 Dear ,
 Το φθινόπωρο λήγει, ο χειμώνας καταφτάνει, ο κλιματισμός εργάζεται όλο και λιγότερο και με την έναρξη της εκθεσιακής σεζόν και την αύξηση τουριστών λόγο διαφόρων Ευρωπαϊκών και τοπικών διακοπών, οι δρόμοι και τα εμπορικά κέντρα είναι γεμάτα με κόσμο. Με φόντο τις ανησυχητικές ειδήσεις και εκδηλώσεις από την Ελλάδα, ο αριθμός των Ελληνικών επιχειρήσεων και επαγγελματιών στα Ηνωμένα Αραβικά Εμιράτα αυξάνετε και η κοινότητα ανθίζει. Καλούμε όλους να βοηθήσουν όσο μπορούν τους νεοεισερχόμενους, πολλοί εκ των οποίων αναζητούν απασχόληση στην περιοχή, με συμβουλές και πληροφορίες στις συναντήσεις του ΕΕΣ και Emirates Greeks, και στα ηλεκτρονικά ΜΜΕ όπως το group του ΕΕΣ στο LinkedIn και Emirates Greeks ιστοσελίδα και FaceGroup.
Σε παγκόσμιο επίπεδο, η οικονομική ανάκαμψη επιβραδύνεται, με αναταραχές στην Ευρώπη και τις ΗΠΑ να αλληλοεπηρεάζονται με αποτέλεσμα να κινδυνεύει η παγκόσμια ανάπτυξη. Το Ντουμπάι φαίνεται να βρίσκεται σε ανάκαμψη σημειώνοντας ύψιστα επίπεδα εμπορικής δραστηριότητας χάρη σε επέκταση σε νέες αγορές, αυξημένη κυκλοφορία μέσω του αεροδρομίου του Ντουμπάι που καθιερώνει την θέση του ως περιφερειακός διανομέας και γενικότερα με την βελτίωση μακροοικονομικών συνθηκών.
Με αυτό το δελτίο συμπεριλαμβάνουμε και την τελευταία οικονομική έκθεση από το Εμπορικό και Βιομηχανικό Επιμελητήριο του Ντουμπάϊ (DCCI) που περιγράφει επιδόσεις του Ντουμπάϊ και μία εικόνα της παγκόσμιας οικονομικής κατάστασης. Εμφανώς, ορισμένα από τα έργα στις οικοδομές έχουν ξαναρχίσει με την απελευθέρωση ορισμένων πόρων και βαδίζουν σπασμωδικά προς την ολοκλήρωση τους παρ' όλο που ακίνητοι γερανοί δεσπόζουν τον ορίζοντα.
Το HBC έγινε ενός έτους και το Διοικητικό Συμβούλιο οργανώνει Ετήσια Γενική Συνέλευση των μελών. Λόγω των διακοπών του Eid, αναβληθεί η προγραμματισμένη ημερομηνία και αναζητείται κατάλληλος χώρος προς το τέλος του Νοεμβρίου. Το Συμβούλιο θα ενημερώσει το μέρος και την ημερομηνία εντός ολίγου.
Καλό χειμώνα σε όλους.
Υ¨Γ: Για να διαβάσετε το δελτίο αυτό σε PDF παρακαλώ ακολουθήστε τον παρακάτω σύνδεσμο εδώ  The autumn is almost over, winter is fast approaching, the air-conditioning is working less and Dubai's exhibition season is in full swing and added to the various European and regional holidays, the city appears to be full. Against a backdrop of disturbing news and events from Greece, the number of Greek businesses and Greek professionals in the United Emirates are growing and joining a thriving community. We urge all our members to assist our newcomers, many of whom are looking for employment in the region, with advice and sharing of information about upcoming vacancies at meetings of the HBC and Emirates Greeks and the HBC group on LinkedIn and Emirates Greeks Facebook page. Globally, economic recovery is slowing further, with turmoil in Europe and the USA feeding off each other and endangering global growth prospects. Dubai appears to be in recovery with trade levels being higher than ever boosted by the sector's expansion to new markets, increasing traffic through Dubai's airport which strengthens its position as a regional hub and macroeconomic conditions improve. This newsletter includes the latest economic report from the Dubai Chamber of Commerce and Industry (DCCI) which highlights Dubai's performance and contains a snapshot of the global economic picture. Visibly, some of the real estate projects have restarted following some easing in liquidity and are progressing towards completion although static cranes still appear to dominate the Dubai skyline. The HBC is now one year old and the Administrative Committee is planning to hold the first Annual General Meeting of the members. Due to the Eid holidays, the planned date has had to be postponed and a suitable venue is currently being sought, aiming for the last weekend in November. We will advise of the venue and date. Let as all have a good winter.
