What is the most common attribute amongst the world's wealthiest countries as measured by GDP per capita (adjusted for purchasing power parity) in 2016?
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The UAE’s increasingly diversified economic base—outside the traditionally dominant hydro-carbon sector—has enabled it to retain its position as one of the best performing economies in the Gulf. The UAE leads the region in terms of infrastructure development with $155 billion of mega-projects already under construction, and a further $629 billion worth of future projects planned. The focus is currently on planning for Dubai’s EXPO 2020 - the biggest event the city has ever hosted which is expected to attract some 25 million overseas visitors. The UAE continues to encourage FDI through a business-friendly regulatory and tax environment, and EXPO 2020 is anticipated to generate foreign investment of between $100 and 150 billion into the tourism, real estate, educational sectors. Meanwhile, the government is working on a new law aimed at attracting more investment into the mining industry. In this optimistic climate the UAE - and in particular Dubai’s highly cosmopolitan population - continues to enjoy considerable wealth, with the total assets (property, cash, equities and business interests) held by individuals in the country reported to exceed $700 billion, the highest in the region.