UAE AT A GLANCE

SUBMITTED BY
CHITRA-70
SONAL-109
SHUBHAM-108
SHREYA-107
AKSHAY-65

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Table of Contents

CHAPTER 1 3

INDIA-UAE TRADE TIES 11

FDI Inflows from UAE 12

India’s Imports from UAE 13

THE CONSTITUTIONAL SYSTEM 17

POLITICAL IDENTITY 18

WORKING OF POLITICAL SYSTEM 18

KEY DEVELOPMENTS IN POLITICAL SYSTEM 19

UAE’S FOREIGN POLICY 19

UAE SOFT POWER COUNCIL 20

RELATIONSHIP OF UAE WITH REST OF EMIRATES 21

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 Chapter 1
Dubai Economy

Dubai is a vital vacationer spot and its port (Jebel Ali) operates at the center of the exporting
change in the Middle East. With the introduction of the Dubai International Financial Centre
(DIFC) in 2004, it has allowed Dubai to enhance as a world hub for provider industries such as
IT and Finance. Dubai is the 2nd wealthiest emirate in the UAE, after Abu Dhabi which is the
capital state. Most tourists trust Dubai’s revenues came in particular from oil but in truth it solely
used a moderate amount of oil reserves to generate the infrastructure for trade, manufacturing
and tourism in order to construct up Dubai’s economy.
Being one amongst the one of the favorite traveler destinations in UAE, urban center has seen an
amazing amendment in its economy within the past fifty years just about a number of the
foremost investments in urban center are mostly affected because of the recession that hit the
worldwide market within the recent past.
Dubai's economy was engineered on the rear of the industry, most of the city's banking and
money centers headquartered within the port space and repair industries got mostly affected as
Dubai's property market baby-faced a serious downswing somewhere throughout 2008-2009 as a
results of the fastness economic climate.
Dubai is a world IT hub that serves service industries akin to Finance and IT. Urban center net
town. Media town forms the TECOM (Dubai Technology, Electronic Commerce and Media
country Authority), that is AN district WHO homes well-known IT companies akin to EMC
Corporation, Microsoft, Hewlett-Packard, Dell, Oracle Corporation and IBM, and media
organizations akin to BBC, MBC, CNN.
Before the invention of oil within the Fifties, the region's economy was driven primarily by
peregrine farming, feather palm cultivation, fishing, pearling and seafaring.
UAE's Ministry of Economy, the calculable value for 2014 at current costs amounted to AED
one.46 trillion and therefore the contribution of non-oil sectors to the economy reached 69%.

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With a tremendous rate of 1% in 2014, urban center has once more became one amongst the
quickest growing economies within the world. Urban center has trade relations with multiple
countries within the world.
Business enterprise has emerged as a vital facet to spice up the country’s economy supported its
traffic in 2013, urban center was the seventh most visited countries within the world and it's
being expected that urban center can accommodate over fifteen million guests by 2016.Urban
center has additionally surfaced because the looking capital of the center East. Urban center is
competently named because the ‘City of gold’, because the town homes nearly 250 gold outlets.

GDP STUDY
Dubai ranks first in the Arab world and fourth globally in terms of economic performance.
The Dubai Competiveness Office of the Department of Economic Development – ranked Dubai
ahead of Canada, Japan, Singapore and Hong Kong, as well as all EU countries.
Dubai is ranked first in several categories, including gross domestic savings (percentage of GDP)
and employment growth, and second in export of goods, low employment rate and youth
unemployment.
The emirate has also ranked third in employment (percentage), exchange rates, export
concentration by partner, export of goods per capita, as well as fourth in terms of GDP per capita
and tourism receipts.
Dubai also leads on a number of indicators including direct investment flows inward, forecast
inflation, ‘government consumption expenditure - real growth’, export concentration by partner
and tourism receipts.
The report has also ranked Dubai first among Arab countries – and nine globally – in direct
investment flows inward (6.42 percent of GDP) with a stock of $73.8 billion, ahead of the United
States, Australia, Canada, Germany, France and China.
Dubai has also ranked second in the MENA region and twelfth globally in foreign direct
investment abroad (4.51 percent of GDP) and a total stock of $28.8 billion.
Dubai Competiveness 2018 report compared the emirates with 63 economies around the world
based on 346 different competitiveness indicators.

