Trade Winds - UAE Resources
United Arab Emirates Competitive Landscape
The UAE is a competitive market with tough foreign competition from Chinese, European, and other foreign companies. Emiratis welcome and appreciate quality American products and services.
Leading Subsectors For U.S. Companies
Aerospace and Defense:
- A top 15 defense markets in the world.
- Over $30 billion in defense expenditures per year.
- Civil aviation supported nearly 800,000 jobs, contributing over $47 billion to the economy, roughly 13.3% of the UAE’s GDP
- In the Middle East, over 2,990 new airplanes valued at $660 billion will be needed in the next 20 years of which about 47 per cent will be for widebody airplanes - which is the highest share for any region in the world, according to Boeing.
Energy
- Global leader in oil and gas production making it a top market for oil and gas equipment and services.
- Investing heavily in renewable energy facilities and technologies.
ICT
- Over $4 billion per year in consumer demand for ICT products.
- Leading segments include cybersecurity, financial technologies, advanced telecommunications, data center technologies, artificial intelligence, smart cities.
Healthcare
- Over $15 per year of expenditures on healthcare.
Environment
- Clean technologies are a major priority.
- Water desalination and other water technologies are in great demand.