PS: You can download a PDF version of this newsletter here. |
| Annual General Meeting
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The ANNUAL GENERAL MEETING of the members will take place towards the end of November where we will:
- Review the past year,
- Submit the Treasurer's report and audited statement of Revenues and Expenses,
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Discuss the way forward for the council and how it can benefit you, -
Vote for the new Administrative Committee, -
Vote for the new Auditing Committee, - Address any questions and concerns you may have.
We invite all eligible members to put themselves forward as a candidate for one of the seven positions (five members and two spare) for the Executive Committee. Applications forms can be downloaded here, please send them to manager@hbc-uae.com together with a photograph.
Only paid-up members of the HBC are entitled to vote. If you will not be able to attend, please ensure you nominate another member to act as proxy for your vote (please click here to download example of proxy form). DO NOT LET YOUR VOTE GO TO WASTE.
Click here for more information
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| Fond farewell | |
Many of you will have got to know Foteini Lavda during the course of last year who very efficiently assisted the HBC during its demanding stage of creation. Sadly she has decided to focus her energies on the demands of her new position with the Canadian University of Dubai which doesn't leave sufficient time for the needs of the HBC. We thank her wholeheartedly for her enthusiastic and dedicated work in this challenging year and wish her well in her new position with the Canadian University.
Fortunately Foteini is still very much a part of the community as she is still a member of the HBC and also directs the marketing of the Emirates Greeks Group and its activities.
Welcome
We welcome in turn George Christou who has very kindly stepped up to help the HBC in the short term. George who is probably making himself known to many of you, comes to Dubai from the aggressive environment of the back offices of the commodities and derivatives trading houses in Athens. He is currently busy with building up our membership for the second year of operation.
We welcome George and wish him all the best in Dubai.
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| UAE: The Ultimate Platform For Company Setup
Introduction | |
The establishment of the United Arab Emirates (UAE) as the Middle East business hub in the last few years is, frankly, no surprise. The unfailing vision of the country's successive rulers has been the starting point for a country that, in a matter of a few years, has become the undisputed center of the region's economy bridging the gap between Eastern and Western business communities. It is important to highlight here that, despite common assumption, oil and oil-related industries have not been the sole driving force behind this miraculous development. Instead, a combination of flexible laws, facilitative legislation, top-class infrastructure and an abundance of investment incentives have been progressively pulling foreign talent and international organizations to the UAE gradually converting it the business powerhouse it is today. In this brief write-up, we will attempt to encapsulate a concise guide of the available options for setting up a company in the UAE - particularly the Free Zone Company alternatives.
Limited Liability Company (LLC) Vs Free Zone Establishment (FZE)
The two most common types of company that are registered in the UAE are the LLC and the FZE. The LLC is certainly a somewhat more complex option as it usually entails higher costs, a number of approvals by government authorities and, last but not least, the clause that 51% of the shares should be, by law, owned by a UAE National (the "local sponsor"). There are ways of coming around this distinctive ownership clause but it is indeed one that still makes a number of international investors somewhat uncomfortable. For all purposes, one should know that, in order to perform commercial business within any of the seven emirates in the UAE (e.g. a restaurant in Abu Dhabi or hardware shop in Dubai), the LLC form is the only available option. Free Zone companies are not allowed to directly transact with organizations within the country (except via an "agent" LLC) but only within the free zone itself or with establishment found abroad (e.g. an entity registered in Greece). In the case of professional services within the country (such as a law firm or a consultant), there are options to form companies within any of the emirates without the need of a "sponsor" but of a, so called, "local agent".
