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 Basic Facts about UAE

​​​​​​In recent years, United Arab Emirates has experienced a new boom after having the first one at the time of oil discovery in its territories. The new boom is represented by the remarkable economic growth that affected the pan-economic sectors of the country and helped to set up free zones in the different emirates.

The geographic nature of the state has significantly contributed in enhancing the state’s economy in terms of entry and exit, and this naturally encouraged the re-export process and boosted the position of some of emirates, which are now considered as a transit route for various goods, and this has activated the navy and air ports in the country as well as it has encouraged many international companies to take Emirates as a regional base, raising the proportion of the issuance of professional or business licenses.

During the past years, the UAE turned into a very fertile and collective environment in various investment sectors and was able to give an added value for the local and international investments that it hosted due to the country’s political stability, legislative economic well-developed environment, strong logistic infrastructure, distinct geographical location, as well as the adoption of electronic smart management services and the disposal of routine administrative methods, the thing that facilitate and speed up the procedures for investors.

The success of the UAE in winning the global bid to host the World Expo 2020 has increased the factors of attraction of the state to magnetize foreign direct investment (FDI), especially that the UAE is considered as a model of the attractive environment for FDI in light of the large advancement that has been achieved in the area of attracting investments using the above mentioned factors of attraction.

All these factors besides the safe-haven investment that provides a relatively high level of economic security and lucrative opportunities in the region make the UAE the best investment climate in the world that motivates the investors to take decisions of residence and investment in the country over the next years

​General infor​​​mation

​Capital Abu Dhabi
Official Language Arabic
system of government Federal Includes seven united emirates
​President of the country Sheikh Khalifa Bin Zayed Al Nahyan
Space (thousand km​​2)​ 83.6
Population (million) 8.6
Major cities Abu Dhabi - Dubai - Sharjah - Ajman - Umm Al Quwain - Ras Al Khaimah - Fujairah
climate Very hot summer with high humidity in the coastal regions, while the winter is warm and a little rain mostly
official working DaySunday to Thursday
Official Working Hours government departments working hours: 7:30am to 2:30pm The private sector: 8:00 until 4:30 pm Banks: 8:00 to 4:30 pm Centers and shops: 10:00 to 12:00 pm, seven days a week
Official Holidays Islamic New Year New Year Esraa and Mearaj Almawled Al Nabawi Eid al-Fitr Eid al-Adha National Day
World time4 + Greenwich
Phone Code971 +
CurrencyAED (Arab Emirates Dirham)

Economic Information
GDP (billion dollars)390
The most important goods exportedPetrol- Gas- Gold - ships Guiding- Petrol oil - aluminum –Jewelries - polymers of ethylene
The main imported goodsGold - Diamond - Cars - Jewelries - aerial vehicles
​The most important strategic partners United States - Germany - Japan - China - India - Iran - Singapore - Thailand - South Korea
​Dirham-dollar exchange rate 3.65 Dirhams​