The United Arab Emirates aims to diversify its economy and decrease dependence on oil revenues to 20% by 2021. Small and medium enterprises currently contribute over 60% of GDP and will increase to 70% by 2021. These firms represent over 94% of companies in the UAE and provide over 86% of private sector jobs. While non-oil sectors and real estate have grown in recent years, inflation increased to 4.4% in 2015 due to rising electricity and water costs. The IMF expects non-oil growth of 4.6% by 2020, though oil production may decline due to oversupply. Diversification and large infrastructure projects aim to support continued economic growth as oil revenues decline.
BOI recognizes the importance of aerospace industry and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
BOI recognizes the importance of aerospace industry and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
BOI recognizes the importance of the aerospace industry and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Aranca has compiled a special report on Saudi Arabia’s journey till 2025, highlighting the Kingdom’s economic potential, its influence on the region’s economy and opportunities available. Check out the report here!
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Speakers:
- Martyn Davies - Managing Director: Emerging Markets & Africa , Automotive Industry Leader at Deloitte
- Michael M. MABASA - Executive Director and CEO, National Association of Automobile Manufacturers of South Africa (NAAMSA)
- Fadzai Nyamasve - Director for Strategy and Growth , AECOM Africa
- Fredrik Morsing - Managing Director at Scania West Africa
- Dave Coffey - Chief Executive Officer at African Association of Automotive Manufacturers (AAAM)
- Luqman Mamudu - CEO of Transtech Industrial Consulting and Director of Policy and Planning at the National Automotive Council, Nigeria
- Renai Moothilal - Executive Director, National Association of Automotive Component and Allied Manufacturers (NAACAM)
The United Arab Emirates (UAE) is a rapidly developing economy with an approximate population of 8 million. Its GDP was estimated at US$390bn in 2013, making it the 29th largest economy in the world and the second largest in the Middle East. Its GDP per capita is approximately US$43,000, the 19th highest globally.
UAE is one of the best countries for opening a new business venture. UAE agencies have received a reputation over the years for the fast production of first-class excessive-upward thrust condo blocks and workplace towers. The adoption of specialised creation techniques, including reclamation and design-and-construct techniques and oil exporter, has made UAE a regional leader. UAE is a leading expert in high-upward thrust design, slope design, high-density design and designing with area constraints all are having the involvement of technology.
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Moderator: Eugene Nizeyimana - CEO and Lead for Automotive, SSCG Consulting, Chair/President of African Business Chamber (AfBC) and Chair of One Africa Network (OAN)
Speakers:
- Martyn Davies - Managing Director: Emerging Markets & Africa , Automotive Industry Leader at Deloitte
- Michael M. MABASA - Executive Director and CEO, National Association of Automobile Manufacturers of South Africa (NAAMSA)
- Fadzai Nyamasve - Director for Strategy and Growth , AECOM Africa
- Fredrik Morsing - Managing Director at Scania West Africa
- Dave Coffey - Chief Executive Officer at African Association of Automotive Manufacturers (AAAM)
- Luqman Mamudu - CEO of Transtech Industrial Consulting and Director of Policy and Planning at the National Automotive Council, Nigeria
- Renai Moothilal - Executive Director, National Association of Automotive Component and Allied Manufacturers (NAACAM)
The United Arab Emirates (UAE) is a rapidly developing economy with an approximate population of 8 million. Its GDP was estimated at US$390bn in 2013, making it the 29th largest economy in the world and the second largest in the Middle East. Its GDP per capita is approximately US$43,000, the 19th highest globally.
UAE is one of the best countries for opening a new business venture. UAE agencies have received a reputation over the years for the fast production of first-class excessive-upward thrust condo blocks and workplace towers. The adoption of specialised creation techniques, including reclamation and design-and-construct techniques and oil exporter, has made UAE a regional leader. UAE is a leading expert in high-upward thrust design, slope design, high-density design and designing with area constraints all are having the involvement of technology.
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only in mature industrial and financial hubs. International Businesses moving to the UAE find
themselves in a thriving market with excellent infrastructure.
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Saudi Arabia - Emergence of an Innovation Kingdom | An Aranca Special Report ...Aranca
Supported by resilient collaboration between the government, academia, and industry, the Kingdom of Saudi Arabia has laid the foundation for a knowledge-driven economy. Innovation-led strategic transformation is underway in the Kingdom and is likely to be the foundation of the next wave for economic and social progress.
