The United Arab Emirates (UAE) is a federation of seven emirates along the eastern coast of the Arabian Peninsula. It is 82,880 sqkm-wide, with a total population of 9.86 million people in 2016.
Abu Dhabi is the largest of these Emirates, comprising more than three-fourth of the federation’s total land area. It is also the center of the UAE’s oil industry and borders Saudi Arabia on the Federation’s southern and eastern borders.
The port city of Dubai, located next to the mountainous Musandam Peninsula, is the capital of the emirate of Dubai, one of the region’s most vital commercial and financial centers, housing hundreds of multinational corporations.
The United Arab Emirates represent the Gulf’s 2nd largest economy, after Saudi Arabia, the world’s 7th largest natural gas reserve and 17th gas producer.
The UAE’s economy is dominated by petroleum. The wealthiest of the emirates, Abu Dhabi contains nearly one-tenth of the world’s proven oil reserves, contributing to more than half of the national revenue.
With a $375 billion GDP in 2016, Emirati leaders have built a modern, prosperous and globalized society. Indeed, the UAE are well-known for its prosperity and commercial dynamism, and rank among the Middle East’s most diversified economy.
Exports are dominated by petroleum and natural gas. Imports consist primarily of machinery and transport equipment, gold, precious stones, and foods.
This country’s major trading partners are China, India, Japan, Western European countries, and South-Korea. A large amount of trade is driven by reexports to neighboring gulf countries.
Tourism has played an increasing role in the economy since the late 1990s, when the government promoted the construction of hotels, resorts restaurants and expanded the airport.
France has a strong relationship with the UAE:
The UAE is France’s 2nd-largest trading partner in the Gulf, and 2nd-largest Gulf investor in France.
Over 600 French subsidiaries are established in the UAE, and France ranks 4th-largest foreign investor in the UAE.
In this context, Simon Associés entered into a strategic alliance agreement with Ali Ibrahim Advocates & Legal Consultants, located in Dubai and Sharjah.
Ali Ibrahim Advocates & Legal Consultants has grown to the most experienced and respected law firms in the UAE. Its team of lawyers intervenes in various fields of law such as legal consultancy, negotiations of engineering contracts, for Emirian and international clients.
Experienced in all the areas of practice, advisors and consultants with their strong local and international knowledge, provide the best-quality services to their clients across all the jurisdictions over the world.