Economic Benefits in UAE for International Students

The United Arab Emirates (UAE) is a federation of seven emirates on the eastern coast of the Arabian Peninsula. It is a country in the Middle East bordered by Saudi Arabia, Oman, Qatar and the Persian Gulf. The UAE is one of the most populous countries in the world without any form of representation in Parliament.

The country has been growing rapidly in recent years, with its economy expanding by an average of 6.2% per year from 2000. The UAE has a strong oil-based economy, with petroleum products accounting for about 25% of the GDP and 75% of export revenues. The country has been investing heavily in infrastructure projects to support economic growth and diversification, which are expected to continue to drive GDP growth in the coming years. UAE’s GDP grew by 7.6% in 2022, and it is expected that UAE’s economy will grow by 4.1% in 2023.

The UAE consists of seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. Each has its own ruler Abu Dhabi and Dubai is the most important one. 

• Abu Dhabi - The capital and the second-largest emirate in the UAE. It has a population of over 2 million people. It is also the wealthiest emirate in the UAE and it has a GDP per capita of $66,000.
• Dubai - The most populous city in the UAE and it is also one of the most cosmopolitan cities in the world with a population of over 2 million people. It has a GDP per capita of $57,000.
• Ajman - Ajman was a small village until it was developed into an emirate in 1972 by Sheikh Rashid bin Saeed Al Maktoum. The emirate is home to many popular tourist attractions such as Ajman Museum, Ajman Fort and the Heritage Village.
• Fujairah -  Fujairah City has a population of about 86,000 people. It is located on the east coast of the UAE, on a peninsula extending from Oman to Saudi Arabia. It is one of the fastest-growing cities in the UAE. It has a very rich history and culture. The city has a lot to offer its visitors, there are many tourist attractions and things to do like visiting museums, shopping malls, or taking a boat ride on the sea.
• Ras al-Khaimah - The city has been characterized by rapid modernization, with an emphasis on commerce and trade. Ras al-Khaimah is situated on the Persian Gulf coast, north of Dubai. Ras al-Khaimah has a unique geography because it has a coastline that stretches for more than 120 kilometres along the Persian Gulf. This makes it a popular destination for tourists from all over the world who are looking to experience both desert and sea at once.
• Sharjah - It is located along the southern coast of the Persian Gulf on the Arabian Peninsula, about 200 kilometres east of Dubai. The emirate borders Abu Dhabi to its southwest; Ajman, Umm Al Quwain, and Ras Al Khaimah to its west; and Fujairah to its north. It shares a maritime border with Iran.
• Umm, al-Quwain - Umm al-Quwain’s coastline is one of the longest in the UAE and there are some of the best beaches in Umm al-Quwain. The eastern coast has a number of popular beaches such as Al Ghaydah, Al Jazirah and Ras Al Khaimah. The western coast has Ras Al Khaimah and other smaller islands which are popular with those who enjoy snorkelling or diving. The economy of Umm al-Quwain relies mainly on fishing and pearling industries as well as some agriculture. Tourism is also an important industry for this emirate, with many resorts located along its coastline.

Economic Benefits for International Students

The economy of UAE is one of the most prosperous economies in the world. It is a hub for international trade and business and has a thriving economy. The UAE offers jobs to international students, not just in the private sector but also in the public sector. International students are attracted to study in the UAE due to its high quality of living standards. There are also many scholarships available for international students. Besides that, the students feel safe in UAE because of its low crime rates. It has also been ranked as the most innovative country in the Middle East by The Global Innovation Index. There are many opportunities for international students such as internships and work experience programs that help them to get their foot in the door at companies that they want to work for after graduation. 

The UAE has a diversified economy with activities ranging from oil production to banking, tourism, and construction. The UAE economy has grown exponentially in the last decade. The UAE also offers an excellent business environment for international students as it has low taxes and no restrictions on foreign ownership. This makes it an ideal place to study, work, or start a business. The UAE government has been investing heavily in infrastructure, education, healthcare and other sectors to ensure that they can meet their economic goals. The government is also keen on attracting international students to work and study so they can contribute to their economy as well. 

With international education, you will open up ways to a global alumni network that will make it easier for you to find innovative opportunities post-graduation. Gone are those days when going to study abroad would be a financial burden for students. With things like UAE exchange programmes, they can now get a quality education abroad without thinking about the cost. Studying in UAE will cost you less than studying in Europe and the US. On top of the great life experience, the research showed that living abroad can actually be less expensive.

Candidates looking to study abroad can get in touch with our Shiksha Study Abroad Counsellors for assistance with university applications. Candidates can also write to us in the comments section below.