Example of economy in uae

The UAE is a mixed free-market economy based on oil and natural gas production, and these industries combined take up more than a quarter of UAE gross domestic product.

Explanation:

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The economy of the United Arab Emirates (or UAE) is the second largest in the Middle East (after Saudi Arabia), with a gross domestic product (GDP) of US$354 billion (AED 1.3 trillion) in 2020. The UAE has been successfully diversifying its economy, particularly in Dubai, but still remains heavily reliant on revenues from petroleum and natural gas, which continue to play a central role in its economy, especially in Abu Dhabi.

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