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The UAE has experienced rapid modernization due to the wealth derived from oil revenues. The country has the world's seventh largest oil reserves, of which about 94 percent is in the Emirate of Abu Dhabi. The economy is, in addition to oil revenues, also driven by trade that is concentrated in the financial metropolis Dubai.
From being one of the poorest areas in the world, the country has in a short time reached a high standard of living and is today one of the world 's richest countries in terms of GDP per capita. Swedish exports to the UAE amounted to approximately 5. The export includes a wide range of products including automotive, telecommunication equipment, iron and steel as well as engineering products. The majority of the imports consisted of fuels and chemical products. Dubai has also been awarded the arrangement of the next World Expo, Expo , for which the estimated investments only in infrastructure amount to almost 60 billion SEK.
In addition to the role as a trading partner, the UAE is also an important regional hub for Swedish companies. A lot of regional business opportunities are generated in the UAE and a significant part of trade with Swedish products goes through the country. This is to large extent due to the beneficial establishment options being offered to international companies through more than 30 economic free zones.
Business Sweden has been operating in Dubai since Over the years, we have achieved good local knowledge and a strong network of local business leaders and decision makers from both the public and private sector in order to promote Swedish competitiveness in the region. The iconic Dubai Mall contains over 1, stores on 4 floors, and its smaller sibling, the Mall of the Emirates, has over stores. To increase sales in the region of Dubai Brokk hired two qualified regional sales managers.
Business Sweden used its large, local and regional network, as well as their experience within recruitment, and played an important part in the successful mission. Log in to my pages. Are you missing an account? Have you forgotten your password? Show submenu Hide submenu United Arab Emirates. Today more than Swedish companies are directly or indirectly represented in the country.