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Country data

Iran 2008 2009 2010 2011 2012f 2013f 2014f
Nominal GDP ($bn) 315.5 254.8 287.4 348.6 383.8 390.0 403.9
GDP per capita ($) 39.075 31.074 34.778 40.951* 43.774 43.185 43.424
Real GDP growth (annual change, %) 3.2 -4.8 1.7 3.9 4.4 4.0 3.9
Government revenue (% of GDP) 39.0 27.1 29.6 34.3 35.1 34.3 33.6
Government total expenditure (% of GDP) 17.5 27.6 25.0 23.3 21.8 23.3 22.7
Total government debt (gross, % of GDP) 12.5 23.9 22.1 17.4 16.6 16.7 16.8
Current account balance (% of GDP) 7.1 3.1 2.5 14.6 17.3 15.2 15.6
Value of oil imports 0 0 0 0 0 0 0
Value of oil exports 103 68.1 74.6 111.6 116.8* 116.4 113
Inflation (%) 6.6 1.2 0.9 0.8 1.1 2.0 2.5
Click to see full economic data (2005 - 2018 forecast)
Source: International Monetary Fund, World Economic Outlook Database; Last updated: June 2014

Doing business in...

A guide to doing business in the UAE

MEED’s guide to doing business in the UAE

An essential companion for anybody seeking to do business in or with the federation of the United Arab Emirates

UAE trends

Mohamed al-Khadar

Interview: Executive director, Urban Planning Council, Abu Dhabi Subscription

27 November 2014 | By

Abu Dhabi’s Urban Planning Council is making good strides in helping the emirate plan the next phase of its development, says Mohamed al-Khadar

Crunch: Abu Dhabi faces a shortfall of water next year unless new capacity comes online or demand decreases

A brave move by Abu Dhabi on water tariffs Subscription

20 November 2014 | By ,

The emirate is targeting nationals in its reform of power and water subsidies

Fujairah's location on the Gulf of Oman coast gives it direct access to the Indian Ocean, a geographical advantage that has attracted investment in key energy infrastructure over the past decade

Oil and gas drives $9bn projects pipeline in Fujairah Subscription

13 November 2014 | By

Emirate’s access to Indian Ocean attracts investment

Energy use by Mena cities 2010

Mixed response to green building Subscription

13 November 2014 | By Paul Melly

Only some countries in the region have developed sustainability ratings for projects that seek to go beyond energy conservation and look at resource use and environmental impact

WEF Think Tank launch

World Economic Forum launches global think-tank Subscription

11 November 2014 | By Lara Golden

Think-tank communities becoming increasingly important element of global policymaking

Dame Kelly Holmes speaking at the Daman Corporate Health Awards 2014

Determination is the key to success, says Olympic hero

6 November 2014

Double Olympic gold medallist Dame Kelly Holmes presents Daman Corporate Health Awards 2014

Selected UAE banks profits for first nine months

Profitable UAE banks raise international profile Subscription

5 November 2014 | By

Most UAE banks post first nine-month profit increase

Top 100 contract awards Q3 2014

Market cools in latest top 100 contract awards Subscription

4 November 2014 | By

Value of top 100 flat despite new entrants to the index

UAE electricity supply and power and water projects

UAE takes steps to prevent shortfalls Subscription

2 November 2014

While Abu Dhabi is attempting to ward off a short-term power supply crunch, Dubai is diversifying its generating options

Power and water

Region’s utility sector races to meet demand Subscription

30 October 2014 | By

With rapid population and industrial growth, the Middle East and North Africa is a key market for companies involved in the power and water sectors

Filter UAE analysis by sector

MEED comment

While Abu Dhabi's decision to reform tariffs is a brave one, implementing them will prove the real challenge

