Sunday, 14 April 2013

UAE Will Experience 9.5 Percent Growth Rate Year After Year

For the longest period of time, the world’s economy was dominated by the United States and Europe. Since the 1990’s, the emerging markets, such as India, China, Russia, Brazil and Africa, to name a few, have begun to make their presence felt on the world economic stage. While technically, the UAE, is not considered to be an emerging market, it is however, emerging as one of the leaders of the new global economy, as the Western and European nations work to rebuild their struggling economies.

The United Arab Emirates and other oil-rich countries in the middle east have been diversifying their economies in an effort to generate local prosperity and for the most part it has been working well. In the case of the UAE, the future has never looked brighter. For example, their massive multi-billion dollar investments into upgrading and modernizing their ports have paved the way for more economic benefits including higher employment rates. This has led to more disposable income being distributed, and ultimately increasing the prosperity level of the country. In fact, analysts predict the UAE will grow at a rate of 9.5 percent every year for the foreseeable future, proving that the UAE’s economic growth policies are working as they expected and giving investors good reasons to invest in profitable opportunities; that present themselves in the region.

"We have built a world-class infrastructure in ports and logistics. By increasing the capacities of our ports, the UAE is now in a position to handle the rapidly increasing trade levels from the emerging markets," said the UAE’s Minister of Economy while at the World Ports and Trade Summit in Abu Dhabi.

The UAE’s investments into upgrading their nine ports have given the region a huge competitive advantage. Not only have these investments proven to pay off in the short term, but have also positioned the UAE to become the third largest re-export market in the world and an industry and economic leader, in the future. With its strategic geographical location between East and West, the UAE is becoming a popular hub for global trade and a vital gateway to emerging markets.

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