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 FOREIGN DIRECT INVESTMENT
The Dubai Investment Development Agency has signed an agreement with the city of Los
Angeles to drive foreign direct investment into the emirate.
Growing focus on the America as a major source market for investment and trade into the UAE,
Dubai FDI, the investment development agency of the Department of Economic Development
(DED) in Dubai announced the signing of a memorandum of understanding.
The deal was signed by Fahad Al Gergawi, CEO of Dubai FDI, and Stephen Cheung,
president of World Trade Center Los Angeles on behalf of Los Angeles for International
Relations.
The two cities will also collaborate in the transfer of knowledge and expertise by organizing joint
events including exhibitions, conferences and business missions in both the cities.
Los Angeles is the third largest metropolitan economy in the world, with a population of 10
million and with a GDP of over $700 billion.
Dubai Foreign direct investments efforts aimed at attracting sustainable foreign investment to the
country to increase and diversify economic activities based on productivity and innovation.

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 DUBAI’S MARKET STRUCTURE

Dubai is the 44th best financial city in the world. The organization also ranked Dubai in the 33rd
position in the list of the richest cities in the world. The city is known as an international
financial centre. The economy of Dubai stood at US$ 46 billion in 2006.
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The global economic downturn impacted the construction sector of the city severely. The oil
industry had been the backbone of Dubai’s economy for decades. But owing to a fall in its oil
reserves, the contribution of petroleum and natural gas was less than 6% of the gross domestic
product of the emirate. The Dubai’s Financial Market (DFM), which is a secondary market to
support trade of bonds and securities at the national and international level, with a trading
volume of 400 billion shares by 2006.
The tourism of Dubai is an important contributor to the GDP. Top class infrastructure and
widespread transport links of the Emirates Airline offer a big boost to the growth of Dubai’s
economy.
The Dubai has left the other gulf cities behind in its expanding non-oil sectors. Nullifying the
projections of the International Monetary Fund (IMF), it has managed to achieve GDP upwards
of 16% in 2007. The economy was driven largely by mounting oil prices and expansion of the
non-oil sectors.

GROWTH DRIVERS

Trade, tourism are the main drivers of UAE’S growth. The partial recovery in oil prices coupled
with an ongoing all-out diversification drive and the landmark tax reform, will help the UAE
economy to gain increased momentum in 2018 to register 3.3 per cent growth.
An expected slowdown to 1.7 per cent in 2017, such a vibrant pace of growth predicted for 2018
signifies a virtual turn around for the economy with a two-fold growth.
The Ongoing fast-track diversification aimed at further reducing reliance on crude oil revenues
will better place the UAE to entrench itself from further volatility in oil fortunes, a 5% value

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added tax will help boost state revenues by Dh12 billion per annum, adding about 1.5 to 2 % to
GDP.
Abu Dhabi's GDP growth is expected to pick up in 2017 to 3.9 per cent and 4.7 per cent in 2018
outpacing the overall UAE's GDP growth rates over the same period respectively.
In Dubai, as the economy diversifies in line with Dubai Plan 2021, GDP growth is expected to
grow 3.2 per cent in 2017 and begin to strengthen in 2018 up to 3.5 per cent.

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 Chapter 2
Contemporary India-UAE Trade relation

INDIA-UAE TIES
As we know trading relation between India and UAE have existed since prolonged. multiply
Indo-UAE economic and commercial relations contribute precious stability and strength to
bilateral relationship between the two countries. The UAE adore a broad and comprehensive
economic relationship with the India, based on common interests.

The current bilateral trade volume tells that this is exciting period in the history of UAE-India economic
relations. Behalf of indian government UAE is India’s top trading partner for the financial year 2008-09,
simultaneously The UAE government figures & data shows India as their top trading partner in 2008.

Indian exports to UAE mainly involve gems and ornaments, vegetables, fruit, spices, engineering goods,
tea, meat and its preparations, rice, textiles and apparel and chemicals. Indian imports from UAE mainly
involve crude oil & petroleum products, gold & silver, pearls, precious and semiprecious stones, metal
ores & metal scrap, electronics items and transport equipment.

UAE outlay in India is also witnessed a significant growth and development in recent years. UAE has
invested over USD 5 billion in India through FDI (Foreign Direct Investment) and FII (Foreign Institutional
Investors) routes which makes UAE is one of the top notch investor in India. The big UAE companies
invested in India are DP world, Emaar Group, Al Nakheel, ETA Star Group, SS Lootah Group, Emirates
Techno Casting FZE, RAK Investment Authority, Damas Jewellery and Abu Dhabi Commercial Bank.

India comes third largest investor in UAE. Indian big companies like L&T, Punj Lloyd, Hinduja Group,
Pioneer Cement, Oberoi Group of Hotels, have snare projects in the UAE. backing the emergence of UAE
as a major re-export centre, Indian companies have occurred as important investors in the free trade
zones such as Jebel Ali FTZ, Sharjah Airport, Hamariya Free Zones and Abu Dhbai Industrial area.

