UNITED ARAB EMIRATES
Coat of Arms
Khalifa bin Zayed Al Nahyan
»Emirati, Emirian, Emiri
»Federation of 7 hereditary monarchies
»83,600d km2 (116th)
»$643.846 billion (32nd)
» Per capita -$65,037 (7th)
»$440.181 billion (28th)
» Per capita -$65,037 (7th)
»UAE dirham (AED)
The United Arab Emirates sometimes simply called the Emirates or the UAE is a country located in the southeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing sea borders with Qatar and Iran. In 2013, the United Arab Emirates total population was 9.2 million, of which 1.4 million are Emirati citizens and 7.8 million are expatriates.
Established in December 1971, the country is a federation of seven emirates. The constituent emirates are Abu Dhabi (which serves as the capital), Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain. Each emirate is governed by an absolute monarch who jointly form the Federal Supreme Council. One of the monarchs is selected as the President of the United Arab Emirates. Islam is the official religion of the United Arab Emirates, and Arabic is the official language, although English is widely used.
United Arab Emirates has the second largest economy in the GCC (after Saudi Arabia), with a gross domestic product (GDP) of $377 billion (1.38 trillion AED) in 2012. Since independence in 1971 United Arab Emirates economy has grown by nearly 231 times to 1.45 trillion AED in 2013. The non-oil trade has grown to 1.2 trillion AED, a growth by around 28 times from 1981 to 2012. In 2011,United Arab Emirates is ranked as the 14th best nation in the world for doing business based on its economy and regulatory environment, ranked by the Doing Business 2011 Report published by the World Bank Group.
Although United Arab Emirates has the most diversified economy in the GCC, the United Arab Emirates economy remains extremely reliant on oil. With the exception of Dubai, most of the United Arab Emirates is dependent on oil revenues. Petroleum and natural gas continue to play a central role in the economy, especially in Abu Dhabi. More than 85% of the United Arab Emirates economy was based on the oil exports in 2009. While Abu Dhabi and other United Arab Emirates have remained relatively conservative in their approach to diversification, Dubai, which has far smaller oil reserves, was bolder in its diversification policy. In 2011, oil exports accounted for 77% of the United Arab Emirates state budget.
Tourism acts as a growth sector for the entire United Arab Emirates economy. Dubai is the top tourism destination in the Middle East. According to the annual MasterCard Global Destination Cities Index, Dubai is the fifth most popular tourist destination in the world. Dubai holds up to 66% share of the UAE’s tourism economy, with Abu Dhabi having 16% and Sharjah 10%. Dubai welcomed 10 million tourists in 2013.
The United Arab Emirates has the most advanced and developed infrastructure in the region. Since the 1980s, the United Arab Emirates has been spending billions of dollars on infrastructure. These developments are particularly evident in the larger emirates of Abu Dhabi and Dubai. The northern emirates are rapidly following suit, providing major incentives for developers of residential and commercial property
The United Arab Emirates is ranked 63 with an Economic Complexity Index (ECI) of 0.103554
Top 5 Products exported by The United Arab Emirates
- Crude Petroleum (46%),
- Refined Petroleum (13%),
- Gold (9.2%),Petroleum Gas (7.4%),
- Jewellery (3.5%)
Top 5 Export destinations of The United Arab Emirates
The United Arab Emirates is a holiday maker’s paradise. With pristine beaches, cool blue water and a gleaming skyline, the United Arab Emirates is quickly named as a favorite destination by vacationers from around the world.
Along with palm-laden hotels, shiny yachts and colossal malls that would make even the most dedicated shopper wide-eyed with wonder, new attractions are opening up all over the country, drawing new audiences and appealing to an ever more diverse set of vacationers.
Guests seeking the ultimate hotel experience can sleep like a king in Abu Dhabi’s Emirates Palace, where everything that glitters is indeed gold.
Thrill seekers will not be disappointed with Yas Island, where visitors can experience the adrenaline-fueled Abu Dhabi Grand Prix, or turn a lap like their favorite racing star at Ferrari World – Ferrari’s first dedicated theme park.
Art lovers will appreciate Saadiyat Island – a cultural haven just off the coast of Abu Dhabi. In 2013, a Middle East extension of the legendary Louvre will welcome visitors to the island, bridging Eastern and Western art in the heart of the Gulf. By 2017, the Frank Gehry-designed Guggenheim Museum will open to the public, reflecting Islamic and Middle Eastern culture.
Travellers seeking a moment of solace will find refuge in Abu Dhabi’s Grand Mosque, named for the United Arab Emirates beloved founder Sheikh Zayed. The Sheikh Zayed Grand Mosque Center, in addition to overseeing daily worship activities, offers visitors an opportunity to learn more about Islam through its discovery programs offered in eight different languages.
Just north of the capital is the glimmering emirate of Dubai. As one of the world’s preeminent luxury tourism destinations, Dubai certainly lives up to its reputation.
In the heart of the city, reaching nearly over a half-mile into the sky, stands the Burj Khalifa – the tallest building in the world. Named after the President of the United Arab Emirates, the iconic tower features the world’s highest observation deck on the 124th floor, where visitors can enjoy breathtaking views of the city below.
Just next door, shoppers will be in paradise at the sprawling Dubai Mall, One of the world’s largest shopping malls. In 2011, the Dubai Mall was named the most visited destination on the planet, attracting more than 54 million visitors to its over 1,200 stores.
Just down the beach stands the Burj Al Arab, Dubai’s legendary landmark. Built in the shape of an Arabian dhow, the Burj Al Arab is the only seven-star hotel in world, offering guests unrivalled luxury accommodations and services.
As more attractions open all over the country, the United Arab Emirates is quickly becoming one of the world’s most desired destinations, rivaling contenders with centuries of experience, and realizing the dreams of the nation’s founders.
- Some of the largest sand dunes in the world in the south of Abu
- Dhabi in the Liwa Oasis area
- Beautiful beaches on the east coast
- Rugged, remote wadis in the northern emirates
- Archeological sites and natural rock formations in the Hajar
- Resplendent oases in Al Ain
- Although at first glance the outdoors may seem dull and uninteresting, and even dangerous due to the desert conditions, there are actually amazing natural destinations in the UAE – the difficulty is in knowing where to find them!
- There are pristine waterfalls, cliffs lined with fossils, even freshwater lakes – Weekend use is a blog that freely shares ideas, routes and plans for weekend adventures in the UAE (and Oman) with all trip details including description, GPS track, interactive map, and photos.