Key Takeaways

• Strategic global hub linking Europe, Asia & Africa with world-class infrastructure.

• Diversified, high-income economy; strong growth in non-oil sectors.

• Top FDI destination in MENA, attracting capital into tech, logistics, finance & renewables.

• Leading tourism market, boosted by luxury, cultural, and sustainable offerings.

• Positive long-term outlook under Vision 2031 and innovation-led reforms.

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Overview & Location

The UAE (~83,600 km²) is a federation of seven emirates, bordered by Saudi Arabia and Oman, with a Gulf coastline and global trade hubs (Dubai, Abu Dhabi).

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Demographics

Population ~10m (2024), ~90% expatriates. Workforce is young, international, and highly mobile. Life expectancy ~78 years; urbanization above 85%.

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Economy

Non-oil GDP accounts for ~75%, led by trade, finance, logistics, tourism, real estate, and clean energy. Currency pegged to USD ensures stability. Ongoing reforms support competitiveness and diversification.

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Investment Climate

• 100% foreign ownership in most sectors.

• 9% mainland corporate tax (since 2023); free zones offer tax incentives.

• 40+ specialized free zones (finance, trade, logistics, tech).

• Strong digital infrastructure, stable regulations, and innovation-friendly policies.

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Key Sectors

• FDI: Technology, renewable energy, logistics, finance, advanced manufacturing.

• Core Industries: Oil & gas, trade, aviation, real estate, ICT, tourism & hospitality.

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Tourism

17m+ visitors to Dubai in 2023; Abu Dhabi also expanding. Key draws: luxury, culture, desert eco-tourism, global events (Expo 2020 legacy, COP28).

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Risks & Outlook

Risks: Oil price exposure, high costs, regional tensions.
Outlook: Strong buffers, diversification, and Vision 2031 reforms ensure continued role as MENA’s top investment & business hub.