UAE Oil sector
Reserve: http://www.uaetrade-usa.org/index.php?page=economic-sectors-in-uae&cmsid=48 oil Gas Output: http://gulfnews.com/business/markets/uae-2012-oil-output-averages-2-65m-bpd-iea-1.1136844
Contribution to OPEC http://www.khaleejtimes.com/DisplayArticle09.asp?xfile=data/business/2010/December/business_December34.xml§ion=business
5 economic non oil sectors
(https://www.cia.gov/library/publications/the-world-factbook/geos/ae.html) useful
Real-state
financial service
Tourism
Telecommunication
Transportation
Tourism:
Strength:
weaknesses:
advantage: http://www.uaeim.ae/tourism (can be used) http://www.studymode.com/essays/Tourism-In-The-United-Arab-Emirates-1007329.html
Dis advantage: http://www.studymode.com/essays/Tourism-In-The-United-Arab-Emirates-1007329.html Threats:
Opportunities: http://www.albayan.ae/economy/local-market/2013-05-06-1.1877314
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
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 this contribution is set to increase, especially in emerging markets, in the future. Further, the positive effect of the tourism sector on the UAE economy is reflected in the fact that one in every 8.5% of jobs is travel and tourism related. This is expected to increase 9.1% by 2016. Also in terms of exports, some 10.4% are travel and tourism related. The UAE is now beginning to reap the benefits of investing in tourism, a policy which began with the establishment of the Dubai Tourism and Commerce Marketing Department in 1997, followed by the launching of Burj Al-Arab in 1999 and the flood of hotels, resorts and entertainment facilities which have come online since.
Abu Dhabi is also driving the tourism thrust in the region with over US$ 10 billion scheduled to be invested in the sector during the next decade. Abu Dhabi's hotels generated some AED8.6 billion in 2006 from 1.35 million hotel guests with an average spend of AED 6,429 per visitor, taking advantage of the UAE's warm shallow seas, rich marine life, long sandy beaches, and climate that delights for much of the year. The excellent airport and seaport, shopping malls, leisure and sporting facilities, culture, heritage and friendly and hospitable people, all contribute to the growth of this sector. The country is expected to attract 11.2 million tourists in 2010, underpinning the success of its attempts to boost investment in the hospitality industry.
According to The Travel & Tourism Competitiveness Index the UAE ranking improved from being 30 to 28 among the world countries.
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