The remarkable reason of powerful Indo-UAE economic ties is large number of expatriate Indian
population in UAE. Almost 2 million Indian expatriates presently live and work in the UAE, comprising
more than 30 per cent of the national population and constituting the Emirates’ biggest expatriate
group. The expatriate community also contributes to Indian economy. The total allowance to India from

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the UAE in 2008-09 were about USD 10 -12 billion, which is around one third of all the total allowance
from the GCC countries to India which is going around USD 32-25 billion.

Air Links between two countires

There are almost 475 flights per week between disparate destinations in India and UAE, shared by
Emirates, Etihad, Air Arabia, Kingfisher, Jet Airways, Air India and Air India Express. Out of this three UAE
national airlines (Emirates, Etihad and Air Arabia) operate around 304 flights per week which represents
approximately 64% of total flights operated in this sector.

India and United Arab Emirates have Air Services Agreement (ASA). The harmony allows both the
countries to designate any number of airlines for operation of mutually agreed services for which the
respective country shall grant appropriate authorization and permission.

Although the two countries, India and the UAE eventually turned into their own independent nation-
states with wider international trading accomplices, both the countries still offer a profound connection.
Today, Indian migrants make up the highest ethnic group in the UAE, with more than 2.5 million
economic migrant workers of Indian origin living in the nation today. This makes the entire population of
the UAE just about 27% Indian! The two nations have substantially more in common than regularly
conceded by the two sides, as seen in the mixing of language, culture and food. In fact, many words in
the Arabic Emirati dialect stem from Urdu or Hindi and some of what is considered to be ‘traditional’
Emirati food is known by numerous to really have Indian origins!

Figure 1 source:issuu.com

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INDIA-UAE TRADE TIES

With trade touch $75 billion, the UAE and India have brawny ties built up over generations of trading
and commerce.

Figure 2 source: gulfbusiness.com

Countries in the Middle East had strong political and economic relationships with India for centuries.
This included people-to-people contacts, as well as barter of textiles and spices from India for dates and
pearls in the region. Sharjah and Dubai were the main hubs for trade with the Western coast of India
and, in particular, the Malabar Coast.
Dubai has traditionally provide as an entrepôt for trade between the Middle East and the Indian
subcontinent, with trade entirely dominated by merchants in the gold and textile sectors.
In Today era , India is Dubai’s number one trading partner, with commodity worth almost Dhs206 billion
traded in 2011. while the first quarter of 2013, Dubai- India total trade was valued at almost Dhs40
billion,” said Hamad Buamim, director general of the Dubai Chamber of Commerce.
For viz, as of 2011, Dubai Chamber had around 21,000 Indian companies registered with them. The
Sharjah Chamber had 9600, Ajman Chamber around 2600, Ras Al Khaimah over 1700, and the Jebel Ali
Free Zone around 700.
AGREEMENTS GALORE
All over UAE free trade negotiations are along out within the framework of the GCC. A Framework
Agreement on Economic Cooperation between India and the GCC was signed on 25th August, 2004. In
this agreement between both the parties considered ways and means for enlarging and liberalising
trade relations and initiating FTA feasibility.

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The initial round of trade negotiations were held in Riyadh in March 2006. While this round, GCC
agreed to involve services, goods, as well as investment and general economic cooperation in the GCC-
India FTA. The another round of negotiations were held in Riyadh in September 2008. The Proposed
Tariff Liberalisation Schedule was discussed while this round.

COMMUNITY DEVELOPMENT
Dubai has traditionally been a popular base for many enterprising Indian businessmen and traders. The
Indian community is the largest in the UAE, in terms of population as well as business. In turn, Indians
have contributed significantly to the economic fabric and business community of Dubai.
The Indian Embassy based in Abu Dhabi estimates that the Indian community in the UAE numbers 1.75
million people, constituting around 30 per cent of the total population. Rough estimates suggest that 50
per cent of these are skilled and semi- skilled workers, and the other half are entrepreneurs,
professionals, and service industry support staff.
“The first private hospitals and schools in the country were owned and managed by Indian businessmen.
They have also played a role in the arts and culture through their patronage and financial support,” says
Dr. Mahate.
For instance, between 2009 and 2012 Dubai Chamber’s Indian membership rose 41 per cent, to 24,566
in 2012, after rising around 12 per cent each year
WAY FORWARD
he UAE and India have a multi- dimensional partnership. While trade and oil continue to lead the
economic ties between the two countries there exists emerging synergy in the new investment areas
like infrastructure, ICT, and food processing.
With the liberalisation of key sectors in India like telecommunications, housing and real estate,
construction, petroleum and natural gas, there are increasing opportunities for UAE investment into
India.
“Now India and the UAE have a huge opportunity to expand on their economic synergies to build even
stronger growth momentum. The opportunities extend beyond the buyer seller relationship to a
partnership level, involving joint ventures and transfer of technology arrangements, which can benefit
both economies immensely,” says Buamim.
This is despite India’s current challenges posed by its fiscal and current account deficit. “We expect the
RBI to continue with its calibrated easing of monetary policy and reduce repo rates by 50 bps over the
next six months,” says Tim Fox, chief economist and head of research at Emirates NBD.
The recent reforms in India to boost FDI into the retail and aviation sector also offer huge potential for
the UAE. Abu-Dhabi based Etihad Airways is already in the process of acquiring stakes in Jet Airways.
Additionally, UAE- based retail giants like the EMKE Group and Landmark Group are expanding their
presence in India.

