater to the needs of individual customers, it also has an order<br />
collection & delivery centre at Al Garhoud, Dubai<br />
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VISION:<br />
To become the leader in manufacturing & supply of all types of uniforms with highest<br />
quality at reasonable prices in the Middle East & GCC (Cooperation Council for the<br />
Arab States of the Gulf) countries<br />
Corporate Sector:<br />
Hospitality Sector:<br />
Medical Sector:<br />
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Industrial Sector:<br />
Education Sector:<br />
Accessories & Linen Items:<br />
Emirates Industries has added in-house fashion designing to its capabilities to<br />
enable the customers to have options to choose from some of the best designs for<br />
their uniforms. The professional designing team will handle all the needs of<br />
customer and right from attractive designs to final product. The team members<br />
offers interactive designing including understanding the customer needs, on site<br />
presentations of designs, sample approvals etc.<br />
Trade Policies and Tariff Policy for Textile Industry<br />
<br />
India has reached on an Agreement for reciprocal market access<br />
commitments for Textiles and Apparel with the negotiation of the WTO<br />
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Agreement on Textile & Clothing. It provides elimination of Quota system of<br />
Textiles & Apparel from 1st January 2005.<br />
Under Indo-US Agreement of 1st January 1995, India agreed to reduce tariffs<br />
on Textile & apparel and remove all the restrictions on these products.<br />
From 1st April 2000, Govt. <strong>Of</strong> India reduced tariffs on: . Manmade Fibers &<br />
Filament Yarns from 35% to 20% · Cotton Yarn from 25% to 20% · Spun,<br />
Blended, and Woolen Yarn from 40% to 20 %<br />
India agreed to bind its tariffs on 265 textile & apparel products (Textured<br />
Yarns of Nylon & Polyester, Filament Fabrics, Sportswear, and Home<br />
Textiles.)<br />
Apparel products are free from Excise Duties & various Taxes.<br />
Customs duty on Polyester Filament Yarns is reduced from 10% to 7.5%.<br />
Duty on other Filament yarns will be remain at 10%.<br />
Customs duty on Polyester Staple fibers is reduced from 10% to 7.5%. Duty<br />
on other Man Made Staple fibers will be remain at 10%.<br />
Customs duty on Raw Materials such as DMT, PTA and MEG reduced from<br />
10% to 7.5%.<br />
For Small Scale Industries there is Full Exemption Limit being increased from<br />
Rs.1 crore to Rs.1.50 crores.<br />
Most of the products fall under HS code 61 and 62 carry an import duty of<br />
56.83% which includes 30% basic duty, 16% additional duty and 4 per cent<br />
special additional duty.<br />
Excise duty on Nylon Chips has been reduced from 16% to 12%.<br />
Optional excise duty on Nylon Fish Net Fabrics is increased from 8% to 12%.<br />
Excise Duty Exemption on specified Textile Machinery Items is withdrawn<br />
and 8% Excise Duty is imposed.<br />
CST rate reduced from 4% to 3% with effect from April 1, 2007.<br />
Removal of surcharge on income tax on all firms and companies with a<br />
taxable income of Rs.1 crore or less.<br />
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Import Licensing:<br />
India has liberalized its Import regime for Textiles and apparel, but some of the part<br />
is still limited for market access. Currently, there is no import restriction for yarns &<br />
fabrics items. Apparel & Made-up textiles goods require a Special Import License<br />
(SIL). Govt. revised Exim Policy on 31st March 1999 by eliminating Import Licensing<br />
Requirements for 894 consumer goods, agriculture products and textiles. On 28th<br />
December 1999 India and Us signed an Agreement for the elimination of import<br />
restrictions of 1,429 agriculture, textiles, consumer goods and apparel. India<br />
removed restrictions on 715 tariff items as of 1st April 2000.<br />
Custom Procedures:<br />
Marking, Labeling, and Packaging Requirements: Marking, Labeling, and Packaging<br />
Requirements for Textile products are technically complex and difficult to implement.<br />
According to textile regulation passed on 22nd july 1998 by GOI, Yarns, and Fabrics<br />
to have the statutory markings and these markings should not mislead the<br />
consumers. For instance, Cloths must be remarked with the name & address of<br />
manufacturer, a description of cloth, sort number, length in meters and width in<br />
centimeters, and washing instructions. The Manmade fiber cloth must indicate<br />
whether it is made by spun or filament yarn. The month & year of packaging, the<br />
exact composition of cloth. The Marking must appear on the face plate of each piece<br />
of cloth. The language for marking must be in Hindi and English with international<br />
numerals.<br />
Current Facts on India Textile Industry<br />
India retained its position as world’s second highest cotton producer.<br />
Acreage under cotton reduced about 1% during 2008-09.<br />
The productivity of cotton which was growing up over the years has<br />
decreased in 2008-09.<br />
Substantial increase of Minimum Support Prices (MSPs)<br />
Cotton exports couldn't pick up owing to disparity in domestic and<br />
international cotton prices.<br />
Imports of cotton were limited to shortage in supply of Extra Long staple<br />
cottons.<br />
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FOOD INDUSTRY OF UAE<br />
The food business in the United Arab Emirates (UAE) is a highly<br />
competitive one.<br />
The UAE depends heavily on imports to fill the gap between limited<br />
domestic food production and demand from a growing people base.<br />
Despite attempts to increase local production of food products in recent<br />
years the UAE still imports 85 to 90 per cent of its total food requirements.<br />
Companies involved in the importation and distribution of food are<br />
equipped with modern warehousing services, fleets of trucks, and a staff of<br />
sale representatives.<br />
The Food Control Department of Dubai Municipality has recently launched<br />
the Food initiative. The initiative, which was announced during Gulf food<br />
2013, is aimed at simplifying the procedures to get information related to<br />
the food safety.<br />
Dubai eateries and other food establishments have a comprehensive food<br />
code which they have to adopt to ensure international standards of food<br />
safety are followed. With the metropolis releasing the code, Dubai<br />
becomes first in the region to produce such a guideline that could be used<br />
by the entire food industry.<br />
“Dubai’s dream is to establish a world – class food safety that provides safe food to<br />
the residents and the several millions that Emirate each year.<br />
The food industry in the United Arab Emirates (UAE) is a highly competitive one. It<br />
has been valued by some as being worth US$ 2.8 billion. Inside this growing food<br />
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industry is the biscuit promote, which is important as it worth US$ 500 million. The<br />
annual per capital consumption of biscuit in the UAE is a whopping 6 kg. Tiffany<br />
Foods Ltd. is the market manager of the biscuit industry in the UAE. Tiffany Foods<br />
Ltd. was established in 1989 as a family owned private limited company. The UAE<br />
population can be categorized into three main types of people: The local Arabs, The<br />
expat Arabs, The Expats.<br />
As can be seen these three groups each have unique preferences as far as biscuits<br />
are concerned. The affluent local Arabs wish to indulge themselves with luxury, while<br />
the Expats (migrant workers) - the majority of whom belong to the lower rungs of the<br />
economic ladder - prefer practicality and the expat Arabs take a sort of middle-of-theroad<br />
approach. This divergence between the populace is the reason for the<br />
existence of the three market segments of the UAE biscuit industry: <strong>Dr</strong>y biscuits,<br />
Cream biscuits, Premium biscuits. The only approach then to capture the biscuit<br />
market is by participating in all the three of the market segments. However, this is<br />
not simple thing for any business to do as there are varying specific 1requirements<br />
for each of these market segments.<br />
Given this scenario, multiple businesses will prevail by specializing and finding niche<br />
areas within the biscuit market (e.g. McVitie's concentrates on producing only<br />
digestive biscuits - a type of premium biscuit). But Tiffany Foods Ltd. has been able<br />
develop its status as a subsidiary of the conglomerate called IFFCO, to contribute in<br />
all the segments of the biscuit market. This has therefore caused Tiffany Foods Ltd.<br />
to be the market manager for almost two decades now. However, with the entry of<br />
Nutro, a supplementary of Indian biscuit giant Britannia, Tiffany Foods Ltd.'s position<br />
as the market manager is being threatened. Nutro is aggressively promote their new<br />
products and want to become the market leaders in the <strong>Dr</strong>y and Cream categories.<br />
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Introduction of IFFCO<br />
Establishment in 1975, IFFCO is a United Arab Emirates based business house, which<br />
manufactures and market a well-integrated range of consumer products. IFFCO operate under<br />
the following business sector:<br />
Impulse foods, agri Business, Oils & Fats, Packaging, sales and Distribution. IFFCO also<br />
manufacture associated derivatives and intermediates associated with these business<br />
segments.<br />
Over the last three decades. IFFCO has developed brands that have built a strong market<br />
share in the United Arab Emirates UAE by offering their customer good value of money.<br />
IFFCO has grown consistently by building complimentary businesses supported by acquisitions<br />
in the UAE and internationally as well. This model of sustainable expansion has seen IFFCO’s<br />
transformation from a local company to a dynamic group of international companies with<br />
operation and manufacturing facilities in UAE, Pakistan, Malaysia, Tunisia, south Africa, turkey,<br />
Indonesia, China and Australia.<br />
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IFFCO VISION AND VALUE<br />
VISION<br />
Creating trust, Delivering value.<br />
“The Preferred Provider of Essential and Value Added Foods for everybody,<br />
Everywhere & Everyday”<br />
VALUES: Organization Commitment:<br />
1. Ensure diversity and equal opportunity by nurturing a multi cultural, international<br />
and gender diverse work force.<br />
2. Ensure meritocracy and to this end select, expand and promote employees on the<br />
basis of competence and capabilities.<br />
3. Provide opportunities and forums for two way communication to improve work<br />
performance and environment.<br />
4. Legislate safe, hygienic and healthy working conditions.<br />
5. Provide for a healthy work - life balance by defining time borders, meeting time<br />
commitments and punctuality.<br />
Organization’s Expectations<br />
1. Employees shall treat their colleagues with respect, dignity, sympathy and<br />
fairness.<br />
2. Managers shall build an enabling and supportive work environment that allows<br />
for a free exchange of ideas and views.<br />
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3. Managers shall ensure transparency of employee related policies and its<br />
equitabable application.<br />
4. Managers shall make and honor across geographies and business to develop<br />
capabilities for future company roles.<br />
INTEGRITY<br />
Personal Integrity<br />
1. Present information in a factual manner that is neither opinionated nor meant<br />
to drive a premeditated outcome.<br />
2. Be courageous in speaking the truth and not be fearful of consequences.<br />
3. Evaluate all sides of an issue to arrive at a fair and just resolutions do not rush<br />
to conclusion based on half truths, hear say or parochial consideration.<br />
4. Open and candid feedback dignifies people and creates room for<br />
improvement. Complaining, criticizing, gossiping and back biting creates<br />
conflicts and damages relationships irretrievably.<br />
5. Loyalty to company is best displayed when responsibilities are discharged in<br />
an neutral, professional and principled manner.<br />
6. Make commitments that can be honored and honor all commitments that are<br />
made.<br />
SYSTEM INTEGRITY<br />
1. Policies, systems and procedures need to be published for the sake of<br />
transparency and uniform applicability.<br />
2. Compliance to policy, systems and procedures promotes order and<br />
ease of administration. Not reporting a known defiance would mean<br />
complicity in violating company policy.<br />
3. Ensure security of company information. Disclose to relevant public<br />
only on a need to know basis.<br />
FISCAL INTEGRITY<br />
1. Use prudence, thrift and cost consciousness in the deployment of<br />
Company’s property, materials and money<br />
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2. Choose suppliers, partners, agents and employees on ability, cost and<br />
merit. Selection on any other basis will lead to compromised<br />
outcomes and will be construed as a breach of trust.<br />
3. Receiving or giving money, gifts or favors of any kind from or to<br />
business associates is tantamount to a bribe and an unethical act.<br />
EXCELLENCE<br />
1. Continuously benchmark all our policy, processes, and systems internally<br />
to drive efficiencies and obtain standardization across business units and<br />
geographies.<br />
2. Continuously benchmark with ‘best in class ‘approaches and companies in<br />
order to build and surpass global standards of value, cost and<br />
performance.<br />
3. Focus on continuous improvement, doing things correctly the first time and<br />
remove wastages in the buy, make and distribute work flow processes.<br />
4. Passionately encourage newer and innovative ways of doing work, creating<br />
products and services and deliver value to consumers.<br />
CONSUMER<br />
Consumer is the motive for us being in business and it is the consumer who creates<br />
wealth for the company.<br />
1. Our consumers reside directly across the markets in MENA and<br />
indirectly in many other parts of the world. Delivery mechanisms must<br />
ensure a continues flow and availability of our products and services.<br />
2. We must bring to bear our intellect, capabilities, insights, innovation<br />
and energies to create high quality products and services that delight<br />
the consumer.<br />
3. Our work in the company begins and ends with the consumer.<br />
feedback from the consumer shall be a critical ingredient in the design<br />
of products and services.<br />
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4. Work processes should seamlessly focus on the consumer despite<br />
department boundaries. We will use the question. ”Does this benefit the<br />
consumer”? To keep the focus of our decision and events.<br />
5. Market leadership is a measure of:<br />
The value we add to the consumer<br />
The level to which the consumer trusts our brands.<br />
The degree of distance from the struggle.<br />
The margins we appreciate from our brands.<br />
ENTREPRENEUR<br />
