Although the emirate’s economic growth can be primarily attributed to its vast hydrocarbons resources, it has also made progress diversifying into new sectors such as manufacturing, tourism, aerospace, defence, finance and logistics. In addition to its economic investments, Abu Dhabi has also made major contributions to social welfare as well as infrastructure, which has been identified as the bedrock for future growth.
After a period of rapid growth in 2008 and early 2009, the construction sector has settled into a more moderate pattern in recent years, with contractors primarily wrapping up legacy projects in 2011. However, 2012 began on a positive note, with the government announcing in January that it would resume some previously delayed projects. Nonetheless,...
The authorities in Abu Dhabi have a long-term vision for the emirate, one that encompasses not only economic diversification but also carefully orchestrated urban growth that is sustainable and reflects the local culture. The Urban Planning Council (UPC), a government agency established by Emiri decree in 2007, plays an important role in this...
While Abu Dhabi experienced a shortage of office space and residences during the spell of rapid economic growth leading up to 2008, a number of commercial and residential projects have since come onto the market, bringing prices down to a level more comparable with those in neighbouring Dubai. This trend is expected to continue for the remainder of...
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