FDI Inflows from UAE

 Construction Development (12%)

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  Power (11%)
 Air Transport (9%)
 Hotel & Tourism (9%)
 Metallurgical Industries (8%)

India’s Imports from UAE

India is one of the most important trading partners of UAE. It imports around 9.8% of UAE’s
non-oil imports and 8.7% of the re-imports

Figure 3source:salaamgateway.com

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Figure 4source: financialexpress.com

India’s Top Imports from UAE in 2017

India and the United Arab Emirates enjoy strong bonds of friendship based on age-old cultural, religious
and economic ties between the two nations. The ranking of India’s share in world trade 2017 is 14
(imports) and 20 (exports), while UAE rank 17 (imports) and 16 (exports). authentic report on India-UAE
bilateral trade shows that India’s total imports from UAE amounted to USD 17593 million and India’s
total exports to UAE amounted to USD 23347 million from January to September 2017. And so, bilateral
trade value between both the countries stood at USD 40940 million in the said period. Let’s have a clear
picture of trade between India and UAE and analyse their business relations.

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India’s Top Exports to UAE in 2017
India’s exports to the UAE are well diversified with a large place. India’s major export products
to the UAE are – Petroleum Products, Precious Metals, Stones, Gems & Jewelry, Minerals,
Food Items including seafood, meat, tea, fruits & vegetables, sugar, cereals, etc

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 Chapter 3
Political System of UAE

Political system of UAE describes political structure, laws, rules and regulations, practices that
are implemented in UAE which build relationship between state and society. Legislative issues
of the United Arab Emirates happen in a system of a government, presidential, and an outright
government.Dubai Government works under the system of constitutional monarchy having a
place with the alliance of United Arab Emirate. Dubai which is situated in the Middle East at the
southern piece of Arabian Peninsula, is one of the seven emirates by and large known as United
Arab Emirates (UAE). Alternate emirates of UAE are Abu Dhabi, Ajman, Fujairah, Ras al-
Khaimah, Sharjah, and Umm al-Quwain and every emirate shares some locale over the issues of
law requirement inside a government system by the constitution of UAE received in 1971. The
veto control controlled by the main two emirates of UAE, to be specific Dubai and Abu Dhabi is
the thing to be depicted here in respects of Dubai Government.

Before its consolidation as an emirate in year 1971, Dubai and different emirates of UAE were
known as the trucial states as a result of the arrangement marked between the British rulers and
Arab Sheikhs. Every one of the pioneers of seven emirates constitutes the Supreme Council and
the forty-part Federal National Council (FNC) is spoken to by the eight individuals from Dubai.
The FNC is the preeminent administrative body to survey every one of the laws overseeing the
UAE. The Government of Dubai along with another emirate Ras al Khaimah are the two
emirates that don't take after the elected court arrangement of the United Arab Emirates.

The present ruler of Dubai Mohammed Bin Rashid Al Maktoum (from the Al Maktoum line who
is administering Dubai since 1933) is likewise the Prime Minister and the Vice President of UAE
and an individual from the Supreme Council of the Union (SCU).

The Constitutional System

The constitution of UAE follows fundamental law of its states. It was established in December
1971 and permanently accepted in May 1996. It is federation of seven emirates and separates

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powers into executive, legislative and judicial branches. UAE’ s constitution is written in 10
parts and has 152 articles and it celebrates the formation of Union as National Day.

Political Identity
UAE has its own flag which consists of Pan – Arab colors- red, green, white and black, its
national anthem. It is recognized by United Arab Emirates worldwide. It consists of seven
emirates:

 Dubai
 Abu Dhabi
 Ajman
 Ras Al Khaimah
 Ajman
 Umm Al Quwain
 Fujairah

Working of Political System

The political framework depends on the Constitution which clarifies the primary tenets of the
political and protected association of the nation. The Constitution exhibits the principle reason
for the foundation of the league and its targets at the nearby and territorial levels. It ensures all
UAE residents level with rights and openings, wellbeing and security, and social equity.

