The United Arab Emirates had agross domestic productof about $421 billion in 2019, ranking 25th on the World Economic Forum’s Global Competitiveness Index, which was discontinued in 2023.4Its GDP rose to $514
While the energy sector constitutes a small portion of global employment (1.2%), in places like Saudi Arabia, it sig- nificantly contributes to GDP (50%) despite employing a smaller percentage (4.8%) [94, 98]. The top companies in Oil & Gas, renewables, and their number of employees ...