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 United Arab Emirates (UAE) is a major commercial hub and has a strong, diverse economy, with foreign trade making up around 80% of its GDP. 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 and one of the largest in the Middle East. The company provides mobile and fixed-line services, Internet services, digital television, and other services. 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.
Address: Rashid Bin Saeed Al Maktoum St PO Box 3838 Abu Dhabi United Arab Emirates
Abu Dhabi National Oil Company
The Abu Dhabi National Oil Company (ADNOC) is a state-owned oil company based in Abu Dhabi, the capital of the UAE. It is the 12th largest oil company in the world and the biggest in the Middle East. With a presence in more than 10 countries, ADNOC is one of the major players in the global oil and gas industry. 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. ADNOC is also heavily invested in downstream activities such as chemicals, gas processing, power generation, and service industries. While the global economy deteriorates and becomes unpredictable, the Abu Dhabi National Oil Company makes substantial efforts to maintain its business operations.
Address: ADNOC Head Quarters Building – Corniche Rd – Abu Dhabi – United Arab Emirates
DP World Ltd
DP World Ltd, based in Dubai and founded in 1972, 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. The company is the third-largest port operator in the world and has a network of 78 terminals and 12 new developments. DP World provides supply chain solutions, logistics, and warehousing solutions to various industries. The company has an impressive portfolio of trade and cargo operations in the UAE and across the world.
It is one of the fastest-growing companies in the UAE, with a track record of success and steady growth. In 2020, DP World reported an 18% increase in net profit for its first half, with significant growth in throughput volumes across all of its ports. DP World is also making waves in its sustainability efforts, such as using renewable energy sources and investing in its workforce. 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.Address: X3MR+P7P Jafza 17 – Mina Jebel Ali – Jebel Ali Freezone – Dubai – United Arab Emirates
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 develops, owns, and operates residential, commercial, and hospitality projects in the UAE. Emaar Properties is one of the most popular real estate companies in the world. The company has also diversified its business into leisure, hospitality, entertainment, education, health care and retail. Despite the Covid-19 pandemic, Emaar Properties continues to focus on the development of new projects with an aim to deliver quality living to its customers.
The company’s strong presence in the UAE and across the world makes it one of the most recognized organizations in the region. The company has a portfolio of more than 200 projects with investments in over 20 countries. The company has some of the world’s most significant achievements in its portfolio, including its tallest manmade structure, “The Burj Khalifa.” The company has also received numerous awards for its outstanding projects. Emaar Properties focus on residential and commercial property development.
Address: Emma Square, Downtown Dubai, Dubai, United Arab Emirates.
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 bank provides a range of banking services, including deposit accounts, personal finance, retail banking, and business banking. It also offers investment products such as mutual funds and structured deposits.
The bank is committed to delivering the highest standards of service and customer experience. The organization has been active and operating for over 17 years, providing financial services to small businesses, giant corporations, and entrepreneurs in the UAE. The bank places a strong emphasis on Islamic banking principles, such as transparency, trust, and fairness. Emirates Islamic Bank is one of the largest financial institutions in the UAE, with a network of more than 40 branches across the country. The bank is at the forefront of technological innovation and recently launched its mobile banking app, which offers customers a variety of features such as account management, payments, and transfers. The bank is also actively involved in corporate social responsibility activities such as education, health care, and community development initiatives.
Address: Showroom LG-157, Lower Ground Floor، Adjacent – DU Outlet, Arabian Court، Dubai Mall – Dubai – United Arab Emirates
Emaar Mall is one of the largest shopping mall operators in the UAE. The organization owns and operates some of the most iconic shopping malls in the region, such as Dubai Mall, The Galleria, and Arabian Centre. The malls offer an array of shopping and entertainment experiences to customers, ranging from fashion stores to entertainment venues. The company is also actively involved in community activities and initiatives aimed at promoting a healthy lifestyle.
The organization is committed to providing the best shopping and entertainment experiences in the UAE. It also focuses on creating retail destinations that contribute to the economic growth of their surrounding communities. 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.
Address: Emaar Square Building 3 – Sheikh Mohammed bin Rashid Blvd – Downtown Dubai – Dubai – United Arab Emirates
First Abu Dhabi Bank
Abu Dhabi Bank is a profitable organization and the most famous financial institution in the United Arab Emirates. The bank provides a range of banking and financial services to individual customers, businesses, and corporations. FAB is the first bank in the region to offer a comprehensive range of products and services designed to meet the needs of customers from all sectors. The bank is also actively involved in community projects aimed at developing and improving the quality of life in the UAE.
FAB offers a variety of banking products, including corporate banking, retail banking, and wealth management services. The bank also provides Islamic banking, private banking, and investment management services. FAB is committed to providing the highest standards of customer service and leveraging the latest technology to enhance the customer experience. The bank is at the forefront of digital innovation, offering customers advanced features such as online banking and mobile banking. 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.
Address: 1st Floor, Abu Dhabi Mall,10th Street,Near Al Ansari Exchange – Abu Dhabi – United Arab Emirates
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. The languages spoken in the UAE are more than 200 languages from all over the world. This makes it easier for companies from different regions to conduct business and connect with customers from a variety of cultures. Until Next Time!
What are the biggest US companies in UAE?
Major international corporations like Lockheed Martin, Boeing, FedEx are among those that have established regional and headquarters in Abu Dhabi and Dubai as a result of the UAE economy’s opportunities.
What is UAE’s main source of income?
The UAE’s 2020 GDP was projected to be $359 billion. This is a reflection of the UAE’s abundant natural resources, which account for 10% of the world’s oil reserves and the fifth-largest natural gas reserves.
Which industry is booming in UAE?
It should come as no surprise that the real estate market is flourishing, and this growth is anticipated to continue for the upcoming several years as the UAE’s population continues to increase as draws individuals from all over the world.
- Article based on personal opinion, experience and research.
- Photos from Unsplash & canva.