While hydrocarbons continue to make up the lion’s share of the emirate’s GDP, oil revenues are supporting long-term efforts to diversify the economy. Oil and gas accounts for about 52% of real GDP, down on previous years, followed by construction, manufacturing and real estate. High-quality transport infrastructure, meanwhile, is boosting trade activity and free zones in Abu Dhabi.
Over the past four decades, Dubai has become one of the most important economic centres in the Middle East and a key destination for investors, tourists and corporations from around the world. The emirate boasts a diversified economy, an open business environment, and a multinational population and workforce, all of which have contributed to its reputation as a leading investment destination.
As a source of technical knowledge and skills, the six regional colleges of technology and one higher college of technology run by Oman’s Ministry of Manpower perform a crucial role with respect to the nation’s labour market. The diplomas, higher diplomas and bachelor’s degrees they offer have enabled Omanis to engage with the new technologies...
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