A large multi product, Multinational Corporation such as ours can be<br />
successful and sustainable only when employee displays:<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
A spirit of ownership….”this is mine”<br />
Take accountability and initiative and not wait to be told.<br />
View people, funds and assets entrusted as one’s own.<br />
Find new ways to reduce costs and increase revenues.<br />
Tirelessly exercise imagination to deliver synergy and optimal<br />
returns.<br />
Evaluate all options and downsides in making sound<br />
decisions.<br />
When required take calculated risks that enhance business,<br />
wealth and value.<br />
BUSINESS SEGMENT OF IFFCO<br />
1. Impulse foods<br />
2. Agri business<br />
3. Oils & fats<br />
4. Packaging<br />
5. Sales & Distribution<br />
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Impulse foods:<br />
1. Impulse foods 2. Agri business 3. Oils & fats<br />
Biscuits,wafers,snacks - flour,pasta,feeds,pulses -<br />
Retail,Industrial fats,<br />
Cakes,chocolates- fresh poultry,eggs - Oil trading,personal<br />
care<br />
Ice-creams - Fruits -<br />
Culinary,Spices<br />
Packaging<br />
Distribution<br />
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Plastics - Food services<br />
Corrugated boxes -Distribution<br />
companies<br />
Rules Regulation for Food Company<br />
Importing Foodstuffs<br />
Import Procedures<br />
Import procedures in the UAE follow standard international practice. Customs<br />
clearance at ports is usually straightforward.<br />
Import documentation<br />
Crucial import documentation includes:<br />
• A valid and relevant trade license<br />
• A pro-forma invoice<br />
• A commercial invoice from the original supplier<br />
• A certificate of origin<br />
• A packing list<br />
• A bill of lading<br />
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• A certificate of insurance<br />
• A delivery order from the shipping or line agent<br />
Special certificates may be required for some imports.<br />
Trade licenses<br />
Importers must have a trade license for the goods being imported. Only companies<br />
in the UAE that have the appropriate trade license can import products into the<br />
country.<br />
Opportunities<br />
Manufacturing opportunities in the UAE exist in most food category. However, the<br />
market is highly competitive given the UAE‟s open trade policies. The food service<br />
division is also a particular growth area given the significant expansion of the tourism<br />
sector and the large number of new hotels and resorts being opened in the UAE.<br />
Increasing demand for Food Items.<br />
Food consumption to rise steadily in the UAE over the coming years. The increase<br />
will be a result of rising disposable incomes, continued growth in population and<br />
tourism levels aided by the increased presence of modern retail format selling.<br />
Demand for processed and packaged foods increased considerably through the<br />
country’s economic boom (2002-2008).<br />
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CONSTRUCTION INDUSTRY OF UAE<br />
Arabian Construction Company (ACC) is a dynamic and progressive organization<br />
recognized as a leader in the region's construction industry.<br />
ACC has been operating since 1968 through a comprehensive regional network<br />
across the Middle East. From power generation and desalination plants to factories,<br />
hotels, hospitals, defense works, public buildings and intricately sophisticated smart<br />
buildings, ACC’s track record features a prestigious list of efficiently delivered<br />
projects.<br />
From power generation and desalination plants, to factories, hotels, hospitals, and<br />
intricately sophisticated smart buildings, ACC's track record is a prestigious list of<br />
efficiently delivered projects.<br />
Established contacts in the region, a dedicated workforce and an exacting standard<br />
for completion have gained the company a competitive edge well recognized in the<br />
industry. ACC benefits from a working network in many areas in the Middle East<br />
which allows it to mobilize rapidly throughout the region.<br />
ACC's advantage also lies in its ability to bring solutions to the client's requirements<br />
in all phases of project planning and execution. ACC offers full contracting services<br />
and has the flexibility to assist the client by securing additional expertise for<br />
feasibility studies, preliminary designs, financing opportunities and joint venture<br />
partners for optimum project delivery.<br />
ACC's management consists of highly qualified professionals with a distinguished<br />
track record in the region. ACC's staff have always taken on the challenge of<br />
broadening fields of operations and increasingly complex work standards over the<br />
past 40 years. In doing so, they have constantly acquired new skills and expertise<br />
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that keep them ahead in the industry. ACC is grateful to its human capital for its solid<br />
reputation in the Middle East and its prestigious list of repeat clients.<br />
ACC's clients are assured of the best possible service in project delivery as ACC's<br />
managers are committed to the success of each and every project.<br />
All of ACC's shareholders are involved in the day to day operations, being part of the<br />
management team with a vested interest in the success of all projects.<br />
Also, a flat organization structure with few levels of management guarantees access<br />
to senior company members with decision making authority to all outside parties<br />
involved in ACC projects, whether they are clients, consultants, subcontractors or<br />
financing parties.<br />
Facts about ACC in 2012<br />
1 Shared vision<br />
11 Countries of operation<br />
14 <strong>Of</strong>fices throughout the Middle East<br />
3,000 Professional staff<br />
30,000 Workforce<br />
1.4 billion US$ Annual turnover<br />
Services<br />
ACC's specialty fields include:<br />
• Infrastructure and civil works construction<br />
• Turnkey contracting<br />
• Value engineering<br />
• Industrial equipment procurement and installation<br />
Working fast track is also one of the Arabian Construction Company¹s specialties,<br />
assuring clients of consistently high standards within record time frames. ACC's<br />
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highly effective management, accurate planning and resource deployment are key<br />
elements in making these projects possible.<br />
The company carries a full team of tradesmen, skilled workmen and well<br />
experienced engineers and superintendents. ACC also maintains a full range of<br />
heavy construction equipment in its areas of operation. Such resources enable the<br />
company to quickly mobilize into any area in the region, and meet the varying<br />
requirements of the schedules of its projects.<br />
ACC has played a significant role in providing outstanding construction services to<br />
companies and government agencies across the Middle East. With our continued<br />
commitment to development and change, we look forward to the future and all the<br />
challenges and opportunities that it will offer.<br />
Function and business activity of the co.<br />
‣ Construction and Design<br />
‣ Power<br />
‣ Smart buildings<br />
‣ Commercial developments<br />
‣ Mixed use developments<br />
‣ Residential buildings<br />
‣ Public buildings<br />
‣ Hospitals<br />
‣ Hotels & resorts<br />
‣ Retail space palaces<br />
‣ Turnkey projects<br />
‣ Housing & schools<br />
‣ Telecom works<br />
‣ Interiors & finishes<br />
‣ Mechanical & electrical pipelines<br />
‣ Green buildings<br />
Telecommunications<br />
Telecommunications Services<br />
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Telecommunications Infrastructure Development<br />
PROJECTS OF COMPANY<br />
Power Sector<br />
Taweelah A2 750 MW power plant<br />
ACC was the civil works contractor for the Taweelah A2 750 MW power plant in the<br />
UAE, 80km east of Abu Dhabi. Completed in 2001, Taweelah A2 has the distinction<br />
of being the first BOT project in the UAE's power sector. Taweelah A2 is owned by<br />
Abu Dhabi Water and Electricity Authority (ADWEA) and CMS Energy. Siemens was<br />
the EPC contractor and the power plant includes three Siemens V94.3A gas<br />
turbines, three heat recovery steam generators and two steam turbines.<br />
The project was executed on a fast track basis in order to honor a commitment made<br />
by Abu Dhabi Water and Electricity Authority to increase power output by May 2000.<br />
Taweelah A2 is now the benchmark for all Independent Water and Power Projects<br />
(IWPP) in the Gulf.<br />
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Shuweihat S1 1,500 MW Power Plant<br />
ACC is the civil works contractor on the Shuweihat S1 1,500 MW combined cycle<br />
power plant, 250 kilometers west of Abu Dhabi. It is currently one of the world's<br />
largest combined power and water plant complexes delivering 1,500 MW of power to<br />
the Emirate of Abu Dhabi.<br />
The power plant It is also an Independent Water and Power Project commissioned<br />
on a BOO basis. CMS Energy and International Power are part owners of this plant.<br />
Siemens is the EPC contractor. The project consists of five Siemens V94.3A gas<br />
turbines, two 251 MW steam turbines, seven electrical generators and all the<br />
ancillary systems. The power plant will be linked to a seawater desalination facility<br />
which will be supplied steam from the turbines.<br />
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Smart buildings<br />
Etisalat Abu Dhabi tower<br />
The Etisalat Abu Dhabi tower will be the future headquarters of the Emirates<br />
Telecommunication Corporation. ACC was the main contractor on the project. The<br />
160 meter high structure is a new generation smart building incorporating a<br />
sophisticated HVAC system, inert gas fire fighting system, a closed circuit TV system<br />
(CCTV), advanced lighting control, security & access systems, all managed by an<br />
advanced Building <strong>Management</strong> System.<br />
ACC was the main contractor for the Etisalat Headquarters in Sharjah, United Arab<br />
Emirates. The tower's complex design is inspired by the shape of an Islamic minaret.<br />
The 120 metre high tower contains three large granite and stainless steel public<br />
areas, a cafeteria & lounge, a highly finished 72 seat auditorium and 12 floors of<br />
office, mechanical, transmission, telecom switching and network management areas.<br />
Smart building capabilities include an advanced Building <strong>Management</strong> System, a<br />
closed circuit TV system (CCTV), a lighting control system and an integrated security<br />
and access control system.<br />
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Roles of ACC in INDIA<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Arabian Construction Company’s activity with INDIA<br />
Arabian Construction Co. (ACC), in a joint venture with Simplex<br />
Infrastructures LTD has been awarded a contract to construct World One in<br />
Mumbai, India( Abu Dhabi, 6 February 2011).<br />
World One, with its 117 storey’s, will be the tallest building in India and the<br />
second tallest residential building in the world upon completion in 2015,<br />
standing at 442 meters. With amenities including 270 degree views, private<br />
pools, home theatre lounges, outdoor Jacuzzis, World One is set to be one of<br />
the most sought after luxury living destinations in the country. The completed<br />
tower will also include an 18,000 sq m elevated park, and an Observatory<br />
Lounge positioned 305m (1,000 ft) above the ground.<br />
The tower was designed by Pei Cobb Freed and Partners (formerly I. M. Pei &<br />
Partners), a renowned architectural firm based in New York City.<br />
The developer for the project, Lodha Developers Ltd., is India's leading real<br />
estate developer for residential and commercial properties, responsible for<br />
among some of the tallest structures in India.<br />
'' ACC brings unique knowledge of high rise construction and global best<br />
practices and Simplex provides significant capability and resources in the<br />
Indian context. We believe that this JV is best suited to build independent<br />
India's most iconic building,'' said AbhisheckLodha, Managing Director, Lodha<br />
Group.<br />
GhassanMerehbi, Chairman of ACC, said "This is our first venture into India,<br />
and we are very pleased to be working on such a prestigious project with<br />
India's leading developer. We are proud to contribute our resources and<br />
expertise in high-rise construction that we have developed in the Gulf"<br />
"This project is the first that our JV plans to build in the growing high-rise<br />
market in India" said Ani Ray, Simplex's Country Director for the UAE, "there<br />
will be many more, and we are mobilizing resources to be a key player in that<br />
sector".<br />
ACC is responsible for constructing several of the most impressive towers<br />
across the Middle East, including some of the tallest towers in the UAE such<br />
as the Almas Tower, Princess Tower, Pentominium, Sky Towers, Etihad<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 66
Towers and Rose Rotana, and is currently working on the construction of the<br />
tallest building in Jordan.<br />
Simplex Infra is one of India's premier construction and infrastructure<br />
companies boasting some of India's most acclaimed landmarks, including the<br />
Supreme Court building, Howrah bridge, and is currently working on the<br />
construction of the first Ritz Carlton hotel in India.<br />
A joint venture between Beirut-based Arabian Construction Co (ACC) and<br />
India’s Simplex Infrastructures has won a contract to construct World One in<br />
Mumbai at an estimated Rs4.5-billion (Dh362.77 million) cost.<br />
ACC 's third skyscraper that will rise above 100 floors. ACC was earlier<br />
awarded the Dh690-million 107-storey Princess Tower and Dh1.46-billion<br />
124-storey Pentominium — both under construction at Dubai Marina. The<br />
company is also constructing a cluster of towers in Abu Dhabi's Central<br />
Market, including an 88-storey skyscraper that will be Abu Dhabi's tallest<br />
tower.<br />
Among other towers ACC has constructed are Almas Tower and Rose Rotana<br />
Tower in Dubai and Sky Towers and Etihad Towers in Abu Dhabi. It is<br />
currently working on Jordan's tallest buildings.<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 67
Arabian Construction Company’s activity with INDIA<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
1) Abu Dhabi, 6 February 2011: Arabian Construction Co. (ACC), in a joint<br />
venture with Simplex Infrastructures LTD has been awarded a contract to<br />
construct World One in Mumbai, India.<br />
World One, with its 117 storey’s, will be the tallest building in India and the<br />
second tallest residential building in the world upon completion in 2015,<br />
standing at 442 metres. With amenities including 270 degree views, private<br />
pools, home theatre lounges, outdoor Jacuzzis, World One is set to be one of<br />
the most sought after luxury living destinations in the country. The completed<br />
tower will also include an 18,000 sq m elevated park, and an Observatory<br />
