FBC PresentationLe French Business Council de Dubaï et des Emirats du Nord
E.A.U., Dubaï
FBC Presentation> The United Arab Emirates

THE UNITED ARAB EMIRATES

General information

Located in the Arabian Peninsula,  The United Arab Emirates have land borders with  Saudi  Arabia and the Sultanate of Oman.

Superficy : 83.600 Km2      

Population : 6 ,4 Millions (13,5% Emiratis/ 86,5% expatriates) Estimation 2008

Federation of 7 Emirates  established  on  2 December 1971 : Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah ( Arabian-Persian Gulf), Fujairah ( East Coast - Oman Gulf0

Federal Capital : Abu Dhabi

Official Language : Arabic . English ( Business)

Religion:  Islam

Week End : Friday & Saturday

Time/ France : + 2h in summer / + 3h in winter

  

Economic data

Currency: 

- UAE Dirham pegged to the US dollar . 1$ = 3.6725 AED 

 

GDP :

- GDP 190 Bn US$ (2007)

- Per capita income: 38.000 US $ (2007)                                                                     

- GDP multiplied by 2 between 2003 & 2007  

                                                 

Characteristics of the economy :

- Liberal

- The UAE federation is a member of the OMC since 1996   

- Abu Dhabi &  Dubai respectively contribute to 56,7 % and 26.5% of the UAE global GDP                                                                                       

- Decrease in the contribution of the Oil and gas sector in the GDP of the UAE: 33% vs. 70% in 1970's ( - 3% in Dubai's GDP)

- Diversification of the economy. Increasing role of retail and tourism sector ( 30% PIB ) , service sector ( finance...), and high technology sector ( Telecom, IT, healthcare, Bio technology...)

FBC Business Survey

French Business Council member survey shows a high degree of confidence in the business climate in Dubai, the UAE and the Middle East


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