1. Market Research

The United Arab Emirates Country Profile 

  • July 2015
  • 59 pages
  • Frost & Sullivan
Report ID: 3095660

Summary

Table of Contents

The United Arab Emirates Country Profile : Innovation and Knowledge Centre—Economic Research

A country profile is an instant guide to the political, economic, demographic, industrial, and business environment of a market. The report provides a range of quantitative and qualitative information on a variety of national aspects, including geography, economy, education, demography, labour, political climate, infrastructure, industry, tax, trade, investment, and ease of doing business. Additionally, the report provides a PESTLE analysis of a country’s business climate. The country profile can be an effective tool for businesses in their marketing, strategy, and planning exercises when studying the future prospects of an economy.

Executive Summary

Strategically located between Europe and Asia, the United Arab Emirates (UAE) is one of the most politically stable and secure countries in the Middle East and North African region.
- The country’s demographic profile is young, with a median age of years. In 2013, it had the fifth largest international migrant stock worldwide, with million migrants.
- The UAE is the 30th largest economy worldwide and the second largest in the Middle East and North African region. The average growth is expected to remain stable at % from 2015 to 2019.
- An economic recovery, coupled with the upcoming World Expo 2020 in Dubai, has aided a step up in large-scale infrastructure projects; however, the economy remains dominated by petroleum production.
- An expanding manufacturing sector, accounting for % of the gross domestic product (GDP), has helped diversify the economy. The UAE government is focusing on petrochemicals, aluminum, glass, steel, and related downstream industries.
- Within the service sector, tourism contributes % to the country’s GDP and, along with the financial services, has helped transform the country into an attractive regional destination.
- The country’s stable currency, minimal exchange restrictions, and high after-tax return on capital and profits make the UAE an attractive destination for foreign investment.
- The development of free trade zones allows foreign investors to set up %-owned businesses with zero tax liabilities.

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