The Constitution has 152 articles setting up the premise of the UAE and the privileges of
nationals in ten territories that are:

 The alliance, its electorates and central points

 The crucial, social and financial premise of the organization

 Public opportunity, rights and obligations

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  The government specialists

 Federal enactments, declarations and experts in control

 The emirates

 Allocation of enactment, official and universal locale

 Armed powers and security powers

 Final and transitional arrangements

Key Developments in Political System

From past many years, UAE is continuously taking effective steps to develop its political system,
made it more open to the needs of monetary requirements of nation and ensure that UAE’s
population would adapt to the difficulties of worldwide improvement. Public participation is also
encouraged regularly in UAE as 2006 election of Federal National Council led to the creation of
Electoral College which acted like a landmark step. All along 40 members got selected between
1972-2006 in which 20 is given by FNC while other 20 is nominated by the rulers of respective
emirates.

Further in 2008, an act was passed by Supreme Court which talks about the empowerment of
FNC and to expand its scope and coordination with cabinet.

UAE’S Foreign Policy

UAE foreign policy is centered on the need of justice in international dealings across states. It
includes the principle of peaceful resolution of the disputes, minimum interruption in the internal
affairs of other countries, being unified at international level. In a few events, H.H. Sheik
Abdullah canister Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation,
complimented the key part of UAE diplomats abroad, commending their endeavors in improving

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respective relations between the UAE and different nations on the planet, and the advancement
such relations witness. He likewise communicated thankfulness for their endeavors in advancing
the strategic execution, and attesting the significance of proceeding with take a shot at a similar
level.

UAE has joined the United Nations and the Arab League and has set up political relations with in
excess of 60 nations, including China, South Korea, Japan, Pakistan, Russia, India, Nepal,
United States, and most Western European nations. It has assumed a direct part inside the
Organization of Petroleum Exporting Countries (OPEC), the Organization of Arab Petroleum
Exporting Countries (OAPEC), the United Nations, and the Gulf Cooperation Council (GCC).
The UAE trusts that the Arab League should be rebuilt to wind up a reasonable organization, and
might want to expand the quality and interoperability of the GCC safeguard powers for future.

UAE Soft Power Council

The arrangement of the UAE Soft Power Council means to help the nation's National Agenda
and construct the UAE's situation as a worldwide case of authority and greatness. It tries to
strengthen the nation's position and merge its estimations of regard and gratefulness with
governments and nationals over the world.

Parallel to its financial and military quality, the UAE's long-haul plan is to advance a solid
rational universal arrangement, assemble strategic connections and present and impact the UAE's
way of life, values, history, learning and vision to all.

The UAE Soft Power Council will report specifically to the UAE Cabinet and will be responsible
for the accompanying errands:

 characterizing a complete system to strengthen the nation's situation with governments

and natives over the world
 presenting a coordinated national system that combines the parts of both the general
population and private segments in accomplishing delicate power
 building up a delicate power methodology for the state, incorporating into the fields of
science, culture, innovation, helpful work and economy

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  looking into all enactment and strategies that influence the UAE's status and notoriety in
all the vital nations
 giving advice and reference on delicate power activities
 securing the nation's accomplishments, aspiration and achievements in science, culture,
expressions, tourism, exchange, philanthropy and different parts provincially and
universally.

Relationship of UAE with Rest of Emirates

It was the most unobtrusive of signals, however thinking back, numerous in Dubai consider it to
be an indication of their salvation.

Recently at the opening of the Dubai Airshow as of late, the crown sovereign of Abu Dhabi,
Sheik Mohammed container Zayed al-Nahyan, put his hand over the hand of Dubai's ruler, Sheik
Mohammed receptacle Rashid al-Maktoum. That was broadly seen among individuals here as a
sign that Abu Dhabi, by a wide margin the biggest and most extravagant part condition of the
United Arab Emirates, would deal with Dubai.

The inquiry is whether that implies Abu Dhabi will utilize its riches to salvage Dubai, the
profoundly obligated emirate that shook world markets when it said a week ago that its main
venture arm, Dubai World, would not have the capacity to pay its obligations on time.
Since Dubai now-a-days seems to be in bit clings with Abu Dhabi. Dubai is audacious and
secular upstart of seven emirates and Abu Dhabi always known as a preservative, pious elder
brother. Obviously, the situation of debt crisis has led to the speculation that Abu Dhabi will look
out for conditions for bailout counting for a stake in the conspicuous Dubai venture like
Emirates. Statement declared by Central bank on Sunday made it precisely clear that it would
provide support for domestic and foreign bank operating in Emirates, though it did not mention
about Dubai, which is in $59 million debt.

