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The United Arab Emirates: The twenty‐first century beckons
Author(s) -
Grant Jim,
Golawala Fatema Shabbir,
McKechnie Donelda S.
Publication year - 2007
Publication title -
thunderbird international business review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.553
H-Index - 37
eISSN - 1520-6874
pISSN - 1096-4762
DOI - 10.1002/tie.20155
Subject(s) - government (linguistics) , real estate , tourism , politics , investment (military) , foreign direct investment , multiculturalism , world class , business , political science , economy , economic growth , economics , finance , engineering , industrial engineering , philosophy , linguistics , law
The United Arab Emirates is quickly making its presence known on the world stage; the country is shifting away from its dependence on oil and diversifying into new business sectors such as real estate, tourism, world‐class sporting events, finance, and construction. Development supported and encouraged by government, economic policy reforms, streamlined foreign investment regulations, and the multicultural lifestyle afforded to nationals and expatriates are contributing to exemplary growth. Despite uncertainty in the regional political situation, the country is stable and at low risk. In sum, the United Arab Emirates appears intent on attracting businesses from many parts of the world, now and throughout the twenty‐first century. © 2007 Wiley Periodicals, Inc.