Abu Dhabi leads the way with tariff reform

20 November 2014 | By

Enforcing new utility tariffs may provide stiff challenge for government

Abu Dhabi’s decision to reform electricity and water tariffs is a bold move

Abu Dhabi takes bold step with tariff reform

13 November 2014 | By

It will be interesting to see when the other GCC states will follow suit

Dubai Financial Market

Investors eager for Dubai flotations

13 November 2014 | By

Meraas is listing its theme park subsidiary to help fund projects

Al Maktoum International airport, in Dubai, arrivals entrance

Dubai growth is a nice problem to have

6 November 2014 | By

Dubai’s construction companies returning to 2008 levels

Dubai creek

Dubai returns to the creek

30 October 2014 | By

New waterfront developments are being built in Old Dubai

Meydan's reputation for cashing in bonds has not stopped it from attracting bids from seven of the region’s leading contractors for its new Entisar Tower project on Dubai’s Sheikh Zayed Road

Contractors try to forget clients cashing in bonds

23 October 2014 | By

Even clients with reputations for treating firms unfairly are attracting bids as Dubai’s property market continues with its resurgence

Dubai serious about power

Dubai serious about power

16 October 2014 | By

Emirate is making sure it avoids the potential supply shortfall facing Abu Dhabi

Dubal participation in Dubai IPP raises interesting questions

Dubal participation in Dubai IPP raises questions

9 October 2014 | By

Selection of government company may contradict emirate’s liberalisation goals

More MEED commentary

Special Reports

Abu Dhabi, capital city of the UAE

UAE: Abu Dhabi adopts more assertive foreign policy

10 September 2014

Rapid development over the past 20 years has turned the UAE into an economic powerhouse in the Middle East

Region: Political stability a must to be able to go nuclear

Nuclear: Backing key to plans Subscription

7 August 2014

The highly regulated nature and requirements of the nuclear power industry means foreign support is key to the region’s ambitions


UAE: Dubai boom boosts northern emirates Subscription

29 May 2014

Spreading the wealth

GCC real estate

Real Estate: GCC property markets stabilising Subscription

18 March 2014

There is an uptick in demand for residential and commercial property across the region, with just one or two exceptions

More UAE special reports

Market presentations

Dubai creek

Managing the Boom: The Outlook for the Middle East Subscription

23 July 2014

Opportunities and challenges for businesses in the region created by the new projects boom


Webinar: Impact of Expo 2020 on Dubai construction Subscription

4 February 2014

Dubai is expected to spend more than $7bn on infrastructure in preparation for the World Expo

Middle East Outlook 2013

A region in transition: Middle East outlook 2013 and beyond Subscription

18 August 2013

Insight and analysis on the economic and projects outlook for the Middle East

Project Finance

Webinar: Middle East project finance outlook Subscription

17 June 2013

Market constraints to continue, with deals flowing to most stable markets in the region

Mena renewables 2013

Webinar: MENA Renewable Energy Subscription

12 May 2013

In this presentation, MEED discusses the trends and prospects for renewable power in the region

After the Uprisings webinar

After the Uprisings: The outlook for business in the Middle East in 2013 and beyond Subscription

4 March 2013

A webinar on the region’s business environment, providing current data and exclusive expert analysis drawn from MEED’s team of experts

Top 100 projects 2012

Top 100 projects: The Middle East market gains momentum Subscription

3 February 2013

This webinar examines projects market trends in the region and forecasts which countries and sectors will grow in 2013


Webinar: Project opportunities in GCC wastewater Subscription

15 May 2012

Join MEED for an exclusive online seminar looking at the Gulf wastewater sector

More MEED webinars

Top 10 projects


Rank Project Name Sector Contract value ($m)
1 Baraka Nuclear Power Plant: Reactor 3 Power 4,000
2 Upper Zakum Full Field: Early Production Facility: Offshore: EPC 2 Oil 3,790
3 Baraka Nuclear Power Plant: Reactor 1 Power 3,100
4 Abu Dhabi Airport Expansion: Midfield Terminal Complex Transport 2,960
5 Baraka Nuclear Power Plant: Reactor 2 Power 2,500
6 Ruwais Carbon Black and Delayed Coker Project Oil 2,470
7 Dubai Pearl: Towers Construction 2,400
8 Baraka Nuclear Power Plant: Reactor 4 Power 2,000
9 Nasr: Phase 2: Full Field Development: Package 2: Platforms & Wellheads Oil 1,900
10 Umm Al Lulu Field Development: Full Field Development: Phase 2: Package 2 Oil 1,690
Click through to the full data table on the UAE's biggest projects in construction
Click through to MEED's Q3 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: November 2014; All projects are in execution

