To make itself more effective the Business Council has organised itself into a series of working groups.
The Financial & Professional Services Working Group seeks to look at issues both for people working in its own sector
The Energy Working Group was the first one established by the UAE-UK Business Council back in 2011.
The Healthcare and Life Sciences Working Group seeks to help UK companies setting up in the UAE
Developing and promoting excellence in the infrastructure industry.
looking to the future of the infrastructure sector.
The Education & Training Working Group focuses on preparing the education sector for the future.
The Security & Aerospace Working Group is a new addition to the UAE
Useful articles for those thinking of doing business in the UAE
The UAE has made huge progress diversifying its economy
The UK has the 5th largest national economy in the world
The UAE-UK Business Council has committed to help increase bilateral trade and investment to £25bn by 2020.
The cooperation agreements between the UAE and UK reflect the depth and strength of the bilateral relationship
Ensuring the implementation of the Business Council’s action plan
Working with others
POLITICAL & ECONOMIC OVERVIEW - UAE
The political and economic situations in the UAE and UK are quite different. This page aims to give a brief overview of the UAE system.
The UAE Government works at three levels – federal, emirate and municipal.
The Federal Government has responsibility for the following: foreign affairs, security and defence, nationality and immigration issues, education, public health, currency, postal, telephone and other communication services, air-traffic control and licensing of aircraft, labour relations, banking, delimitation of international waters and the extradition of criminals.
The UAE economy continues to grow and the overall economic outlook is positive. The UAE’s reserves of oil and natural gas both rank in the top 10 largest in the world. The UAE is the third fastest growing economy in the GCC.
The UAE has diversified its economy to help to make the country’s revenue sources more balanced and create a sustainable economy that can withstand long-term oil price volatility.
Hydrocarbons provide the largest single source of income for Abu Dhabi. Dubai’s hydrocarbon reserves are far more limited which has led to successful efforts to diversify their economy into the region’s business, logistics, media and leisure hub.
The award of EXPO 2020 to Dubai is forecast to boost the economy by USD 23 billion. This will result in about USD 8 billion worth of opportunities across many sectors particularly in hospitality and construction.
Other positive factors for growth include:
The UAE’s proximity to other Gulf markets means that it acts as an entry route to other GCC countries.
The UAE is home to more than 40 Free Trade Zones (FTZ). The advantages of setting up in an FTZ are:
Jebel Ali Free Trade Zone (JAFZA) is the world’s largest FTZ.