Research Scholar (West Asian Economics), Department Of West Asian and North African Studies, Faculty of International Studies, Aligarh Muslim University, India Email id: Shadabsaima24@Gmail.Com
To understand the success of economic diversification in the UAE, it is crucial to analyse the pattern and type of change that has occurred in the economy since the discovery of oil to up until now. For this purpose, this study incorporates a descriptive case study methodology in which the economic performance of UAE in terms of GDP with particular focus on oil GDP and non-oil GDP has been done covering the period 1975–2017. Through this, the key contributors or drivers to economic growth can be found. Further, which of the sectors in the UAE significantly helped in its process of transition over the years from a resource-based oil economy to a dynamic and diversified one can also be understood. Therefore, in this study, the change in the pattern and role of various economic sectors such as mining and quarrying, finance, manufacturing, agriculture, hotels and retail trade, construction, transport, and communication has been analyzed over the period 1975–2017.
Economic Diversification, Structural Transformation, Non-oil Sector
