While hydrocarbons still form the bulk of Abu Dhabi’s economy, the sector’s contribution to GDP has been falling over the last 10 years as the emirate pushes ahead with diversification goals in line with Abu Dhabi Economic Vision 2030. The manufacturing segment has seen sustained growth in recent times with the manufacturing of chemicals and plastics, basic metal and non-metallic mineral...
UAE: Abu Dhabi Economy
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Hydrocarbons revenues still form the bulk of Abu Dhabi’s GDP and while falling prices are a concern, the emirate has been moving steadily towards its economic diversification targets in line with Abu Dhabi Economic Vision 2030. The past 10 years has seen the non-oil sector expand strongly on the back of business-friendly government policies, as a result of which non-oil sector growth now outpaces that of the oil sector.
Economic update | Abu Dhabi Year in Review 2014
2 Feb 2015
Despite a sharp downturn in oil prices in the latter part of the year, Abu Dhabi’s economy maintained its solid pace of growth in 2014. Strong fiscal reserves, a low breakeven price of oil and an increasingly diversified economy should ensure expansion is maintained in 2015, though possibly at a slower rate than in past years.
Articles & Analysis | Facts for visitors: Useful tips for arrivals from The Report: Abu Dhabi 2014
NATIONAL CHARACTER: Emiratis are known for their warm hospitality, a feature that is embedded in traditional culture, as well as modern business practice. They also take pride in their rich heritage.
Articles & Analysis | Onwards and upwards: Plans to attract more private capital to the region are well advanced from The Report: Abu Dhabi 2014
Located in the west of the emirate, Al Gharbia has long been an important pillar of Abu Dhabi’s economy. In the coming years, it is set for substantial investment as the government looks to rejuvenate the region and ensure that local talent is retained and plays an integral role in development. As such, over the next two decades, a host of...
Articles & Analysis | Striking a balance: Pursuing sustainable development while preserving the region’s heritage and traditional character from The Report: Abu Dhabi 2014
Located 160 km to the east of Abu Dhabi City, in the centre of a large oasis that has been inhabited for thousands of years, the “garden city” of Al Ain is known for its long history and traditional character. Unlike the gleaming towers of the capital, Al Ain is made up mostly of low-rise buildings in a traditional Arab style. The birthplace of...