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However, patent development activity in the region pales in comparison to other countries worldwide, and is reflective of a lack of innovation friendly culture in the Arab world.
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Middle East is a cluster of regions: GCC, Levant and North Africa. This region is bound by a common language but is different demographically and economically
Saudi Arabia on the Move - An Aranca Special Report 2013Srinivas Macha
The Kingdom of Saudi Arabia (KSA), a completely oil-dependent economy until a few decades ago,
has now transformed into one of the most vibrant economies in the Middle East. Today, the country has
a diversified economic structure, strong international trade links, a stable political environment, strong
fiscal surplus and a vibrant financial services sector. Saudi Arabia’s increasing contribution to the global
economy has earned it a permanent seat at the G-20 -- the only OPEC member to get the honour. As the
exclusive knowledge partner for The Euromoney Saudi Arabia Conference 2013, Aranca has compiled
a special report on Saudi Arabia’s journey till 2025, highlighting the Kingdom’s economic potential,
its influence on the region’s economy and opportunities available. Given Saudi Arabia’s tremendous
potential as an attractive investment destination, we foresee opportunities in the financial sector as
the Kingdom looks to fund its growth plans. We also delve into the challenges around fully exploiting
demographic dividends, reducing reliance on public funding, attracting foreign investors, and reforming
capital markets and financial institutions
Saudi Arabia on the Move - An Aranca Special Report 2013
Dubai The Future Booklet english
1.
2. Introduction
The aim of this guide line is to put the eyes of the investee on the United Arab Emirates
economy and its most important signs, and analyze the government vision to achieve
its target at 2021 and its most important investment sectors
Introduced by AWRAQ Consulting
3. An eye on the Arab United Emirates
Emirates is looking forward to have variety in its economy and to decrease its dependency
upon the oil to 20% by 2021 instead of the 30% of its local income. This will depend upon the
prices of the oil which dropped down to more than 70% approximately to 30 $ to the barrel since
the last year and half; which reflected in a negative way on the countries that produce oil.
The small and medium projects will form 70% instead of 60% by 2021 and these projects share
now a days by more than 60% in the Emirates’ local income. Small and medium firms represent
more than 94% from the total number of the working firms which is more than 350 thousand firm.
These firms offer more than 86% from the total working forces in the private projects.
Small and middle projects are considered the main engine for the diversity economics policy of
Emirates . The weakness of the funding resources and the rising of the costs facilities are
considered one of the biggest obstacles that face the small and medium projects according to
a previous study for the Department of Economic Development.
4. The index of the guide line
Number Topic page
Insight about Emirates from world prospective
The indicators of Emirates economics
Awraq’s financial vision about Dubai’s stock
market and the most important sectors
Insight about Emirates from government
prospective
Top investments opportunities in Dubai
2016 -2020
1
2
3
4
5
5
11
17
21
24
8. 60
2
4
10
97
49
1
101
18
91
57
3
4
10
90
64
1
100
27
90
-3
1
0
0
-7
15
0
-1
9
-1
Topic DB2016ranking DB2015ranking The change
7
Emirates ranking- how easy the
business activities are done
The tables show the improvement of Emirates to the 31st rank internationally in the speed of
starting the business due to the business measuring report for 2016 that was issued according
to the international bank group. According to the report Emirates is at the head of the list as the
first country for the middle east and the north of Africa countries preceded by Al Bahrain with
the 65th rank. The Emirates also surpasses Turkey as the last is at the 55th rank.According to
the previous table the trading activity started in Emirates in the 60th rank with a lag of 3 ranks
from 2015 and it exceeds in the number of procedures, duration and cost for the middle east
and the north of Africa countries. The Emirates surpasses in the rank of getting building licenses
as the 2nd internationally according to the number of procedures, time and quality control.
