History of the United Arab Emirates History of the United Arab Emirates The United Arab Emirates (UAE) is a country on the Arabian Peninsula located on the southeastern coast of the Persian Gulf and the northwestern coast of the Gulf of Oman. The UAE consists of seven emirates and was founded on 2 December 1971 as a federation. Six of the seven emirates (Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain and Fujairah) combined on that date. The seventh, Ras al Khaimah, joined the federation on 10 February 1972. The seven sheikdoms were formerly known as the Trucial States, in reference to the treaty relations established
Economy of the United Arab Emirates a point in case of the milestones that have given the UAE its high profile of a global tourist destination. According to 2013-2014 Global Competitiveness Report, the UAE ranked fourth worldwide in terms of infrastructure quality. Some of the significant real-estate projects are: Among the most prominent financial centers in the UAE are: Economy of the United Arab Emirates The economy of the United Arab Emirates is the second largest in the Middle East (after Saudi Arabia), with a gross domestic product (GDP) of $403.2 billion (AED 1.46 trillion) in 2014. The Emirates have been successfully diversifying its economy. Although