Project awards

Aluminium smelter

GE wins services deal on Abu Dhabi aluminium smelter turbines Subscription

27 November 2014 | By

US group awarded long-term contractual services agreement from Emirates Global Aluminium

Bam International has been awarded a contract to build marine infrastructure works for the third-phase expansion of the Al-Dabbiya oil field in Abu Dhabi

Bam wins $88m deal on Al-Dabbiya marine works Subscription

20 November 2014 | By

Dutch company to carry out work on shallow-water oil field development in Abu Dhabi

Technip wins Abu Dhabi offshore project management deal

Technip wins Abu Dhabi offshore project management deal Subscription

17 November 2014 | By

French engineering group to oversee three construction packages on Nasr field

GE Oil & Gas wins Abu Dhabi gas turbine deal

GE Oil & Gas wins Abu Dhabi gas turbine deal Subscription

12 November 2014 | By

US group to supply technology for Umm al-Lulu full-field development

Bluewaters development

Meraas appoints contractors for Dubai building work Subscription

5 November 2014 | By

Construction contracts cover Bulgari hotel, Bluewaters and Nikki Beach Resorts

District cooling

Drake & Scull wins Abu Dhabi district cooling deal Subscription

3 November 2014 | By

Work involves installing a network serving a housing complex


Living Legends Dubailand wastewater contract awarded Subscription

30 October 2014 | By

Metito wins deal for sewage treatment plant

Adwea peak water supply

Suez Environment wins major Abu Dhabi and Oman contracts Subscription

29 October 2014 | By

Work will include building desalination component of Abu Dhabi’s Mirfa project

District cooling

Tabreed awards $37m resort district cooling contract Subscription

23 October 2014 | By

SNC-Lavalin wins Meraasland Resort deal in Dubai

GCC aluminium production

Petrofac consortium wins deal on Abu Dhabi alumina refinery Subscription

22 October 2014 | By

Emirates Global Aluminium raw materials project expected to be completed by end of 2017

Projects trends

Gulf projects index

Qatar and UAE buoy Gulf index Subscription

27 November 2014

All other Gulf countries except Oman record declines in value

Gulf projects index

Kuwait expansion lifts Gulf index Subscription

20 November 2014

Oman and Bahrain also record significant growth in value of projects markets

Gulf projects index

Gulf projects market remains flat Subscription

13 November 2014

Gains by Oman and Kuwait cancelled out by losses in Iraq and Iran

More Gulf Projects Index



Stuart Bowie Subscription

16 October 2014

Stuart Bowie is managing director at GAC Dubai

Nicholas Browne Subscription

16 October 2014

Nicholas Browne is global director at GAC Bunker Fuels Ltd.

Meena Mathews Subscription

16 October 2014

Meena Mathews is Gulf Agency Company’s regional manager, P&I for the Middle East Region

Nabil Ibrahim

Nabil Ibrahim Subscription

22 September 2014

Nabil Ibrahim

Valerie Lindsay

Valerie Lindsay Subscription

22 September 2014

Valerie Lindsay is dean of faculty of business, University of Wollongong in Dubai

Christopher Abraham

Christopher Abraham Subscription

22 September 2014

Christopher Abraham is head of Dubai campus, senior vice-president of institutional development, S P Jain School of Global Management

More UAE biographies

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MEED events

Arabian Hotel Investment Conference 2014

Arabian Hotel Investment Conference 2015 Subscription

Over a decade of defining the hotel investment landscape

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