The United Arab Emirates and the World: Scenarios to 2025 Section 1: Preface

Only available on StudyMode
  • Topic: United Arab Emirates, Cooperation Council for the Arab States of the Gulf, Dubai
  • Pages : 75 (23269 words )
  • Download(s) : 62
  • Published : November 14, 2012
Open Document
Text Preview
Publications in the World Economic Forum's World Scenarios Series: I I I I I I I I I The Kingdom of Bahrain and the World: Scenarios to 2025 The Kingdom of Saudi Arabia and the World: Scenarios to 2025 The United Arab Emirates and the World: Scenarios to 2025 Technology and Innovation in Financial Services: Scenarios to 2020 Digital Ecosystem Convergence between IT, Telecoms, Media and Entertainment: Scenarios to 2015 The Gulf Cooperation Council (GCC) countries and the World: Scenarios to 2025 China and the World: Scenarios to 2025 India and the World: Scenarios to 2025 Russia and the World: Scenarios to 2025

For further information please visit our website http://www.weforum.org/scenarios/ or contact scenarios@weforum.org.

The views expressed in this publication do not necessarily reflect the views of the World Economic Forum.

World Economic Forum 91-93 route de la Capite CH-1223 Cologny/Geneva Tel.: +41 (0)22 869 1212 Fax: +41 (0)22 786 2744 E-mail: contact@weforum.org www.weforum.org @ 2007 World Economic Forum All rights reserved. No part of this publication may be reproducted or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.

Contents
Section 1. Preface 2 Section 2. Executive Summary 5

Section 3. Oasis

11

Section 4. Sandstorm

21

Section 5. The Fertile Gulf

31

Section 6. Comparing the Three Scenarios

41

Section 7. Conclusion

49

Annex: Recommended Reading

51

Acknowledgements

52

Project Team

54

1

2

The United Arab Emirates and the World: Scenarios to 2025 Section 1: Preface

1

Section

Preface
To explore the long-term effects of the challenges and opportunities faced by the UAE and the GCC countries in general, the World Economic Forum developed a set of scenarios for the GCC countries covering a period of 18 years to the year 2025. These scenarios, The GCC Countries and the World: Scenarios to 2025, were featured at the World Economic Forum Annual Meeting 2007 in Davos and publicly launched at the World Economic Forum on the Middle East in Jordan in May 2007. In response to continued interest in the region and

Since the turn of the century, the United Arab Emirates (UAE) has been riding a boom of high and rising oil prices and robust growth in property markets. Its economy has been growing at an average of over 7% per annum in real terms between 2000 and 2007. A significant proportion of the resulting assets are being re-invested in the country at both the federal and local level in a bid to develop an economy that does not rely on energy resources; such reinvestments take the form of public-private partnerships, infrastructure investment and schemes to support specific programmes such as education and training. However, the country and the region still face important political, economic, social and environmental challenges. Externally, there is the increasing threat of geopolitical instability, including unresolved national and intercultural relationships which have the capacity to negatively affect the UAE's economic and social structure. Likewise, a number of global economic risks threaten the UAE's smooth international expansion, both in terms of volatility in regional and international markets, and the possibility of increasing protectionism in the global trading system. Internally, the UAE also faces challenges in resolving social and political imbalances, including unemployment, skewed income distribution and fractures in the federal framework. Finally, environmental pressures threaten the availability of water resources, marine areas and an unpolluted atmosphere, all of which are required to support the UAE's growing population and its burgeoning tourism industry. At the World Economic Forum, we are committed to improving the state of the world by shaping the global, regional and industry agendas, and promoting dialogue on key issues that face our...
tracking img