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United Arab Emirates

Introduction to United Arab Emirates

The Trucial States of the Persian Gulf coast granted the UK control of their defense and foreign affairs in 19th century treaties. In 1971, six of these states - Abu Zaby, 'Ajman, Al Fujayrah, Ash Shariqah, Dubayy, and Umm al Qaywayn - merged to form the United Arab Emirates (UAE). They were joined in 1972 by Ra's al Khaymah. The UAE's per capita GDP is not far below those of leading West European nations. Its generosity with oil revenues and its moderate foreign policy stance have allowed the UAE to play a vital role in the affairs of the region.

Government

Capital:

Abu Dhabi 

Independence:

2 December 1971 (from UK) 

National holiday:

Independence Day, 2 December (1971) 

Economy

Economy overview:

The UAE has an open economy with a high per capita income and a sizable annual trade surplus. Its wealth is based on oil and gas output (about 33% of GDP), and the fortunes of the economy fluctuate with the prices of those commodities. Since 1973, the UAE has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living. At present levels of production, oil and gas reserves should last for more than 100 years. The government has increased spending on job creation and infrastructure expansion and is opening up its utilities to greater private sector involvement. 

GDP:

purchasing power parity - $57.7 billion (2004 est.) 

GDP - composition by sector:

agriculture: 4%
industry: 58.5%
services: 37.5% (2002 est.)

Agriculture products:

dates, vegetables, watermelons; poultry, eggs, dairy products; fish 

Industries:

petroleum, fishing, petrochemicals, construction materials, some boat building, handicrafts, pearling 

Transportation

Highways:

total: 1,088 km
paved: 1,088 km (including 253 km of expressways)
unpaved: 0 km (1999 est.)

Pipelines:

condensate 383 km; gas 1,765 km; liquid petroleum gas 186 km; oil 1,266 km (2003)

Ports and harbors:

'Ajman, Al Fujayrah, Das Island, Khawr Fakkan, Mina' Jabal 'Ali, Mina' Khalid, Mina' Rashid, Mina' Saqr, Mina' Zayid, Umm al Qaywayn

Merchant marine:

total: 59 ships (1,000 GRT or over) 578,477 GRT/739,823 DWT
by type: cargo 12, chemical tanker 5, container 7, liquefied gas 1, petroleum tanker 21, roll on/roll off 8, short-sea/passenger 4, specialized tanker 1 (2003 est.)

Airports:

35 (2003 est.)

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