UAE

Premium Profile

The United Arab Emirates is ranked as one of the most developed countries in Western Asia. The country lies on the Eastern part of the Arabian Peninsula. Its coastline stretches along the Arabian Gulf and the Gulf of Oman with its capital Abu Dhabi. Before the discovery of oil in the 1950s, the region's economy was driven mainly by nomadic farming, date palm cultivation, fishing, pearling and seafaring. The mining industry in UAE have in recent times attracted huge investment. The industry in UAE does not only include the process of mining the minerals, they are processed to finished goods. In 2020 export of precious metals was 11% less than imports with a total value of $100 billion. The infrastructure within the UAE is a haven for the mining industry with port facilities and land transport facilities functioning optimally.

Quick Facts

Aluminium

Primary Mineral

> 100 million MT

Estimated Reserves

Free Trade zones

Tax Benefits

> 25

Resource Businesses

The United Arab Emirates (UAE) are located on the southern side of the Arabian Gulf, at the north-eastern edge of the Arabian Plate. Although large areas of the country are covered in Quaternary sediments. The bedrock geology is well exposed in the Hajar Mountains and the Musandam Peninsula of the eastern UAE, and along the southern side of the Arabian Gulf west of Abu Dhabi. The geology of the Emirates can be divided into ten main components: The Late Cretaceous UAE-Oman ophiolite; A Middle Permian to Upper Cretaceous carbonate platform sequence, exposed in the northern UAE (the Hajar Supergroup); A deformed sequence of thin limestone’s and associated deepwater sediments, with volcanic rocks and mélanges, which occurs in the Dibba and Hatta Zones; A ploydeformed sequence of metamorphic rocks, seen in the Masafi – Ismah and Bani Hamid areas; A younger, Late Cretaceous to Palaeogene cover sequence exposed in a foreland basin along the western edge of the Hajar Mountains.

In the United Arab Emirates, the list of minerals mined in the area is lengthy and ranges from copper and gypsum mines to the extraction of metals and precious stones. With the boom in the technological advancements in the UAE, the establishment took place, of the fact that the country applies the most advanced technologies and the best scientific methods in the mining industry. These methods have ultimately confirmed the variety and abundance of minerals available in many of the different Emirates. The Emirate of Fujairah is filled with minerals. Organisations around the world have effectively invested in the mining sector for exploration and exploitation of chrome and precious metals. Gold and diamonds account for the second largest revenue source for UAE, in 2019 UAE expoted gold in the value $21.4B

Business regulatory reforms across the Gulf economies have been on a steady rise. These changes are motivated in part by the urgent need for economic diversification with UAE being the top ranked in ease of doing business. Such recent policies include reducing the time to export by fully digitizing certificates of origin and the cost to import by issuing certificates of conformity that cover multiple shipments, making construction permits easier by using a risk-based approach to reduce the number of inspections etc. In 2019 United Arab Emirates was the number 28 economy in the world in terms of GDP (current US$), the number 24 in total exports, the number 22 in total imports, the number 22 economy in terms of GDP per capita (current US$) and the number 55 most complex economy according to the Economic Complexity Index (ECI).

Connect with officials in UAE

Interested in doing business in UAE?

Contact a member of our team to find out how

Get in Touch

Please fill out the form below and a member of our team will contact you as soon as possible