Survey: Dubai is the best centre worldwide for expansion of companies

DUBAI 29th February 2016 (WAM) -- A survey by the Alliance Business Centres Network for the Middle East and North Africa MENA has shown that Dubai ranked first among the best centres for the expansion of companies on a global level.

The survey noted that Dubai was the choice of 21% of the total 300 companies that participated in the survey from Asia Europe and North America to choose the best position for expansion globally.

The survey also revealed that Singapore ranked in second position with 19 % followed by Hong Kong in third place with 18 % New York was fourth with 13 % and London came fifth with 10 %. 19 % of companies' choices were distributed amongst other cities scattered all over the world.

African countries ranked first among the target markets for expansion in general by 43 % of participating companies in the survey followed by Asia with 37% North America 10% Europe 6% and 4% of companies chose South America as their favorite destination for expansion.

Sherif Kamel President of Alliance Business Centres Network for the Middle East and North Africa said that the survey revealed the most attractive factors to attract aspiring companies for expansion globally characterised by the ease of doing business and establishing companies.