Analysts said that the announcement wouldn’t be sufficient enough to mollify the fears that
Dubai government could default on the part of its sovereign obligation. It is also believed that
Dubai is a victim of media disruption. But Dubai citizens showed up courage and stand by

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saying that there is not such much tension to get worried about future. They believe on their
ambassador and ensure that obviously he would solve every problem. According to analyst due
to rich source of oil available in Abu Dhabi’s abdomen will easily wipe out Dubai $59 million
debt crisis. Overall sustained growth of Dubai and development can be a positive factor for the
economy of whole UAE and moreover it can provide the stimulus to UAE to drive faster towards
its economic growth.

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 Chapter 4
Dubai Tourism

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Dubai’s Department of Tourism & Commerce Marketing (DTCM) is the official tourism board
and government body responsible for regulating, planning and licensing the city’s tourism and
hospitality industry.

The DTCM is headquartered in Dubai but also maintains offices in many of the world’s biggest
cities (London, New York, Tokyo, Beijing, Moscow, etc).

Visitors to Dubai who need information to explore can get the brochures, public transport
schedules and tour guide’s advice and can also visit the DTCM’s information bureaus.

Key Drivers

The hospitality industry of Dubai has been contributing significantly to the growth of Dubai’s
economy. Tourism sector of Dubai has emerged as an important contributor to the economic
growth of Dubai. Dubai has become one of the major tourist destinations within the map of
global tourism.

Every year huge number of tourists from all over the world comes to visit this city. Dubai has
been attracting business people, shoppers as well as tourists on account of its status of being a
politically and economically safe place and the increasing relevance of the region (Kumar, 2011;
Dubai Chamber, 2014).

According to a report published by Dubai Department of Tourism and Commerce Marketing

(Cited in Travel and Tourism News Middle East, 2010), the year of 2010 had experienced a huge
growth in tourism in the emirate. For example, the first half of 2010 had registered a growth of 9
percent in the number of hotel guests compared to that during the first half of 2009. According to
a report of Dubai Chamber published in 2014, the year 2012 had experienced an annual growth
of around 17 percent in the hotel and restaurants sector of Dubai thereby making this sector the
highest growing sector of Dubai’s economy (Dubai Chamber, 2014). Till now, the tourism sector
of Dubai has been maintaining the growth momentum in its tourism sector. According to a recent
report published in ZAWYA in the web portal of HSBC Global Connections, the first half of
2014 registered significant growth in the hospitality sector of Dubai. The number of visitors

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during the first half of 2014 stood at 5.8 million, while the number was 5.5 million during the
first half of 2013. There has been steady growth in hotel sectors with 6.7 percent increase in the
number of hotels and 4.2 percent increase in the number of hotel apartments in the first half of
2014 while comparing with the first half of 2013. Another interesting point made by Department
of Tourism and Commerce Marketing (Cited in ZAWYA, 2014) was that increase in the length
of stay of visitors has been one of the major drivers of tourism growth in Dubai.

Along with growth in hotels and hotel apartments, average room rate has also shot up in Dubai.
During the first five months of 2014, average room rate in Dubai was around US$305 which had
been US$296 during the first five months of 2013 (ZAWYA, 2014). The occupancy rates in
hotels have also been amazing in the recent time with the first six months of 2014 recording an
occupancy rate of 85 percent (ZAWYA, 2014).

KEY ATTRACTIONS:

BURJ KHALIFA:

Since its origination within the year 2010, This 828 m Burj Khalifa building has drawn attention
of tourists from everywhere the planet. Port has been the sole town within the world that has
such tallest premise with a gorgeous summary. It's referred to as the guts and soul of the port
town. This building has 163 floors with world’s highest observation deck on the 148th floor, so
as to own a prodigious expertise, one will prefer to eat the eating place and lounge. .
At its base, one will get to ascertain a hub of recreation, dining, Dubai mall, Musical fountain
and humungous things that adds to its beauty and significance.

THE DUBAI MALL:

They show “Revel in traverse at the soil’s largest shopping pedestrian way”. The Dubai
Shopping mall including whacking big as the quarters for Dubai shopping sumptuously is
conformably on the uncompromised of match up in the thorough world to save of its
infrastructure, facilities, area and location. Shopaholics undertake massive recognize and they
rejoice visiting this choice. It is a virtuous level focus on target for shopping, lark and inch crude
turned come to world’s tallest building – The Burj Khalifa. It has renounce 1200 trace victual

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dominant its hypothesis and covers area of more than one million sqm. It’s apart from backstage
beguilement target by inculcating in it The Dubai Aquarium and Underwater Zoo. It’s a place for
yon obliging of generations.

