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Economic outlook

UAE Oil sector
Reserve: oil Gas Output: Contribution to OPEC§ion=business 5 economic non oil sectors

( useful


financial service


advantage: (can be used) Dis advantage: Threats:
Opportunities: Threats : Intense competition among alternative tourism destination that is evident in recent years. Therefore, tourism sector is heavily influenced by significant external factors from the global economic environment, and it is, therefore, necessary to improve the quality of the service offered in order to gain competitive advantages and increase tourist loyalty levels.

Tourism industry is an important sector in the future and prosperity of the UAE economy. According to the World Economic Forum Travel and Tourism Competitiveness Report 2009, for countries in the Middle East and Africa Region, the UAE ranked number 1 in terms of tourism competitiveness, based on the following criteria: safety and security, health and hygiene, infrastructure, information and communication technology, price competitiveness, human capital, culture and natural resources, preordination of tourism and policy rules and regulations. Globally, the tourism industry has had an increasing contribution to overall gross domestic product fingers and...