What is a Free Zone?
A Free Zone is a particular area of a country where standard trade practice and regulation - such as tariffs or trade barriers - are made redundant or lowered for the purpose of attracting and facilitating new businesses and investment, typically from abroad. Today, there are more than thirty Free Zones across all seven emirates of the UAE.
Advantages of setting up in a UAE Free Zone
Depending on the business activity, Free Zones are usually the preferred choice of foreign investors for, but not limited to, the below reasons:
- The ability to have a 100% foreign ownership. The foreign owner setting up in a Free Zone does not need to appoint a local agent or have a local sponsor.
- A Free Zone company may have a single shareholder and a single director.
- Appealing tax benefits such as 0% corporate & personal tax and low tariffs relating to operations within the Free Zone.
- There are no restrictions on repatriation and/or transfer of capital, profits and wages to any location outside the Free Zone.
- Setting up business in a Free Zone is frequently simpler and, therefore, faster and less expensive. The relevant Free Zone authority is the only authority which needs to be dealt with.
- Free Zone authorities often provide additional services such as renting office and warehousing space and offer user-friendly online tools for visa and work permit management.
- A number of Free Zones "specialize" in certain business verticals. For example, the Dubai Healthcare City (DHCC) Free Zone invariably attracts medical establishments such as clinics and therapeutic centers.
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| Examples of UAE Free Zones | |
As discussed earlier, there is a sizeable number of free zones throughout the UAE. Below, we exemplify only a few for reference purposes:
- Jebel Ali Free Zone (JAFZ) - one of the oldest and most successful UAE Free Zones. Located between Dubai and Abu Dhabi, JAFZ is the largest in the country and includes a major port. Any company focusing on international trading and/or manufacturing, distribution or logistics activities could consider JAFZ for setting up their operations. Examples of existing tenants are Aramex Emirates, Volvo Group Middle East, and Mars GCC FZE.
- Dubai Internet City (DIC) / Dubai Media City (DMC) - adjacent free zones, member of Tecom Investments (a subsidiary of Dubai Holding). As their names suggests, these attract IT and Media organizations such as the regional offices of IBM, HP, Microsoft, CNN, and Reuters.
- Dubai Multi Commodities Centre (DMCC) / Jumeirah Lake Towers (JLT) - strategically located in Dubai, DMCC/JLT is a mixed-use free zone offering both residential and commercial facilities. While DMCC serves companies specializing in commodity-related activities, JLT serves clients of non-commodity related activities. DMCC/JLT clients are Damas Jewellery DMCC and Indigo Properties LLC.
- Ras Al Khaimah Free Zone (RAK) - Ras Al Khaimah Free Zone reflects the emirates' efforts to be an integral part of the UAE business community for more than a decade. Known for its hassle-free approach and with branches in other emirates RAK FZ has been one of the fastest growing free zones in the region.
- Dubai Airport Free Zone (DAFZ) - Taking advantage its location inside the Dubai Airport premises, DAFZ is one of the most commonly used Free Zones, especially for companies the activities of which are related to air cargo.
- Dubai International Financial Centre (DIFC) - The DIFC is a financial-sector specialized free zone in the heart of Dubai attracting - almost exclusively - banking, insurance, legal and a number of fund management firms. Regulated by its own authority DFSA (Dubai Financial Services Authority) and its own judicial courts (DIFC Courts), the free zone hosts prominent organizations such as Cisco Capital, ABN Amro Bank N.V., and Credit Suisse AG.
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Conclusion | | It is evident that the options for setting up an entity in the UAE are numerous and, quite often, intricate. Nevertheless, what is essentially imperative to appreciate is that the UAE does offer a diverse platform for all such alternatives for a reason which is, none other than, the facilitation of business and investment opportunities. With careful research and meticulous assessment on what suits one's business operations, the UAE will positively be one of the finest jurisdictions available in the region. |
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Nicholas Argyrides is the Managing Director of Premier East, the UAE-based consulting arm of the Premier Group of Companies (Cyprus). Premier East provides extensive corporate services throughout Europe, the Arabian Gulf and India.