The indicator of getting electricity was set at num 4 for the years 2015,2016; Property
registration is at num10 and the indicator of protesting minority investees was improved a lot
from 2015 to be at the 49th by improvement of 15 ranks. The Emirates is 1st internationally
in taxes awareness
Staring business activity
Getting building licenses
Getting electricity
Property registration
Accessing credit
Protecting minority investees
Paying taxes
Trading across boarders
Enforcementing of contracts
Resolving insolvency
9. 14
17
25
34
39
48
51
62
64
72
74
87
92
101
116
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
5.3
5.2
5.1
4.6
4.5
4.4
4.4
4.2
4.2
4.2
4.1
4
3.9
3.8
3.7
8
Qatar
The Arab united Emirates
Saudi Arabia
Kuwait
Bahrain
Malta
Turkey
Oman
Jordan
Morocco
Iran
Jordan
Tunisia
Lebanon
Egypt
The Emirates – the look of the
international economics forum
The Emirates became the 2nd Arabian and the 17th internationally in 2014,2015 with a lag of 5
ranks from 2014, as it was the 1st Arabian and the 12th internationally.Emirates gained the 1st
rank internationally in the field of roads quality according to the international competitive report
that was issued by the economics Dafus forum for the years 2015,2016.According to the
subsidiary indicator For the international competitive Emirates comes as the 4th in reaching
goals.Subsidiary indicator B the efficiency Emirates comes as the 17th internationally with
percentage 5.1%.Subsidiary indicator C The invention Emirates comes at the 21st
internationally with 4.8%.Emirates needs to improve it’s efficiency indicator to be one in the
first ten, it also needs to improve it’s invention factor and it’s scientific research foundations.
60
2410
97
49
1
101
18
91
0
20
40
60
80
100
120
Ease of Doing Business
DB2016ranking The change
country Internationally
2015
Arabianranking/ranking/
The value
10. 5.2
5.7
6.3
6.5
6.2
5
5.6
5.1
4.7
5.4
4.9
5.3
4.4
17
9
4
7
38
37
3
11
20
30
31
15
26
The international
competitive indicator
Firms
infrastructure
Total economy
High education and training
Goods market efficiency
labor market efficiency
Capital market development
Technological readiness
The market size
Business development
Invention
9
The Subsidiary indicators for the
competitive in Emirates
Analyzing the subsidiary indicators
According to the reports of the international competitive 2015,2016 Emirates comes as the 9th
internationally and the 2nd Arabian in the column of firms below Qatar that comes as the 4th
internationally. As for the infrastructure Emirates comes as the 4th internationally and the 1st
Arabian followed by Qatar. For the total economy Emirates comes as the 7th internationally and
the 4th Arabian bellow Qatar, Kuwait and Saudi Arabia. Emirates is the 38th internationally and
the 4th Arabian after Qatar, Lebanon and Bahrain in both health and primary Education. In high
education and training Emirates comes in 37th place internationally and the 2nd Arabian below
Qatar which is the 27th internationally.As for the goods market efficiency Emirates is the 3rd
internationally and the 1st Arabian followed by Qatar the 5th internationally. Emirates is the 20th
internationally and the 2nd Arabian in capital market development below Qatar that is the 1st
Arabian and the 13th internationally. As for the technological readiness Emirates is the 1st
Arabian followed by Qatar. Emirates is the 31st internationally and the 4th Arabian below Saudi
Arabia the 17th and Egypt the 24th internationally. As for business development Emirates is the
15th internationally and the 2nd Arabian below Qatar the 10th internationally. In invention
Emirates is the 26th internationally and the 2nd Arabian below Qatar the 14th internationally.
In conclusion, Emirates needs to improve in total economy, health and primary education as
it comes the in the 4th place Arabian. Emirates surpasses in infrastructure, goods and labor
market efficiency and technological readiness. Emirates needs to keep the hard work even
though the decrease in the price of the oil and the report of the competitive encourages
cancelling the support on power.
Health and primary
education
The indicators Target (1-7) Rank140
0
1
2
3
4
5
6
7
1st pillar: Institutions
2nd pillar:
Infrastructure
3rd pillar:
Macroeconomic…
4th pillar: Health and
primary education
5th pillar: Higher
education and…
6th pillar: Goods
market efficiency
7th pillar: Labor
market efficiency
8th pillar: Financial
market…
9th pillar:
Technological…
10th pillar: Market
size 1-7 (best)
11th pillar: Business
sophistication
12th pillar:
Innovation
The Subsidiary indicators for the
Competitive
11. 10
Emirates a look upon the International
Monetary Fund
- International Monetary Fund has lead the middle east countries to cancel their support for
power and in 2015 Emirates has edited the price of gasoline and diesel.
- The development and funding magazine that was issued by the internationally monetary fund
num55 under the title “ changing power for our planet- behind sustainable energy” is discussing
the insatiable need of sand and the shortage in pure sand for many industries such as glass
and concrete because of the rising in instructions all around world; Dubai comes in the first
countries that suffer from shortage in sand as it consumed 385 million meter ton from its sea
sand to establish a group of artificial islands under the name “ AlGomira pine tree” from 2001
till 2006 since then Dubai depends on Australia for sand for its huge projects.
