Umm Al Quwain Free Trade Zone Authority HQ

The UAE, formed on 2 December 1971, has transformed into a modern state with a high standard of living and cities that are key economic players, since the discovery of oil more than 40 years ago.The United Arab Emirates comprises seven independent states in the Arabian Peninsula: Abu Dhabi (Capital), Dubai, Sharjah, Ajman, Umm al-Quwain, Ras al-Khaimah, and Fujairah. Its geographical location and friendly time zone (GMT +4) provide businesses with a regional and business-centric hub to access markets in Africa, Asia, and Europe. These states have distinct characteristics, and their developing economies offer business prospects in various industries, including banking, trade, commerce, service, manufacturing, and construction.According to the World Bank’s report, UAE is the strongest performer overall in the Middle East and North Africa region, with high ease of doing business score.