In the first decade of the 21st century, one city in the Middle-East proved itself to be the greatest survivor in the world of an edgy and competitive world of business. The United Arab Emirates in general and Dubai in particular has been on the forefront of successful business ventures and thus, has been able to grasp the attention of the entire world. Modern infrastructure and world class sea, air and road connectivity have been the primary factors for this upsurge in its popularity as one of the most dynamic financial capitals of the world. In the last ten years, Dubai's free hold projects like the Palm Jumeirah, Dubai Marina, Down Town and Burj Khalifa have been the centre of attraction for the entire real estate and tourism fraternity of the world. Though Dubai is known more for its spectacular architectural masterpieces or the extremely elegant and tall buildings, the commitment and the confidence of the people of this region has played a key role in making Dubai what it is today for the world. The economic scenario of the UAE has boosted in a short span of nearly a decade and thus has proved to be a perfect business hub for the world, where the East meets the West and a unique synergy is automatically generated that benefits both.
With the number of Free Zones in UAE increasing day by day, they are turning out to be an important part of the UAE economy. The UAE Free Zones have greatly helped in augmenting the UAE economy by building up an optimum structure for a safe and strong business environment for a foreign business enterprise. By now, UAE Free Zones are home to around 40,000 companies. The Jebel Ali Free Zone being the first Free Zone in the country, it has created the benchmark for regulations & incentives. Its rapid growth has also provided a powerful economic inspiration to the other offshore centres in the Emirates. Today, Free Zones in UAE have also started offering offshore centres for a lot of foreign companies.