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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

Power

GDF Suez consolidates its position Subscription

23 October 2014 | By

The group’s success in winning Kuwait’s first independent water and power project has bolstered its dominance in the GCC’s private developer market

UAE projects by sector and UAE project status

UAE ramps up development as construction sector recovers Subscription

22 October 2014

About $549bn-worth of infrastructure projects are planned or under way in Dubai, with a further $312bn in Abu Dhabi

Middle East contracts September 2014

Middle East contracts awarded: September 2014 Subscription

16 October 2014

Over $2bn of contracts awarded in September in the Middle East

Nationals in petrochemicals workforce

GCC chemicals industry creating local jobs with varied success Subscription

14 October 2014 | By

Industry group says almost 150,000 people directly employed in regional chemicals sector

Middle East contracts awarded August 2014

Middle East contracts awarded: August 2014 Subscription

14 October 2014

Over $3bn of contracts awarded in August in the Middle East

Dubai metro network

Interview: Abdul al-Hassan, director of rail planning, Dubai’s RTA Subscription

13 October 2014 | By

When it comes to public transport in the UAE, there has been a dramatic shift in attitudes over the past decade, according to Abdul Redha Abu al-Hassan, director of rail planning at Dubai’s Roads & Transport Authority (RTA).

Estimated share of GCC railway cargo 2020

Boosting trade with rail links Subscription

12 October 2014

Bechtel’s David Welch explains how railways promote economic growth

Dubai: Stations are critical intersections that bring together passengers, local communities and businesses

From platforms to linking points Subscription

12 October 2014 | By James Gavin

Stations are now being designed to enhance the quality of journeys

Middle East and North Africa internet indicators 2013

Market delivers sustained growth Subscription

9 October 2014 | By Paul Melly

Operators are having to cater to increasing demand for faster download speeds and improved connectivity across the region

Selected GCC industrial EPC awards

GCC hits slump in non-oil industrial spending Subscription

1 October 2014 | By

Contract spending on industrial projects has dropped for four years with only $1.5bn awarded to date in 2014

Filter UAE analysis by sector

MEED comment

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

Dubai Financial Market

Exchanges vie for African company listings

6 October 2014 | By

Dubai and London bourses compete for North African business

Dubai’s planned energy programme states that by 2030, 12 per cent of its power will come from coal

Can coal ever be clean?

25 September 2014 | By

Doubts emerge over carbon capture as UAE considers expanding on coal use

The Energy Ministry estimates that by 2020, about a quarter of the country's power will be generated by the nuclear sector, after the start-up of the nuclear reactor in Abu Dhabi in 2017

UAE shifts energy priorities

25 September 2014 | By

New Energy Ministry directorate designed to face changing landscape in global energy sector

Speculators have left Dubai's property market and, as a result, demand and prices have cooled

Dubai real estate market undergoes transition

25 September 2014 | By

Evolution into a more mature market will bring new investors

Al-Maktoum International airport, in Dubai

UK in front for world's largest airport

18 September 2014 | By

New airport, not the Expo, is the largest Dubai construction scheme

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

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

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 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 Sarb Full Field Development: Main Processing Plant: Package 4 Oil 1,880
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 Q2 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: September 2014; All projects are in execution

Project awards

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

Dubai's Sheikh Zayed Road

El-Seif wins more than $1bn of new work in Dubai Subscription

19 October 2014 | By

Contracts cover a 100-plus-storey tower and 2,200 villas

caustic soda

Nuberg wins deal to expand Abu Dhabi caustic soda plant Subscription

13 October 2014 | By

Indian group awarded $15m contract by project owner Al-Ghaith Industries

The US' CB&I Lummus has been awarded a $90m contract to revamp five oil storage tanks on Das Island in Abu Dhabi

CB&I Lummus wins $90m Abu Dhabi storage tank contract Subscription

12 October 2014 | By

Firm to revamp five oil tanks on Das Island for Abu Dhabi Marine Operating Company

Gas plant

Tebodin awarded UAE gas design deals Subscription

7 October 2014 | By

Dutch group wins work on Abu Dhabi Gas Industries projects

The Dubai Design District project is located adjacent to Business Bay and has 10 buildings under construction

Parsons secures consultancy work at Dubai Design District Subscription

7 October 2014 | By

Contract covers infrastructure work at new development

Nakheel's Palm Jumeirah, site of the 11km The Boardwalk project

Nakheel appoints contractor for Palm island Boardwalk Subscription

30 September 2014 | By

The 11-kilometre-long promenade will be home to shops and restaurants

Emerald Palace Kempinski Hotel on the Palm Jumeirah

Depa wins two Dubai hotel fit out deals Subscription

22 September 2014 | By

Projects are at World Trade Centre and on the Palm Jumeirah

Dubai

Hill wins Dubai Parks & Resorts role Subscription

9 September 2014 | By

US firm will construction manage attractions

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

Projects trends

Gulf projects index

Gulf index rises on Qatar growth Subscription

23 October 2014

Gas-rich state records expansion of 3.4 per cent in value of projects market

Gulf projects index

GCC market makes small gains Subscription

16 October 2014

Oman records the strongest growth, while Iraq’s index freefall slows despite clashes

Gulf projects index

Market eases for Eid break Subscription

9 October 2014

Oman is only projects market to record significant movement

More Gulf Projects Index

People

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

Destination Dubai 2020

Destination Dubai 2020

www.destinationdubai2020.com

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