12 - 14 Dec 2018

About UAE

Photo source: holidayguru.ie

In July 1971, six of the trucial states (a group of tribal confiderations in the south-eastern persian Gulf), Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain and Fujairah agreed on a federal constitution for achieving independence as the United Arab Emirates. The UAE became independent on December 1971, Ras Al Kaimah joined the United Arab Emirates in 1972, these 7 emirates country make up the UAE. Abu Dhabi is the federal capital and the largest emirate. The country has a total landarea of 86,300 Km2 (32,278 sq. miles) with a population of approximately 9 million which is equivalent to 0.13% of the total world population.

Before oil was discovered in the 1950's the UAE's economy was a dependent on fishing and a declining pearl industry. But since oil exports began in 1962, the country's society and economy have been transformed. The UAE has diversified and has become a regional trading and tourism hub. UAE firms have invested heavily abroad.

The UAE's general trade volume from January to end of June last year surged to Dh784 billion ($213 billion) compared to the same period in 2016. It ranked 21st globally by the World Bank's Ease of Doing Business 2018 report and ranked top of the Arab countries for the fifth year in a row. Its non-oil foreign trade formed 68% of the total volume of general trade, valued at Dh535.5 billion. This growth reflects the importance of the country's position in the world trade exchange map and its leadership as a regional trade center.

The UAE will have achieved Education 2020 Strategy, Dubai Tourism Strategy 2020 and Masar project. It will have built 'The Tower at Dubai Creek Harbor' and be hosting Expo 2020. Between October 2020 and April 2021, Dubai will host the next World Expo 2020, which will have more than 180 nations exhibiting and welcome an international audience of 25 million visitors. The theme of Expo 2020 is 'Connecting Minds, Creating Future'. It recognises that generating sustainable solutions to global problems demands collaboration across cultures, nations and regions.

References:

https://en.wikipedia.org/wiki/History_of_the_United_Arab_Emirates

http://www.bbc.com/news/world-middle-east-14703998

https://government.ae/en/about-the-uae/uae-future