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The Department of Economic Development (DED) of the Emirate of Dubai is a government body entrusted to set and drive Dubai's economic agenda within the broader governance systems of the United Arab Emirates. The DED and its agencies develop economic plans and policies, identify and support strategic sectors, and provide services to domestic and ...
Abu Dhabi Department of Economic Development estimates that investments in IT and Telecom sectors are likely to reach AED18.4 billion (USD5 billion) in 2011, as against AED16.1 billion in 2010. [ 3 ] The eGovernment program in the UAE is a key initiative of the UAE Government Strategy 2011-2013 that lays the foundation to achieve UAE Vision 2021 .
This is a list of government-owned companies of the United Arab Emirates. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government . Their legal status varies from being a part of government to stock companies with a state as a regular stockholder .
Department of Economic Development may refer to: Department of Economic Development (New Brunswick), Canada; Department of Economic Development (Dubai) Department of Economic Development (Isle of Man) Department of Economic Development (South Africa) Georgia Department of Economic Development, U.S.
Location of the United Arab Emirates. The United Arab Emirates is a country at the southeast end of the Arabian Peninsula on the Persian Gulf.. The economy is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of US$570 billion (DH 2.1 trillion) in 2014.
Dubai Export Development Corporation (EDC; Arabic: مؤسسة دبي لتنمية الصادرات) is an organization in Dubai, United Arab Emirates, created to advocate and assist exporting to foster economic development of the region. The EDC began operations in 2007, having been established in 2006 under Law No. 10/2006 by the Government of ...
Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
In 2011, oil exports accounted for 77% of the UAE's state budget. [17] Dubai suffered from a significant economic crisis in 2007–2010 and was bailed out by Abu Dhabi's oil wealth. Dubai's current prosperity has been attributed to Abu Dhabi's petrodollars. [40] In 2014, Dubai owed a total of $142 billion in debt. [41]