Lounge positioned 305m (1,000 ft) above the ground.<br />
The tower was designed by Pei Cobb Freed and Partners (formerly I. M. Pei &<br />
Partners), a renowned architectural firm based in New York City.<br />
The developer for the project, Lodha Developers Ltd., is India's leading real<br />
estate developer for residential and commercial properties, responsible for<br />
among some of the tallest structures in India.<br />
'' ACC brings unique knowledge of high rise construction and global best<br />
practices and Simplex provides significant capability and resources in the<br />
Indian context. We believe that this JV is best suited to build independent<br />
India's most iconic building,'' said AbhisheckLodha, Managing Director, Lodha<br />
Group.<br />
GhassanMerehbi, Chairman of ACC, said "This is our first venture into India,<br />
and we are very pleased to be working on such a prestigious project with<br />
India's leading developer. We are proud to contribute our resources and<br />
expertise in high-rise construction that we have developed in the Gulf"<br />
"This project is the first that our JV plans to build in the growing high-rise<br />
market in India" said Ani Ray, Simplex's Country Director for the UAE, "there<br />
will be many more, and we are mobilizing resources to be a key player in that<br />
sector".<br />
ACC is responsible for constructing several of the most impressive towers<br />
across the Middle East, including some of the tallest towers in the UAE such<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 68
as the Almas Tower, Princess Tower, Pentominium, Sky Towers, Etihad<br />
Towers and Rose Rotana, and is currently working on the construction of the<br />
tallest building in Jordan.<br />
Simplex Infra is one of India's premier construction and infrastructure<br />
companies boasting some of India's most acclaimed landmarks, including the<br />
Supreme Court building, Howrah bridge, and is currently working on the<br />
construction of the first Ritz Carlton hotel in India.<br />
2). Dubai: A joint venture between Beirut-based Arabian Construction Co (ACC) and<br />
India’s Simplex Infrastructures has won a contract to construct World One in Mumbai<br />
at an estimated Rs4.5-billion (Dh362.77 million) cost.<br />
<br />
<br />
<br />
<br />
<br />
<br />
The 442-metre, 117-storey World One will be the tallest building in India and<br />
the world’s second tallest residential complex on completion in 2015.<br />
With 270-degree views, private pools, home theatre lounges and outdoor<br />
Jacuzzis, World One is set to be one of the India’s most sought-after luxury<br />
life-style destinations.<br />
The tower will also include an 18,000 square metre elevated park, and an<br />
observation lounge positioned 305 metres above the ground.<br />
ACC, which has a strong base in the UAE, is partly owned by two Lebanese<br />
families. The tower was designed by Pei Cobb Freed and Partners (formerly I.<br />
M. Pei & Partners), a renowned architectural firm based in New York City.<br />
Lodha Developers, the company behind the project, one of India's leading real<br />
estate developers, is responsible for some of the tallest structures in India. "<br />
ACC brings unique knowledge of high rise construction and global best<br />
practices and Simplex provides significant capability and resources in the<br />
Indian context. We believe that this JV [joint venture] is best suited to build<br />
independent India's most iconic building," said AbhisheckLodha, Managing<br />
Director, Lodha Group.<br />
This is ACC 's third skyscraper that will rise above 100 floors. ACC was earlier<br />
awarded the Dh690-million 107-storey Princess Tower and Dh1.46-billion<br />
124-storey Pentominium — both under construction at Dubai Marina. The<br />
company is also constructing a cluster of towers in Abu Dhabi's Central<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 69
Market, including an 88-storey skyscraper that will be Abu Dhabi's tallest<br />
tower.<br />
Among other towers ACC has constructed are Almas Tower and Rose Rotana<br />
Tower in Dubai and Sky Towers and Etihad Towers in Abu Dhabi. It is<br />
currently working on Jordan's tallest buildings.<br />
Prestigious<br />
GassanMerehbi, Chairman of ACC , said: "This is our first venture in India,<br />
and we are very pleased to be working on such a prestigious project with<br />
India's leading developer. We are proud to contribute our resources and<br />
expertise in high-rise construction that we have developed in the Gulf."<br />
Simplex Infra is one of India's premier construction and infrastructure<br />
companies boasting some of India's most acclaimed landmarks, including the<br />
Supreme Court building in New Delhi, Howrah bridge, and is currently working<br />
on the construction of India's first Ritz Carlton hotel. "This project is the first<br />
that our JV plans to build in the growing high-rise market in India," said Ani<br />
Ray, Simplex's Country Director for the UAE.<br />
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RETAIL INDUSTRY OF UAE<br />
Retail industry can be classified into two broad categories – organized retail and<br />
unorganized retail.<br />
Organized retail - Those traders/retailers who are certified for trading activities and<br />
listed to pay taxes to the government<br />
Unorganized retail – It consists of unauthorized small shops - conventional Kirana<br />
shops, general stores, corner shops among various other small retail outlets - but<br />
remain to be the shining force of Indian retail industry.<br />
Overview:<br />
Retail industry being the fifth largest in the world, is one of the sunrise sectors with<br />
huge growth potential and accounts for 15% of the country’s GDP. Including of<br />
organized and unorganized sectors, Indian retail industry is one of the fastest<br />
growing industries in India, especially over the last few years.<br />
According, to the Global Retail Development Index 2012, India rank fifth among the<br />
top 30 emerging markets for retail. The recent announcement by the Indian<br />
government with Foreign Direct Investment (FDI) in retail, especially allowing 100%<br />
FDI in single brands and multi-brand FDI has created positive sentiments in the retail<br />
sector.<br />
Emerging Areas:<br />
Some sectors that occupy a projecting position with the retail industry are:<br />
Apparel and fashion – Everybody understands the impact of fashion and textiles on<br />
the environment. Almost $19.5 billion were spent on online apparel shopping in the<br />
year 2009 and increasing since then.<br />
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Fashion & Lifestyle - In India the vast middle class and its almost untapped retail<br />
industry are the key attractive forces for global retail giants wanting to enter into<br />
newer markets, which in turn will help the retail to grow faster.<br />
Food & Beverage retail - Backed by huge potential and changing lifestyles, the food<br />
and beverage retail market is growing at a robust 30-35 per cent per year.<br />
Pharmaceutical Retail – <strong>Dr</strong>iven by remedies like anti-diabetic, vitamin, antiinvective’s<br />
and dermatology, it accounted for a robust 15% growth in 2011.<br />
E-commerce or E-tailing – the next big revolution - With the advent of e-commerce<br />
in the retail industry or retail stores are facing solid competition from e-stores. The<br />
rising demand for e-shopping has led to a new debate cropping up in the world.<br />
Introduction of retail sector in UAE:<br />
Based on our demand side estimates, GCC retail sales are expected to grow<br />
at a CAGR of 8.3% between 2010 and 2015.<br />
Middle East duty free and travel retail sales are projected to expand at a<br />
CAGR of 9.9% between 2010 and 2015. Although Dubai Duty Free will<br />
continue to account for a significant portion of these sales, growing<br />
passenger traffic in Qatar is likely to result in the country’s duty free sales<br />
outdoing the broader sector growth.<br />
After a brief pause over the last two years, the Middle East luxury goods<br />
market looks poised for strong performance going forward. The region’s<br />
luxury goods sector is estimated to expand at a CAGR of 8.5% between 2010<br />
and 2015.<br />
Contribution of retail sector in GDP of Dubai is 40%. And growth is 5.5%<br />
After a brief break over the last two years, the Middle East luxury goods<br />
market looks poised for strong performance going forward. The region’s<br />
luxury goods sector is estimated to expand at a CAGR of 8.5% between 2010<br />
and 2015.<br />
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Based on a Moderate Growth scenario for our supply side estimates, retail<br />
GLA in the GCC is forecast to expand to 14.6 million sq m in 2015, from 10.3<br />
million sq m in 2010. UAE is expected to experience the extreme increase in<br />
retail space through 2015 given that 56.4% of the project pipeline is located<br />
in the country. We believe that supply of new GLA will be sufficient to meet<br />
demand for retail space over the next five years.<br />
Introduction of the Company<br />
About Landmark<br />
History<br />
Founded in 1973 in Bahrain, the Landmark Group has effectively grown into one of<br />
the largest and most successful retail organization in the Middle East and India. An<br />
international, diversify retail and hospitality conglomerate that encourages<br />
entrepreneurship to consistently deliver brilliant value, the Group operates over 1500<br />
outlets surrounding over 20 million square feet crosswise the GCC, India, Egypt,<br />
Turkey, Sudan, Lebanon ,Jordan, , Yemen, Libya, Nigeria, Kenya,, Pakistan and<br />
Uganda. The Group of employs over 40,000 people.<br />
An international, segregated retail and hospitality conglomerate that encourages<br />
entrepreneurship to time and again deliver exceptional value, the Group operates<br />
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over 1200 outlets encompassing over 18 million square feet across the GCC, India,<br />
Egypt, Turkey, Jordan, Lebanon, Yemen, Sudan, Kenya and Pakistan.<br />
Landmark Group has a strong labor force of 40,000 employees and provides a<br />
value-driven produce range for the family through its retail concepts of Centre point,<br />
Baby shop, Splash, Shoe Mart, Lifestyle, Beauty bay, Iconic, Imax, Home Centre, Q<br />
Home Décor, Candlelit, Max, and Shoexpress. In addition to the brands residential<br />
in-house, the Group also holds the franchise rights for some of the world's leading<br />
fashion and footwear brands in the countries where it operates.<br />
The Group has also diversified in to the leisure, food and hospitality segments with<br />
Fun City, Spaces, Citymax Hotels, Fitness First, Balance Wellbeing 360 and Food<br />
mark, the restaurant division, which operates the Group's own and franchise food<br />
outlets.<br />
Role in the Country of UAE<br />
<br />
Turnover of US$ 4.7 billion.<br />
Growth at a CAGR of 23%.<br />
<br />
<br />
<br />
Existence in 18 countries.<br />
20 million sq ft. of retail space.<br />
Over 40,000 employees.<br />
Businesses:<br />
As one of the largest retail multinationals in the Middle East and India, the Landmark<br />
Group has a diverse portfolio of retail and hospitality brands.<br />
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Retail Brands:<br />
Centre point:<br />
Centre point is a one stop shopping destination that houses Baby shop, Splash,<br />
Lifestyle, Shoe Mart and Beauty bay under one top. Centre point has become the<br />
number-one family shopping destination across the Middle East. It is shaping<br />
consumer perceptions, increasing brand worth and increasing future growth for the<br />
group in the mid-market retail section.<br />
Baby shop:<br />
- One-stop shop for all children’s needs.<br />
Baby shop is a concept store specializing in toys, fashion clothing, baby basics,<br />
nursery furniture and much more for new-born babies, kids and children up to 16<br />
years. Baby shop has revolutionized retailing for children and mothers by<br />
understanding the needs of this group and delivering products and services in a<br />
satisfying, fun environment.<br />
The chain's international brands include Lee Cooper, Graco, Disney, Barbie, Ferrari<br />
(cycles and car seat), McLaren (car seats), Little Tikes, Fisher Price, Peg Perego,<br />
Maui & Sons, and several others. Baby shop sources products from the best<br />
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manufacturing units all over the world, making sure at all times to uphold the quality<br />
value of its brand far above competition and expectancy.<br />
Shoe Mart:<br />
One-stop shop for fashion footwear and accessories.<br />
Shoe Mart, the largest footwear and accessories retail chain in the Middle East,<br />
offers a range of affordable, world-class brands for men, women and children.<br />
This home-grown brand now operates across the UAE,Qatar, Saudi Arabia, Kuwait,<br />
Bahrain,Jordan and Egypt.<br />
With the single-minded objective to deliver the best value to our consumers all the<br />
time, Shoe Mart retails wide collections of fashionable casuals, formals, sporty and<br />
chic footwear from over 30 countries across the global.<br />
SPLASH:<br />
Multi-brand store with international & internal designed brands.<br />
Headquarter in Dubai, Splash is Middle East's largest fashion retailer and part of the<br />
Landmark Group, one of the biggest retail multinationals in the Mid-East and India.<br />
Originated in 1993 as a single brand store in Sharjah, Splosh has grown to over 140<br />
stores and 50 brand store across 11 countries.<br />
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LIFESTYLE:<br />
Well-defined idea store Lifestyle offers a wide range of exclusive products from<br />
home interior decoration, furnishing, lighting and bath décor to makeup, perfumes,<br />
fashion accessories, bags, spa products and teen gifts.<br />
Since its inception in 1998, Lifestyle has expanded into a chain of over 100 stores<br />
across the Middle East, present an incredible range of products across all<br />
departments.<br />
BEAUTYBAYS:<br />
Global brand store for beauty, health and well-being.<br />
Beauty bay offers one stop shopping for value and luxury perfumes, cosmetics,<br />
skincare, hair care, bath & body care and beauty fittings. Beauty bay exclusively<br />
carries several leading fragrance and beauty brands like Beyoncé, Diego Dalla<br />
Palma,Anne Moller, Erborian, Lee Cooper, Rouge Bunny Rouge and VMV<br />
Hypoallergenic.<br />
Beauty bay standalone stores are located at Oasis Centre – Abu Dhabi-Mushrif Mall,<br />
Dubai and Sharjah City Centre - Sharjah. It also can be found at select Centre point<br />
store across UAE, Saudi Arabian, Bahrain & Jordan.<br />
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SHOEXPRESS:<br />
Look good, Feel good.<br />
Max offers fashionable clothing, footwear, fittings and household products at<br />
amazing value, all under one top.<br />
A great shopping experience with fashionable products at outstanding value is an<br />
assurance that makes Max customers "Look good Feel good."<br />
ICONIC:<br />
ICONIC has an exclusive spirit that sets us apart from other fashion stores. The<br />
