Thursday, 29 September 2011

gulfnews : Cost of doing business in Dubai hurting retail, business group says

The high cost of doing business in Dubai is having a negative effect on the emirate's retail sector, CEOs claimed yesterday.

During a roundtable discussion hosted by the Dubai Chamber of Commerce and Industry, top businessmen in the UAE said that the high cost of hiring staff, paying wages and rents was a significant obstacle.

"Despite Dubai's appealing conditions and promising growth, the high operating costs of businesses is among the emirate's main challenges [and] should be monitored very closely," said Mohideen Bin Hindi, the chairman of the Dubai Retail Business Group.

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