Uae Country Analisis
Contents Introduction 2 1. Historical Background 4 2. Geography 5 3. Demography 8 4. ECONOMY 11 5. Infrastructure 25 6. Imports and exports 30 7. Government and Legal System 34 8. Conclusion 41
Introduction
The UAE is the 36th largest economy in the world and No.2 in the GCC. The UAE ranks 40th out of 183 countries for the overall ‘Ease of Doing Business’. The existence of free trade zones with 100% ownership, zero taxes, excellent infrastructure, a relatively stable outlook on country risks, and very a convenient geographical location almost midway between east and west are attractive aspects for foreign investments.
Some 80% of Fortune 500 companies (including all of the top 10) have established a presence in UAE according to The Economist, and the UAE’s 25 plus free zones are now host to numerous multinational and regional companies – including over 6,400 companies from over 120 different countries located in Dubai’s Jebel Ali Free Zone
The United Arab Emirates (UAE) is a federation of seven different emirates which together comprise the third largest economy in the Middle East behind Saudi Arabia and Iran. Its per capita GDP is second only to Qatar. The UAE is an important producer of natural gas and oil, ranking seventh globally in total proven reserves of both. Abu Dhabi possesses the majority of oil and natural gas reserves followed by Dubai, with small amounts in Sharjah and Ras al-Khaimah. The country is also a member of the Organization of Petroleum Exporting Countries (OPEC).
Despite having the most diversified economy in the Middle East, the UAE remains largely dependent upon the hydrocarbons sector for economic growth. The government’s hydrocarbon policy will continue to focus on oil, however natural gas projects are gaining significance and investment. Rising domestic demand for subsidized energy and electricity has caused the UAE to become a net importer of natural gas and strained
Introduction
The UAE is the 36th largest economy in the world and No.2 in the GCC. The UAE ranks 40th out of 183 countries for the overall ‘Ease of Doing Business’. The existence of free trade zones with 100% ownership, zero taxes, excellent infrastructure, a relatively stable outlook on country risks, and very a convenient geographical location almost midway between east and west are attractive aspects for foreign investments.
Some 80% of Fortune 500 companies (including all of the top 10) have established a presence in UAE according to The Economist, and the UAE’s 25 plus free zones are now host to numerous multinational and regional companies – including over 6,400 companies from over 120 different countries located in Dubai’s Jebel Ali Free Zone
The United Arab Emirates (UAE) is a federation of seven different emirates which together comprise the third largest economy in the Middle East behind Saudi Arabia and Iran. Its per capita GDP is second only to Qatar. The UAE is an important producer of natural gas and oil, ranking seventh globally in total proven reserves of both. Abu Dhabi possesses the majority of oil and natural gas reserves followed by Dubai, with small amounts in Sharjah and Ras al-Khaimah. The country is also a member of the Organization of Petroleum Exporting Countries (OPEC).
Despite having the most diversified economy in the Middle East, the UAE remains largely dependent upon the hydrocarbons sector for economic growth. The government’s hydrocarbon policy will continue to focus on oil, however natural gas projects are gaining significance and investment. Rising domestic demand for subsidized energy and electricity has caused the UAE to become a net importer of natural gas and strained