Innovative Organizations in the UAE - Essay Example

Innovative Organizations in the UAE Introduction The UAE enjoys economic developments due to its largest oil reserves and favorable business opportunities. The country serves as an economic hub around the Persian Gulf region with its cities accommodating various organizations in different sectors. For instance, the Petroleum Company is among the top innovative organizations in the region. This is because it is a privately-owned firm that has been engaged in the oil industry for several years without external interference.

In order to expand its operations, the firm acquired shares in other emerging companies such as the Dana Gas. It also merged with GasCities to improve production and increase its presence in the market across Europe and America. The firm is also a top innovative organization because it engages in the acquisition, discovery and expansion of fuel concessions (Al, 238). The other top innovative firm is the Emirates Airline that operates cargo and passenger services. The company is engaged in sports sponsorship of top football clubs across Europe, such as Real Madrid, PSG and Arsenal among others (Wilson 32).

This helps it with increasing its market base beyond the UAE borders with the aim of beating competition from Etihad Airways. The company also comes up with considerable offers that favor international passengers with its continuous commercial flights. Emirates Airline is a recognized brand that launches latest flights from the Boeing Company to enhance luxury, class and comfort (Wilson 56). It is significant to launch and diversify the products and services to create a distinction from the competitors’ products.

As a result, Emirates Airlines and Crescent Petroleum are among the innovative organizations in the UAE.Works CitedAl, Abed I. United Arab Emirates: A New Perspective. London: Trident Press, 2001. Print.Wilson, Graeme. Emirates - the Airline of the Future. London: Media Prima, 2007. Print.