The firm's practice focuses around three major areas: Consulting, Tax planning, and Management services. Amongst the broad spectrum of services offered, Premier East assists international clients interested in cooperating with regional service providers, supports companies from across the Arabian Gulf and India wishing to establish and utilize a European platform for their activities, advises on the most efficient tax company structures available globally throughout a wide network of associates and helps companies in managing and administering several business aspects such as market research, personnel, budgeting, strategy, and finances.
For more information, please visit www.premiereast.com.
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| Inheritance in the UAE
A peek at the legalities |  In this article we explore the topic of inheritance laws in the United Arab Emirates (UAE) and the manner in which they apply to foreign residents here. Inheritance can become a complex topic where the estate of the deceased is spread across different international jurisdictions and ensuring prudent planning for such an unfortunate eventuality has grown in significance since many expatriates now own property here in the UAE.
Irrespective of the area of jurisdiction, it is a generally accepted fact that it is far preferable to deal with the disposal of an estate in accordance with the wishes of the deceased rather than resort to the relevant courts. In other words it is highly advisable to make a will rather than create a situation where the bereaved will have to cope with the legalities and additional expenses going through the courts where the deceased dies intestate. This is even more important in the UAE where under certain circumstances there is a risk that the strict interpretation of Islamic Sharia would be applicable and conflict with other national inheritance expectations. UAE law permits a will to be made in favour of any person irrespective of religion or relation subject to certain restrictions. |
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Sharia, or Islamic Law, also meaning "path" in Arabic, guides all aspects of Muslim life including daily routines, familial and religious obligations, and financial dealings. It is derived primarily from the Quran and the Sunna--the sayings, practices, and teachings of the Prophet Mohammed. Precedents and analogy applied by Muslim scholars are used to address new issues. The consensus of the Muslim community also plays a role in defining this theological manual. |
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The situation becomes more complex if the deceased is Muslim; for example, non-Muslims cannot inherit Muslims unless there is a will instructing to the contrary although according to UAE law, a Muslim may only bequeath one third of the estate in a will to other than statutory beneficiaries. Additionally "foreign" law is not permitted to contravene Islamic Sharia even though it may be applicable in cases of non-UAE nationals. This could have an impact if, say, the "foreign" law provides for equal distribution of an estate between males and females or deprives a husband or brother from a share in the estate.
If the deceased is a non-Muslim, non-UAE national, the laws of his/her country will be applied and have precedence over UAE laws in cases of inheritance, unless all the beneficiaries agree to apply Islamic Sharia. This becomes significant when considering the difference in approach in the division of an estate between male and female beneficiaries for example.
Where property resides in a number of different countries, the laws of the country where the property resides will be applied separately, as UAE personal law applies only to property within the UAE. In any case, it is legally acceptable to draft a will that covers only property that resides in the UAE for the purposes of the UAE authorities.
It is preferable for a will to be organised at the relevant Sharia court although an informal will can also be valid, notarised by a Notary Public. The will can be amended at any time during the life of person and a person can appoint a non-UAE person to act as executor for property in the UAE although the executor must have the same religion as the beneficiary under the will.
In addition to inheritance, a person may choose to distribute property by sale or through gifting during one's lifetime while retaining the benefits i.e. income from that estate. This is relatively straightforward where personal property is concerned, however "real" property (e.g. real estate) will require a record in the land/property registry of the transfer as well as the benefits to be retained by the initial owner.
In terms of real property the option of transfer also applies to interest in companies where specific agreement between the parties will govern the nature of the transfer and the continuing benefits to be derived by the original owner.
Another option may be to simply gift possessions ("Heba" in Arabic). This will be governed by the laws where the parties reside (if they reside in the same country), or the laws of the country of where the gift was made if the parties reside in different countries. This does not apply to real property, in respect of which the law of the place the property is situated will be the applicable law.
