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UAE Economy at Glance
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Presentation Outline
UAE Vision 2021
UAE Economy
UAE Business Environment
UAE Key Areas of Development
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UAE VISION 2021
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• Build a competitive and resilient economy.
• Cohesive society bonded to its identity.
• Highest standards of living
UAE Vision 2021We want to be among the best
countries in the world by 2021
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Pillars of UAE Vision 2021 Six National Priorities
United In Responsibility United In Density United In Knowledge United In Prosperity
Cohesive Society and
Preserved Identity
Safe Public and
Fair Judiciary
Competitive Knowledge
Economy
First-Rate
Education System
World-Class
Healthcare
Sustainable Environment
And Infrastructure
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Competitive Knowledge Economy
The UAE Vision 2021 National Agenda focuses on UAE becoming:
The economic, touristic and commercial capital
A knowledge-based economy.
Strengthening the regulatory framework for key sectors.
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UAE Innovation Strategy
The National Innovation Strategy will focus on fostering innovation in seven main sectors:
Renewable energy, Transport, Education, Health, Technology, Water Space
“Innovation is our only way to build a great history of the
UAE… the future will be for those who adopt innovation”
H.H.Sheikh Mohammed Bin Rashid Al-Maktoum, Vice President and Prime Minister of the UAE.
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UAE Economy
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355
410430 437
424 426
129,0
159,5 166,6 167,1 164,1 162,0
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17% 15%
5%2%
-3%1%
226
250 263
270
259
264
34
51 46 43 50 53
95
109 121
124
114
109
2011 2012 2013 2014 2015 2016
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Total Foreign TradeImports Total (Non-Oil Exports + Re-Exports)Non-Oil ExportsRe-Exports
Volume of Non-Oil Foreign Tradein Billion USD 2011 - 2016, Including Free Zones
Percentage of Growth Annual Total Foreign Trade
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Crude Oil and Natural Gas
Real Estate and Business Services
Wholesale Retail Trade and Repairing Services
Construction
Manufacturing Industries
Transportation, Storage and Other Communication
Electricity, Gas and Water
Social and Personal Services
Restaurants and Hotels
Telecommunication
Other Sectors
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Percentage Distribution of GDP Current
23%
13%
13%
11%
10%
%7
3%
3%
3%
3%
11%
By Economic Activities, 2015
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Volume of Non-Oil Foreign Trade Partners
46.3
35.9
30.2
19.5
16.114.7
14.6
9.9
13.3
11.0
China
India
USA
Saudi Arabia
IranGermany
Japan
United Kingdom
Switzerland
Iraq
in Billion USD 2016, Including Free Zones
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Volume of Foreign Trade between UAE and AUSTRIABy year, in Millions USD
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UAE Business
Environment
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Political Stability Happiness Peace and Tolerance Quality of life
Stability & Security
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Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles
Real Estate, Renting And Business Activities
Financial Intermediation
Manufacturing
Mining and Quarrying
Construction
Professional, Scientific and Technical Activities
Water supply; sewerage, waste management and remediation activities
Transportation and Storage
Information and Communication
Other Sectors
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Foreign Direct Investments 2015
Main Economic Activities
13.7%
6.3%
5.8%
5.1%
4.2%4.0%
3.9%
3.6%
3.6%
2.9%
United Kingdom
USA
India
France
Saudi Arabia
Kuwait
Iran
Japan
Austria
Switzerland
Main Countries
26.2%
25.1%
19.1%
9.7%
4.6%
4.1%
2.9%
2.6%
2.1%
1.4%
2.1%
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UAE FDI Inflow and Outflow 2016
9.0Billion US Dollar
UAE FDI Inflows in 2016
15.7Billion US DollarUAE FDI Outflows in 2016
Source: UNCTAD, World Investment Report 2017
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UAE FDI Stock, Inward and Outward at the end of 2016
117.9Billion US Dollar
UAE FDI inward stock at the end in 2016
113.2Billion US Dollar
UAE FDI outward stock at the end of 2016
Source: UNCTAD, World Investment Report 2017
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FDI Environment
1. The UAE’s investment environment is marked by stability, modern infrastructure, effective economic policy, and modern economic legislations.
2. UAE enjoys domestic political stability and healthy international relations with the world.
3. Strategic trade hub, offering access to regional markets.
4. Free transfer of profits, revenues and assets.
5. Efficient legal and courts systems.
6. Laws to protect foreign capital (Such as IPR , competition, and investment, laws)
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7. Ambitious legislative reforms to ensure efficiency, transparency, and investor confidence.
8. Low customs tariffs between 0 and 5 percent for almost all goods.
9. No income tax.
10. World class infrastructure.
11. Efficient Government services (heading to the “Smart Government” initiative)
12. Global aviation hub.
13. Sophisticated lifestyle which made UAE the favorable destination for more than 200 nationalities.
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• Fiscal Advantages of Free Zones in UAE.
1. 100% income and corporate tax exemptions.
2. No Foreign exchange controls.
3. 100% capital and profit repatriation.
4. Strong appreciating and fully convertible currency.
5. Low Inflation.
6. Easy funding from International Banks.
Free Zones
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UAE Key Areas of
Development
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UAE Key Areas of Development
PetrochemicalsAlternative, Renewable,
Oil & Gas EnergyTransportation &
InfrastructureManufacturing Healthcare & Education
Defense & Aerospace Real Estate Tourism Agriculture & Water
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Expo2020
Dubai EXPO theme
• Sustainability - lasting sources of energy and water
• Mobility - smart systems of logistics and transportation
• Opportunity - new paths to economic development
277Thousand jobs
25 Million visitors
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