brand characterizes a meeting point for fashion innovation and lifestyle where people<br />
of any ageor gender or culture are welcome.<br />
First ICONIC fashion lifestyle store in Dubai opened its exits in Feb 2010. From this<br />
initial 70000 sq ft. flagship outlet in Deira City Centre, the company has grown-up to<br />
include over 20 retail branches through the UAE, Kuwait and KSA.<br />
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LANDMARK INTERNATIONAL:<br />
Landmark International focuses on managing and growing the Group's portfolio of<br />
International fashion brands: New Look, Reiss, Cotton, and Lipsy with an aspiring<br />
strategy of expansion and development. Established in 2005 as part of Landmark<br />
Group we now have over 120 outlets across the MENA region.<br />
Home & Electronics:<br />
HOMECENTRE:<br />
- Find your home in ours<br />
With 90 stores across the Middle, India and, North Africa Home Centre offers an<br />
impressive variety of fine furniture and furnishings, home accessories, kitchenware,<br />
outside furniture and gift ideas distinguished by affordable prices, excellent value<br />
and comprehensive service. From the first store in Sharjah, in 1995, Home Centre<br />
today occupies half a million sq ft. of retail space within itsstores in the Sharjah and<br />
over three million sq ft. of retail space across all its market.<br />
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Q Home Décor<br />
Design stimulated furniture at incredible value<br />
Q Home Décor is a network of amenity furnishing stores in UAE, Bahrain and Saudi<br />
Arabia, specializing in classic, contemporary and varied furniture and home<br />
accessories. Customers experience diplomatic, comfortable and beautiful shopping<br />
environments, featuring exclusively decorated room settings.<br />
Emax:<br />
Electronics Simplified<br />
Emax is the fastest rising electronic retail chain in the Middle East, with 33 stores<br />
across UAE, Saudi Arabia, Oman, Qatar and Bahrain, and has ambitious expansion<br />
plans, which will see the brand, grow to over 50 stores by the end of 2013.<br />
Emax offers customers quality products, world famous brand, cutting-edge trends<br />
and technology at good price. With more than 200 international brands, and over 1,<br />
00,000 products across 20 categories accompanied by unequalled service and<br />
competitive value. The product range retailed at Emax includes: IT, Mobiles and<br />
Telecom, Audio, Video, Gaming, Photography,E-accessories, Appliances, Wellness<br />
and Fitness, Do it Yourself, Gifting, Home Solutions and more.<br />
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CANDELITE<br />
Confectionary<br />
Make life sweeter<br />
Candelite is a unique confectionary and aromatic concept that offers an extensive<br />
range of world class products for all age groups. Products are source from over 18<br />
countries to outfit to the eclectic choices of the multicultural customers in the region.<br />
With over 2000 product and 65 brands there is something to delight everyone.<br />
Role in India and <strong>Gujarat</strong><br />
In 1999, Landmark Group enters India, to reform retailing in the country with the<br />
opening of Lifestyle stores. Landmark Group has launched some of its core retail<br />
concepts in the country together with Lifestyle (big format departmental stores),<br />
Home Centre bt Lifestyle (Home development stores), Splash (Hi-street fashion),<br />
Bossini (International apparel brand), Max (Value fasion chain), Auchan<br />
Hypermarket, Fun city (Fun & Entertainment Centres) and Gloria Jean’s Coffees<br />
(Coffee Outlets)<br />
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Lifestyle Department Stores<br />
Your style. Your store<br />
Lifestyle entered in India in 1999 and in a little over a decade has come to be known<br />
as one of the leading retail companies in the country. Positioned as a fashionable,<br />
colourful and vibrant shop, Lifestyle offers consumers ease of shopping and an<br />
pleasant shopping experience.<br />
Each Lifestyle store from Lifestyle International (P) Ltd. brings jointly five concepts<br />
under one roof - Apparel, Footwear, Children's Wear, Household & Furniture and<br />
Health & Beauty, offering suitable one-stop shopping and a choice of over 250<br />
national & international brands. Group has also introduced Home Centre, a one stop<br />
destination for reasonably priced furniture, home décor and soft furnishing that<br />
represents style, comfort and individualism.<br />
In observance with the Group's tradition of making every shopping incident more<br />
pleasing and memorable, The Inner loop, Landmark Group's loyalty programme<br />
allows members to take special benefits and privileges such as reward points and<br />
offers.<br />
Auchan hypermarkets<br />
Auchan Hypermarket in India is the result of a franchise contract between the Dubai<br />
based Landmark Group's Max Hypermarkets India Pvt. Ltd & Group Auchan.<br />
Auchan is one of the world's major hypermarket chains with 616 hypermarkets in 12<br />
countries in Central and Europe, Russia, and China. Auchan is at the present in<br />
India with 13 hypermarkets. It has a 44.4 billion euro turnover. It is a one stop<br />
shopping destination as it provides all the daily needs of a consumer by providing<br />
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fruits & vegetables, meat & fish, kitchenware, wine & spirits, , electronics, apparel,<br />
health & beauty, furniture, under one roof.<br />
Max Hypermarkets is accountable for the entire business operation - from capex<br />
outlay to day to day operations. <strong>Management</strong> control also rests with Max<br />
Hypermarkets. Auchan provides information transfer and brings with it best practices<br />
in international retailing and technical know-how to make sure that the brand is being<br />
accurately represented, as ensuring that the local partner retains their financial<br />
independence to deliver the best solution in each market. Groupe Auchan will play<br />
an essential support role in the development of the hypermarket format in India.<br />
Max fashion<br />
Max - a division of Lifestyle International (P) Ltd. and was established in 2004 in the<br />
UAE. In 5 years of its launch, Max has grown into the biggest value fashion brand in<br />
the Middle East with over 150 stores across 11 countries.<br />
Max was introduced in India in the year 2006 with the store in Indore thereby<br />
pioneering a new concept of 'value fashion retailing' in the country. It offered the<br />
value conscious customer a alternative of variety without compromising on the<br />
quality & latest trends. The concept proved to be an immediate hit.<br />
Since the integration of its first store, Max in a small span has carved a niche for<br />
itself by bringing to the Indian customers high quality products with world class<br />
shopping experience. we have 50 plus stores in India across 26 cities.<br />
Group's Core Philosophy:<br />
<br />
<br />
<br />
<br />
<br />
Carefully pay attention to consumer needs<br />
continually Adapt to changing market<br />
Always empowering people to strive and deliver<br />
Passion for excellence<br />
Integrity in everything we do<br />
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About Citymax India<br />
Citymax India is the Hospitality division of the Dubai based retail giant Landmark<br />
Group, one of the major & most respected retailers in India and the Middle East. The<br />
group is well recognized for its Lifestyle chain of retail stores in India. Bringing<br />
customers a gamut of choices, Citymax operates in business verticals of Casual<br />
Dine in restaurants (Polynation), International Coffee house (Gloria Jean's Coffees)<br />
and Family Fun & Entertainment Centers (Fun City) across India.<br />
In recent times, Citymax has signed a franchisee contract with Krispy Kreme<br />
Doughnut Corporation for the South and West regions of India. Krispy Kreme<br />
(NYSE: KKD) is a most important branded specialty retailer and wholesaler of<br />
premium quality sweet treats and complementary products, including its signature<br />
Original Glazed® doughnut. Headquartered in Winston-Salem, NC, the Company<br />
has offered the highest quality doughnuts and great tasting coffee since it was<br />
founded in 1937.<br />
Citymax dream in India is to become an integrated hospitality company by blending<br />
luxury with superlative value in all its activities.<br />
Polynation:<br />
Polynation offers today's discerning guests, a variety of<br />
cookery, be it North Indian, South Indian, Italian, Chinese<br />
and continental. The brand brings jointly a mid scale smart<br />
casual dining experience. Epitomizing the brand's<br />
philosophy 'Great Food, Great Value', Polynation<br />
strives to offer their consumers value for money<br />
accompanied by great service and ambience. Reach<br />
across 12000 sq. ft. with a seating capacity of 250 people,<br />
it is operational throughout the day. All in all a great place<br />
for the family to relish a bite!<br />
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Gloria Jean's Coffees:<br />
initially established 30 years ago, Gloria Jean's Coffees<br />
has today turn into a global coffee brand, committed to<br />
delivering the ultimate specialty coffee experience. With<br />
over 1000 outlets across 39 countries universal, Gloria<br />
Jean's Coffees is a leading specialty coffee retailer and<br />
one of the fastest rising franchise organizations in the<br />
world. Gloria Jean's Coffees entered the Indian market in<br />
2008 and is expanding across key cities. at present the<br />
brand has 27 outlets across Mumbai, Bangalore, New<br />
Delhi, Gurgaon, Chennai, Hyderabad, Ahmedabad and<br />
Pune.<br />
About Fun City:<br />
Fun City, an international chain of 'Family Entertainment<br />
Centres (FEC), is the first free time concept of the retail<br />
giant, the Landmark Group. It aims to bring the best of<br />
entertainment, amusement, fun options under one roof for<br />
the entire family. Fun City offers truly world class facilities<br />
with a value for money experience.<br />
Fun City is presently having 16 operational outlets across<br />
India (Gurgaon, Delhi, Jaipur, Kanpur, Jalandhar,<br />
Ludhiana, Ghaziabad, Mumbai, Pune, Hyderabad,<br />
Bangalore, Chennai, Mangalore, Ahmedabad, and<br />
Coimbatore)<br />
Fun City also has an private area demarcated for activities<br />
such as celebrating birthday parties, small family<br />
gathering and special fun occasions.<br />
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About Krispy Kreme:<br />
Krispy Kreme is a leading branded specialty retailer and<br />
wholesaler of best quality sweet treats and<br />
complementary products, together with its signature<br />
Original Glazed® doughnut. Headquartered in Winston-<br />
Salem, NC, the Company has offered the highest quality<br />
doughnuts and great tasting coffee since it was founded in<br />
1937. Today, Krispy Kreme can be found in about 694<br />
locations around the world and about 10,000 grocery,<br />
convenience and mass merchant stores in the U.S. Krispy<br />
Kreme Doughnuts, Inc. (NYSE: KKD) is listed on the New<br />
York Stock Exchange.<br />
LandmarkShops.com<br />
<br />
<br />
<br />
Landmark Shops is the Landmark Group's answer to online retail. Built with<br />
love and the labor of many smart, talented, knowledgeable and hardworking<br />
Land markers, our goal is simple: to build a better online shopping<br />
experience.<br />
Over 39 years, the Group has built 17 reliable retail businesses across the<br />
Middle East and India. We're thrilled to connect with these wonderful retailers<br />
and progressively take them online.<br />
About the Web Team<br />
The Web Team is the digital division of the Landmark Group and the driving<br />
force behind Landmark Shops. Born in 2009, and now over 65 strong, we<br />
exist to build superior digital products for both our many businesses and their<br />
millions of customers.<br />
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They're huge fans of greatness in user experience and design, and merge<br />
these into whatever they touch.<br />
When they're not pushing the envelope on Product Strategy, Product Design,<br />
Product <strong>Management</strong>, Product Engineering and Product Marketing, they're<br />
downstairs shooting pool or showing off our table tennis skills.<br />
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PETRO CHEMICAL INDUSTRY OF UAE<br />
Petrochemical Industry Profile and Evolution<br />
Petrochemical Cluster<br />
The Supreme Petroleum Council (SPC) was established in 1988 as the superior<br />
authority responsible fort he petroleum industry in the emirate of Abu Dhabi. The<br />
Ruler of Abu Dhabi chairs SPC that formulates and oversees the implementation of<br />
Abu Dhabi's petroleum policy and follows up its implementation across all areas of<br />
the petroleum industry through Abu Dhabi National Oil Company (ADNOC), its<br />
National Oil Company<br />
Abu Dhabi has the world’s fourth largest oil reserves (97.8 thousands million barrels)<br />
and 5th largest natural gas reserves 6 trillion cubic meters (BP, 2011). The evolution<br />
of oil and gas industry in Abu Dhabi is illustrated in the above Figure. It started with<br />
the first concession that was awarded to Petroleum Development (Trucial Coast) on<br />
11th January 1939, a non-national company, but geological work and exploratory<br />
drilling started in February 1950, the first commercial oil discovery was made on<br />
1960 at Bab oil field, and the first shipment of crude was exported from Jebel<br />
Dhanna terminal in 1963 prior to the formation of the federation of the United Arab<br />
Emirates. In 1971 The Abu Dhabi National Oil Company (ADNOC) was established<br />
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as the State Owned Enterprise in charge of all oil, gas, petrochemical and<br />
associated industries. The early 1980s, has witnessed the creation of Ruwais<br />
Refinery, Fertil (fertilers) and International Petroleum Investment Company (IPIC) for<br />
undertaking international investment in oil and gas assets. For more than a decade<br />
long from 1985 to 1998, Abu Dhabi did not undertake any major oil and gas<br />
investments other than upgrading and refurbishment existing facilities. It took Abu<br />
Dhabi more than four decades to embark on its first down stream petrochemical<br />
investment through Abu Dhabi Polymers Company (Borouge) which sits at the<br />
center of the petrochemical cluster (refer to Figure-21).<br />
The Petrochemical Business Environment (Cluster Diamond)<br />
The petrochemical cluster is shallow, and is dominated by four state owned<br />
enterprises. The cluster is clearly supported by the strong oil and gas cluster in the<br />
UAE, which provides access to cheap feedstock at the meantime. However, limited<br />
availability of feedstock in the future challenges the sustainability of the current<br />
privilege. The cluster is also backed by the strong logistics, financial, and educational<br />
cluster, however, the domestic demand is insignificant due to absence of convertor<br />
industries. The cluster has limited international investments, because of the<br />
