If you’ve heard anything of booming global markets in the past few years, chances are that there has been some mention of the United Arab Emirates. This young nation comprised of seven Arabian states has experienced tremendous growth since its founding in 1971, in large part due to abundant natural resources, moderate foreign policy and the dedicated support of innovative business growth plans by the country’s corporations and rulers.
The UAE has undergone a massive reconstruction over the past 40 years, from a collection of small, insolvent states to a dynamic, modern and luxurious country that boasts one of the highest standards of living in the world. Much of that growth can be attributed to the country’s leadership, which has focused spending on the creation of jobs and expansion of infrastructure and has taken great measures to increase the role of the private sector.
One reason the UAE has garnered such significant attention is the striking contrast to its more conservative and traditional Middle Eastern neighbors. The country boasts an easygoing yet highly developed environment—alcohol is permitted (although its use is subject to more rules than most Western countries), women enjoy more freedom in professional and social settings, accommodation is first class and the crime rate is noticeably lower.
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