-According to the report of the regional economics prospect (the middle east and the middle
China) 15th October 2015 the national income per person is 42944$ in Emirates which is the
3rd after Qatar and Kuwait.
-In the 25th july2015 the executive board of the international monetary fund closed the
discussions in clause 4 and supported what has come in the evaluation of the experts
according to the reports.
-The dropping down in the oil prices keeps reducing the excess in the public finance and the
offshore account from along time, However Emirates still gains a lot as being a safe resort and
the precautions preventives in its public finance and the offshore account. The non oil growth
is still strong with a rate of 4.8% in 2014 supported by the construction sector and of course
because of the capitalism in Abu Dhabi and the services depending on hospitality and
transportation in Dubai. The real state showed a slight dropping down in the mid of 2014 and
with the gradually rising in the rents to the consumers the inflation increased to 4.4% in May
2015 according to the annual change, this reflects the rising in the prices of the electricity and
the water in Abu Dhabi also credit that is offered to the private sector revived and all the money
existence that is related to the government became better
The international Monetary Fund discussions about clause 4
- The expectations points to a rising in the non oil sector to 4.6% by 2020 supported by huge
projects and investments in the privates sectors at the previous period according to Excpo fair
2020, it’s expected that there will be a fall back in the oil production because of the glut on the
market. It’s expected that the annual inflation will rise to 3.8% in 2015. As for the public finance
balance it’s expected that it will convert in to negative this for the first time from 2009 as it
recorded deficiency by 2.9% from the national income and the profits will return in 2016 .
There will also be a great dropping down in excess of the running account reaches 5% from
the national income then it will rise again and the growth in credit will be a support for the
activity.
- The experts see that rationalize the spending is a must also keeping the government
investment the hydro carbonic to support the infrastructure , it’s also important to execute
huge projects and to control the wages bill in the public sector with reducing the support on
the capital transfer. New taxes arrangements must be taken on the non hydro carbonic income.
13. 12
Economics development
indicators – comparative study
primary estimation 2015 (2010-2014)
A. The development of national income in Emirates
-The total estimation of the national income in 2014 of the current prices 1466985 million dirham
rising by 45022 million dirham from 2013 to achieve a percentage of growth 3.2% in
comparison with 2013 with percentage 3.7%.
-The graphs show that the indicator kept rising from 2009 as the estimation national income of
the non-oil sectors 963144 million dirham rising by 8.1% compared by 890950 million dirham
2013.
-The average rising of the building and construction sector in 2014 6.1% that contributed in the
national income by 4.3%.
The rate of the national income went through a stable phase then it rose up till it reached its
peak in 2014. As for the contribution of the economic sector in the national income it showed
the activities which are related to oil and gas extraction shared by 34.3%. Each of the retail
business, the whole sale trade and the repair services contributed by 11.3%real state and
business activities by 10.3% manufacturing industries and constructions by 9% each.
The rate of national income sprouting
14. 2010
115
1%
2011
116.01
1.01%
2012
116.78
0.77%
2013
118.07
1.10%
2014
120.84
2.70%
2015
124.93
4.09%
13
B. The evolution of the rate of inflation in
the United Arab Emirates
-The fluctuation is shown in the inflation rate at the last five years with it’s lowest level in seven
years since 2007 with 0.77% in 2012 .
-The living expenses reported it’s record in September 2015 with 127.58
(Annual inflation in the UAE agenda (2010-2015
The inflation
The living
expanses’ record
The statement
115
116.0
116.7 118.0
120.8
124.9
1%
1.01%
0.77%
1.10%
2.70%
4.09%
110
112
114
116
118
120
122
124
126
2010 2011 2012 2013 2014 2015
0%
1%
1%
2%
2%
3%
3%
4%
4%
5%
inflationrate
General index of the cost of living Inflation *
15. 2.5
5.1 -
5.3
4.8
6.1
8.00
6.9
10.2
7.6
3.00
15.1
13.8
12.3
%100.0
14
c. The improving percentage in the economics
sectors in 2014
The following table shows the growth in each of the wholesale and the retail trade sector,
transporting, storing, communication, capital projects and government services sector; the
percentage dropped down in the mining sector with5.1%.