restrictions imposed on foreign ownership, which challenge the inflow of FDI to the<br />
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cluster. UAE location supports growth in the emerging Asian markets, while local<br />
market consumption is still very limited compared to the European region. The<br />
following section details the competitiveness drivers and.<br />
Factor Conditions<br />
Feedstock<br />
Ethylene is the main building block for petrochemical industries, which is produced<br />
from a variety of feedstock that determines petrochemical cost structure and industry<br />
margins. Naphtha is the main feedstock used in Europe and Asia produced from<br />
refineries and offers higher proportion of co-products e.g. propylene and butadiene,<br />
which benzene can be extracted from. However, Abu Dhabi as well as other<br />
producers in GCC region generate ethylene from gases such as ethane, propane<br />
and butane; a process that does not require a refinery (but it limits the proportion of<br />
co-products) which give Abu Dhabi and GCC countries a cost advantage for setting<br />
up petrochemical facilities over other regions. Ethane prices are linked to<br />
international prices of oil. However, it is difficult to for Abu Dhabi and GCC countries<br />
to determine the actual cost of ethane exactly as it is integrated with the upstream oil<br />
and gas sectors.<br />
The ethane price in Abu Dhabi is estimated at around $1.5/MMBTU compared to<br />
$0.75/MMBTU in Saudi Arabia, $1/MMBTU in Kuwait, $1.5/MMBTU in Qatar (Diwan,<br />
2009). Regionally, Abu Dhabi has no cost advantage over ethane feedstock.<br />
However it has very significant cost advantage over Western Europe and USA by a<br />
factor of 3. The ethylene cost of production from ethane in Abu Dhabi is not known,<br />
but it should be little higher than Saudi Arabia ($114/ton) and Qatar ($170/ton), and<br />
remains superior over other regions where prices stand at above $400/ton (Diwan,<br />
2009). Propylene (PE) and Polypropylene (PP) cost structure is derived form<br />
cracking processes where cost advantage could be gained from close proximity to<br />
markets and efficient operations that could be of stretch for state owned enterprises.<br />
Therefore, the competitiveness of Abu Dhabi comes mainly from cracking<br />
inexpensive ethane but as well as location due to its close proximity to growing<br />
markets in Asia. Although Abu Dhabi has the world’s fourth largest oil reserves and<br />
fifth largest natural gas reserves, it became a net importer of gas in 2007 due to high<br />
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increase of demand for electricity which is fully generated from gas fired power<br />
plants as shown in the below figure. The country has experienced feed gas shortage<br />
at power plants that led to electricity blackouts mainly in northern emirates while the<br />
capital city Abu Dhabi was saved by the arrival of Qatari gas through Dolphin<br />
Pipeline Project. Recently during summer 2011 and another energy crisis unfolded<br />
as the northern emirates experienced shortage of gasoline at the pumping stations<br />
that signals limited coordination between petroleum industry and other industries.<br />
The growing economy, increase of population and highly subsidized utilities caused<br />
domestic oil and natural gas consumption to rise 685,000 b/d and 60.5 billion cubic<br />
meters respectively in 2010 as shown in Figure. The demand for electricity in Abu<br />
Dhabi will increase by 12% per annum reaching 22,356 MW by 2020 from a baseline<br />
figure of 6,885MW. Consequently, power generation feed gas demand will increase<br />
from 563,432 million cubic feet to 1,539,729 million cubic feet (ADWEC, 2011). The<br />
UAE also has become among the top ten countries consuming electricity in the world<br />
at a rate of 12,000 kwh per capita according to World Bank Indicators (WB, 2012),<br />
and it has recorded the largest per capita ecological footprint globally of (10.68<br />
gha/person) according to Global Footprint Network (GFN, 2010).<br />
The UAE is member of Organization of the Petroleum Exporting Companies (OPEC)<br />
that coordinates petroleum policies among its member countries effectively limiting<br />
oil production of Abu Dhabi. It is particularly troublesome for Abu Dhabi as most of<br />
the gas reserves are of associated gas type thus increasing production of gas would<br />
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equire increase in oil production. Abu Dhabi however progressed ahead with<br />
several projects to increase oil production up to 3.5 million b/d up from 2.8 million b/d<br />
enabling an increase in gas production from 51 billion cubic meter to 77 billion cubic<br />
meters by 2020 (Krane, 2010).<br />
Company Profile<br />
Abu Dhabi Polymers Company Limited<br />
Abu Dhabi Polymers Company Limited also known as Bourge Petrochemicals<br />
Borouge is one of the leading provider of innovative, value creating plastics<br />
solutions. A joint venture between the Abu Dhabi National Company (ADNOC) one<br />
of the world’s major oil and gas companies, and Austria based Borealis, a leading<br />
provider of chemical and innovative plastics solutions; Borouge is a groundbreaking<br />
international partnership at the forefront of the next generation of plastics innovation.<br />
Borouge’s headquarters is situated in the United Arab Emirates and Singapore and<br />
employs approximately 1600 people representing more than 40 nationalities and<br />
serves customers in more than 50 countries across the Middle East, Asia-Pacific,<br />
Indian sub-continent and Africa.<br />
Building on Borealis’ unique Borstar® technology and experience in Polyolefins for<br />
more than 50 years, Borouge provides innovative, value crating plastics solutions for<br />
infrastructure (pipe systems, power and communication cables), automotive<br />
components and advanced packaging.<br />
In 2010 Borouge has tripled its annual production capacity in Abu Dhabi to 2 million<br />
tones and an additional 2.5 million tonnes per year will be introduced by mid-2014 to<br />
create the world’s largest integrated polyolefins plant in a single site. Once Borouge<br />
project come on stream in mid-2014, Borouge total production capacity will reach to<br />
the 4.5 million tonnes per year.<br />
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Borouge is also investing in plants and logistics hubs in Asia and a state of the art<br />
Innovation Centre in Abu Dhabi. Borouge is Focused on value Creation through<br />
Innovation, Borouge ensure that its customers throughout the value chain, around<br />
the world, can always rely on superior products and security of supply.<br />
Borouge is committed to the principles of Responsible Care and proactively<br />
contributes towards addressing the world’s water and sanitation challenges through<br />
its Water for the World initiative.<br />
Polyolefin manufacturer Borouge expects the expansion of its complex in Ruwais,<br />
Abu Dhabi, to be fully on stream in mid-2014, following completion of construction by<br />
end-2013. The Borouge expansion will add capacities of 1.5mn tonnes per annum<br />
(tpa) ethylene, feeding large polyethylene (PE) and polypropylene (PP) units.<br />
The planned Chemaweyaat complex, which Abu Dhabi hopes that it will be the<br />
world’s largest petrochemical complex, will include an olefins plant, an aromatics<br />
complex and a range of downstream polymer and chemicals units. It is due to enter<br />
production in 2015, but BMI believes that 2016 is more realistic. The first part of the<br />
development, Tacaamol, will use heavy naphtha feed for its aromatics units and a<br />
lighter naphtha feed to supply a mixed-feed cracker producing 1.5mn tpa ethylene<br />
and 690,000tpa propylene. These will feed downstream plants producing polymers,<br />
xylenes and other derivatives.<br />
Over the last quarter BMI has revised the following forecasts/views:<br />
- By 2016, BMI expects ethylene capacity of 5mn tpa in the UAE, up from an<br />
estimated 2mn tpa in 2011, with PE more than tripling to 3.52mn tpa and PP rising<br />
by nearly 170% to 2.14mn tpa over the period.<br />
- Key issues that will have an impact on the market include the effect of spreads<br />
between naphtha and ethane and the strength of Chinese market. While ethane may<br />
be cheaper, the heavy use of naphtha in its feedstock mix will put the UAE in a better<br />
position than Qatar and Saudi Arabia as it attempts to diversify downstream<br />
production.<br />
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- In BMI’s Middle Eastern petrochemicals risk/reward ratings (RRRs) matrix, the UAE<br />
registers a score of 63.7 points, unchanged since the previous quarter. This quarter,<br />
the UAE remains in 2 nd place, 2.9 points ahead of Kuwait and 13.9 points behind the<br />
regional leader Saudi Arabia. Whether the UAE retains its position will depend on its<br />
ability to stay ahead of Qatar in country risk ratings, coupled with the further<br />
expansion of Borouge in 2013 and the proposed Chemaweyaat which is set to<br />
bolster its petrochemicals capacity.<br />
TRADE RELATIONSHIP BETWEEN INDIA AND UAE<br />
UAE enjoys close economic and cultural relations with India. Close maritime contact<br />
between India and the Arabian peninsula date back to 3rd and 2nd millennium<br />
BC. and textile and spice trade between the two countries flourished during most of 1<br />
millennium AD.<br />
The discovery of oil allowed the UAE to increase and diversify its trade relations with<br />
India. In 2008-09, India emerged as the largest trade partner of the UAE with<br />
bilateral trade between the two countries exceeding US$44.5 billion. During the first<br />
half of 2010, non-oil trade between India and the UAE stood at US$20.4 billion. UAE<br />
is home to more than 1.75 million Indian expatriates, making Indians the second<br />
largest ethnic group in the Arab nation.<br />
Oman India Fertiliser Company (OMIFCO) is an India-Oman joint venture<br />
established to construct, own and operate a modern world scale two-train ammoniaurea<br />
fertilizer manufacturing plant (production capacity of 1,750 tonnes per day) at<br />
the Sur Industrial Estate in the Sultanate of Oman. The Government of India has<br />
agreed to purchase OMIFCO’s entire urea output under a 15-year Urea <strong>Of</strong>f Take<br />
Agreement on predetermined prices, while the Sultanate of Oman has committed to<br />
supply the gas feedstock for the life of the project. The project is mainly focused on<br />
producing urea (annual capacity of 1.63million metric tons) andammonia (1.15<br />
million metric tons).Shareholders in OMIFCO are Oman Oil Company (50%), Krishak<br />
Bharati Cooperative Limited (25%) and Indian Farmers Fertilizers Cooperative<br />
(25%).<br />
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There are a number of joint ventures and investments undertaken<br />
by UAE companies in India. EMMAR, a real estate company of Dubai Government,<br />
is active in the real estate sector having already set up a major township, an<br />
international conventioncentre and a golf course in Hyderabad. Emaar and<br />
India's MGF Development Limited, joined together to form India's largest FDI in real<br />
estate amounting to over half a billion dollars for projects with a capital outlay of<br />
US$4 billion (Rs.18,000 crore) and constructed flats for the Commonwealth Games<br />
(2010) Village.<br />
Dubai Ports World is now operating 6 major Ports in India<br />
at Nhava Sheva, Navi Mumbai, Chennai, etc, following its acquisition of the P&O of<br />
U.K. DP World was awarded a $150 million contract in 2007 for work on construction<br />
of the International Container Transshipment Terminal (ICTT)<br />
at Vallarpadam in Kochi (Kerala). The first phase of the ICTT Project<br />
at Vallarpadam (Kochi) was inaugurated by Prime Minister on - February 11, 2011.<br />
The terminal currently has a capacity to handle one million TEUs (twenty-foot<br />
equivalent container units). The planned capacity at Vallarpadam, when fully<br />
expanded, is three million TEUs, making it the country's largest container terminal.<br />
In <strong>Gujarat</strong> - UAE's company "Dubai Port World", a leader in international marine<br />
terminal operations has a 100% equity stake in the $364.77 million<br />
"Mundra International Container Terminal" (MICT) facility and executes full<br />
operational control.<br />
Ras al-Khaimah (RAK) signed a MoU for a JV with Govt. of A.P for setting up a one<br />
million tonne per annum Alumina plant and a<br />
250,000 tonne aluminium smelter. RAK, represented by the RAK Investment<br />
Authority (RAKIA), will set up a registered company in India to set up the plant which<br />
would use the bauxite resources available in A.P. RAK has already commissioned<br />
the RAK ceramics factory located at Kakinada in AP.<br />
UAE tile manufacturer, RAK Ceramics India, plans to set up a tile plant<br />
in Ahmedabad, at an investment of $150 million. The plant will be commissioned by<br />
early-2012. Many UAE companies have signed MoUs with many state Governments<br />
in real estate and construction fields.<br />
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UAE AMBASSADOR MEETS WITH THE GUJARAT<br />
CHAMBER OF COMMERCE AND INDUSTRY<br />
In his first ever visit to Ahmedabad, capital of <strong>Gujarat</strong>, Mohamed Sultan Abdalla Al<br />
Owais,UAE Ambassdor in India, met with officials of the <strong>Gujarat</strong> Chamber of<br />
Commerce & Industry (GCCI) and their member companies in Ahmedabad on 24<br />
May, 2011.<br />
An interactive meeting was organised by GCCI to further strengthen the trade and<br />
economic relations between the UAE and India. Ambassador briefed the GCCI and<br />
its members about various opportunities UAE presents for Indian companies in the<br />
renewable energy, chemicals, petrochemicals, pharmaceuticals and education<br />
sectors. Ambassador called for a closer co-operation between UAE and <strong>Gujarat</strong><br />
based companies in Research and Development in the renewable and organic food<br />
sector.<br />
Potential for import / export in India / <strong>Gujarat</strong> Market<br />
UAE companies are in talk with <strong>Gujarat</strong> Alkalies & Chemicals Ltd (GACL) Proposes<br />
to set up caustic soda facility in UAE.<br />
State-owned <strong>Gujarat</strong> Alkalies & Chemicals Ltd (GACL), the country’s largest caustic<br />
soda manufacturer, is in talks with a UAE-based business group for setting up a<br />
caustic soda manufacturing facility in the UAE.<br />
The Rs 1,200-crore GACL has asked the foreign player to conduct a market survey<br />
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to assess the demand for caustic-chlorine products in the UAE.<br />
The GACL officials were in Dubai recently to take this further. “The UAE-based entity<br />
had approached GACL seeking its co-operation to establish a caustic soda<br />
manufacturing plant in the UAE. Currently, a market survey is being carried out on<br />
the type of ancillary industries present there and the requirement of caustic and<br />
chlorine in the UAE,” sources close to the development told Business Standard.<br />