UAE law prescribes that the surviving owner of a joint bank account must advise the bank within 10 days of the death of one of the joint owners, in which case the bank would block access to those bank accounts until the court formally determines the disposition of the inheritance.
The authors of this article are not lawyers and the above is provided for information only. We strongly urge that informed, professional legal advice should be sought when considering these issues or before taking any further action. Furthermore, the information for this article was mostly taken from the excellent series of articles from Hadef and Partners. The article can be found on their web site. |
| Invest in Greece
A Refreshing Approach
The recent Cityscape Global exhibition that was held in Dubai at the beginning of October was a sombre affair compared to the heady days of 2008 and before, however it had particular interest for Greeks as there was a Greek company exhibiting, BuildUp SA.
This company has grown from a construction company that had a history in Greece since 1970, aims to provide a "one stop shop" for real estate development in Greece and was here to promote investment opportunities back home.
In this negative climate it was very refreshing to come across a young, energetic and professional team who are enthusiastically facing up to the Greek challenges and presenting them as potential opportunities for foreign investors.
The presentation which they made at a press conference during the exhibition outlined the strengths that Greece can offer to an investor in terms of:
- a strategic location in the Mediterranean making it a gateway into the European Union and to Southern Europe;
- a safe country with hospitable population;
- having a mild Mediterranean climate offering around 300 days of sunshine per year;
- a spectacular landscape coupling with unique cultural heritage and rich archaeological history;
- offering good infrastructure with 520 ports, 45 airports and considerable high quality highways; and
- being a popular tourism destination (among the top 10 world-wide).
Tourism is the most important sector of the Greek economy and thus offers potential for investment into:
- Integrated resorts, with a focus at the upscale sector of the market. These can benefit from a mild climate that lends itself to year-round use. The creation of luxury leisure facilities can extend the season well into the winter months and there is a lack of integrated resorts.
- Golf courses which will complement other resort facilities and fill a frustrated demand which is not being satisfied by the current low number (six 18-hole plus one 9-hole course)
- Thermal springs, Spa and Thalassotherapy, with over 700 thermo-mineral and in some cases therapeutic springs and considerable existing domestic demand.
- Marinas, which benefit from the existence of more than 6,000 islands, 16,000 km of coastline, relatively short distances between destinations. This offers a prime opportunity for sea tourism into a market which currently features a very low inventory of updated facilities.
- MICE (Meetings, Incentives, Conferences and Exhibitions) tourism which is currently very much undersupplied with suitable venues and hotels and can additionally add value to associated leisure facilities.
In addition there is potential for other areas of investment in the longer term including:
- Health tourism
- Education and halls of residence
- Offices
- Retail space
- Industrial and logistics
Clearly there are still a number of other challenges and barriers to entry to be resolved (least of all the question of obtaining Schengen visas for nationals of countries such as those from the GCC), however it is during these turbulent times that opportunities favour the courageous.
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| DCCI Joint Business Council & Group Discussion
Some issues raised during the last Quarterly Meeting | |
During this meeting, the Dubai Chamber of Commerce and Industry (DCCI) updated the business community on its activities in the past quarter, the economic performance of Dubai and the region and heard from representatives of various business councils.
A presentation on recent world and regional economic trends as well as the DCCI's overview of 2011 and projections for 2012 is attached. We list a number of issues raised in case they resonate with Greek commercial community in Dubai and the Northern Emirates. Any member of the HBC (Hellenic Business Council) who would like to raise any issues they are facing (and it is appropriate for the HBC to do so), please contact the Administrative Committee of the HBC with pertinent details and supporting documents and the HBC will present it at the next meeting with the DCCI on behalf of the community.
- Unfortunately the economic outlook has not improved globally and as an open economy there will be some impact to the Dubai market. Dubai has faced a regional crisis and survived due to its exceptional infrastructure and business environment. Businesses showed a 7% increase in imports over the last 2 months, and the Certificates of Origin figures surpassed the peak year of 2008. The DCCI notes an increase in the number of registered financial firms and in addition there are indications that a significant number of staff have relocated to Dubai evident in the increased number of vehicle registrations.
