Dubai: The New Hub for African Business?

Via The Africa Report, an article on role that Dubai plays for African business:

A crossroads between Europe, Africa and Asia, the emirate now hosts regional headquarters for numerous companies operating in Africa.

Running African businesses from outside the continent? The situation is nothing new.

But decision-making centres, long headquartered in European capitals, have shifted south-east. One city in particular has succeeded in attracting companies: Dubai.

It sits at the crossroads of three continents, and since the United Arab Emirates was born in 1971, everything has been done to fully harness this asset.

Logistics and international finance

Thus Dubai has gradually established itself as a logistics hub, but also an essential financial centre and, more recently, an attractive hub for senior executives of all nationalities.

Samsung, LG, Ericsson, Thales, Mitsubishi, Airbus, Accor, Porsche, Goodyear, Nikon, Casio, Alibaba and DHL have set up regional headquarters there. Jumia was briefly located there before choosing Abidjan.

In this series, we take you to meet companies – African or not – that chose it for situating their headquarters to manage continental activities.

They detail the reasons behind their decision and describe a personal and professional lifestyle that convinced them.

But behind the veneer of prosperity, Dubai conceals darker aspects marked by scandals.



This entry was posted on Monday, December 11th, 2023 at 10:37 am and is filed under UAE.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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WILDCATS AND BLACK SHEEP
Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.