UAE
In just a few decades, the UAE has evolved from one of the poorest countries in the region to one of the world’s richest. The country, and perhaps Dubai in particular, has received a lot of attention for spectacular projects, for instance the Burj Khalifa, the world’s tallest building.
Rapid growth and modernisation
The UAE has one of the world's largest oil reserves, 94 percent of which is located in the Emirate of Abu Dhabi. Thanks to the revenue from the oil industry, the country has experienced a rapid modernisation and is now one of the wealthiest countries on the planet. In addition to the oil revenues, the financial metropolis of Dubai is also a major driver for the economy. As you can read in the short interview below with our Trade & Invest commissioner, this rapid growth unfortunately has its downsides, especially when looking at sustainability and human rights.
Opportunities for Swedish companies
With over 200 companies directly or indirectly represented in the UAE, Sweden has a large presence in the country. Export to the UAE covers a wide range of industries, including iron, steel, automotive, telecommunication equipment and engineering products. The UAE is also an important hub for Swedish companies throughout the Middle East. The beneficial tax conditions throughout more than 30 economic free zones are a key driver for international companies to establish an office in the area.
How we can help
Business Sweden has had an office in Dubai since 2006, which acts as the main hub for the Middle East. We support Swedish businesses with our network and local expertise in the following countries: Egypt, Lebanon, Palestine, Jordan, Syria, Iraq, Kuwait, Qatar, Saudi Arabia, Bahrain, Yemen, Oman, Iran and United Arab Emirates.
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