The rapid ascension of the UAE has resulted in rapid inflation in recent years. This has resulting in increasing operating costs for businesses. Moreover, viable land has become scarce, pushing the price of both it and capital assets skyward. This represents a significant challenge in terms of cost reductions and foreign currency exposure. The dirham, which is currently pegged to the U.S. dollar, may be subject to a free float in coming years in recognition of the country's emergence as a world economic power in its own right.
The social infrastructure of the UAE represents some challenges. Less than 20% of the population is native Emirati; thus the country is heavily dependent on migrant workers from other countries. Half of the population comes from the Indian subcontinent, and within the working age group 78.6% of the population is male, meaning workers have families in their home countries. The workforce will thus be multicultural...
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