They said the nature of collaboration would be finalised only after the results of the<br />
survey were out. The market survey is likely to take around four months. While the<br />
name of the group is not known, it is a leading business houses with operations in<br />
the UAE. GACL is also said to be open to the idea of joining hands with the foreign<br />
player.<br />
GACL managing director Guruprasad Mohapatra believes that there is a good<br />
potential for caustic soda and chlor-alkali business in the West Asia. “If things work<br />
out, the production capacity of the plant may be in the range of 750 tonnes per day<br />
(tpd) to 1,000 tpd,” sources said.<br />
Business Opportunities in Future<br />
In <strong>Gujarat</strong> - UAE's company "Dubai Port World", a leader in international marine<br />
terminal operations has a 100% equity stake in the $364.77 million "Mundra<br />
International Container Terminal" (MICT) facility and executes full operational<br />
control.<br />
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Another UAE's tiles manufacture, RAK (Ras Al Khaimah) Ceramics India, plans to<br />
set up a tile plant in Ahmedabad, at an invest that of $150 million. The plant will be<br />
commissioned by early-2012.<br />
The Khalifa Industrial Zone Abu Dhabi (Kizad) spread over 417 sq km near Abu<br />
Dhabi is eager to attract Indian companies in metals, petrochemicals and<br />
pharmaceuticals sector for setting up their units.<br />
Kizad, which is a part of Abu Dhabi Ports Company (ADPC) and controlled by the<br />
UAE Government, is offering a series of sops including complete income tax and<br />
customs duty holiday, 50 year-long bankable agreements, zero restriction profit<br />
repatriation and power tariffs at Rs 1.80 a unit to the companies.<br />
Industry sources said that Kizad management, which is doing its road shows in<br />
Mumbai for promoting the zone, have already held preliminary talks with two of the<br />
largest industrial groups in India for setting up their units there.<br />
Kizad is located between Abu Dhabi and Dubai and in close proximity to the Khalifa<br />
deepwater seaport. The industrial zone is currently offering sea, air and road<br />
connectivity, while rail network is under construction.<br />
Mr Khaled Salmeen, Executive Vice-President of Industrial Zones at ADPC, told<br />
mediapersons on Wednesday that Kizad is a cornerstone of the Abu Dhabi's<br />
economic vision 2030, which aims at diversifying the economy and making it less<br />
dependent on revenues from oils and gas business.<br />
“In 2008, our economy was $104 billion and by 2030 we want to grow it to $416<br />
billion, where manufacturing would be an important component of the economy,”<br />
Mr Salmeen said.<br />
Kizad's phase I, which is spread over 51 sq km has already been launched with an<br />
investment of about $7.2 billion. Foreign companies can set up units with the help of<br />
joint ventures or they could set up their own 100 per cent subsidiary.<br />
Mr Salmeen added that Kizad has already tied up with HSBC for debt financing and<br />
it is also in the process of tying up with Indian banks for the same.<br />
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TOURISM INDUSTRY OF UAE<br />
The United Arab Emirates (UAE) is a federation of seven autonomous Sheikhdoms<br />
with total land area of 83,600 square kilometres. The seven emirates are Abu D<br />
habi, Dubai, Sharjah, Ras Al Khaimah, Fujairah, Umm al Qaiwan and Ajman.<br />
In the Middle East, UAE is the largest outbound travel market in terms of expe<br />
nditureand the second largest in terms of the number of outbound trips after Saudi<br />
Arabia.<br />
Summer vacations in UAE are much anticipated. During this three month period<br />
(June end to September first week), Emirates look for countries which can offer them<br />
a holiday destination to relax, rejuvenate and give them respite from the scorching<br />
heat in their country. European and Far East destination are the most preferred, as<br />
the massive amounts of bulk bookings with travel operators suggest.<br />
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UAE National Council of Tourism & Antiquities<br />
Introduction to the United Arab Emirates National Council of Tourism & Antiquities In<br />
December 2009, Abdul Rahman Bin Mohammad Al Owais, UAE Minister of Culture,<br />
Youth and Community Development and Chairman of the National Council of<br />
Tourism and Antiquities (NCTA) presided over the first meeting of the board of<br />
directors of the NCTA in Dubai.<br />
The meeting laid the foundation for the NCTA .A federal entity and that will be an<br />
overall umbrella that covers all the activities and events related to tourism and<br />
antiquities in the country and abroad.<br />
The council's ability to contribute effectively in promoting the UAE tourism sector<br />
plays an important role in future economic income of the UAE.<br />
Vision<br />
To position the United Arab Emirates as the leading tourism hub regionally and<br />
globally<br />
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Mission<br />
Consolidation of efforts between the tourism authorities in UAE to identify UAE as a<br />
leading tourism hub and co-ordinate the efforts to preserve and maintain UAE’s<br />
antiquities through unified external representation and co-operation with international<br />
organizations also governmental and non-government.<br />
Values<br />
‣ Leadership: Create young leaders that can simulate a group of people to<br />
work towards a common goal.<br />
‣ Excellence: Adopt principles of excellence and strive for continuous<br />
improvement.<br />
‣ Respect: Respect the cultural values and principles of local community and<br />
history, the expectations of visitors and the needs of employees<br />
‣ Learning: Adopt an active role in continuous learning and the formation of<br />
educational experiences.<br />
‣ Credibility & Transparency: Ensure all interactions reflect the cultural<br />
values of transparency, credibility and morals<br />
‣ Sustainability: Embed social, environment and economic outcomes in all that<br />
is done<br />
‣ Innovation: Appreciation of creativity and encouragement of new ideas and<br />
innovations.<br />
Language:<br />
Arabic is the official & national language for the UAE. English is widely spread in<br />
UAE that is why traffic and roads signage also stores and supermarkets signboards<br />
and restaurant menus are all available in both languages. Spoken and written Arabic<br />
is widely used more in streets and shop signboards as you move away out of cities<br />
and villages.<br />
Population:<br />
According toe report issued by National Bureau of Statistics in which estimates the<br />
UAE population 8.19 millions in 2010, indicate an increment up by 125 thousands<br />
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from 2009 census. In which the population stood at 8.07 millions. The report<br />
classifies 1.9 million to age group of 15 to 59 year whereas 1.3 million are 60 or over.<br />
UAE is one of GCC attracting several Arab and Asian nationals as well as<br />
Europeans and Americans, It is not overstated to say that all nationalities gather in<br />
this magnificent, faith tolerant, law abiding and personal freedom country which<br />
encourage residents to stay longer.<br />
Religion:<br />
Islam is the official religion in UAE. Its rituals are widely practiced. Friday is<br />
special religious day in Islam which is based on the testimony "No god but Allah and<br />
that Mohamed is the Messenger of Allah. Muslim should pray five times a day in<br />
different times depending on location of sun. Call to prayers is held from the mosque<br />
Minaret through loudspeakers.The UAE constitution guarantees freedom of religions<br />
which harmonies with the Emirati society traditions.<br />
Currency<br />
The local currency is the dirham (Dhs) also known as the Arab Emirate Dirham<br />
(AED). The currency is tied to the US dollar 1US$ = Dhs 3.67. Coins include: Dhs 1,<br />
50 fils and 25 fils. Notes are of Dhs 5, 10, 20, 50, 10, 200, 500 and 1,000<br />
denominations.<br />
Time<br />
Local time is GMT + 4 hours, all year round.<br />
Clothing<br />
Apart from the winter evenings when shawls and jackets may be required,<br />
lightweight summer clothing is suitable for most of the year. In order to respect the<br />
national customs, conservative dress is advised. In public places ladies should cover<br />
their shoulders and the rest of the body down to the knees.<br />
National <strong>Dr</strong>ess<br />
Distinctive and unique to this region men wear the immaculately pressed, elegant<br />
long cotton white robe or dishwashers. A gahfiya or small white crocheted skullcap is<br />
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worn under the headdress or guttrah that is held in place by the twisted black<br />
woollen braid known as the agal. For important occasions. The dishdasha is covered<br />
by themishlah, a flowing brown or black mantle, edged with gold braid. Women<br />
usually wear a black cloak or abaya that conceals the body from head to toe and<br />
they cover their hair with a black headscarf or sheyla. Some of the older women still<br />
wear a canvas mask called the burqa that covers the eyebrows, mouth.<br />
Places of interests all over UAE<br />
Abu Dhabi<br />
‣ Rub Al Khali<br />
‣ Al Jahili Fort<br />
‣ Al Hosn Palace<br />
‣ Al Mezyad Fort<br />
‣ The Guggenheim Abu Dhabi<br />
‣ Al Ain Palace Museum<br />
‣ Liwa Oasis<br />
‣ White Fort and Cultural Foundation<br />
‣ Al Maqta Fort<br />
‣ Jebel Hafeet<br />
‣ Saadiyat Island Abu Dhabi<br />
‣ Yas Island<br />
‣ The Heritage Village<br />
‣ Madinat Zayed Gold Souk<br />
‣ Iranian Souk<br />
‣ Al Ain Old Prison<br />
‣ Women’s Handicraft Centre<br />
‣ Petroleum Exhibition<br />
‣ Al Ain Zoo & Aquarium<br />
‣ Al Ain Central Gardens<br />
‣ Lulu Island<br />
‣ Dhow Harbor<br />
‣ Emirates Palace Hotel<br />
‣ Bateen Shipyard<br />
‣ Volcano Fountain<br />
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‣ The Abu Dhabi Corniche<br />
‣ Louvre Abu Dhabi<br />
‣ Hili Archaeological Gardens<br />
<br />
Dubai<br />
‣ Dubai Gold Souk<br />
‣ Spice Souk<br />
‣ Hatta Village (Heritage Village) in Dubai<br />
‣ Heritage and Diving Village<br />
‣ Hatta<br />
‣ Sheikh Saeed Al Maktoum House (Museum)<br />
‣ Dubai Beaches<br />
‣ Burj Khalifa<br />
‣ Al Ahmadiya School<br />
‣ Souk Madinat Jumeirah<br />
‣ Dhow Cruise<br />
‣ Dubai Heritage Village<br />
‣ Naif Fort<br />
‣ Dubai Marina<br />
‣ Dubai Zoo<br />
‣ Ras Al Khor Sanctuary<br />
‣ Emirates Towers Boulevard<br />
‣ Dubai Festival City<br />
‣ Burj Al Arab<br />
‣ The Dubai Creek<br />
‣ Atlantis The Palm<br />
‣ Old District of Bastakiya<br />
‣ Burj Nahar<br />
‣ Bait Al Wakeel<br />
‣ Bedouin Village<br />
‣ Dubai Museum<br />
‣ Grand Mosque<br />
‣ Jumeira Mosque<br />
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Sharjah<br />
‣ Green Belt Park<br />
‣ Al Majaz Park<br />
‣ Al Jazeera Fun Park<br />
‣ Sharjah Maritime Museum<br />
‣ Sharjah Museum of Islamic Civilization<br />
‣ Sharjah Aquarium<br />
‣ Sharjah Desert Park<br />
‣ Sharjah Natural History & Botanical Museum<br />
‣ Arabia’s Wildlife Centre<br />
‣ Children’s Farm<br />
‣ Sharjah Discovery Centre<br />
‣ Sharjah Science Museum<br />
‣ Al Mahatta Museum<br />
‣ Al Qasba<br />
‣ Eye of the Emirates<br />
‣ Al Khan Lagoon to Al Mamzar Lagoon<br />
‣ Al Khan Beach<br />
‣ Al Corniche Beach<br />
‣ Sharjah Heritage Village<br />
‣ Sharjah Archaeology Museum<br />
‣ Sharjah Art Museum<br />
‣ Sharjah Calligraphy Museum<br />
‣ Sharjah Hisn Fort<br />
‣ Bait Al Naboodah<br />
‣ Bait Khalid Bin Ibrahim<br />
‣ Bait Sheikh Saeed Bin Hamed Al Qasimi<br />
‣ Al Eslah School Museum<br />
<br />
Ajman<br />
‣ Dhow Building Yard<br />
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‣ Khor al-Beidah<br />
‣ Ajman Museum<br />
‣ Mowaihat<br />
<br />
Umm Al Quwain<br />
‣ The Dhow Building Yard<br />
‣ Islands of Umm Al Quwain<br />
‣ Umm Al Quwain Museum<br />
‣ Umm Al Quwain's Corniche<br />
‣ The Dhow Building Yard<br />
‣ The Aquarium<br />
‣ Al Dur<br />
‣ Sinaiyah island<br />
<br />
Ras Al Khaimah<br />
‣ Tower Links Golf<br />
‣ Khatts Springs Oasis and Resort<br />
‣ National Museum of Ras Al Khaimah<br />
‣ Hajar Mountains<br />
‣ Al Marjan Island<br />
‣ Hudaibiyah Tower<br />
‣ Sheeba’s Palace<br />
‣ Shimal Archeological Site<br />
‣ Wadi Bih<br />
‣ Al Falayah<br />
‣ Yibir Mountain<br />
‣ Dhayah Fort<br />
<br />
Fujairah<br />
‣ Masafi<br />
‣ Souk Al Juma (Friday Market)<br />
‣ Fujairah Museum<br />
‣ Ain Al Madhab Gardens<br />
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‣ Bull Butting<br />
‣ Fujairah Fort<br />
‣ Heritage Village<br />
‣ Al Bithna Fort<br />
‣ Al Wurrayah Spring Waterfalls<br />
‣ Ain Al Ghmour Sulphuric Spring<br />
‣ Al Bidya Mosque<br />
Dubai is the most visited place by the tourists from all over the world. Dubai is<br />
beautiful and wonderful place with many tall buildings, sophisticated infra-structure,<br />
deserts, and beautiful beaches. Dubai has many things to see many historic places<br />
few must have experiences that are only available in Dubai like desert safari, Dhow<br />
cruise dinner, etc. Given below are the top best places that you should not miss<br />
visiting.<br />
1. Burj Khalifa<br />
This is one among the tallest building in the world with 160floors and on 124th floor it<br />
has observation deck from where you can see spectacular and unparalleled view of<br />
Dubai. This is the most visited place by the tourists in Dubai this is not only<br />
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tallest building, but also, the elevator that takes you to the top observation deck is<br />
also the fastest elevator in the world. Witness a unique and enticing experience<br />
of seeing the most stunning creation of mankind.<br />
2. The Palm Islands<br />
These are manmade islands they are so good large that one can view from their<br />
home with naked eyes. The islands are known as Palm Jebel Ali and Palm<br />
Jumeirah. These beautiful islands are crafted in shape of palm trees. These islands<br />
are just striking and too good so do not miss visiting these.<br />
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3. Burj Al Arab Hotel<br />
This is one and only seven star hotel in the world, with unlimited luxuries inside.<br />
The hospitality the food the ambiance, rooms are incredible you will fell in love with<br />
this hotel. Burj Al Arab hotel is an ultimate experience to stay or visit this<br />
restaurant. This is one of the most photographed buildings in the world as it is truly<br />
wonderful and a matchless hotel. The food served is too yummy with different<br />
palates.<br />
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4. Dubai Museum<br />
This is one of the oldest buildings that were built in 1787. The main aim of the<br />
Dubai museum is to present to public the traditional way of life that was led by<br />
people in Dubai. This is a must go place to see an historic glimpse of Dubai,<br />
this museum shows local olden days and also, shows relics from Asian and African<br />
countries which traded with Dubai.<br />
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5. Desert safari and beaches<br />
