Investors can make use of new UAEpedia site

15/10/2012 - Dubai Investment News Posted by Bob Brunskill
Investors can make use of new UAEpedia site

The UAE has built up a strong reputation as an investment hub in recent years and people all around the world are aware of the country's amazing potential.That said, it is vital that foreigners have a good grasp of the culture and tradition of a region before they part with their money, so it is important that people do their research.Property investors who want to learn more about places like Dubai can now find all the information they need from the newly-launched UAEpedia website.Based along the same lines as the hugely successful Wikipedia, the site will enable web users to garner a greater understanding of what makes the UAE tick.According to Emirates 24/7, the Telecommunications Regulatory Authority's (TRA) project - officially unveiled today (October 15th) - will be the first of its kind in the Middle East region.The site will be managed and updated by volunteers and an English version will soon be launched to add to the Arabic site.In an interview with ITP last month, director general of the venture Mohamed Al Ghanim said the TRA is also looking to transform the UAE's public services - making them easily available online."This project will play a key role in establishing the national identity or reinforcing the national identity as it will encourage collaboration among the UAE nationals and is in line with the UAE Vision 2021's pillar - 'United in knowledge'," he was quoted as saying.With so many foreigners looking to secure new assets in the Gulf, the introduction of this initiative could hardly have come at a better time.Dubai's Department of Economic Development recently confirmed that the emirate brought in AED 16.5 billion (£2.78 billion) of direct foreign investment in the first half of 2012 alone and this momentum is expected to gather speed, as more state-of-the-art building developments are completed across the UAE.Mr Al Ghanim highlighted just how important the UAEpedia site could be and insisted that many people will find the site very useful."This information will also benefit researchers, media personnel, scholars and other interested people," he added.