The economy of the United Arab Emirates is the second largest in the Arab region after Saudi Arabia, with a gross domestic product of US $ 570 bn in 2014. The United Arab Emirates has been succeeding in diversifying its economy. Tourism has been one of the main sources of revenue in the UAE, with some of the world's most sumptuous hotels being based in the UAE. A massive construction boom, an expanding manufacturing base, and a large service sector are helping the UAE diversify its economy. Globally, there is currently US$350bn worth of active construction projects.
International Monetary Fund (IMF) anticipated that UAE's financial growth would increment to 4.5% in 2015, contrasted with 4.3% in 2014. The IMF ascribed UAE’s possibly strong economic development in World Economic Outlook Report to the expanded commitment of non-petroleum divisions, which enrolled a growth average of more than 6% in 2014 and 2015. Such commitment incorporates banking, tourism, business and real estate. Increment of Emirati buying power and governmental expenditures in infrastructure ventures have extensively expanded. Universally, UAE is positioned among the top 20 for worldwide service business, as indicated by AT Kearney, the top 30 on the WEF "most-organized nations" and in the top quarter as a least corrupt nation as per the TI's corruption index
The telecommunications market in the UAE is anticipated to grow at a CAGR of 3.7% over 2016-2021, driven by the development in the fixed and mobile data fragments. Mobile data and fixed broadband revenue will develop, attributable to the expanding reception of 4G systems and fiber-optic technology. Fixed VoIP will be the quickest developing portion supported by the developing reception of triple-play services. Services ought to concentrate on further differentiating their administration portfolios by offering multiplay services to the private fragment and focusing on M2M to business clients.
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