The United Arab Emirates is among the most surprising countries of the Middle East regarding their development over the last 30's years. This country previously knew as an oil producer, mainly with the capital of Abu Dhabi, has attracted the world thanks to a new luxury business hub, Dubai. This "economic capital" is dramatically changing the future of this state. "UAE underwent a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living" (CIA World Factbook, 2008). This transition has generated important economic, politic, technologic and social changes across all the country. Massive projects are under way, and it is representing only a few parts of the Sheikh's future strategy. The U.A.E is now a liberal and modern Muslim country that wants to show its success across the world.
[...] After the British withdrew in 1971, the federation of the United Arab Emirates was created, composed by seven emirates each controlled by a ruler (Dubai School of Government, 2008). Due to the collapse of the pearl market, the supreme council of rulers has chosen to start oil exploration and develop trade. This decision has transformed deeply the emirates to a modern country with efficient economy and strong social infrastructure The current economic profile The present situation is unexpected considering the past. [...]
[...] Indeed, the government have already invested huge amount of money in project like “Dubai Internet City” or “Dubai Silicon Oasis” (BBC, 2008) and several programs has been validated to create new technology research centre, IT schools and infrastructures (the United Emirates Information Technology Report, 2009). As argues Hugh, environment can be so uncertain that no amount of analysis will allow us to predict the future” (Harvard Business Review, 1997). Applying to a country scenario, this argument emphasizes the fact that even with key critical factors, pre-determined forces, trends and statistics, it is hard exercise to forecast what will happen and we need to keep prudence regarding the future. [...]
[...] Eurostat staff (2008) Evolution of the United Arab Emirates Trade Balance, Eurostat [Internet] Available at: [Accessed 3 December 2008]. Gulf News staff (2008) Cloud seeding experiment has thundering success, Gulf news [Internet] Available at: [Accessed 16 December 2008]. Internet World Stats staff (2008) Middle East Internet Usage & Population Statistics, Internet World Stats [Internet] Available at: [Accessed 9 January 2009]. Kannan, P. (2008) UAE a rare success story, Khaleej Times [Internet] Available at: [Accessed 2 January 2009]. [...]
[...] Indeed, it is an excellent opportunity for occidental to start seeking business in Arab markets (Kannan, 2008). The fact that the entire main multinationals have setup their head office there is a sign that support the future success of this business hub. On the other side, many Arab citizens came in UAE for the high living standards and wide range freedom and liberty compared to the other country of the Persian Gulf (Quarmby). By focusing more on country's trade attractiveness and economy growth, the social development will be affected in “Money First”. [...]
[...] In that respect, the current situation supports it completely in the fact that the Emirates country is one of the most liberal of the gulf (BBC, 2008) and has already the three fundamental properties of the traditional capitalism with freehold property to expats since 2002 (The Emirate Network, 2007), the price set in the markets determine economic decisions and the quest for profit as a motivation especially in the real estate industry and proved by the amount of the foreign investors. [...]
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