UAE: Abu Dhabi Economy

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Abu Dhabi’s economy expanded steadily in 2019, thanks in part to oil sector growth and the ongoing rollout of publicly backed economic stimulus plans.

Describe the role played by the private sector in terms of attracting international investment.

With the launch of a series of initiatives to support growth in the non-oil sector, Abu Dhabi is reinforcing its efforts to diversify the economy away from hydrocarbons.

Higher energy returns are expected to have led Abu Dhabi’s return to growth in 2018, with expectations of further expansion in 2019 as the government rolls out an extensive stimulus programme

How have local companies adjusted their business strategies to weather the ongoing economic climate?

Abu Dhabi has moved ahead with plans to bolster the emirate’s non-oil economy following the launch of a Dh50bn ($13.6bn) programme aimed at fast-tracking economic growth and social development.

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