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.