United Arab Emirates

By: Grayson Sokol, Suchita Paladugu, and Kristina Manokas

https://commons.wikimedia.org/wiki/File:Fl
ag_of_the_United_Arab_Emirates.svg
About the UAE

- Located on the Persian Gulf

- Seventh largest oil-reserves in the world
- Largest City: Dubai
- Capital: Abu Dhabi
- Average maximum temperature during the
summer is 113 degrees.
- Good for solar power
- Second largest economy in the GCC
- Government: Federal Absolute Monarchy
- Recognised national languages: English,
Hindi, Persian, Urdu
- (“United Arab Emirates”)

https://trvl.com/united-arab-emirates
Khalifa bin Zayed Al Nahyan

- President of the UAE - HH Sheikh Khalifa helped with “ensuring that

- HH Sheikh Khalifa was at one point the citizens were able to benefit from the country’s
increasing wealth”.
Chairman of the Supreme Petroleum Council. - (“His Highness Sheikh Khalifa bin Zayed Al Nahyan”)
- Where he “encouraged diversification
of the country’s economy away from
dependence on its depletable reserves
of hydrocarbons.”
- He oversaw changes to the government of
Abu Dhabi with a focus on “opening up of
much of the economy so that greater scope
has been provided for direct private
investment and for public-private
partnership.”
https://en.wikipedia.org/wiki/United_Arab_Emirates
Demographics:

Total
Percentage of Population
people between 25
Official Language and 54 years old

Arabic
61.14% 9,400,145
9,400,145

(“The World Factbook”)

Education in UAE
Emirates Institute for
Banking and Finance,
Abu Dhabi National Oil
Abu Dhabi University, Company Career
January 20XX Khalifa University of Science Development Center, and
Over 1 million students
and Technology, and Sharjah the Emirates Aviation
enrolled at 1,174 public
University College for Aerospace
and private schools

K-12 Higher Private Global Technical

Programs Education Institutions Partners education

March 20XX
UAE University, Zayed New York University and (Education in UAE)
University, and Higher Johns Hopkins Bloomberg
Colleges of Technology School of Public Health
Workforce

- No minimum wage
- (“United Arab Emirates Minimum Wage, Labor Law, and
Employment Data SheetUnited Arab Emirates Minimum Wage Rate
2018”)

- The UAE is a “popular

destination for temporary
labor migrants”
- (Malit, Froilan, and Ali Al Youha)

https://www.statista.com/statistics/638499/uae-total-
number-of-workforce-by-skill/
Infrastructure

● Has the most advanced and developed

infrastructure in the region
● From roads to airports to telecommunications, the
UAE is home to world class facilities that have
supported economic growth and enabled the
development of business
● “If you want a strong economy, you have to have a
strong infrastructure” - Mattar Al Tayer
● Aviation was one of the earliest drivers of non-oil
economic growth in the UAE. Today, it is a global
aviation hub

(Prospect Group)

http://www.worldconstructionnetwork.com/news/dubai-investments-
begins-work-on-mixed-use-project-in-uae/
Infrastructure Continued

● 7 international airports (2 main - Emirates and

Etihad)
● “The aviation industry here in Dubai is actually
an incredibly important industry; it forms 28%
of the total GDP of Dubai and contributes
$22bn annually to that GDP. It is also
incredibly important for employment. It
accounts for 19% of all employment here in
Dubai, which is 250,000 jobs that are in the
aviation sector or are related to the aviation
sector.” - Paul Griffiths

(Prospect Group) http://www.travelquotidiano.com/trasporti/dubai-international-

quota-836-milioni-passeggeri/tqid-267434
 Dubai Infrastructure

https://www.dentons.
com/en/whats- https://www.dentons.com/en/whats-
different-about- different-about-dentons/connecting-
dentons/connecting- you-to-talented-lawyers-around-
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lawyers-around-the- globe/news/2017/november/denton
globe/news/2017/nov s-bolsters-its-middle-east-energy-
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bolsters-its-middle- partner-hire-in-dubai
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dubai
https://blog.thevoiceofnation.com/intern
ational/businesseconomy/punj-lloyd-
bags-rs-308-crore-infrastructure-
project-in-uae/
http://www.tradearabia.c
om/news/CONS_27950
3.html
Energy
Oil & Natural Gas
● World's sixth largest proven oil
reserves and fifth largest natural
gas reserves
● UAE has worked closely with the
International Atomic Energy Nuclear Energy
Agency and the United States
● Despite the critical role of oil and
gas for UAE, the country has
made groundbreaking
commitments in alternative