DUBAI WATER CANAL:

It is a 3.2 Km way widespread unfamiliar the Rivulet in Aged Dubai not later than business Bay
making its way to Arabian Gulf. The Sluice was roguish opened in 2016. The strange
legitimization get-at-able for the Pty or tourists who harmonize for the withstand and far-ranging
pulchritude are Hotels, Restaurants up 450 in number, Shopping Centre, Walkaways, recycle
paths and Luxury Housing. Object of of walkaways and cycle paths, Train origin supervise, walk
or cycle along 6.4 km waterfront on either side of the canal.

DESERT SAFARI:

This is a get step to consent to in Dubai if a given is sojourning the city. The suit unite options
for you to close by on this incident – Morning Relinquish Safari origination newcomer disabuse
of 8:30 am to 11:30 am, Twilight Surrender Safari onset from 4pm to 10pm, Overnight Desert
Safari beginning from 4pm to 9am. Hither these rides figure on Stack Bashing, Camel ram, BBQ
luncheon, Spunk ski, camping overnight, Shisha, etc as per the time slots and packages chosen
by the people

DUBAI CREEK:

Aged profession Routes – step under old Dubai’s Winding Waterways and Souks. Nothing can
make a greater amount serene over bringing a ride once an accepted abra encompassing
everywhere the water. The stream partitions Dubai under two territories – the Deira side and the
pod (old Dubai).

JUMEIRAH BEACH:

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A Palm formed Island – artificial Island. It's Associate in Nursing unconscionable success if we
are saying something created by humans during this world. Jumeirah Beach is a man-made
island that has been design as a palm. Swimming in or take Associate in Nursing invigorating
stroll on the golden sands of the Jumeirah Beach within the background of the world-renowned
and ultra-luxurious Burj Al Arab building.

BENEFITS OFFERED BY UAE GOVERNMENT:

DTCM mission is “To position Dubai as the leading Tourism destination and commercial hub in
the world”.

DTCM is the principal authority for the planning, supervision and development of the tourism
sector in the Emirate. As part of marketing role, DTCM plans & implement an integrated
programme of international promotions & publicity activities. This programme includes
exhibitions, participation, marketing visits, presentations & road shows, assisted visits, media
relations and enquiry information services.

 Tourism trade contributes just about twelve of UAE’s gross domestic product and since
of this reason, The UAE government provides previous importance to the current trade.
 Flexible visa laws:
Exempting Transit passengers from all entry fees for the primary forty eight
hours.
 Between July fifteen and Gregorian calendar month fifteen once a year, UAE is giving
visa-free visit dependents below eighteen years UN agency square measure incidental
adults
 Reduction in Municipality Fees - from four-dimensional to twenty
 Reduction in touristry fee applied to hotels and shops – From 6 June 1944 to three.5%
Citizens of the Republic of Asian nation UN agency square measure holders of traditional
passports with a six-month, or more, valid positive identification or visa issued by the
United States of America shall be granted entry visas to the UAE from all ports for a

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 amount of fourteen days, subject for one renewal for identical amount upon payment of
applicable fees.

REFRENCES

 https://www.thenational.ae/uae/cut-in-hotel-tax-to-help-uae-s-tourism-industry-compete-
with-europe-1.741974
 https://www.visitdubai.com/en
 World Travel & Tourism Council. (2012). Travel & Tourism Economic Impact 2012
United Arab Emirates. [online].
 ZAWYA. (2014). Trend in Dubai Tourism Industry. [Online]. HSBC Global
Connections. Available at https://globalconnections.hsbc.com/uae/en/articles/trends-
dubais-tourism-industry [Accessed on 6th January, 2015].
 Dubai Chamber. (May 5, 2014). Dubai Chamber analysis forecasts strong growth in UAE
tourism sector. [online]

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 Chapter 5
Dubai food Industry

The Food industry is most important industry and have many divarication in this that supplies
most of food for the world. The farmers are one who depends upon the growth and considered to
be scope of the food industry.
Food industry includes -:
 Agriculture and sea foods
 Manufacturing of farm machinery, seeds.
 Food Processing- manufacturing of food product
 Marketing of food products
 Food distribution
 Food services
 Research and development in food technology
The food industry includes broad range of products
like consumer goods, animal food, food ingredients
etc. rather than this it also includes packaging,
retailing, packaging and distribution. Today’s food
industry is very much diversified with high product
range from smaller products with small capital and
larger product with large capital. Earlier the food
industry mostly depended upon agriculture or fishing
as the production depends upon the seasonal factor.
But later after the implementation of technology a lot
get changed in this industry. The processing
technology get better also the prevention technology
upgraded which have prevent the spoilage of food.

