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UAE

Profile

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

UAE oil and gas fields

UAE plans several major projects despite a slowdown in spending Subscription

31 August 2014 | By

Focus switches to raising upstream offshore oil capacity and boosting gas production with a second sour gas field

Dubai investment

Foreign investors buy into Dubai’s vision Subscription

28 August 2014 | By

Projects in the emirate are moving forward with foreign funding

Risk ratings in the Middle East and North Africa

Navigating regional political and security risk Subscription

17 August 2014 | By

Investors face a widening and complex web of risks in the Middle East and North Africa region

Top 100 projects, Q2 2014

Top 100 projects index dips Subscription

14 August 2014 | By

Small fall in the total value of the Middle East’s biggest projects, but further pressure expected due to fighting in Iraq

Middle East contracts awarded July 2014

Middle East contracts awarded: July 2014 Subscription

11 August 2014

Over $8bn of contracts were awarded in July in the Middle East

Nuclear turbine

The high costs of the nuclear option Subscription

7 August 2014 | By

The region’s major economies have turned to nuclear power to address future energy shortages, but there are many hurdles to be overcome if they are to realise their atomic energy ambitions

Abu Dhabi: Is building the Baraka nuclear plant

The UAE's nuclear programme Subscription

7 August 2014 | By

Four nuclear reactors are being built in the Baraka area of Abu Dhabi, with the first due onstream in 2017

Middle East contracts awarded June 2014

Middle East contracts awarded: June 2014 Subscription

31 July 2014

Over $6bn of contracts awarded in June in the Middle East

Rigs operating in the Middle East and North Africa, June 2014

Middle East rig count on the rise Subscription

31 July 2014 | By

The region is now the world’s second-biggest market for operating oil rigs

The Louvre Abu Dhabi

The GCC’s growing art spend Subscription

24 July 2014 | By

Qatar and Abu Dhabi are among the states muscling in on the international art market

Filter UAE analysis by sector

MEED comment

Dubai airport

UAE firms have edge for Bahrain airport

1 September 2014 | By

Dubai and Abu Dhabi-based firms will receive preferential treatment

Emaar Malls Group's Dubai Marina Mall

Mixed reaction to Emaar Malls Group listing

1 September 2014 | By

Emaar Malls Group intial public offering sets benchmark for Dubai’s capital markets

The Pentagon in the US

UAE cuts out the middle man in Libya

28 August 2014 | By

By bombing Libya, the UAE and Egypt open the door to backlash from both allies and enemies

Burj al-Arab, Dubai

Dubai opens door for more African business

28 August 2014 | By

International governments see Dubai as ideal springboard for Sub-Saharan Africa

Dubai Mall

Emaar’s position stays uncertain

7 August 2014

Analysts remain unsure about the firm’s strategy along with worries about Dubai’s property sector

Regional: Interest in contemporary art is growing

Art investors grow cautious

24 July 2014 | By

The global economic recession affected art sales as well. Its fallout has ensured the region’s art market is growing at a steady yet cautious pace

Drilling

Abu Dhabi moves on oil concession

24 July 2014 | By

Bids submitted for Adco onshore operations, but major contender ExxonMobil has left the race

Nakheel Nad al-Sheba

Dubai developers must end sales price concerns

19 July 2014 | By

Developing cash-generating assets requires funding, but delivers long-term revenues

