The UAE Reinforces its Basis for Protecting Innovations

The United Arab Emirates has proved to be a leading economy in the Middle East.  It is currently the second largest economy in the Arab world after Saudi Arabia, with a GDP exceeding 400 billion dollars and with a gain of more than GDP 11 billion dollars in 2013. The UAE economy has grown around 231 times since its independence in 1971 and is continuing to grow at huge pace.  The UAE is currently ranked 28th worldwide in GDP. The UAE's economy is expected to grow between 4-4.5% in 2014, despite the political instability in the surrounding countries.  The UAE's remarkable and continuous economic achievements and success have been a focus worldwide and it has become a place of trust in the international community, reflected most recently by winning the bid to host the prestigious EXPO 2020.  The UAE's real GDP is expected by experts to double by 2020.  A large number of massive scale projects are currently being designed across the country.