uae economy

UNITED ARAB EMIRATES (UAE)By: Yahya Alshehhi

1

CONTENTS UAE DEMOGRAPHY POLITICAL SYSTEM EDUCATION AND HEALTHCARE UAE WOMEN UAE DRESSING SPORTS ECONOMY OUTLOOK

ECONOMIC INDICATORS, ECONOMIC TRENDS, ECONOMIC KEY-SECTORS INFRASTRUCTURE EXPO 2020 MISSION TO MARS. REFERENCE

2

UAE Demography3

Area: 71023.6 Sq. km. Climate: desert; cooler in eastern

mountains Natural resources: petroleum, natural

gas Capital: Abu Dhabi, also center for

political cultural & industrial activities. Official Language: Arabic (official),

English, Hindi, Urdu, Bengali.

The United Arab Emirates (UAE) is a federation of 7 states.Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Qaiwain, Ras al-Khaimah, and

Fujairah

UAE Demography4

Currency: UAE Dirham (AED) = $3.67

Literacy: age 15 and over can read and writeMale: 93.1%Female: 95.8% (2005 est.).

Life expectancy:Male: 74.67 yearsFemale: 80.04 years (2015 est.)

Religion: Islam is the official religion.

The UAE National Day, 2nd December

UAE Political System5

1.Supreme Council of Rulers (7members) (rulers of each Emirate), which elects the president and vice president; prime minister is selected by president.

2.The ruler of Abu Dhabi is President of the United Arab Emirates, the head of states, and the ruler of Dubai is the Prime Minister of the United Arab Emirates, the head of government.

3.Federal National Council (40 – members).

President Vice president

Education and Healthcare6

Education Education at primary and secondary

levels is compulsory (ninth grade). Schools divided in four age

groups, kindergarten (4 to 5 years) elementary (6 to 11 years) intermediate (12 to 14 years) secondary (15 to 17 years).

HealthcareThe country is home to 70 hospitals, 15 of which are federal institutions, and more than 150 primary health-care centers and clinics. There are also 11 school health centers, 10 centers for mothers and children and 110 special units for mothers and children in hospitals and primary health-care centers.

No. of schools

Public

Private

UAE* 342 156Abu Dhabi 265 186Dubai 77 153* Excluding Dubai and Abu Dhabi

UAE Women7

‘Don’t think because we are covered, we are not empowered,’ said Rafia Ghobash, one of the UAE’s most influential women, at the opening of her new Women’s Museum in Dubai. Indeed, women are recognized as critical partners in the UAE’s development and institutional changes at both the national and the emirate level and the role of women in social and economic life continues to expand. For 2012, the UAE was ranked fortieth out of 148 countries, and ahead of all other Arab nations, by the UN’s Gender Inequality Index, which reflects gender-based inequalities in three dimensions – reproductive health, empowerment and economic activity.

8

Dressing

9

Sports Equestrian

Sports Sky Diving Ice Hockey Jiu-jitsu Motorsports Tennis Waters ports Golf Football Shooting Clubs Rugby

Economic Outlook10

Since the UAE was established, its economy has grown 200-fold. The second biggest economy in the Arab world after Saudi Arabia,

and accounts for more than a quarter of the gross domestic product (GDP) of the Gulf Cooperation Council (GCC).

Nearly 14 % of the combined GDP of the countries in the Middle East/ North Africa region.

Growth in the UAE has averaged 4.8% over the last four years driven by in (Services, Real estate and Infrastructure spending).

Source: UAE Yearbook2013

Economic Indicator (GDP)11

Year 2004

2005

2006 2007 2008 2009 2010 2011 2012 2013 2014

$Billion 147.8 180.6 222.1 257.9 315.5 253.5 286 347.5 372.3 402.3 401.6

Rate % 9.6 4.9 9.8 3.2 3.2 -5.2 1.6 5.2 6.9 4.3 4.6

Mean 4.81%

Item 2012 2013 201

4W.Ra

nkGDP (purchasing power parity): $565.70 $590.20 $617.10 31

GDP - real growth rate: 7.20% 4.30% 4.60% 30

GDP - per capita (PPP): $60,800 $63,400 $66,300 31

Consumer price inflation 0.66 1.10 +2.34 97

12

Economic Indicators(Inflation)

The projected annual inflation rate in 2015 and 2016 is 2.3% and 2.5% with biggest increase in housing expenditure by 2.48% due to increase in housing cost. However, inflation is still below its historic average, which indicates that the economy is steadily growing with unemployment rate reduced to 4.2% in 2014.

