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 expansion of companies on a global level.
The survey noted that Dubai was the choice of 21 per cent 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 per cent, followed by Hong Kong in third place with 18 per cent, New York was fourth, with 13 per cent, and London came fifth with 10 percent. 19 per cent 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 per cent of participating companies in the survey, followed by Asia with 37 per cent, North America 10 per cent, Europe 6 per cent, and 4 per cent of companies chose South America as their favourite 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.