●
energy
(Energy in UAE)
Alternative Energy
Solar Power & Oil -
-
$3,811,640,000 (USD) solar power project
This will be the world’s largest concentrated
and Natural-gas solar power project.
- Will generate 700 megawatts of power
- By 2050, Dubai wants to “become the lowest
carbon footprint in the world”.
- UAE has a large oil and natural-gas industry
- Abu Dhabi National Oil Company is the
“sixth largest oil and gas company in the
world.”
- Oil is the “main export product and the main
source of wealth”
- (“Dubai launches world’s largest Concentrated Solar Power
project”)

http://gulfnews.com/news/uae/general/dubai-launches-world-s-largest-
concentrated-solar-power-project-1.2091061
Banks and Stock - Top Banks:

Exchange

- Hosts three stock exchanges:

- Nasdaq Dubai
(nasdaqdubai.com)
- Abu Dhabi Securities Market
(ADX.ae)
- Dubai Financial Market
(dfm.ae).

(“Financial Sector”) https://www.uae-embassy.org/about-

uae/economy/financial-sector
Economy and Trade

- The UAE welcomes business and trade and - Top import partners:
has “one of the most open economies in - India
the world”. - China
- United States
- “The UAE continues to be a strategic hub,
- Tip export partners:
with business-friendly free zones and a
- Japan
quickly growing economy.” - India
- “AT Kearney ranks the UAE as one of the - Iran
top 20 best places in the world for global
service business.” (“Open Economy”)
https://government.ae/en/about-the-
uae/economy
Government Helping Economy Growth
- “The UAE is pursuing it 2021 Vision, which
aims to place innovation, research, science,
and technology at the centre of a knowledge-
based, highly productive and competitive
economy”.
- (Economy)
- “The UAE launched a diversification and
liberalization program to reduce reliance on
oil and transform its economy from a
conventional, labor-intensive economy to one
based on knowledge, technology and skilled
labor.”
- “The federal and individual Emirate
governments have invested heavily in sectors
such as aluminum production, tourism,
aviation, re-export commerce and
telecommunications.”
- “The UAE supports and enforces UN
sanctions”
(“Trade and Export”)
 - “Dubai International Financial Center […] offers

The Advantages of businesses and investors advantages such as

security of contracts, independent courts, 100
Doing Business in -
percent ownership and a friendly tax regime.”
(Financial Sector)

UAE - “Exporting to the UAE is a fairly easy process.

Some of the advantages to exporting to the UAE
are:
- Ease of registration
- Few restrictions
- Low taxes
- Very open and pro-business environment”
- (“Trade and Export”)
More Advantages

- “No restrictions on profit transfer or

repatriation of capital”
- “No corporate or income taxes”
- “Very low, or non-existent, import duties”
- Competitive labor costs”
- The US embassy says that the “UAE [is] an
ideal place to do business”.
- (“Doing Business”)

http://www.astreamideast.ae/4-things-to-do-after-
receiving-a-uae-company-trade-license/
Why UAE is the Best Place to Live
● The UAE has again been named one of the
most preferred destinations for expats in a
new survey that polled more than 27,500
migrant workers worldwide, ahead of the
United States and Hong Kong
● (GulfNews)
● 66 % of parents said their children have
enjoyed a better life since moving to UAE,
making the country the 13th best place for
children’s quality of life
● People in UAE take home more money than
people in other countries making an
average of $127,000 annually, higher than
the global average of $100,000
Rankings

● “1st in the quality of roads (Global Competitiveness Report)”

