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United Arab Emirates Economic Overview and Outlook.

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Presentation on theme: "United Arab Emirates Economic Overview and Outlook."— Presentation transcript:

1 United Arab Emirates Economic Overview and Outlook

2 11/11/20102 Part-1 UAE COUNTRY BACKGROUND - Historical, Geographical and Political Overview

3 3 UAE BACKGROUND UNITED ARAB EMIRATES - As A High Growth Market DUBAI’S IMPORTANT STATUS WITHIN THE UAE UAE SOCIAL BRIEF KEY SECTORS UAE SECURITY SECTOR OVERVIEW UAE – EXTERNAL RISKS UAE – FACTORS IMPACTING ON SECURITY UAE – CRIME, POLICING & SECURITY SECURITY SECTOR OPPORTUNITIES DOING BUSINESS

4 11/11/20104 UAE MAP International Export Colloquium

5 5 H.H. Sheikh Mohammed Bin Rashid Al Maktoum VICE PRESIDENT OF UAE AND RULER OF DUBAI H.H. Sheikh Khalifa bin Zayed Al Nahyan PRESIDENT OF UAE

6 11/11/20106 UAE BACKGROUND Federation of Seven Emirates Situated in South West Asia on the Persian Gulf, bordering Oman & Saudi Arabia Federal Capital – Abu Dhabi World’s 7 th largest oil reserves One of the most developed economies in the Middle East GDP of $46,000 according to IMF 14 th largest in purchasing power per capita High-Income High-Growth Economy Founding member of Gulf Co-operation Council (GCC) Member of Arab League, United Nations, Organisation of the Islamic Conference (OIC) and the WTO International Export Colloquium

7 7 UAE AS A HIGH-GROWTH MARKET In recent years, the UAE has seen unprecedented growth in all areas of the economy, particularly construction Abu Dhabi has approximately 10% of the world’s proven oil reserves and 5% of the gas Despite the recent financial issues regarding Dubai, the UAE represents significant opportunities for businesses.

8 8  Dubai is the region’s transport, trade, logistics, exhibitions and business hub  Many international businesses have their Regional HQs in Dubai  It has the most developed infrastructure of any MENA city  It remains the centre of choice & offers a lifestyle unmatched by any other city in the region DUBAI’S IMPORTANT STATUS WITHIN THE UAE

9 9 UAE SOCIAL BRIEF  The population of the UAE is about 8.5 million, and about a third of those live in Dubai  Demographic: 11% local UAE nationals, 89% expatriate (Indians and Pakistanis constitute 60%)  Dubai now hosts more nationalities than any other country in the world  Very youthful domestic market

10 10 KEY SECTORS: MASS TRANSPORT Dubai Metro Dubai and Abu Dhabi Airports UAE Ports

11 11 KEY SECTORS: CONSTRUCTION YAS Island Saadiyat Island Raha Development Masdar Project

12 12 KEY SECTORS: ENERGY & POWER Abu Dhabi plans to increase crude oil productivity to 3.7m barrels per day by 2015 This will require investment of around $20b into the sector Opportunities in equipment supply, desalination, gas, energy related financial products and alternative energy Four nuclear reactors, worth US$40 billion, to be operational by 2020

13 13 UAE SECURITY SECTOR OVERVIEW Popular unrest and political violence are almost unheard of Never experienced a major terrorist attack Intelligence and security forces of Abu Dhabi and Dubai are effective Comparatively low levels of both petty and violent crime Federal structure can lead to problems of consistency, information sharing and co-operation among individual emirates Land borders with both Saudi Arabia and Oman are porous and criss-crossed by smuggling routes Coastline is also exploited by smugglers The actual crime rate is difficult to measure due to the government’s policy of not releasing crime statistics The federation also allows the US military extensive access to its facilities Large-scale attacks are possible, but small opportunistic attacks on individuals/foreign interests pose the most immediate risk

14 11/11/201014 UAE – EXTERNAL RISKS UAE's territorial security is assured through defence agreements with the US and the UK The federation has a very strong relationship with the US, with warships frequently docking at Jebel Ali port The UAE’s relations with the rest of its neighbours remain largely positive International Export Colloquium

15 15 UAE – FACTORS IMPACTING ON SECURITY Demographics Development and training Economic development Infrastructure development Crime Natural resources and threats to supply Political threats Military/Security Cooperation

16 16 UAE – CRIME, POLICING & SECURITY Abu Dhabi  Abu Dhabi Police  Critical National Infrastructure Authority (CNIA)  National Emergency and Crisis Management Authority (NCEMA)  Civil Defence Dubai  Dubai Police  Civil Defence Northern Emirates  Individual Police Forces  Ministry of Interior  Individual Civil Defence Forces

17 17 SECURITY SECTOR OPPORTUNITIES Interoperability solutions Crisis/Disaster Management Command and Control Business Continuity and Contingency Planning Large number of business and sporting events Plans for developing a rail network in Abu Dhabi Safety and security for nuclear plants and other large infrastructure projects being developed in the UAE Airports and Ports related security Increased demand for security related products Upgrading border control and immigration technology Large companies have regional HQs in the UAE resulting in increased demand for sophisticated access control systems

18 18 DOING BUSINESS  Dubai has a liberal, business orientated economy built on a strong history of trade. It has worked to encourage businesses to set up in the emirate by creating free zones, building up its infrastructure, and international transport links  Dubai’s free zones have proved to be very successful, offering 100% foreign ownership and no taxes. The free zone at Jebel Ali which started in the 1970s has over 6000 companies, many others have followed  Contact building and networking are very important. It takes time to build relationships with those you want to do business with, and many companies decide that having a permanent presence here is the only way to drive success


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