TOP

Economy in UAE

The UAE’s economy is also in power because of its strategic location. Business people from Asia, Europe, and Africa use Dubai as a hub for trading. Latin Americans use this region to launch their business plan as for them it’s profitable to have their setup in UAE. The consistent spending of the UAE government on the infrastructure continues to receive major progress of capital. They are still spending on MBA assignment writers of Abu Dhabi to make it one of the wealthiest cities in the world and transforming it into a center of attention for investors all over the world. One of the main reasons for their boosted economy is the festivals run by the country which also attracts foreign people and lures them to become a part. The international film festival, tennis championship, GITEX, and horse racing festivals are the best ones to capture the keen eye of the international sponsors and elites.

The UAE has the second-largest economy in the world. Before 1950, when the oil wasn’t yet discovered, the economy was based on nomadic farming, fishing, seafaring, and date palm cultivation but after the oil discovery, the economy was boosted giving rise to the extraction of crude oil and gas, repair services, real estate businesses, construction, and manufacturing. According to the 2018 Economic report, the GDP rose by 0.8 percent at real prices amounting to AED 1422.2 billion. The UAE’s economy is highly based on trading, touring, and business ideas which lure investors from all over the world to come and join the UAE business plans. 

FREELANCER BIDDING (0)
REPUTATION
EXPERIENCE
BID
There are no bid to show.
ABOUT EMPLOYER
  • Address: Office 511, Building 7, Dubai Design District - Dubai
  • Total spent: $0
  • Projects posted: 1
  • Hires: 0