United Arab Emirates

The United Arab Emirates, one of the world’s fastest growing tourist destinations, has all the right ingredients for an unforgettable holiday, sun, sand, sea, sports, unbeatable shopping, top-class hotels and restaurants, an intriguing traditional culture, and a safe and welcoming environment.

The UAE is classified as a high income developing economy by the IMF. The UAE’s oil reserves are ranked the world’s sixth largest and the UAE possesses one of the most-developed economies in West Asia.

The United Arab Emirates is a constitutional federation of seven emirates; Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Qwain, Ras al-Khaimah and Fujairah. The federation was formally established on 2 December 1971.

The UAE has a vibrant free economy, a significant proportion of its revenues arising from exports of oil and gas. Successful efforts have been made to diversify away from dependence on hydrocarbons and a solid industrial base has been created, together with a very strong services sector. The establishment of free zones has been an important feature of this diversification policy.

 

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