The Dubai desert safari is one thrilling experience that you must have you are taken<br />
on the rollercoaster ride on the Land cruiser and left in the mid of golden desert<br />
where you see exotic belly dancers dancing and have a barbeque dinner. Other than<br />
that Dubai has many beaches which are known for their spectacular beauty<br />
the sands are as soft as velvet and water as clear as crystal.<br />
Dubai is a wonder land, which has ample of things to see and experience hence this<br />
is also one of the most sought out locations among the people around the world.<br />
Kumar love to write on several tours and travel spot around world especially on<br />
Dubai tourist spot.<br />
Events & Celebrations<br />
There are several actions and carnivals in the UAE throughout the year, and hardly a<br />
month passes by without a recreational, shopping, traditional or art event. It is worth<br />
mentioning some of the facilities and carnivals which attract many visitors from<br />
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particularly these facilities and carnivals coincide with several seasonal holidays and<br />
festivals.<br />
‣ Abu Dhabi classical music festival:<br />
The first musical event in the Arab world which introduces a series of art<br />
performance throughout the year.<br />
‣ Woo mad festival:<br />
The first art festival of its kind to link east and west arts in a globally unique show.<br />
‣ Sharjah Biennial:<br />
An international fine art aims to support and guide the Arabic fine art movement.<br />
Held every two years in the Emirate of Sharjah with a contribution by Arab and<br />
foreign countries. The aim of the festival is to introduce the civilized and cultural role<br />
of the Arab artist corporations and establishments.<br />
‣ Fujairah shopping festival:<br />
Fujairah shopping festival aims at leading the tourism, economic, cultural and social<br />
tourism face of the Emirate of Fujairah and to make it a tourism investment center in<br />
the region.<br />
‣ Fujairah International monodrama festival:<br />
A theatre demonstration introduced by the Emirate of Fujairah every two years to<br />
celebrate theatre role which improve people awareness and improve their taste for<br />
art away from the usual glory of prizes and competitions.<br />
‣ Ajman shopping festival:<br />
A recreational and cultural demonstration attracts many visitors. The festival<br />
introduces several religious and cultural competitions which add glory to the festival.<br />
‣ Dubai shopping festivals:<br />
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A festival which attracts visitors through a month long event where lights and<br />
recreational shows cover the city as well as the promotions offered by shopping<br />
centers in the Emirate of Dubai.<br />
‣ Dubai cinema festival:<br />
The pioneer cinema festival in the middle east which represent a platform for the<br />
Arab cinematic to present their creativity to international and Arab audiences who<br />
contribute greatly to the cinema industry in the region.<br />
‣ Sharjah water festival:<br />
A first class family recreational festival which attracts families to entertainment and<br />
recreations in an educational promotional way. The festival promotes Sharjah as a<br />
family tourist attraction destination.<br />
‣ Sharjah lights festival:<br />
An international festival which relies on drawing-using-light where light and music<br />
meet in a unique harmony to draw a creative show on the Islamic style unique<br />
buildings that distinguish Sharjah.<br />
‣ RAK Arabian camel festival:<br />
Camel racing is considered the most popular pan-gulf region sport and<br />
particularly in the UAE. RAK festival attracts many of this traditional Arabian<br />
sport.<br />
‣ Umm Al Quwain shopping festival:<br />
It is distinguished by its cultural, shopping style and traditional diversity which<br />
represents the way of life of this beautiful Emirate.<br />
ROLE & ACTIVITES OF NCTA TOURSIM<br />
‣ NCTA Role in UAE<br />
The National Council for Tourism and Antiquities, in cooperation with the World<br />
Tourism Organization, the Global Code of Ethics for Tourism, with the aim of<br />
upgrading the level of tourism awareness among all segments of society and interest<br />
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in tourism as a principal of sustainable development and awareness of the free<br />
movement of tourists as well as the rights and duties of workers in the tourism<br />
industry as well as apply the principles of the Global Code of Ethics for Tourism. The<br />
Council a set of principles developed by the World Tourism Organization of the<br />
United Nations, to serve as a guide and a guide containing everything related to<br />
sustainable tourism development, as it seeks the Code to minimize the negative<br />
impacts of tourism on environment and cultural heritage, and to increase the size of<br />
the benefits they bring to the communities living near of tourist sites.<br />
‣ The council has launched several initiatives in a series to raise awareness of<br />
tourism initiated by the book "The effects of the UAE" and followed to this 7<br />
and Mazda on one side," then the Global Code.<br />
‣ The awareness and understanding of peoples, tolerance and respect for the<br />
tourist, and service providers and appreciation generated from the benefits of<br />
economic, cultural, and tourism depend on The social life of the country, with<br />
the need to show the customs and traditions, which are a magnet for tourists<br />
who looking for recognition and convergence with the customs and traditions<br />
of other peoples.<br />
‣ The concerted efforts of the State and its citizens to support efforts to develop<br />
tourism and archaeological awareness, contribute to the process of urban<br />
development and balanced human, for being a tool of interaction between<br />
cultures and peoples.<br />
‣ NCTA to establish the concept that the tourism industry is the industry of the<br />
future and to support awareness-raising initiatives to consolidate the cultural,<br />
social, environmental and tourism and economic, in order to upgrade the<br />
industry through the dissemination of tourism awareness and promotion<br />
behaviors in charge between the different.<br />
‣ The Code contains ten principles designed to give guidance in respect of<br />
tourism development for governments and workers in the tourism sector,<br />
visitors and local and international authorities’ relevant sector to good role of<br />
tourism as a sustainable development.<br />
‣ The ten principles as tourism using the heritage of humanity's cultural and<br />
contributor to the promotion, NCTA tourism activity is beneficial to the<br />
countries and host communities, and promoting the rights and obligations of<br />
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stakeholders in tourism development, and the rights of workers in the tourism<br />
industry, and it is a right for all allowing the free movement of tourists, all of<br />
these principles were applied to the principles of the Global Code of Ethics for<br />
Tourism.<br />
‣ The Code includes a global interpretations of each item ten so that<br />
stakeholders in tourism development commitment in their behavior, and<br />
suggest explanations that they are understanding and the promotion of moral<br />
values recognized in human behavior.<br />
‣ The principles for public authorities to protect tourists and visitors and their<br />
property, and must pay special attention to the safety of foreign tourists by<br />
virtue of their status, which facilitates the exposure to risk, and to facilitate<br />
them to use the means of access to information and prevention security and<br />
insurance and assistance that they need.<br />
‣ The principles strongly condemn any attacks or attacks or kidnappings or the<br />
threat of or employed by the tourism and severely punish, in accordance with<br />
national laws.<br />
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‣ NCTA Tourism Council activities<br />
‣ The Governing Council of the National Council for Tourism and Antiquities, ,<br />
Minister of Culture, Youth and Community Development topics on the agenda<br />
dealing with tourism activity and Archaeological Council locally and<br />
internationally.<br />
‣ NCTA was attended by Mohammed Khamis Al Muhairi, Director General of<br />
National Council for Tourism and Antiquities and the board members, access<br />
to the minutes of the fourth meeting of the Governing Council, which was held<br />
on November 19, 2012 and its executive orders, approval and signing of the<br />
record by the Chairman and members<br />
‣ The participants on the general tourist guidance system common to the UAE<br />
and report by the Council which will contribute to the organization of tourist<br />
guides at the state level.<br />
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‣ The meeting reviewed the final report of the work of the Committee for Study<br />
of the revenues of the National Council for Tourism and Antiquities next to<br />
discuss the archaeological awareness by the Council between the various<br />
local and community.<br />
‣ UAE in major exhibitions for the years 2014 - 2016 also discussed<br />
participation in the first meeting of the joint committee between the United<br />
Arab Emirates and the Republic of Indonesia.<br />
‣ The Board of Directors reviewed the report to participate in the thirty-sixth<br />
meeting of the Committee of the World Tourism Organization for the Middle<br />
East and events best practices in the field of digital marketing and meeting<br />
addressed the report.<br />
‣ The preliminary list represents the State in the Board of Directors of the<br />
Regional Centre for World Heritage in Bahrain.<br />
LAW OF UAE TOURISM<br />
The UAE Ministry of published research that stated 72 per cent of expats in the UAE<br />
lack knowledge of local customs and traditions. In addition, only one-third of the<br />
2,000 respondents surveyed said they to set aside any time to find out more about<br />
local culture.<br />
This kind of complacency, according to the article, results in “Many expats enduring<br />
court trials, facing social embarrassment and suffering a long list of inconveniences –<br />
simply due to not knowing the rules.” Ignorance of the country’s moral boundaries is<br />
resulting in an increase in incidents of expats falling foul of the law.<br />
Emirates 24|7 listed ten rules that have often cropped up in cases where expats<br />
have claimed ignorance of the law, but not escaped its effects.<br />
‣ No kissing, no touching<br />
If you have been residing in the UAE for a while, you might already have figured it<br />
out. Holding hands may be OK, but kissing and petting is not. Expect a tap on your<br />
shoulder or a correcting finger reminding you to abide by the local customs,<br />
deeming this behaviour inappropriate.<br />
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‣ No swearing/making indecent gestures<br />
Not everybody will be offended by it to the same extent, but in the UAE it is<br />
forbidden. “No swearing and no indecent gesturing” is the warning in many tourist<br />
guidebooks as it has occurred in the past that unaware foreign visitors or residents<br />
have been fined or imprisoned for expressing themselves in a way that is not be<br />
appreciated in the UAE. Giving the finger pulling out your tongue and even a<br />
somewhat aggressive hand move are all considered indecent . Moving your thumb<br />
up and down hoping to catch a hitch hike is not done and pointing at something or<br />
someone is considered impolite.<br />
‣ No taking pictures of others without permission<br />
Again, it will most likely involve the innocent, unaware tourist who likes to capture<br />
images of everything looking just a little different than back home. Any person being<br />
captured on camera in any public space in the UAE can bring the photographer to<br />
court.<br />
Especially women and families are sensitive towards the issue. Fines are the<br />
result.<br />
‣ Disrespecting any religion<br />
Religious values are widely respected in the UAE committing blasphemy or sacrilege<br />
against any religion is considered deeply offensive. Islam being the official religion<br />
of the UAE some simple rules are followed in order to show respect and avoid<br />
misunderstandings, states the Code of Conduct.<br />
It is important to be aware of these rules, as religious values may not be the same all<br />
over the world. When a newspaper contains the name of the Prophet (PBUH), do not<br />
use it as wrapping paper. When you hear the call for prayer, do not disrupt its sound<br />
in an obvious way. Do not forget that during Ramadan rules are different all<br />
together.<br />
‣ No sharing private space with opposite sex<br />
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Strictly speaking sharing a private space with a member of the opposite sex when<br />
not related by family ties or marriage is forbidden. Private space would be a house,<br />
room, hotel room and even car.<br />
Certain behaviour is tolerated. Hotel reservations are easily made for unmarried<br />
couples wanting to share a room and there are many cases of single men and<br />
women sharing a villa, apartment and even a room. Any punishment depends on the<br />
situation.<br />
‣ No indecent clothing<br />
Another way the UAE decency law may affect the unsuspecting resident is by the<br />
guidelines it puts on clothing. Summer heat may tempt you to pull out the most exotic<br />
outfit . Visitors have to parade and mingle in the place where it’s all about the looks.<br />
Wrong again.<br />
In public places, guidelines say shorts and skirts need to be of appropriate length not<br />
to indecently expose parts of the body, be transparent, or display obscene or<br />
offensive pictures and slogans. On beaches rules are more lenient; swimwear is<br />
accepted but should be appropriate. Top-less sunbathing or the wearing of a thong is<br />
not allowed.<br />
‣ Entry Regulations<br />
Cooperation Council for the Arab States of the Persian Gulf (GCC) and citizens of a<br />
number of states in Europe and elsewhere (including Australia and New Zealand)<br />
can get a free entry permit stamped in their passport upon arrival, good for up to 90<br />
days. Visitors from other nationalities require the sponsorship of any U.A.E.<br />
resident or any company or hotel licensed to operate within the U.A.E. and are<br />
limited to a 30-day stay.<br />
Citizens of the UK, France, Italy, Germany, the Netherlands, Belgium, Luxembourg,<br />
Switzerland, Austria, Sweden, Norway, Denmark, Portugal, Greece, Cyprus, Finland,<br />
Malta, Spain, Monaco, Vatican, USA, Iceland, Andorra, San Marino, Liechtenstein,<br />
Hungary, Australia, New Zealand, Japan, Brunei, Singapore, Malaysia and Hong<br />
Kong may stay for up to 30 days without a visa. Citizens of Ireland may stay for 60<br />
days with a 30-day stamped entry permit, with the option to extend to 90 days for a<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 119
fixed charge. As of 2 January 2011, Canadian citizens must acquire a visa prior to<br />
travelling to the United Arab Emirates.<br />
Present Trade of tourism affects GDP in UAE & INDIA<br />
