Professional Documents
Culture Documents
COLLEGE OF BUSINESS
International Business
BUSN 407
Fall 2015-2016
Assignment
Business Environment in the UAE
Submitted to / Dr. Mohammed Rizwan Alam
Submitted by/ Eissa Abdulla Alhamadi
201330316
Section 4
Introduction
Business Environment is the combination of internal and external factors that influence a company's operating
situation. The business environment can include factors such as: clients and suppliers; its competition and owners;
improvements in technology; laws and government activities; and market, social and economic trends.
The UAE has a vibrant free economy, a significant proportion of its revenues arising from exports of oil and gas.
Successful efforts have been made to diversify away from dependence on hydrocarbons and a solid industrial base
has been created, together with a very strong services sector. The establishment of free zones has been an important
feature of this diversification policy.
In Dubai, hotels, office blocks, shopping malls and entertainment complexes are being developed rapidly and are
putting the Dubai property market on the world map. The trigger for much of this expansion was the Emirates
decision to allow non-nationals to purchase freehold property in several property developments such as Nakheels
development of The Palm, Jumeirah and The Palm, Jebel Ali, which are the latest residential island projects currently
in Dubai.
Features of business environment in the UAE
A coordinated infrastructure that provides all essential utilities to the major centers
Free-trade zones that ensure ease of registration and efficient operating facilities
An attractive social environment, including modern educational, medical and recreational facilities
Economic structure
General Oil, gas and related industries account for a substantial proportion of the UAE's exports. Other key sectors
include utilities, communications, construction, banking and financial services, manufacturing projects and tourism.
These sectors tend to be located in or near the major urban centers of Abu Dhabi, Dubai and Sharjah, and certain
designated industrial zones.
Recommendation
UAE Companies Law must be upgrade so that improve the competitiveness of the economy and performance
of the business environment in the country.
Strengthens the protection of shareholders, increases transparency and the disclosure of financial data.
Key sectors for investment must include petrochemicals, alternative energy, transport and infrastructure,
manufacturing, healthcare and education, defense and aerospace, real estate and construction, tourism,
agriculture and water
References
Business Reforms in the United Arab Emirates. The World Bank Group. November 13, 2013.
Dubai: world class infrastructure and a global hub for trade, transport and tourism. Forbes.com. Retrieved
November 17, 2013.
Economy Profile: United Arab Emirates. Doing Business 2014. 11th Edition. World Bank Group.
Euromonitor, 2013.