- The new Commercial Company laws and regulations with revisions are in the final stages and should be favourable for businesses. There have also been many new laws with the Dubai Courts, specifically restructuring bankruptcy articles and a law pertaining to Auditors that have dedicated committees working on them.
- Concerns regarding the introduction of the two-year visa renewal are still being raised with the Ministry of Labour.
- The DCCI has launched a medical insurance cover for which any member of the DCCI is eligible, called PULSE. Its objective is to minimise the operational costs for businesses. Pulse packages are directed to the end-patients and available to all members and business owners including family members. For more information please click here.
- The high-cost of financing is an on-going concern as indicated by EIBOR* being double LIBOR* and lending rates triple LIBOR. This high cost of borrowing is benefitting European and other international banks instead of the local ones. One of the reasons for this discrepancy is that asset valuation is benchmarked against a 'risk free asset' which usually means a government bond which do not at this time exist in the UAE/Region. Consequently banks tend to apportion a relatively high risk factor resulting in lending rates as high as 17% to 20%. The government is trying to establish Federal Bonds, however the general economic climate is not conducive.
- The Dubai Shopping Malls Group reports that the mall traffic has increased and sales have improved thanks to high-end Chinese shoppers. Most of the malls have decreased rents and provided rent holidays to assist with the situation.
*EIBOR = Emirates Inter Bank Offered Rate
*LIBOR = London Inter Bank Offered Rate
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BusinessMed - 2011
A successful event that was organised together with four other business councils (Lebanese, Turkish, Italian and Spanish) and attracted over 250 visitors from Dubai's top companies.
The HBC participated with 10 companies exhibiting, including Ergoacoustiki EPE who came to Dubai from Athens and joined in as part of their promotion campaign. Feedback was generally positive with a number of visitors explaining that the event provided them with the opportunity to make very usful contacts and obtain leads for securing future business.
From another viewpoint, this event raised awareness of the HBC and Greek companies within the business community of Dubai and moreover enabled us to establish relationships with the councils of the other participating countries.
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Upcoming HBC Events
Saturday 26th November - HBC ANNUAL GENERAL MEETING | |
Location: TBA
Time: 19:30 - 22:00
Admission: Complimentary (Canapes provided with Cash Bar)
For more information and registration, click here
Tuesday 29th November - DCCI Business Gala | |
The annual gathering attracts over 1,000 high profile local and international business community representatives including members of Business Councils, Business Groups and the Chamber's stakeholders. Dubai Business Gala will provide a networking platform that combines business development with entertainment as well as Business Council display areas, raffle draws and a sit-down gala dinner.
HBC will showcase Greece, the HBC and Greek companies at the Business Councils showcase area.
Location: Madinat Jumeirah, Johara Ballroom
Time: 18:30 - 21:00
Admission: Dubai Chamber Members - AED 350, Non- Members -AED 600, Government Entities - AED 450, Table Booking - AED 5,000
Registration deadline: 28th November 2011
To register: click here
For more information: click here
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Other Upcoming Events
Tuesday 22nd November - DCCI Big 5 Business Matching
Running alongside the BIG 5 Exhibition, "the biggest international construction and building event in the region", DCCI presents the Dubai Chamber BIG 5 Business Matching Session. This session provides an excellent platform to identify and meet with leading local and international companies of interest to forge new business partnerships. Do not miss out on the chance to secure a meeting at this exclusive session - to register please click here. A list of delegates available for meetings will be sent to you upon registration.
Location: Emirates Towers Hotel, Godolphin Ballroom
Date: 22/11/2011
Time: 09:00 - 11:00
Registration Deadline: Wednesday 9th November 2011
Wednesday 30th November - Arab Business Club Gala Dinner | |
The Arab Business Club invites you to their Gala Dinner & Monthly Networking Event. It will be an evening of interaction and networking amongst some prestigious delegates of the U.A.E.
