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The United Arab Emirates is an ideal base for business in the Middle East region. Companies find an attractive market and a very competitive environment for manufacturing and trading goods. Within the UAE, Dubai holds a unique position as a business and trading hub. Relations between the European Union` and the UAE have grown stronger over the past years.
The UAE has spent an average of Dhs 5 billion (US$1.36 billion) per year on domestic development since it started exporting oil in 1964. The UAE is the fourth largest oil producer in OPEC, led by Saudi Arabia, Iran and
Venezuela.
The UAE provides almost 25 per cent of Japan’s total oil requirements.
The UAE has the third largest crude oil reserves in the world.
Abu Dhabi's Khuff reservoir is rated as one of the world’s largest non-associated gas
fields.
The UAE has the third largest gas reserves in the Middle East Approximately 20 per cent
of the world’s gas reserves are in the Arab world.
Abu Dhabi National Oil Company (ADNOC) is ranked as the 20th largest oil and Gas
Company in the world.
Abu Dhabi's oil reserves at present production levels will last for approximately 130 years
while Dubai’s oil reserves are estimated to last another 25 years
The Jebel Ali port is the world’s largest man-made port.
UAE has one of the world’s highest per capita incomes in the world.
Much of the land that makes the United Arab Emirates was formed under the sea.
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