Transcript Environment
United Arab Emirates Economic Overview and Outlook Part-1 UAE COUNTRY BACKGROUND - Historical, Geographical and Political Overview 11/11/2010 2 • UAE BACKGROUND • UNITED ARAB EMIRATES - As A High Growth Market • DUBAI’S IMPORTANT STATUS WITHIN THE UAE • UAE SOCIAL BRIEF • KEY SECTORS • UAE SECURITY SECTOR OVERVIEW • UAE – EXTERNAL RISKS • UAE – FACTORS IMPACTING ON SECURITY • UAE – CRIME, POLICING & SECURITY • SECURITY SECTOR OPPORTUNITIES • DOING BUSINESS 3 UAE MAP 11/11/2010 International Export Colloquium 4 H.H. Sheikh Khalifa bin Zayed Al Nahyan H.H. Sheikh Mohammed Bin Rashid Al Maktoum PRESIDENT OF UAE VICE PRESIDENT OF UAE AND RULER OF DUBAI 5 UAE BACKGROUND • Federation of Seven Emirates • Situated in South West Asia on the Persian Gulf, bordering Oman & Saudi Arabia • Federal Capital – Abu Dhabi • World’s 7th largest oil reserves • One of the most developed economies in the Middle East • GDP of $46,000 according to IMF • 14th largest in purchasing power per capita • High-Income High-Growth Economy • Founding member of Gulf Co-operation Council (GCC) • Member of Arab League, United Nations, Organisation of the Islamic Conference (OIC) and the WTO 11/11/2010 International Export Colloquium 6 UAE AS A HIGH-GROWTH MARKET • In recent years, the UAE has seen unprecedented growth in all areas of the economy, particularly construction • Abu Dhabi has approximately 10% of the world’s proven oil reserves and 5% of the gas • Despite the recent financial issues regarding Dubai, the UAE represents significant opportunities for businesses. 7 DUBAI’S IMPORTANT STATUS WITHIN THE UAE Dubai is the region’s transport, trade, logistics, exhibitions and business hub Many international businesses have their Regional HQs in Dubai It has the most developed infrastructure of any MENA city It remains the centre of choice & offers a lifestyle unmatched by any other city in the region 8 UAE SOCIAL BRIEF The population of the UAE is about 8.5 million, and about a third of those live in Dubai Demographic: 11% local UAE nationals, 89% expatriate (Indians and Pakistanis constitute 60%) Dubai now hosts more nationalities than any other country in the world Very youthful domestic market 9 KEY SECTORS: MASS TRANSPORT • Dubai Metro • Dubai and Abu Dhabi Airports • UAE Ports 10 KEY SECTORS: CONSTRUCTION • YAS Island • Saadiyat Island • Raha Development • Masdar Project 11 KEY SECTORS: ENERGY & POWER • Abu Dhabi plans to increase crude oil productivity to 3.7m barrels per day by 2015 • This will require investment of around $20b into the sector • Opportunities in equipment supply, desalination, gas, energy related financial products and alternative energy • Four nuclear reactors, worth US$40 billion, to be operational by 2020 12 UAE SECURITY SECTOR OVERVIEW • Popular unrest and political violence are almost unheard of • Never experienced a major terrorist attack • Intelligence and security forces of Abu Dhabi and Dubai are effective • Comparatively low levels of both petty and violent crime • Federal structure can lead to problems of consistency, information sharing and co-operation among individual emirates • Land borders with both Saudi Arabia and Oman are porous and criss-crossed by smuggling routes • Coastline is also exploited by smugglers • The actual crime rate is difficult to measure due to the government’s policy of not releasing crime statistics • The federation also allows the US military extensive access to its facilities • Large-scale attacks are possible, but small opportunistic attacks on individuals/foreign interests pose the most immediate risk 13 UAE – EXTERNAL RISKS • UAE's territorial security is assured through defence agreements with the US and the UK • The federation has a very strong relationship with the US, with warships frequently docking at Jebel Ali port •The UAE’s relations with the rest of its neighbours remain largely positive 11/11/2010 International Export Colloquium 14 UAE – FACTORS IMPACTING ON SECURITY • Demographics • Development and training • Economic development • Infrastructure development • Crime • Natural resources and threats to supply • Political threats • Military/Security Cooperation 15 UAE – CRIME, POLICING & SECURITY Abu Dhabi Abu Dhabi Police Critical National Infrastructure Authority (CNIA) National Emergency and Crisis Management Authority (NCEMA) Civil Defence Dubai Dubai Police Civil Defence Northern Emirates Individual Police Forces Ministry of Interior Individual Civil Defence Forces 16 SECURITY SECTOR OPPORTUNITIES • Interoperability solutions • Crisis/Disaster Management • Command and Control • Business Continuity and Contingency Planning •Large number of business and sporting events • Plans for developing a rail network in Abu Dhabi • Safety and security for nuclear plants and other large infrastructure projects being developed in the UAE • Airports and Ports related security • Increased demand for security related products • Upgrading border control and immigration technology • Large companies have regional HQs in the UAE resulting in increased demand for sophisticated access control systems 17 DOING BUSINESS Dubai has a liberal, business orientated economy built on a strong history of trade. It has worked to encourage businesses to set up in the emirate by creating free zones, building up its infrastructure, and international transport links Dubai’s free zones have proved to be very successful, offering 100% foreign ownership and no taxes. The free zone at Jebel Ali which started in the 1970s has over 6000 companies, many others have followed Contact building and networking are very important. It takes time to build relationships with those you want to do business with, and many companies decide that having a permanent presence here is the only way to drive success 18