The real problem is the lack of free zones, which are the driver of economic growth in places like Dubai.
For instance, why would a foreign company invest in Qatar, if on paper 51% of their company needs to be "owned" by a national, who will contribute very little, demand a cut of the profits, and can hold the company ransom with exit permits, visas, etc?
Any wonder the UAE is 31, and Qatar is down the list at 40. And think about it, there are 39 countries in the world where business would rather be than Qatar, so that's practically EVERY western and east asian country. I
The real problem is the lack of free zones, which are the driver of economic growth in places like Dubai.
For instance, why would a foreign company invest in Qatar, if on paper 51% of their company needs to be "owned" by a national, who will contribute very little, demand a cut of the profits, and can hold the company ransom with exit permits, visas, etc?
Any wonder the UAE is 31, and Qatar is down the list at 40. And think about it, there are 39 countries in the world where business would rather be than Qatar, so that's practically EVERY western and east asian country. I