List of companies of the United Arab Emirates information
Location of the United Arab Emirates
The United Arab Emirates is a country at the southeast end of the Arabian Peninsula on the Persian Gulf.
The economy is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of $570 billion (AED2.1 trillion) in 2014.Though, United Arab Emirates has been successfully diversifying its economy,[1] the country remains extremely reliant on oil. With the exception of Dubai, most of the UAE is dependent on oil revenues. Petroleum and natural gas continue to play a central role in the economy, especially in Abu Dhabi. More than 85% of the UAE's economy was based on the oil exports in 2009.[2][3] While Abu Dhabi and other UAE emirates have remained relatively conservative in their approach to diversification, Dubai, which has far smaller oil reserves, was bolder in its diversification policy.[4] In 2011, oil exports accounted for 77% of the UAE's state budget.[5]
^"Diversification raises non-oil share of UAE's GDP to 71%".
^"The World Factbook". CIA. 26 May 2023.
^"WTO Trade Statistic 2009". Stat.wto.org. Archived from the original on 2016-03-04. Retrieved 2016-09-26.
^"United Arab Emirates profile". BBC News. 14 November 2012.
^"Economic diversification in the GCC countries" (PDF). p. 13.
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