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Enviromental scanning of UAE for identifying the scope for new venture

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Enviromental scanning of UAE for identifying the scope for new venture
Entereprneuship BUS 312
Assessment 1
Enviromental scanning of UAE for identifying the scope for new venture

Index :

INTRODACTION ……………………………………… 3
PESTEL ANALYSIS…………………………………….. 4
INTENDED BUSINESS VENTURE…………………….. 6
CONCLUSION………………………………………….. 8
REFRANCES……………………………………………. 8

INTRODUCTION
UNITED ARAB EMIRATES
United Arab Emirates is a developed country from the Middle East region. It has 5.4 million of population. The development of United Arab Emirates takes us back to the era of 1970s. 1970s was the decade of developmental milestones for UAE. It has undergone through many agreements and laying off big projects which are now in the built up and progressing country’s economy. The rate of gross domestic product (GDP) is $258.8 billion. There is a very good figure of foreign direct investment (FDI) $7.7 billion. Economy of UAE is dependent upon its oil and gas resources. About 80% income is attained by making use of these resources. Per capita income of UAE is $48,158 which is a very reasonable figure for any country. UAE import its oil and gas findings and earn revenue from there. Countries come to launch their business in UAE because of its established economy. Federal government of UAE is also working on other industries to decrease its economic dependency on oil and gas import. They are working on the industries of tourism, aluminum and construction to increase their diversity of income sources. If we look at the general image and power of UAE, it has a very good reputation in world politics. It is considered as a powerful country because of its wealth of oil and gas resources. UAE land is comprised of interesting types. It has dessert, land and a sea shore. All three lands are being utilized by UAE government in their full effect. Infrastructure of UAE is very modern and well organized. Roads, commercial buildings and residential areas are well developed.
All seven monarchies of UAE are


References: Bibliography Bay, F. H. (n.d.). TRIBAL SOCIETY OF UAE AND ITS TRADITIONAL ECONOMY. Retrieved october 06, 2013, from uaeinteract: http://www.uaeinteract.com/uaeint_misc/pdf/perspectives/04.pdf Shihab, M. (n.d.). ECONOMIC DEVELOPMENT IN UAE. Retrieved october 06, 2013, from uaeinteract: http://www.uaeinteract.com/uaeint_misc/pdf/perspectives/12.pdf TOURISM OUTLOOK IN UAE. (n.d.). Retrieved october 06, 2013, from Corporate.visa: http://corporate.visa.com/_media/visa-tourism-uae-12.pdf
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