The United Arab Emirates (UAE) has one of the most open economies in the world. The UAE continues to be a strategic hub, with business-friendly free zones and a quickly growing economy. As a mainstay of the economy, oil exports now account for about 30 percent of the UAE’s gross domestic product. In addition to being a significant energy supplier, the UAE is now becoming an increasingly relevant energy consumer. The UAE is like a hub for connecting the world.

1- Strategic Location

 A unique geographical location at the heart of a crossroad connecting the Middle East, Asia, and Europe, empowered by many inter- and trans-regional trade and customs.

2- Market Potentials and Proximity

Vast domestic market with a population growing steadily and quick access to neighboring markets with approximately 300 million inhabitants.

3- Labor Privileges 

Large pool of trained and efficient workforce at competitive costs in a diversified economy with an extensive industrial base and service sector.

4- Developed Infrastructure

Territory developed networking in telecommunication, and roads, across the country.

5- Abundant Natural Resources

Varied and plentiful reserves of natural resources ranging from oil and gas to metallic and non-metallic species reflecting the country’s accessibility to readily available raw materials.

6- Low Utility and Production Cost

Diversified range of energy, telecommunication, transportation, and public utilities.

7- Political Stability

Representative system of government based on friendly relationships with other nations.

Conclusion

The opportunity for UAE to deepen integration into the global economy is coming. Development that builds on the economic stabilization already achieved, combined with new reforms, can unleash creativity and entrepreneurship that hold great promise. By strengthening its economy, UAE can change the lives of its people, particularly the younger generation, and build a legacy for the future. That is a challenge befitting a country with a heritage like UAE.