United Arab Emirates
The United Arab Emirates (UAE) is a prominent country located in the Middle East, known for its strategic location, economic prosperity, and international trade activities. The (UAE) is a federation of seven emirates located in the southeast of the Arabian Peninsula.
Established on December 2, 1971, the country consists of seven emirates: Abu Dhabi (which serves as the capital), Dubai, Sharjah, Ajman, Umm Al-Quwain, Fujairah, and Ras Al Khaimah. Known for its rich oil reserves, the UAE has transformed into a global hub for trade, tourism, and finance in recent decades.
The UAE is known for its modern infrastructure, a diversified economy, and a high standard of living. Its economy has diversified from a strong reliance on oil and gas to include sectors such as tourism, finance, real estate, and trade.
UAE Prominent Highlights
- Leading the World in Economic Prosperity
- Global Hub for Trade, Tourism and Finance
- Rich Oil Reserves
- Key Player in the Global Luxury Markets
- Ultra-Modern Architecture
- Cultural Richness
- Innovation & Technology
- Hot Spot for Luxury Retail and Hospitality
- A Wealthy Consumer Market with high Per Capita Income
UAE
$174B
Trade Surplus
UAE Imports
85%
Food Products
Cultural Richness
- Home to more than 200 nationalities living and working in the UAE. The Country considers the diversity of cultures and religions in the UAE society as a source of strength and enrichment.
- Global Cuisine - Food from almost every country in the world. It's called a food paradise.
- Diversified Export Partners - United States, Saudi Arabia, China, India and Japan
- Diverse Tourist Offerings: The UAE offers a blend of experiences, from the golden dunes of the desert to the luxury malls, pristine beaches, historical sites, and a vibrant dining scene, making it a diverse tourism
- Tourist Arrivals: The number of tourists visiting the UAE annually is close to 20 million
Dubai Facts
- Dubai is the 2nd Largest Emirate of the UAE
- City of Gold - name given because Dubai is a key player in the global luxury markets
- Freezone for Startups - Dubai Internet City offers a Free economic zone for tech companies and Start Ups
- Burj Khalifa - The Worlds' Tallest Man-Made Building
- Hot Spot for Luxury retail, real estate and hospitality.
Dubai Imports
9 Million Tons of Food
Totaling AED 57 Billion
(Main Driver is Tourism)
Oil Producer
3rd
Largest Oil Producer in the World
40+
Free Trade Zones
Jebel Ali Port
One of the Most Advanced ports in the World
Non-Oil Export Growth
AED 2 Trillion
(Machinery, Precious Metals & Manufactured Items)
**AED – The United Arab Emirates Durham is the official currency of the United Arab Emirates (UAE)
Abu Dhabi
- The Capital and largest Emirate of the UAE
- Holds nearly 10% of Worlds Oil Reserves
- The Great Sheikh Zayed Grand Mosque
- Golden Vending Machine- Emirates Palace Hotel ATM Dispenses Gold Bars
- No income Tax- Residents do not pay personal income tax
Fun Facts and Figures
- Al Dhafra Festival - Camel Beauty Contest: The UAE hosts an annual camel beauty contest, where camels are judged based on their beauty and strut.
- Man-made Islands: Dubai is home to several artificial islands, including the Palm Jumeirah and The World Islands.
- Falconry: Falcons are highly revered in the UAE and are often seen as symbols of pride. Falconry is a traditional sport, and many Emiratis own falcons as pets.
- Indoor Ski Resort: In a desert city, Dubai has an indoor ski resort! Ski Dubai, located in the Mall of the Emirates, offers snowboarding, skiing, and even has a colony of live penguins.
- Dubai's Police Fleet: Dubai Police boasts a fleet of luxury cars, including Bugatti, Lamborghini, and Ferrari, which are more for promotional purposes and to boost the city's glamorous image than for high-speed chases.
- Dubai Aquarium and Underwater Zoo - Giant 10 million tank which contains more than 33,000 aquatic animals and the largest collection of sand tiger sharks anywhere.
These statistics underline the UAE's significance as a key player in international trade and tourism. The country's strategic initiatives and investments in these sectors have cemented its position as a global hub for business and leisure.