UAE: Abu Dhabi Economy

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Agriculture has long been a mainstay of the Al Gharbia region’s economy and among its chief employers. In the coming years, new projects will build on this agricultural base, moving into a variety of different areas and bringing additional value to the sector through the production of processed and finished goods.

As of mid-2013 the city of Al Ain, Abu Dhabi’s second-largest urban area, was in the early stages of an industrialisation drive that could completely transform the local economy. Under Plan Al Ain 2030 and the government’s long-term development strategy, the Abu Dhabi Economic Vision 2030, the city is slated to become a regional centre for...

based on nine pillars, among which “Empowering the Private Sector” came first.

Having established this priority, the government has committed to a direct public policy that encourages investment and entrepreneurial activity by continuing legislative reform and by ensuring that all economic policy is formulated with reference to rigorous data sources...

While the Abu Dhabi Economic Vision 2030 strategy provides a clear path to growth and diversification, reaching its goals – which include an average annual growth rate of 7% until 2015 and 6% annually thereafter; significant expansion of the non-oil sector, with the aim of it accounting for 64% of GDP by 2030; and a 50% or greater increase in GDP per capita – is a...

How will the private sector benefit from the development budget? Might it be necessary to import expertise to ensure spending goals are met?

As Abu Dhabi pursues its economic diversification priorities, what are the critical success factors for establishing new industry sectors?

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