What are the largest companies in the UAE? What makes them profitable? Check out this post to get the list and details of each company!
Biggest Companies in the UAE
The Global Competitiveness Report states that the United Arab Emirates has the world’s 25th competitive economy because the country has a strategic location and consistent government policies with high spending on innovation, infrastructure, digital transformation, and business ecosystem. The UAE is home to some of the biggest companies in the Middle East, Asia, and the world. Read on!
Emirates Telecommunications, also known as Etisalat, is the biggest company in the UAE. More than 70% of people living in the UAE use the company’s services. Although you can find various other organizations, this company stands out from the competition. In addition to the UAE, the company operates in over 15 countries across the Middle East, Asia, and Africa.
Abu Dhabi National Oil Company
Although the Abu Dhabi National Oil Company suffered the most during the Covid-19 pandemic, it is still one of the most prominent organizations in the Middle East. The company explores, produces, stores refines, and distributes petrochemical products. While the global economy deteriorates and becomes unpredictable, the Abu Dhabi National Oil Company makes substantial efforts to maintain its business operations.
DP World Ltd
DP World Ltd is one of the largest logistic companies in the UAE, operating terminals and ports across the Middle East and over 40 countries worldwide. The company has more than 56,000 employees in the Middle East. Although the company has suffered from the Covid-19 pandemic, it holds a senior position in the United Arab Emirates, thanks to its prompt and effective policies.
Emaar Properties is one of the biggest real estate companies in the UAE. It has more than 36 subsidiaries across the Middle East, North Africa, Asia, North America, and Europe. The company has some of the world’s most significant achievements in its portfolio, including its tallest manmade structure “Burj Khalifa.” Emaar Properties focus on residential and commercial property development.
Emirates Islamic Bank
Emirates Islamic Bank is the most profitable organization in the UAE, competing with the Abu Dhabi Bank. It is the leading provider of Islamic Finance programs and plans to customers across the UAE and the Middle East. The organization has been active and operating for over 17 years, providing financial services to small businesses, giant corporations, and entrepreneurs in the UAE.
Emaar Malls is a subsidiary of Emaar Properties Group. The company develops properties, including hotels, restaurants, hospitality centers, leisure establishments, retail stores, and shopping malls. The company’s notable projects include Dubai Marina, Dubai Creek Harbor, Dubai Downtown, and Dubai Mina Rashid.
First Abu Dhabi Bank
Abu Dhabi Bank is a profitable organization and the most famous financial institution in the United Arab Emirates. It is an integral part of the Gulf Cooperation Council and has an extensive network within the UAE and other countries across the U.S, Europe, Africa, and Asia.
The United Arab Emirates is a commercial and business hub in the Middle East. Thanks to its friendly business policies, the country has experienced rapid development and prosperity in recent years. These companies are the largest in the country, offering state-of-the-art services to their customers. Until Next Time!
- Article based on personal opinion, experience and research.
- Photos from Unsplash & canva.