The health sector in Abu Dhabi has expanded rapidly on the back of a mandatory medical insurance scheme, while the sector has also been driven by population growth, rising health awareness and an increasing incidence of lifestyle-related diseases. Government health care expenditure nearly doubled between 2007 and 2012 to reach over $12bn that year, with government spending comprising 3.3% of...
The development of a knowledge-based economy and a highly skilled and productive workforce are key priorities of Abu Dhabi Economic Vision 2030. To this end the government continues to invest significantly in education, with 21% of federal spending under the UAE’s $38.11bn draft budget for 2014-16 going towards public and higher education. Meanwhile private schools have played an increasingly...
The past decade has seen significant sums invested in developing tourist facilities and infrastructure in the emirate, and the sector has been earmarked as key in supporting economic diversification in line with Abu Dhabi Economic Vision 2030. The strategy appears to be paying off, with around 3.5m guests staying in Abu Dhabi in 2014, up 25% on the previous year. The emirate aims to continue...
The region’s GDP is set to double by 2030 with various sectors, including oil and gas, power generation, infrastructure and transport, and tourism, expected to drive this growth. The government has identified these sectors as having particular potential for investment and can offer competitive advantages in terms of resources, geography and development needs. The region is home to both the...
Manufacturing is playing an increasingly important role in the emirate as it pushes ahead with efforts to build a long-term growth path that is less dependent on hydrocarbons. In 2013 manufacturing contributed 5.7% to the emirate’s GDP, up from 5.3% in 2012 with the sector accounting for 12.6% of the country’s non-oil GDP in 2013. Meanwhile Abu Dhabi’s petrochemicals industry has a number of...
The transport and storage sector contributed some Dh35bn ($9.5bn) to the emirate’s economy in 2013, equivalent to 3.67% of overall GDP. Sector GDP for the year was up 7.1% on 2012 figures in real terms, with its real compound annual growth rate for the period between 2009 and 2013 standing at over 12%. Several major new infrastructure projects indicate that the rapid development and growth of...
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