The UAE economy is dominated by the industrial sector, which contributed approximately 58.2%to the total GDP in 2014. Mining and quarrying made the major contribution of 34.6% to GDP.The UAE significantly relies on its hydrocarbon sector where the share of oil-related activitiesaccounted for about 29% and non-oil activities accounted for 71% of total GDP in 2014. Stronginvestment plans of the UAE government in infrastructure and major projects will support the highgrowth of the economy. The UAE government has diversified the economy from the oil sector tothe non-oil sector. The non-oil sector that includes tourism, hospitality, and finance is expected todrive economic growth during the forecast period.
Lucintel, a leading global management consulting and market research firm, has analyzed thepolitical, economic, social, technological, legal, and environmental factors of the UAE and hascome up with a comprehensive research report “PESTLE Analysis of the UAE 2015”. This reportprovides an analysis of the UAE economy from historical, current, and future perspectives. SWOTanalysis, scenario analysis, and risk analysis of the UAE are also included in the report. Thereport also includes forecast for the UAE’s economic growth through 2020.
The report highlights various drivers and challenges, which have influenced investment decisionsin the economy. The UAE is a politically stable country, which follows absolute monarchy. TheUAE has 7th largest oil reserves and 7th largest natural gas reserves in the world. It is the 6thlargest petroleum exporter in the world. The country has a strong current account surplus andhigh foreign reserves. The industrial sector is the main sector, which drives the economic growth
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