Agriculture, forestry, fish
Mining industry
Manufacturing industries
Electricity, gas, water
Building and constructions
Hotels and restaurants
Shipping, storing and communication
Real states ,business services
Social and personal services
Capital projects sector
Government services sector
Household sector
The total national income
Wholesale and retail trade and repair services
The economics activity
growth percentage
in 2014
16. 15
D. Sector investments
The following graph shows the biggest contribution percentage in the economics activity in 2014
the percentage of transportation, storing and transportation sector is 15.6% and the building and
constructions is 4.3% during 2014.
0.3
13.8
15.3
7.6
4.35.32.1
15.615.4
5.62.5
12.2
0
2
4
6
8
10
12
14
16
18
The relative contributionof the
activity in 2014
19. 18
Financial vision
Dubai’s Stock market
Technical point of view
The general indicator of Dubai’s stock market
The profits of Dubai’s capital market for the year 2015 has dropped down by 2% to be 27.48
billion dirham compared to the profits of 2014. If we looked at the price of oil in the same year
which is related to the stock price we will find that it dropped 70% during the same year and that
proofs that Dubai’s capital market is as strong as not to drop down with the same rate and that is
because that the country depends on 70% of non oil sectors for its national income.
The assets of the Emirates firms in Dubai’s market are (trillion dirham) in 2015 reached to 1.1
trillion dirham compared to 0.96 trillion dirham in 2014 with an increase of 13%.
The general indicator of Dubai’s capital market shows that it is still in the dropping prices
channel With it’s lowest level in 2015 with 2851 points and the highest point is at 4234points. In
2016 the indicator was at the lowest level with 2590 points from the point view of AWRAK the
indicator will reach 3730 points as a target for 2016.
.
20. 19
The investment and service sector in
the stock market
The real state and constructions sector
The indicator is close to break the dropping point as it recorded in 2015 the lowest level with
2693 point and the highest was with 5065 point in comparison with 2016 the lowest point was at
2364 and AWRAK expects that the indicator will reach 4200 point in 2016
.
This sector has recorded a growth in 2015 to reach 155 billion dirham in comparison with 143
billion dirham in 2014 and the indicator reached its lowest point in 2015 with 5273 point and its
highest point for the same year was at 9308 point and the lowest level for the indicator in 2016
was at 4798 point ; AWRAK expects that the indicator reaches 8290 point in 2016.
.
21. 20
The consuming goods sector
The indicator is in its way to break the dropping point and get back to the rising level ,as for the
lowest point in 2015 was at 419 point and the peak point was at 739 point. In 2016 the indicator
reaches its lowest point at 573 point and AWRAK expects that the indicator will reach 741 point
in 2016
.
This report was made in 28-2-2016 depending on
Dubai’s capital market and all the expectations are
not a recommendation for any one it’s just a private
point of view.
.
23. 8
2
9
1
3
4
5
6
7
10
11
12
22
Index The indicator
The rise in the non oil
national income
The share of the individual
in the national income
The percentage of foreign
investments in the national income
The international
competitive indicator
The percentage of working citizens in
the overall percentage of working labor
The indicator of easiness
in doing business
The settlement percentage in
the private sector
The share of the small and medium
firms in the non oil national income
The international indicator in leading
businesses and development
The indicator of international
invention
The percentage of” knowledge”
workers “in the working labor
The percentage of spending on
researching and development from
the national income
The source
The federal competitive
and statistic organization
The world bank
The national nations
conference for trade
and invention
The Inktad
The international
economics forum
The international organization
of developing and employment
of human resources
The world bank
Ministry of labor
The federal competitive
and statistic organization
The international institute of
leading businesses and
development
Insead
Ministry of labor
The federal competitive
and statistic organization
The results
4.84
(Primary results2014)
The 3rd
Report 2014
2.66%
2014
The 17th
Report 2015-2016
5%
2014
The 31st
Report 2016
1%
2014
60%
2011
The 19th
report 2016
The 47th
report 2015
22.76%
2014
0.50%
-2012
&
The target in 2021
5%
5%
5%
One of the best
countries 10
One of the best
countries 10
One of the best
countries 10
One of the best
countries 10
8%
The 1st internationally
70%
40%
1.50%
24. 23
Analyzing the Emirates indicators 2021
- The vision of the Emirates government for the growth rate with 5% in 2021 in is consistent with
the recent situation and with the improving rates that come with the preparations for the
international Expo fair 2020 in Dubai and also with the share of the individual in the national
income. As for the share of the foreign investments in the national income the indicator shows
that the percentage will double from 2.66% to 5% it is considered a very ambitious vision that
can be achieved gradually because of the recent attraction aspects , improvement in the
infrastructure, providing energy and the safe environment and that percentage to achieve the
percentage it is also important to improve the subsidiary indicators for the competitive to be one
of the first ten countries, this dream will raise the percentage of the working citizens from 55 in
2014 to 8% in 2020 and will also help in improving the high education , the human development
and investment, as for the citizens will raise the percentage of knowledge and the consistency
between the education and the training.