More MEED commentary

Special Reports

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

Nuclear: Backing key to plans

7 August 2014

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

Sharjah

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

UAE

UAE: Project spending picks up in Abu Dhabi Subscription

27 February 2014

Following a spending review in 2011, project activity is picking up in Abu Dhabi

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

UAE

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

Wastewater

Webinar: Project opportunities in GCC wastewater Subscription

15 May 2012

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

Barzan: The gas project raised $5.7bn

Rebuilding the Middle East: Prospects for the projects market 2012 Subscription

6 February 2012

MEED’s webinar looks at expected growth in the Middle East and North Africa

More MEED webinars

Top 10 projects

Rank

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 Ajman International Airport Transport 3,267
4 Ruwais Refinery Expansion Project: Process Package 2 (RFCC) Oil 3,109
5 Barakah Nuclear Power Plant 1 Power 3,100
6 Abu Dhabi Airport Expansion: Midfield Terminal Complex Transport 2,960
7 Ruwais Refinery Expansion Project: Package 3: Offsites & Utilities Oil 2,700
8 Barakah Nuclear Power Plant 2 Power 2,500
9 Ruwais Carbon Black and Delayed Coker Project Oil 2,470
10 Ruwais Refinery Expansion Project: Process Package 1 (CDU) Oil 2,100
Click through to the full data table on the UAE's biggest projects in construction
Click through to MEED's Q1 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2014; All projects are in execution

Project awards

Nakheel Mall site and Al-Ittihad Park on Palm Jumeirah

Trojan wins Palm Jumeirah construction contract Subscription

28 August 2014 | By

Nakheel appoints contractor to build residential block

Nakheel

Nakheel awards Jumeirah Islands construction contract Subscription

21 August 2014 | By

Local contractor will build houses and retail centre

Lloyd's Register Energy will provide construction oversight and technical services for the Baraka nuclear plant

Lloyd’s Register wins UAE nuclear deal Subscription

11 August 2014 | By

UK consultant will provide construction oversight and technical services for Baraka plant

Sharjah in the UAE

Dolphin Energy plans gas pipeline to supply Sharjah Subscription

7 August 2014 | By

UAE group awards design deal to ILF Consulting Engineers and invites prequalification

Six Construct wins Ferrari World Abu Dhabi expansion

Six Construct wins Ferrari World Abu Dhabi expansion Subscription

31 July 2014 | By

Attraction already the world’s largest indoor theme park

Dubai Electricity & Water Authority

Dewa awards contract to improve water networks Subscription

16 July 2014 | By

Dubai Electricity & Water Authority project is aimed at boosting efficiency of emirate’s water transmission services

Solar panels

Dewa awards contract for solar centre Subscription

16 July 2014 | By

Innovation centre will be located at Mohammed bin Rashid Al-Maktoum Solar Park

NPCC and Petrofac lead UAE awards

NPCC awarded package one of Nasr field development Subscription

15 July 2014 | By

Local group considers remarkable run of contracts in Abu Dhabi offshore sector

Joint venture wins Dubai Expo metro line contract Subscription

14 July 2014 | By

Parsons and Systra to complete preliminary engineering for rail project

Honeywell technology selected for Fujairah biofuels refinery Subscription

10 July 2014 | By

Project owner Petrixo to use US group’s jet fuel and diesel knowhow at $800m facility

Projects trends

Gulf Projects Index

Gulf Index sees its worst week in nearly two years Subscription

27 August 2014 | By

All markets declined apart from those of Qatar and Saudi Arabia

Gulf Projects Index

UAE and Qatar support index growth Subscription

21 August 2014

Along with Iran, the UAE and Qatar see the most activity in the Gulf Projects Index

Gulf projects index

Iraq’s project market continues to slide as US steps up intervention Subscription

14 August 2014

The contraction in Iraq’s projects market weighed on the regional index for the Gulf as a whole

More Gulf Projects Index

People

John Abi-Hanna Subscription

27 July 2014

John Abi-Hanna is business development director, water, Middle East for Black & Veatch

Nomaan Raja Subscription

27 July 2014

Nomaan Raja is partner in Dubai at Latham & Watkins

Mazen Alami Subscription

27 July 2014

Mazen Alami is managing director, Middle East at Black & Veatch

Vishesh Bhatia Subscription

22 July 2014

Vishesh Bhatia is CEO Jumbo Group

Andrew Tarbuck Subscription

20 July 2014

Andrew Tarbuck is partner in Dubai at Latham & Watkins

Sami al-Louzi Subscription

20 July 2014

Sami al-Louzi is partner in Riyadh and Dubai at Latham & Watkins

More UAE biographies

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MEED events

Bentley Advantage Conference

Software and services for sustaining infrastructure across the lifecycle

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