How has the Covid-19 pandemic impacted the development of small and medium-sized enterprises (SMEs) in Abu Dhabi?
UAE: Abu Dhabi Economy
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Economic update | Privatisation in the Gulf: the key to both recovery and diversification?
27 May 2021
With Saudi Arabia announcing plans to raise $55bn through its privatisation programme, Gulf countries are stepping up efforts to stimulate private investment in public assets and projects, with a view to strengthening state finances, spurring diversification and driving their respective Covid-19 recoveries.
How has the Covid-19 pandemic generated challenges and opportunities for economic development in Abu Dhabi?
– Economies in the region were hit by reduced trade volumes and lower oil prices
– Governments launched extensive stimulus packages to stabilise their economies
– Short-term recovery will be tied to oil prices and the resumption of travel
– The pandemic looks set to accelerate economic diversification efforts
While many Gulf nations were already working to diversify their economies prior to the coronavirus pandemic, the subsequent economic downturn and collapse in oil prices has meant that governments in the region have had to reassess and – in some cases – accelerate their strategic plans.
Articles & Analysis | Comfortable hotels in Abu Dhabi from The Report: Abu Dhabi 2020
THE ABU DHABI EDITION T: +971 2 208 0000 www.editionhotels.com/abu-dhabi reservations.auh@editionhotels.com Rooms: 198 guest rooms and suites, with 90 deluxe rooms, nine deluxe marina rooms, 59 deluxe marina rooms with balconies, five loft rooms, 10 suites, 16 marina suites, seven premier marina suites, one marina penthouse and one...