Food Industry world

The revenue generated by this industry in worldwide amount to US$90,173 million in 2018. The
annual growth rate expected to be (2018-2022) of 11.04% in the whole economy. Food industry
is one of the largest industries resulting market volume of US$138,905 million by 2022. If we
compare globally China generated most of revenue in food industry. And India is the second
largest revenue generated market in this industry. The user dispersion is increasing day by day.
Currently this is 20.3% which it is estimated that it is going to increase 26.3% by 2022.

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According to Food Engineering annual report Nestle
is the world’s top food companies having total sales
of US$72245 million in the year 2014. The E-
commerce of food industry is also increased in last
past years. It contains online sales of fresh and
packed foods. This market also covers sale of fruit
and vegetable, snacks, sweet, frozen food etc. The
supermarkets started their own online portal or
website for selling of the food products. This
channel become one of the most important channels
for those large supermarkets for example
Walmart.com. The growth of the e-commerce food industry was $6 billion in 2013. The growth
forecast of this industry is also very high.

Food Industry of Dubai

Dubai has lively and welcome culture having a lot of tourism with restaurants popping up in
every corner. Most of the food and beverages
products are imported to fulfil the domestic
demand. The food products imported by Dubai is
between 80%-85% in worldwide. After
enhancement of export and reduction of
import dependency the food sector of Dubai
turns to be important sector. Frost and Sullivan
forecasts the development and volatile growth of
the Halal food industry as a Mega trend. The
food industry of the UAE includes following
sectors: -
 Production of meat and meat products
 Dairy products
 Refined sugar and vegetable oils
 Bottled water

Dubai imports mainly farm supplies, Animal feeds

and seeds. Only agricultural equipment and fertilizers
are manufactured in Dubai. Since 80’s Dubai is in

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food processing and this sector is growing significantly. The reason behind the growth of this
sector is strong FDI inflow. Dubai industrial city is expanded in 6-million-sq-foot where the
main focus is expansion of Halal Food industry. Dubai main vision is to become the global
capital of the Islamic economy and increase awareness of Halal food industry. Halal food are
those food which are described in Quoran for Muslims.
Logistic operation which is also part of food industry plays a major role as Dubai imports over 3
quarters of food and beverages. According to a report the total production of food organized is
more than 10 million ton includes domestic production and imported foods in this 3.27 million
tons get wasted. This wastage of food implies Dubai to get focused on intelligent food logistic to
maximize asset utilization and minimise the wastage.
Innovation in technology increases the quality of food. And now aware consumers demand high
quality food so Dubai is adopting various innovative methods increase the quality of goods.
Many methods like indoor vertical farming, Hydroponics helps to increase the domestic
production. The Gulf
Cooperation Council’s (GCC)
first indoor vertical farm is
practiced in A Quoz in Dubai.
The UAE is expected to become
fastest growing food market in
the GCC at a CAGR of 4.4%
during 2017-2021. The
production of in food industry is
about 47% of the national sector
of non-resource industry. The
expert said that this industry has
very high potential growth.

Volume of Investment
In general, total investment done in this industry is about 57% of the total investment of assets.
The growth in population in Dubai increases the demand of food products in the market. And the
growth of population is directly proportional to the development of the food industry. As
population is growing leads to increase in demand which will affect the food industry and it will
grow rapidly. As stated earlier that Dubai imports most of its food products, it imports not only
for domestic use but also re-export them. The development of food industry is contributed by
these factors-:
 Increase in demand of local consumer
 Taking benefit of the planned location and actual result in terms of international logistics
for the expansion of regional production.

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Development prospects

Food in Dubai remains the main uncertain part of the national interests. More than 40%
of total volume of food consumed is produced in domestic country. Poultry and meat,
agricultural products, groceries and milk products provides potential to UAE domestic
market. While according to a report the expected growth is mainly in meat products
market which is because of their tradition and high purchasing capacity of local
population.

Despite the fact that the import of livestock remains the main direction of business in the
main sphere of business, meat products, the meat products processing and packaging line
are actively developing in UAE. Main contribution of this sector is specialized free trade
zone which is effective result for logistic. In past decade the international manufacturers
were intend take the benefit of planned location in obtain to entree to human resource and
markets.

Now, the world’s largest producer of food products uses the UAE as a production base to
maintain the operative presence in the food sector of the Persian Gulf. Beside they ensure
that satisfaction of local demand for manufactured products. A vigorously developing
market and the growth of brands signified in UAE shows the thrilling competition among
the manufacturers and accordingly contribute to the improvement of quality pointers of
goods.

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