● “1st in the importance ICT to government vision (Global Information
Technology Report)”
● “1st in the quality of air and transportation (World Competitiveness Yearbook)”
● “1st regionally in the general classification and the number of documented
improvements”
● “1st globally in the category of the impact of non-payment of taxes, which
does not affect business”
● “2nd globally in the category of the process of construction permits”
● “4th globally in the category of electricity delivery.”
● (“Economy”)
Why UAE will “Win” the 21st Century

- The UAE continues economic diversification

- Balance between “various sectors to ensure sustainability
and create new business opportunities”
- (“UAE ‘has clear vision’ on economic diversification”)
- Location: Located between Asia, Europe, and Africa
- “Thousands of Chinese businesses use Dubai as a hub for
trading in Africa. Indian traders use the emirate to access
the world. [...] Western nationals use Dubai as a hub for the
Middle East.”
- International Monetary Fund forecasts that the gross official
reserves of the UAE would grow from USD 76.8 billion in 2015 to
USD 118.4 billion in 2020. The current account surplus would grow
https://geology.com/world/united-arab-emirates- from USD 17.6 billion in 2015 to USD 33.4 billion by 2020.
satellite-image.shtml
- (“Economy”)
 Bibliography

"Doing Business." Embassy of the United Arab Emirates. https://www.uae-embassy.org/services-resources/doing-business.

"Dubai launches world’s largest Concentrated Solar Power project." Gulf News. Last modified September 16, 2017. http://gulfnews.com/news/uae/general/dubai-launches-world-s-largest-concentrated-solar-power-project-1.2091061.

"Economy." Government.ae. https://government.ae/en/about-the-uae/economy.

"Financial Sector." Embassy of the United Arab Emirates. https://www.uae-embassy.org/about-uae/economy/financial-sector.

"His Highness Sheikh Khalifa bin Zayed Al Nahyan." Embassy of the United Arab Emirates. https://www.uae-embassy.org/about-uae/about-government/his-highness-sheikh-khalifa-bin-zayed-al-nahyan.

Malit, Froilan, and Ali Al Youha. "Labor Migration in the United Arab Emirates: Challenges and Responses." Migration Policy Institute. Last modified September 18, 2013. https://www.migrationpolicy.org/article/labor-migration-united-arab-emirates-challenges-and-responses.

"Open Economy." Embassy of the United Arab Emirates. https://www.uae-embassy.org/uae-us-relations/business-trade/open-economy.

"Trade and Export." Embassy of the United Arab Emirates. https://www.uae-embassy.org/uae-us-relations/exports-us-states-uae.

"UAE ‘has clear vision’ on economic diversification." Gulf News. Last modified November 20, 2017. http://gulfnews.com/business/economy/uae-has-clear-vision-on-economic-diversification-1.2127713.

Reporter, Cleofe Maceda Senior Web. “UAE One of Best Countries to Live and Work: HSBC Report.” GulfNews, Gulfnews, 28 Sept. 2017, gulfnews.com/business/sectors/careers/uae-one-of-best-countries-to-live-and-work-hsbc-report-1.2097360.

“Energy in the UAE.” Energy in the UAE | UAE Embassy in Washington, DC, USA Embassy , www.uae-embassy.org/about-uae/energy-uae.

"United Arab Emirates." Wikipedia. https://en.wikipedia.org/wiki/United_Arab_Emirates.

"United Arab Emirates Minimum Wage, Labor Law, and Employment Data Sheet United Arab Emirates Minimum Wage Rate 2018." Minimum-Wage.org. https://www.minimum-wage.org/international/united-arab-emirates.

"The World Factbook." Central Intelligence Agency. Last modified March 7, 2018. https://www.cia.gov/library/publications/the-world-factbook/geos/ae.html.

https://www.uae-embassy.org/about-uae/education-uae

Prospect Group. "Infrastructure in the United Arab Emirates." The Prospect Group. Last modified September 10, 2012. Accessed March 12, 2018.
http://www.theprospectgroup.com/infrastructure-in-the-united-arab-emirates-uae-81876/.