In May 2024,the President of the United Arab Emirates(UAE)was invited to pay a state visit to China,coinciding with the important historical moment of the 40th anniversary of the establishment of diplomatic relations between the two countries.The two sides issued a joint statement on deepening the comprehensive strategic partnership,reaffirming their firm commitment to strengthening cooperation in multiple fields,and foreshadowing that oil and gas cooperation between the two countries will enter a new stage of development.Using the PEST analysis method,this study analyzes the macro investment environment of the UAE from political,economic,social and technological levels.The focus is on the factors that affect the investment environment of the oil and gas industry in the UAE,such as the development history of the industry,oil and gas reserves and exploration activities,policies and regulations,contracts and financial and tax terms,and analyzing the risk factors of China—UAE oil and gas cooperation.Overall,the investment environment for oil and gas in the UAE is favorable,and there is a broad prospect for Chinese enterprises to engage in oil and gas cooperation in the UAE.Politically,the UAE has a stable political situation and is less affected by regional disputes.It attaches great importance to its relations with European,American,and Asian countries in the region.Economically,with sustained and steady growth,the overall development situation is improving,and efforts are being made to develop diversified economies beyond the oil and gas industry.In terms of social environment,overall stability has been maintained.Technologically,the country provides strong support and has leading advantages in multiple fields.China and the UAE have frequent high-level interactions,and bilateral economic and trade cooperation continues to develop healthily.In the field of cooperation in the oil and gas industry,the UAE has a good resource foundation,a high degree of opening-up to foreign countries,and obvious advantages in contracts and financial and tax terms in the Middle East,making overall investment attractive.It is recommended that Chinese enterprises fully seize the opportunity of the continuous strengthening of policy docking and deepening of friendly relations between China and the United Arab Emirates,continuously enhance and expand cooperation in the entire oil and gas industry chain between the two countries,and actively adapt to the trend of energy transition,actively exploring the path of integrated development of oil and gas and new energy.
the United Arab Emirates(UAE)Chinainvestment environmentoil and gas industryinvestment riskcooperation opportunity
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