About the OPEC Fund

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OFID Member Countries

Official country name: United Arab Emirates
National capital: Abu Dhabi
Location: In the east of the Arabian peninsula, bordering Saudi Arabia to the west and south, and Oman to the east.
Area: 84 million km2


Natural Resources: petroleum, natural gas
Structure of output (value added, % of GDP): n/a
Population: 3.0 million (2001)
Urban population: 87.1%
Life expectancy at birth, total (years, 2000): 75.3
Population growth rate: 2.4% (2001)
Principal exports: crude petroleum, natural gas, re-exports (mainly machinery and transport equipment)
Exports of goods and services: US$34.1 billion (1999)
Principal imports: machinery and transport equipment, basic manufactured goods, food and live animals, fuels and lubricants, chemicals
Imports of goods and services: US$38.1 billion (2000)
GDP: US$67.5 billion (2001)
Average Annual growth: 5.1% (2001)
GDP per capita: US$19,393 (2001)
Inflation (annual %): 0.9% (2001)
Total external debt: US$29.0 billion (1999)
Total debt service: US$5.3 billion (1999)
Debt service (% of exports of goods and services, 2000): n/a
National currency: Saudi Arabian riyal (SRL)
Average Exchange Rate: VADH 3.673 = US$1 (2001)
OPEC Fund Ministerial Council Member: H.H. Sheikh Hamdan Bin Rashid Al-Maktoum, Minister of Finance and Industry; H.E. Mr. Obaid H. Al-Tayer, Minister of State for Finance
OPEC Fund Governing Board Representative: H.E. Mr. Jamal Nasser Lootah, Executive Director, Industry Sector, Ministry of Economy
OPEC Fund Governing Board Alternate: Mr. Mohamed Abdulbaki Mohamed, Director-General, Emirates Industrial Bank