The UAE has always presented the world with a wealth of investment opportunities. Despite a recession in most of the world, the UAE has remained very popular as a key investment center for many avid investors. In 2017, the UAE continued to grow and progress on several fronts, and it was another year of implausible achievements. Let’s take a look at some of the most anticipated and exciting things that can happen in the UAE in 2018:
1. 2018- The year of Zayed
United Arab Emirates 2018 On the occasion of the auspicious occasion and the culmination of 100 years, the birth of the late Sheikh Zayed bin Sultan Al Nahyan will be dedicated to the founding father of the United Arab Emirates. Throughout the year, locals will remember the efforts made by Sheikh Zayed to shape the modern United Arab Emirates and promote its values throughout the population.
2. Implementation of VAT (value added tax)
The value added tax (VAT) will be publicly implemented in the UAE in 2018. Consequently, a small increase in the cost of living can be noticed due to the 5 percent tax on goods and services. Basic services, along with water and electricity, are also expected to be covered by VAT.
3. Completion of the Mohammed bin Rashid library
The $ 272.3 million Mohammed bin Rashid Library venture located in the Al Jaddaf area of Dubai is highly likely to be completed in the new year.
4. Inauguration of the longest zip line in the world
The world’s longest zip line ‘Jebel Jais in Ras Al Khaimah’ will open to the public in the New Year. This zip line is predicted to break the existing world record for a 2,200 meter long zip line ‘El Monstruo’ in Puerto Rico.
5. Hospitality industry
The UAE hotel industry is set to witness a huge surge due to the availability of the latest technologies and the dedicated input of a multitude of investors.
6. Dubai City Land Mall
This unlikely and innovative shopping mall developed by the same experts behind the Dubai Miracle Garden and Dubai Butterfly Garden is set to be the world’s first shopping mall, packed with wonders of natural beauty. It will open to the public in 2018.
7. Aladdin City
Aladdin City will open in Dubai Creek and it is highly likely that the venture will be completed by the end of 2018. The project was developed and inspired by the ancient legendary heroes Aladdin and Sinbad.
8. Yas Island: the highest indoor climbing wall in the world.
The world’s tallest indoor climbing wall located on Yas Island would be a major draw in the UAE’s steady growth in terms of development and implementation of modern concepts. This $ 100 million climbing wall is ready to open in the New Year.
9. World Expo 2020
World Expo 2020 is a large public fair in which participants from all different industries show their products and services offered. The next editions of this exhibition will be held in Dubai, UAE (2020).
The aforementioned developments can definitely help the country to strengthen its position as an international leader in the implementation of innovative technologies.