Inflation Rate

2008 12.25

2009 1.56

2010 0.8789

2011 0.8768

2012 0.6641

2013 1.101

2014 2.345

13

Economic Indicators (Unemployment Rate)

Source: http://iasir.net/AIJRHASSpapers/AIJRHASS14-607.pdf

Figure 26 presents the

unemployment trend line in United Arab

Emirates in the long term.

Forecasts show anunemployment rate assumed to be 3.6% in year 2015, 5.4% in

2020, and 6.04% in 2030.

14

Economic Indicators (Balance of Trade)

Balance of Trade:

United Arab Emirates has

been recording trade surpluses

since 2000, mostly due to

shipments of oil and natural gas (40 percent of total exports).Actual Previous Highest Lowest Dates Unit Frequency

480600.00 529700.00 529700.00 40840.00 2000 - 2014 AED Million Yearly

Economic Indicator(Population Growth)15

Source: Trading Economics 2015

The fact that the population and the economic growth are related

positively.

16

17

Economic Trends (Government Expenditure)

Government ExpenditureUAE cabinet approved AED 49.1 billion-draft federal budget for the year 2015, an increase of 6.5%

as compared to 2014.

Economic Trends (Trade)18

Trade: Exports, Imports and Re-Exports;

The world’s twentieth biggest exporter in merchandise trade in 2011, according to WTO.

25th largest export economy in the world according to (ECI).

The UAE is the world’s third-largest re-export market (trailing only Hong Kong and Singapore) and trades with more than 220 countries.

24th largest importer in the world (2013).

UAE Export Products (Made in UAE)19

Agriculture ProductsDates Vegetables Watermelons Poultry Eggs Dairy

ProductsFish

Industry ProductsPetroleum and petrochemicals

Aluminum. Cement. Fertilizers. Commercial ship repair.

Construction materials.

Handicrafts.

Textiles.

Economic Trends20

Banking and Financing:

The sector is governed by UAE central Bank established in 1980

Banks No

Local Banks 23Foreign Banks 28Total 51

The UAE’s financial sector largely escaped the buffeting felt by international banks in 2012 in the wake of the euro-zone crisis. Indeed national banks performed better in 2012, with their net earnings increasing by around 11.4 per cent.

Economic Trends21

Equity Markets: The UAE was upgraded from ‘frontier’

to ‘EMERGING MARKET’ status by Morgan Stanley Capital International in June 2013, joining countries such as China, Brazil and Turkey and opening up new source of longer-term investment flows.

The UAE has three separate stock exchanges: Abu Dhabi Securities Exchange (ADX). Dubai Financial Market (DFM). NASDAQ Dubai, a bourse which operates out of the free zone of the Dubai

International Financial Centre (DIFC).

Infrastructure Transport and Logistics22

Airports and Seaports

Item Number

Airports 43Seaports 6

National Airlines23

Abu Dhabi Airport24

Current

New

Telecommunication and Digital Economy25

The UAE ranks third in the Arab World in the World Economic Forum’s Network Readiness Index (NRI) for 2011-12, and thirtieth out of 142 countries assessed.

The UAE has a mobile penetration rate of 168% one of the highest in the world.

Satellites, Thuraya, the world’s first GSM/Satellite dual-mode satellite phone, and the XT-Hotspot, the world’s fastest handheld hotspot. Al YahSat Satellite Communications Company, owned by Mubadala, is the region’s first hybrid military and commercial satellite firm.

Shopping Center Supply in GCC26

Dubai Expo 202027

DUBAI CONFIRMED AS WORLD EXPO HOST IN 2020 Dubai: Five key industries:

hospitality, transportation, retail, banking and finance as well as real estate and infrastructure will witness key growth and so will need to expand. Source: Gulf News

Aerospace28

29

UAE Mission to Mars Project

30

Thank You.Any Questions?

Reference31

http://www.researchkonnection.com/uae-economic-outlook-2015/http://ecologicalfootprint.heroesoftheuae.ae/en/article/what-is-our-role/the-households-role.htmlhttp://www.heritage.org/index/country/unitedarabemirateshttp://iasir.net/AIJRHASSpapers/AIJRHASS14-607.pdfhttp://gulfnews.com/business/economy/dubai-expo-2020-how-5-key-industries-will-benefit-1.1314613http://www.theglobaleconomy.com/compare-countries/http://www.uaeyearbook.com/yearbook-library.php