United Arab Emirates (U.A.E)
As Goodies Inc.'s New Home!


By Jessie, Margaret, and Sheeza
Presentation Overview
1. Geography
2. Demographics
3. Economic System and Characteristics
4. International Trade
5. Cultural Differences Between U.A.E and Canada
6. Government's Role in International Business
Answering the Final Question: Why Us?
Geography
U.A.E is situated in the Middle East.


Has an extensive and well developed road network

U.A.E's main transportation method is the sea.
Sea transportation is used in U.A.E's international business.
Demographics



Demographics
In 2015, 93.8% of the population were literate
Official language is Arabic and English is used as a second language
Islam is the official religion of the country and the U.A.E advocates freedom of religion
Unemployment rate is 3.8% of the total labour force
Government owned assets
Private Enterprises
Economic Strengths
2016 GDP: $348.6 Billion USD
2016 GDP per capita: $37.6 Thousand USD
Economic Areas that Need Improvement
Productivity of the non-oil sector
Diversify the country's economy
Spending Dh 300 billion on about 100 initiatives covering health and education, energy, transport, water and technology to help prepare for the post-oil phase of the economy
U.A.E and International Trade

Discovery of oil in 1960s led to a shift in the federation's closest trading partners
Health of U.A.E's economy has depended on the price of oil, the economic vitality of its leading trading partners, as well as political outlook of the Arabian/Persian Gulf Region
Its modern infrastructure and port facilities allowed it to serve as an important re-export and transportation hub

Business Cultural Differences Between U.A.E and Canada
Poly-chronic view of time. In a business setting, people have a less regimented notion of time (ex. they don't feel compelled to always be on schedule
Emirati culture values collectivism. Business need to adapt to this dimension by choosing relationships, trust over the actual task
"Yes" does not actually mean yes in Emirati culture
Role Government Plays in International Business
On March 15, 2004, U.A.E signed a Trade and Investment Framework Agreement (TIFA) with the U.S.A to provide a formal framework for dialogue on economic reform and trade liberalization
U.A.E president and head of state Sheikh Khalifa is also chairman of Abu Dhabi Investment Authority, which manages $875 billion in assets, the largest amount managed by a nation's head of state in the world.
Why Choose U.A.E?
An open and growing economy
Global Competitiveness Report 2017-2018 ranked U.A.E #17th on their list
U.A.E is an active member in the global aspect (ex a member of the WTO since 1996)
Cooperating with the GCC countries to do Free Trade Agreements with countries with stable economies
An educated workforce
Why Choose U.A.E?
Sufficient and reliable infrastructure
- Dubani announced to set up the world's largest wholesale city with an investment of AED 30 billion in March 2016
- The city aims to help the U.A.E acquire a significant share of the global economic sector, estimated at USD $4.3 Trillion
- It will provide logistical support that will fully link with 4 continents
Why Choose U.A.E?
A hospitable political and legal climate for business
- political stability
The U.A.E has been a successfull constitutional monarchy since its formation in 1971
Member of various peace-promoting organizations (ex the UN)
According to the Global Peace Index 2016, the U.A.E is the third most peaceful country in the Middle East
Why Choose U.A.E?
Social stability
The U.A.E provides a safe, favourable living condition and quality of life
The Emiratis culture emphasises on tolerance in the society, so foreigners doing business in the region will feel accepted and welcomed
With 110 crimes, the U.A.E had one of the lowest level of violent crimes in the world in
The U.A.E ranked 9th among countries with lowest crime rates and 4th concernign assault offences in general
Why Choose U.A.E?
The BEST place to establish a business!
According to Doing Business 2017. the U.A.E scored #26 globally and #1 regionally, sub indices include: Starting a business - 4th rank, enforcing contracts - 1st rank, getting electricity - 1st rank
The U.A.E maintains protection of intellectual property rights, trademarks and it had enforced laws against piracy
The U.A.E signed major business international treaties to encourage business and foreign investments
It maintains tightened export control laws to prevent the movement of illicit goods as per Federal Law No. 13 of 2007 concerning Goods Subject to Import and Export Control
A government open to trade
Why U.A.E
By sheeza aziz
Why U.A.E
Gr12 international business course culminating project. pitch a country for a fictional company "Goodies Inc." to expand to
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