- Emirates is dreaming of leaping from it’s place as the 31st country internationally in the easiness
of doing business to be the 1st internationally and according to the previous analysis becoming
one of the first ten countries is a dream that can be achieved, the percentage of the contribution
of the small and medium firms in the non oil national income is from 60% to 70% and that
proves that the country encourages the small and medium projects and by the new wave of
Knowledge-based economy
- economics that is based on invention we will notice that this dream can be achieved.
- With the international indicator of business growth and with the encouraging of the country to
the private business and to the businessmen we will see that being one of the first ten countries
internationally by 2021 can be achieved.
- The arrangement of the three indicators that are related to invention is in consistent with the
government direction towards supporting human development and advanced education.
- The indicators of the sustainable environment and the infrastructure show the dependence of
the government on the green economic as:
1-The percentage of recycling will grow from 14.08% in 2014 to 75% in 2021
2-The contribution of clean energy will rise from 0.243% in 2014 to 24% in 2021 and this is a very
ambitious rate that encourages investing in the field.
- Going from the 23rd place internationally in the technology and communication field to become
one of the first ten countries is consistent with the Knowledge-based economy direction.
- As for the air transportation infrastructure it will go from the 2nd to the 2st place internationally ,
the harbor infrastructure will go from the 3rd internationally in 2016 to the 1st , the logistics
indicator will jump form the 27th place according to the international bank report 2014 to one of
the ten best countries, the infrastructure( electricity, communication, transportation) will jump
from the 4th place to 1st internationally, Smart services will go from being the 12th to become
the 1st internationally and we can see that The Emirates country can achieve all those dreams
in the next few years.
.
26. 25
The target sectors of the Emirates
investments
- The renewable and new energy sector
- The construction and building sector and the sector related to the green building
- The hospitality sector
- The transportation and logistics services sector
2.69%8.26%2.66%10.00%13.05%
100%
73.97%
0.00%
20.00%
40.00%
60.00%
80.00%
100.00%
120.00%
GDP IN 2020
% Of GDP
27. 26
The renewable and new energy sector
- There is an obvious change in the area especially after the strategic direction which is taken by
The gulf cooperation council about depending on the renewable energy and spreading its
techniques. Emirates is the pioneer in this field by building Almasdar city in Abu Dhabi and by
trying to achieve 24% in using clean energy from the total produced energy.
- Emirates has more than one award for energy” The princedom award of energy”, “ Zaid award
for the future energy”.
- “ Al Sheik Muhammad bn Rashid campus for solar energy” will provide a big part of Dubai’s
need of energy by 2030.
- Abu Dhabi bank’s plan is to provide 10 billion dollar in the alternative energy during the next
five years.
39,794.3741,806.4943,920.3446,141.0848,474.10
1,571,448.291,626,437.221,683,350.361,742,255.031,803,220.92
1,073,549.011,133,410.431,196,609.731,263,333.05
1,333,776.88
2 0 1 62 0 1 72 0 1 82 0 1 92 0 2 0
ENERGY SECTOR
Electricity, gas and water Gross domestic product Non-oil sectors
The sectors
The electricity, Gas and water
The international income
The non oil sector
2016
39,794.37
1,571,448.29
1,073,549.01
2017
41,806.49
1,626,437.22
1,133,410.43
2018
43,920.34
1,683,350.36
1,196,609.73
2019
46,141.08
1,742,255.03
1,263,333.05
2020
48,474.10
1,803,220.92
1,333,776.88
28. References
27
Page number Reference source
7
8
11
13
14
20
The international competitive report 2016 for the middle east countries and Turkey
The international competitive report 2016
The national statistic office
The national statistic office- Emirates
The national statistic office
The population change depends on primary results of 2010 enumeration
Emirates vision 2021