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The United Arab Emirates as a market

The Consulate General has for many years been assisting Danish companies in achieving their business goals in the region based on extensive knowledge of the political, economic, cultural and demographic situation. Here, you can read more about the environment surrounding the UAE market.  

The UAE has been through an astonishing transmission from an improvised region to a modern state with a high standard of living. Since the independence from the United Kingdom back in 1971, the UAE has experienced a radical economic transformation, and can pride itself as being one of the largest economies in the Middle East. Mostly, this economic progress is driven by the two dominating emirates Abu Dhabi and Dubai (the five remaining being Sharjah, Ajman, Umm al-Qaiwain, Fujairah and Ras Al-Khaimah).

 

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The UAE possesses the world’s seventh largest oil reserve and the economy was formerly highly dependent on export of natural resources. However, this dependency has been reduced by a focus on creating a diversified economy, and through the integration of a strong liberal trade policy attracting foreign trade and investments. This has resulted in a substantial population growth, a growing economy and thriving sectors of retail, construction, tourism, healthcare, energy and environment. 

The emirate of Dubai has today positioned itself as a commercial hub for foreign trade and investments in the Middle East due to its geographical and strategically good location, with massive re-export to Asia and Africa. Furthermore, political initiatives such as the Free Zones, which create lucrative business opportunities for foreign companies offering tax exemption, 100% ownership and office facilities, combined with an open political mind-set towards foreign business and cultures, have placed the UAE, and Dubai in particular, on the world map as the-place-to-be for business and investment.