DIVERSIFICATION AND DEVELOPMENT OF THE UNITED ARAB EMIRATES’ ECONOMY

This contribution examines the major features of UAE’s economy, its factors of strengths, underlying
also its critical aspects. Furthermore, the work focuses on the crucial factors that characterize a diversified
knowledge economy and indicates the policies that the economy of the United Arab Emirates must pursue in
order to improve its performance and be a competitive economy at a global level. In addition, the paper seeks to
identify new business areas for the diversification and development of the UAE’s economy.