The United Arab Emirates (UAE) is a key Middle Eastern market for many Canadian exporters across a range of sectors. UAE has one of the most liberal trade and investment regimes in the region. It also offers a stable economy and modern political system, which attracts strong capital flows both from the Middle East and outside it. The country’s reliance on oil and gas revenues has been negatively impacted by the COVID-19 crisis. Economic diversification has broadened the scope of sector opportunities, like tourism (set to be boosted by the Dubai Expo), financial services and high-tech industries. Free trade zones, offering 100% foreign ownership and zero taxes, are attracting international investors. Canada has a strong commercial trade relationship with the UAE. Export Development Canada (EDC) serves Canadian companies in the UAE through our local representation in Dubai.