Comparison of GDP of Indian and UAE Tourism Industry<br />
‣ UAE Tourism contributed 14% to UAE's GDP in 2012<br />
A recent report by the World Travel & Tourism Council (WTTC) showed that the<br />
UAE's travel and tourism industry is growing at a faster pace than the world growth<br />
average, Arabian Business reported.<br />
According to the report, the tourism sector contributed 14 percent to the UAE<br />
economy in 2012, well above the global trend of 9 percent.<br />
The report also said that the industry brought USD52.7 billion to the Gulf state's<br />
gross domestic product in 2012, expecting the figure to increase by 3.2 percent this<br />
year.<br />
The data released by the WTTC also showed that one in nine of all jobs in the<br />
country are resulting from the industry, which beats the global average of one in 11<br />
jobs.<br />
Travel and tourism has created a total of 383,500 jobs in the UAE in 2012 and is<br />
expected to further rise by 2.6 percent to 393,500 jobs this year, compared with a<br />
global expected increase of 1.7 percent, the data showed.<br />
WTTC said that USD22.54 billion or almost 23 percent of the country's total<br />
investment last year, was injected into the industry in 2012, and the amount is<br />
expected to rise by 12 percent in 2013.<br />
It is worth noting that the UAE is expected to receive a total of 25.8 million tourists<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 120
over the next 10 years, generating visitor expenditure of USD56.4 billion, an increase<br />
of 5 percent per annum.<br />
LAST PREVIOUS HIGH LOW<br />
GDP GROWTH RATE 4.90 4.20 9.80 -4.80<br />
The Gross Domestic Product (GDP) in the United Arab Emirates expanded 4.90<br />
percent in 2012 from the previous year. GDP Annual Growth Rate in the United Arab<br />
Emirates is reported by the National Bureau of Statistics, UAE.<br />
Indian Tourism GDP contributed 6.4% to Nation’s GDP<br />
The Travel & Tourism industry in India is almost three times bigger than the size of<br />
automotive manufacturing industry and generates more jobs than the chemical<br />
manufacturing, automotive manufacturing, communications and mining sectors<br />
added together.<br />
This is according to new research from the World Travel & Tourism Council (WTTC)<br />
sponsored by American Express, released today at the ‘WTTC’s India Initiative<br />
Retreat’ in Bekal, Kerala, India.<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 121
The research, undertaken by Oxford Economics, shows that the sector’s direct<br />
contribution to India’s GDP is INR2 billion which is almost three times more than the<br />
contribution of automotive manufacturing.<br />
Travel & Tourism’s total contribution – including direct, indirect and induced impacts -<br />
to GDP in India was INR6.7 billion around 6.4% of total GDP. This compares to 3.3%<br />
for automotive manufacturing, 4.5% for education and 3.7% for the mining industry.<br />
Supporting 39 million direct, indirect and induced jobs in India, Travel & Tourism<br />
generates more jobs than the mining industry and communications services.<br />
It also highlights that Travel & Tourism is a significant source of export revenue for<br />
India.In 2011, visitor exports totaled INR950 billion which was 12% of all service<br />
exports and 3.9% of all exports.<br />
The study compared the effect of Travel & Tourism spending on GDP and the wider<br />
economy.<br />
LAST PREVIOUS HIGH LOW<br />
GDP GROWTH RATE 1.30 0.80 5.80 -1.70<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 122
The Gross Domestic Product (GDP) in India expanded 1.30 percent in the fourth<br />
quarter of 2012 over the previous quarter. GDP Growth Rate in India is reported by<br />
the OECD.<br />
ANALYSIS<br />
UAE is worth noting that the UAE is expected to receive a total of 25.8 million<br />
tourists over the next 10 years, generating visitor expenditure of USD56.4 billion, an<br />
increase of 5 percent per annum.<br />
INDIA highlights that Travel & Tourism is a significant source of export revenue for<br />
India.<br />
In 2011, visitor exports totaled INR950 billion which was 12% of all service exports<br />
and 3.9% of all exports.<br />
Thus, The UAE Tourism growing faster than Indian Tourism Industry. UAE’s tourism<br />
Industry contributed more amounts of revenue in GDP rather than of India.<br />
Present Position and Trend of Tourism with UAE &INDIA<br />
UAE tourism sector Revenue growth (67%) to the 2016<br />
‣ Tourism development extending to the four corners of the Emirates as ATM<br />
2013 road show series censorship up in Dubai<br />
‣ The road show in Dubai, which was the largest event with 140 delegates,<br />
comes at a time when the UAE tourism receipts are forecast to rise by<br />
67% over the next few years. The region is now entering a new era of<br />
stability and increased connectivity and expansion of existing infrastructure.<br />
‣ A recent Dubai Chamber study, supported by statistics published by Business<br />
Monitor International, puts UAE tourism sector growth at 6.5% per annum<br />
between 2011 to 2021, with visitors from the Middle East, Employment growth<br />
prospects for the sector are also buoyant, with a forecast annual real growth<br />
rate of around 4.1%.<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 123
‣ Tourist arrivals in the UAE are forecast to grow at a CAGR of 5.3% between<br />
2012 and 2022, with hotel supply also expected to increase from the current<br />
96,992 hotel rooms in Dubai and Abu Dhabi, to a total of 125,383 hotel rooms<br />
in 2016.<br />
‣ The emirate of Dubai continues to build on impressive performance levels. In<br />
November 2012, year-to-date occupancy of 80% was up 2% on 2011<br />
according to Ernst & Young’s 2012 Middle East Hotel Benchmark Survey.<br />
‣ Dubai International Airport, which is currently ranked the fourth busiest airport<br />
in the world in terms of international passengers, recorded total passenger<br />
traffic in the first 11 months of 2012 at 52.3 million travellers, up 13.1%<br />
against 2011, with passenger numbers forecast to reach 56.5 million in 2012,<br />
and 98 million by 2020.<br />
‣ Abu Dhabi has recorded similarly buoyant figures with 2012 another record<br />
year according to the Abu Dhabi Tourism & Culture Authority (TCA Abu<br />
Dhabi), which revealed that in 2012 it welcomed 2.3 million hotel guests to the<br />
emirate’s hotels and hotel apartments, representing a 13% rise on 2011<br />
figures. Hotel revenues for the same period also increased by 6% to US$<br />
1.261 billion.<br />
‣ The tourism plans to position itself as nature-focused tourism destinations are<br />
gaining momentum by 2021, the emirate expects around 20% of its GDP to<br />
be generated by tourism-related activities. The northern emirate is aiming to<br />
10,000 rooms by 2016 with a US$218 million commitment to tourism<br />
development from the government.<br />
Future Aspects of UAE tourism<br />
‣ Dubai Shopping Festival Gives a big boost to UAE Tourism<br />
DSF (Dubai Shopping Festival) 2013 promise a lot of entertainment programs and<br />
events for their visitors. There are numerous programs that have been organized for<br />
different segment of people. Special efforts have been taken to ensure that every<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 124
guest is well taken care of throughout their visit to the festival. This is because of<br />
their impressive and exclusive festival ideas people around the ball eagerly wait for<br />
celebrating this festival. Dubai got the name as the city of gold during an awareness<br />
campaign held at the Dubai Shopping festival. The establishment of Dubai invites<br />
many celebrities and esteemed people all over the world. It was at this time, when<br />
this festival was called as Dubai Shopping Festival. At that time they had come up<br />
with an unusual idea of global village. Through this festival the authorities exhibit the<br />
culture and styles of Dubai. Such was the success of this festival that the authorities<br />
to an oath to organize this festival every year. This festival has attracted many<br />
visitors’ crossways the world and is best known for their hospitality.<br />
This festival is known to be the most successful and main entertainment and<br />
shopping programs that are conducted every year. A part from entertainment<br />
programs this festival also plays a essential part in the development of tourism in<br />
Dubai. It also boosts the economic condition of the country. Large number of tourists<br />
has been increasing every year, and it has been productively providing a platform for<br />
international talents to exhibit their skills. Not only that the tourist also gets an<br />
opportunity to feel the luxury and culture of the country.<br />
<br />
Retailers participating in DSF are pulling in tourists with promotional activities,<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 125
counting discounts, freebies, and raffle draws. Dubai: This year’s Dubai<br />
Shopping Festival (DSF) is expected to see up to eight per cent increase in<br />
visitor numbers compared to last year’s show, according to experts.<br />
‣ Dubai played host to 4.3 million visitors last year during the shopping festival.<br />
And this year, the growth rate is expected to be “7 to 8 per cent”,<br />
‣ The 32-day-long shopping festival opened on January 3 and will run until<br />
February 3.<br />
‣ “DSF plays a good role in ornamental tourism, especially from GCC countries.<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 126
CONCLUSIONS & SUMMARY<br />
Conclusion (DIAMOND INDUSTRY)<br />
Dubai is the 3 rd largest diamond jewellery seller in the world<br />
India export 147 million caret diamond in last year by kiran export<br />
India and Dubai trade relation is good but need to more government support<br />
from the Indian government<br />
Indian government to reduce the duty on the diamond and gold<br />
Ddamas and gitanjali group develop the stage to sells a diamond jewellery in<br />
the India<br />
Damas have so many contracts with the different country’ big jewellery sell<br />
UAE government also help to diamond trade policy and help to organise a<br />
diamond trade fair in the country<br />
In the UAE trade of diamond is positive because so many shop and particular<br />
jweri market and also 3 rd largest diamond jewellery seller in the world<br />
Without kp certificate diamond trade is un legal and take action against the<br />
person trade diamond<br />
Dubai hosts inaugural pearl auction<br />
Dubai diamond trade rises 22% to 182m carats<br />
Dubai's rough diamond trade reaches US$3.03bn in first half 2008<br />
Dubai to host world's first Pearl Forum<br />
UAE set to become jewel of global diamond trade<br />
D'damas is one of the most popular jewellery brand in the country today with a<br />
presence in over 159 towns<br />
CONCLUSION (TEXTILE INDUSTRY)<br />
The business incorporation process of a company in Dubai is undoubtedly hassle-<br />
free.<br />
1. There is no income tax, capital gains tax, and inheritance tax in the UAE.<br />
Corporation tax is applied only to banks and companies in the oil industry.<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 127
2. Most Emirati males prefer to wear a kandura, an ankle-length white tunic<br />
woven from wool or cotton, and most Emirati women wear an abaya, a black<br />
over-garment covering most parts of the body.<br />
3. Its importance is underlined by the fact that it accounts for around 4% of<br />
GDP, 14% of the industrial production and 17% of the country’s total earnings<br />
export.<br />
4. Govt. of India has established Export Processing Zones (EPZs) and Special<br />
Economic Zones (SEZs). In EPZs units can import goods free of custom duty.<br />
There is 5-year tax holiday to any industrial unit in EPZs.<br />
5. India and the United Arab Emirates (UAE) enjoy a strong and friendly<br />
relationship based on historical contacts, shared traditions and values. This<br />
relationship has been buttressed by long standing people to people and<br />
commercial contacts. The two countries have established strong partnerships<br />
in the field of commerce and trade. This partnership is expanding, diversifying<br />
and emerging into a strategic partnership.<br />
CONCLUSION (PETRO CHEMICAL INDUSTRY)<br />
We can conclude to the fact that bilateral trade and agreements between India and<br />
UAE have showed a optimistic development in all forms. The recent interest by<br />
policy makers of both nations to further supplement trade ties and its relation is also<br />
important to note in perspective of international business.<br />
As a result of growing economic relations between UAE and India, it is further<br />
recommended that policy makers can further undertake many unitary measures to<br />
boost trade.<br />
Furthermore, the point to consider is that without any bilateral ties and agreement,<br />
facilitating trade and commerce presents a mockery of itself. Hence, the measure<br />
undertaken by both nations in terms of policy that is effective to one another have<br />
had a close share to boost economic relationship between India and UAE in the<br />
current state of affairs.<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 128
Thus, what we can finally conclude at this point is the fact that such development<br />
is good for the global economy, as well as the national economy of both trading<br />
nations.<br />
CONCLUSION (TOURISM INDUSTRY)<br />
‣ The UAE tourism sector therefore has strong Growth. In the study states that<br />
Dubai’s strategic location and strong air and transport infrastructure have<br />
given it the ability to project itself around the world as a hub of tourism. A<br />
sound long-term strategy to exploit future opportunities, and enable more<br />
private sector and government cooperation.<br />
‣<br />
Emirati usually travels with the extendedfamily their requirements are also<br />
large family, their requirements are also large sized, including multiple room<br />
s or suites and a mini bus or voyager to travel in comfort.<br />
‣ UAE and India for long have enjoyed close and friendly ties based o<br />
n historic and<br />
cultural ties. Today UAE and India share political, economical and cultural li<br />
nks. A large<br />
Indian expatriate community resides in UAE. All these factors make India a<br />
well known<br />
country for the residents of UAE.The distance between India and UAE is very<br />
less UAE to India very convenient.<br />
‣ As per whole kind of data what we find it and after that researched on UAE<br />
Tourism we can say that as per India & UAE both are required to support to<br />
developments in their Tourism sector with the well collaboration through so<br />
which achieve a such level of better tours & travel system providing in the<br />
future. & Many opportunist to the business in future UAE & India in Tourism<br />
sector.<br />
‣ After this whole project report through we learnt and knew that regarding both<br />
the country's Tourism system. How it differs by structure and policy wise, try<br />
to build one good relation between two countries and keep relation for more<br />
various support in different sector.<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 129
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