1、 BUSINESS CLIMATE SURVEY FOR SWEDISH COMPANIES IN THE UNITED ARAB EMIRATES 2025 A REPORT FROM TEAM SWEDEN IN THE UNITED ARAB EMIRATES TABLE OF CONTENTS FOREWORD.3 ABOUT THE SURVEY.5 ECONOMIC OUTLOOK.6 THE MARKET.9 HOW SWEDISH COMPANIES SUCCEED IN THE UAE.16 ACTING SUSTAINABLY.19 CONCLUDING REMARKS.2

2、2 CONTACT US.23 KEY CONTRIBUTORS TO THIS REPORT Business Sweden in the United Arab Emirates Embassy of Sweden in the United Arab Emirates copyright 2025 Team Sweden FOREWORD FOREWORD Sweden and the United Arab Emirates(UAE)have a long-standing history of strong bilateral relations and fruitful coope

3、ration.The first Swedish companies established operations in the UAE in the 1960s,and today,around 200 Swedish companies are present in the market.The UAE is the second-largest economy in the Arab world and one of the wealthiest globally in terms of GDP per capita.In recent years,economic growth has

4、 been notably high.In 2024,GDP is estimated to have increased by 6.2 per cent compared to the previous year.This increase has been primarily driven by strong population growth and a robust non-oil economy,which recorded 4.5 per cent growth during the first nine months of 2024 and now accounts for 74

5、.6 per cent of total GDP.This trajectory steadily reduces the countrys dependence on oil and strengthens its economic resilience.Additionally,the UAE was the top foreign direct investment(FDI)recipient in the MENA region in 2023,attracting USD 30.7 billion.FDI outflows from the country totalled USD

6、22.3 billion in the same year.The UAEs leadership attributes this progress to long-term economic diversification strategies and recent efforts to deepen trade relations through the conclusion of a number of free trade agreements.Swedish direct investment flows to the UAE remained relatively stable b