A TANZANIA-based law firm, Kibuuka Law Chambers has chosen Dubai as the location for its first Middle East operations.
Kibuuka Law Chambers, Managing Partner, Paul Kibuuka noted the affiliate operations would be opened in conjunction with a Dubai-based Middle Eastern law firm, launched by former Big Law Associates.
The law firm, which specialises in corporate, commercial and financial transactions across a range of industry sectors, will launch the office in January, next year, according to a statement issued by the firm.
Mr Kibuuka said the firm had chosen Dubai due to the presence of African, European, American and Asian clients in the United Arab Emirates (UAE).
It had originally planned to launch in Doha, after plans to open an office in Dubai last year fell through due as a result of the 2009 credit crunch. "We are doing quite a lot of outbound transactional work from Doha, but we came to the conclusion that the best business hub for all of our international legal work would be Dubai," Mr Kibuuka said.
Kibuuka Law Chambers already has extensive experience in the region, having acted on behalf of investors, business executives and professionals in businesses, projects and investment activities particularly in mining, energy, oil and gas; banking, finance and insurance; agriculture, transportation and logistics.
Dubai recently was ranked as one of the world's most popular business hubs with more than half of the biggest global conglomerates operating offices in the city. Dubai Chamber of Commerce and Industry was recently looking to attract world business anchors by highlighting the potential of businesses in Dubai.
The Chamber launched the Anchor 100 Initiative to attract top world businesses to move to Dubai by highlighting reasons to invest in Dubai.
The reasons include a successful and diversified economy, liberal and reformist investment climate, low taxes, incentives, state-of-the-art infrastructure, centrally located, logistics corridor, large domestic market, a multicultural population, qualified and competitive labour force.