|
 Comprising a
collection of seven states, the main economic activity revolves
around Abu Dhabi and Dubai. Abu Dhabi holds 94% of the UAE's total
oil and gas reserves, which account for almost 10% of the world's
total and are predicted to last about another 100 years.
Dubai has a
strong base in trade, especially re-export through its free zones.
Highly
literate population out-numbered by large number of expatriates.
Despite
efforts to diversify, the UAE remain to a large extent dependent on
income from hydrocarbons.
New Middle Class rich boosted by strong stock market and real estate
sectors.
Large and
growing professional Middle Class, of which majority are under 35.
High Internet DSL (Broadband) penetration.
High Credit and Payment card usage (Internet commerce enabled).
Internet access from work and home amongst 18-40 year olds is
6
hours per day.
Large number of
Emirates online sites cater for domestic market.
Majority of content is in
Arabic language though English
language is also commonly understood.
Economic Data
|
2003
|
2004
|
2005
|
|
GDP per head ($ at PPP) |
$20,880 |
$20,900 |
$20,960 |
|
|
Source: Economist Intelligence Unit
Source: Country Data
|
Dubai
Market Index