Sixty years after Abu Dhabi’s first oil discovery at the Murban Bab oil field, industry is proving to be an engine of growth and economic diversification in 2019, as Emirati entrepreneurs explore and nurture new opportunities to reduce reliance on the volatile energy sector. Their efforts to diversify include vertical development into downstream industries such as...
Diversification is a central part of the Abu Dhabi Economic Vision 2030, and the emirate is offering incentives to attract investors and bolster its manufacturing sector. While secondary industries are not all located in designated industrial parks or zones, many companies see the benefits of joining dedicated clusters. In 2017, 37 new...
Encompassing everything from petrochemicals to food processing and aerospace to automotive parts, Abu Dhabi’s industrial sector has branched out significantly in recent years. Guided by the Abu Dhabi Economic Vision 2030 and the broader 2016 Abu Dhabi Plan, along with its own sector-specific development strategy, industry is now at a key...
When Abu Dhabi’s government looked at the future course of the economy’s development, preparatory to publishing the emirate’s long-term master plan, Abu Dhabi Economic Vision 2030, one area they were keen to see expand exponentially was petrochemicals.
At present, some of the world’s largest steel and aluminium outfits are no longer based in Europe, North America or Asia, but in the UAE. This is the result of regional economic dynamism and careful long-term planning by the UAE’s leadership, with the government of Abu Dhabi playing an essential part in that strategic thinking. Indeed, the Abu...
Many of Abu Dhabi’s light and heavy industrial businesses are located in its specialised economic zones (SEZs), which have proven popular because of the range of attractive benefits they offer. Although the benefits may vary from zone to zone, in general they include the possibility of 100% foreign ownership, something not currently possible...
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