Doing SME business in UAE Guides – United Arab Emirates. The Middle East. Learn from the UAE Small Business Ideas and Opportunities – a short guide for entrepreneurs. And get information about UAE Franchise & Middle East Business Opportunities and other small business and SME entrepreneurship news. Since the discovery of oil in the UAE more than 31 years ago, the UAE has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living. Successful efforts at economic diversification in trade, logistics, banking, tourism, real estate and manufacturing have reduced the portion of United Arab Emirates GDP based on oil and gas output to 25%. The UAE also has one of the most liberal trade regimes in the Gulf and attracts strong capital flows from across the region.
Doing Business in UAE Guide
Despite the continued importance of the petroleum sector, the U.A.E. is aggressively seeking to diversify its economy and develop new industrial and commercial sectors. The U.A.E. has already become a major international producer of aluminum and has begun ventures in the aviation and defense sectors. Although having a modest population of just under 9 million, with expatriates comprising about 85% of this total, the U.A.E. is a leading commercial center serving the Middle East, Africa, and South Asia. reflecting the country’s role as a major regional commercial center, a significant portion of the U.A.E.’s import volume is ultimately re-exported. Dubai, in particular, plays a central role as regional trade facilitation, logistics, and tourism hub. Learn more from UAE Business Guide provided by ExportGov from the US Government.