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Since the discovery of oil and its first export in 1962, the picture of the UAE’s economy is far from the small fishing and pearling nation it used to be.

The Oil sector has been used as a driving force to make heavy investments to reduce its reliance on hydrocarbons and project the UAE to an internationally competitive nation with a growing economy.
Industrialization efforts that began in 1980 in the energy industries and subsequently in high technology industries have contributed to the country’s steady growth. Furthermore, with the development of its airport and seaport facilities, the UAE has continued the strong expansion of its transport services and has become the region’s transport hub.