In the first quarter of 2021, the wholesale and retail sector remained the largest contributor to the gross domestic product (GDP) of the emirate of Dubai in the United Arab Emirates (UAE), accounting for about **** percent. Meanwhile, the financial services and insurance sector and the transport and storage sector followed at **** and **** percent, respectively. Global economic hub The United Arab Emirates, the second-largest Arab economy after Saudi Arabia in 2021, is home to key business hubs and financial centers, Dubai and Abu Dhabi. With the government’s strategic initiatives to support a growing environment for budding businesses, Dubai and Abu Dhabi have become the world’s most attractive business destinations for both local and foreign entrepreneurs. As of 2022, UAE was ranked among countries with the most competitive economy by the International Institute for Management Development, based on economic performance, government efficiency, business efficiency, and infrastructure. Road to sustainability The UAE economy has been historically heavily dependent on oil for its economy, as extractive industries remained the leading driver of the Emirates’ GDP in 2020. However, the UAE has been taking active initiatives towards a “green economy for sustainable development” by diversifying its economy away from oil. The UAE Energy Strategy 2050 sets an aim of ** percent renewables in the energy mix by 2050, the majority of which would likely stem from photovoltaic systems.

The objective of this study is to explore the influence of various factors on transportation development, considering their spillover effects on Gross Domestic Product (GDP) growth in neighboring provinces. The study utilizes time-series data from the transportation industry in Ho Chi Minh, Vietnam. Accordingly, a theoretical framework is constructed based on foundational theories. The methodology involves Structural Equation Modeling (SEM) analysis and its five steps of Goodness of Fit testing. The key findings include: (1) Mobile phones positively influence, while corruption control and state investment negatively impact goods labor productivity; (2) Provincial Competitiveness Index (PCI) and state investment positively influence both people labor productivity and people capital productivity; (3) Regarding spillover effects on neighboring provinces, mobile phones have a negative influence, while PCI positively impacts the GDP growth of Binh Phuoc. Mobile phones negatively affect GDP growth in Vung Tau and Dong Nai, whereas corruption control positively affects it in these provinces. Therefore, with regard to institutions, the government should regulate transportation industry activities towards environmental friendliness, such as developing PCI in the direction of a green environment or investing in green fuel for the transportation industry. As corruption control has both positive and negative effects, we recommend increasing corruption control towards a sustainable economy. Regarding technology, since mobile phones have both positive and negative effects, we suggest finding a balance to boost goods labor productivity. These results offer transportation policymakers and managers both theoretical and practical perspectives to improve the transportation industry’s development. Our study is an empirical investigation into the factors influencing the development of transportation and the spillover effects on neighboring provinces, with a focus on the case of Ho Chi Minh, Vietnam. Ho Chi Minh stands as the largest city and economic hub of Vietnam, playing a crucial role in the southern key economic region. The transportation industry’s average contribution to Gross Regional Domestic Product (GRDP) in Ho Chi Minh was approximately 16% during the period from 2010 to 2020. However, a significant challenge emerges. From 2010 to 2020, just over 40% of enterprises in the transportation industry were profitable, with around 50% experiencing sales losses. Moreover, about 8% of enterprises encountered operational interruptions, temporary closures, or faced issues leading to dissolution or bankruptcy.

According to projects for 2020, the mining and quarrying sector including crude oil and gas contributed about ****** billion United Arab Emirates Dirham to the gross domestic product (GDP) of the United Arab Emirates. This was the leading economic sector of the UAE closely followed by wholesale and retail with ***** billion United Arab Emirates dirham in that year. UAE oil industry   As of 2019, the United Arab Emirates was one of the top ten crude oil producers worldwide. The volume of crude oil production in that year exceeded one billion barrels. The country was also a member of the Organization of Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF). It was a major oil producer and exporter and held about ** billion barrels of crude oil reserves . Each emirate has control over heir oil and gas production processes. The emirate of Abu Dhabi controlled over ** percent of the country’s reserves. It was handled by Abu Dhabi National Oil Company (ADNOC). Abu Dhabi’s exports exceeded *** million barrels in 2019. The largest gas project in the country in 2020 was ADNOC - Hail and Ghasha Sour Gas Development: Package *. UAE economy The UAE’s economy witnessed a sharp decrease in its real GDP growth in 2020 post the COVID-19 pandemic, however, it was expected to recover gradually over the next couple of years. The coronavirus crisis has dealt a heavy blow to the country. This is not only due to the impact of low oil prices, but also a huge loss to important non-oil economic sectors such as tourism. .The largest contributor to Dubai’s GDP in 2021 was the wholesale and retail industry The central bank expected a full economic recovery in 2022. The largest share of announced foreign direct investment (FDI) projects in 2020 in the emirate of Dubai were greenfield projects.

Middle East Car Rental Market size was valued at USD 3.85 Billion in 2024 and is projected to reach USD 7.42 Billion by 2032, growing at a CAGR of 8.5% from 2025 to 2032.

Key Market Drivers Tourism Industry Growth: The growth of the Middle East's tourism sector has significantly boosted the demand for car rentals, as more tourists and businesses seek flexible transportation solutions. This surge in demand aligns with the region’s economic development, particularly in the GCC countries. The World Travel and Tourism Council's 2023 report showed a 42% rise in tourism's contribution to the GCC's GDP, with the UAE leading at 56% growth. The Dubai Tourism Board reported a 38% increase in tourist car rentals in 2023, with an average rental duration of 5.2 days per tourist. Corporate Sector Expansion: The expansion of the Middle East's business ecosystem has significantly increased the demand for corporate car rental services. Companies are turning to rentals for flexible, cost-effective transportation solutions as they focus on operational efficiency and business travel needs. In 2023, corporate car rentals in Saudi Arabia rose by 45%, while business rentals in the UAE grew by 35%. Long-term corporate leasing in the GCC increased by 52%. Digital Transformation: The adoption of mobile apps and digital platforms has significantly enhanced the car rental experience. In 2023, online bookings made up 65% of all car rentals, a 55% increase from 2021, according to the GCC Car Rental Association. This shift towards digital solutions highlights the growing preference for easy, on-the-go vehicle bookings. Additionally, mobile app installations for car rentals across the Middle East grew by 92%, underscoring the region's embrace of technology for streamlined rental services.

The UAE Interior Design Market Report is Segmented by End-User (Residential, Commercial), Service Type (New Construction, Renovation/Remodeling), Price Tier (Economy, Mid-Range, Premium/Luxury), and Geography (Abu Dhabi, Dubai, Sharjah, Ajman, Ras Al Khaimah, Fujairah, Umm Al Quwain). The Market Forecasts are Provided in Terms of Value (USD).