Location: Shangri-La Hotel, Nujum Ballroom
Time: 19:00- 22:00
Admission: AED 300, (AED 350 at the door)
For more information and registration, click here or email events@arabbusinessclub.org
Tuesday 6th December - 3rd Dubai Hamburg Business Forum
The DCCI in partnership with Hamburg Chamber of Commerce, is organising the 3rd Dubai Hamburg Business Forum. During the Forum, industry experts and business leaders from Hamburg, Dubai and the GCC will share their insights and project updates on the following sectors: Green Technologies and Sustainability, Finance, Logistics and the Maritime industry. These four sectors were chosen based on their strategic importance to Hamburg, Dubai and the GCC region. The Forum will offer participants an opportunity to gain in-depth and valuable insights and information on potential business opportunities within these sectors
Location: Dubai Chamber headquarters, 13th Floor Conference Room
Dates: 6th & 7th December 2011
Admission: DCCI Members: AED 100, Others: AED 200
Registration Deadline: 5th December 2011
For more information: click here
To register: click here
Saturday 25th February - 1st Dubai Companies Cup
Organised by the German Business Council this promises to be a great day of sports, fun and entertainment - who knows, maybe a Greek group or company will win the Cup!
Sport connects people in a unique way. So what's better than some physical activity bringing together German, international and local companies and groups in a relaxed and fun atmosphere? This will also contribute to strengthen cross-cultural understanding and create an atmosphere which makes it easier to establish new contacts.
After a grand opening ceremony in the morning, the teams (2 - max 10 people) will compete in 6 categories:
- boot camp
- swimming/kayaking relay
- beach volleyball
- rope pulling
- slack line
- water knight fight
All around it will be a fun day with teambuilding as an additional side effect, in each category we will find out who is the best. Supporters, such as families and colleagues, are of course also very welcome.
Your efforts will pay off! Besides gold, silver, bronze medals and cups, prizes for the best contestants will include:
- business class flight tickets sponsored by airberlin,
- 1 week Mercedes test drive sponsored by Gargash Enterprises Mercedes-Benz,
- Family-Weekend-Beach-Access Passes from Jebel Ali Golf Resort,
- packed PUMA bags,
- and much more.
At the 1st Dubai Companies Cup, around 1,500 athletes and spectators will enjoy an interesting, active and fun-filled day, which will end with a big barbecue on the beach in the evening.
The teams (up to 10 team members, minimum age 21) can apply until mid-December, for more information please contact Andrea Werner.
The generous and dedicated sponsors of this event include: Jebel Ali Golf Resort &Spa, Gargash Enterprises Mercedes-Benz, DP World, Early Bird Mobile Supermarket, airberlin, Gemalto, PUMA, Target Fitness, Geodis Wilson and Absolute Adventure.
Please click here for application forms.
Location: Jebel Ali Hotel and Resort
Date: 25th February 2012
Admission: Teams of up to 10 (m/f) AED 300 per person
Registration Deadline: 29th December 2011
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| SAVE 10%
Exclusive offer to HBC Members - from an HBC Member Company |  As a member of the Hellenic Business Council, you and your organization are eligible for an additional 10% discount off applicable prices.
Just make sure to quote: "HBC" when you register for any given course. Choosing a training partner can be an extremely challenging and time-consuming process. That's why Innoverto Training, through partnerships with leading organizations worldwide, offers high quality business training throughout the Middle East, Asia, Africa, Europe and the US.
The industries and topic areas covered include: Oil & Gas, Infrastructure, Telecoms, IT, Hospitality, HR, Management/Leadership and Procurement, Project Management, Change Management and Contract Management.
Innoverto Tailored Training: Do you have a large group that you would like to train? Customized courses at your location, are the most cost effective and efficient way to train your teams! All our courses can be tailored to meet your organization's specific needs. Furthermore, a select number of courses can also be offered in Greek! For additional information on our public and in-house training solutions, contact: enquiry@innoverto.com |
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| | HBC | |
The Hellenic Business Council is based in Dubai and operates under the auspices ofthe Dubai Chamber of Commerce and Industry for the benefit of Greek companies and business people based and working in Dubai and the Northern Emirates in the United Arab Emirates.
If you would like to find out more, visit our website. |
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