United Arab Emirates (U.A.E)

1. Geography

2. Demographics

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?

U.A.E's main transportation method is the sea.

Sea transportation is used in U.A.E's international business.

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

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

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

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

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.

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

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

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

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 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

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