In 2017 Abu Dhabi’s construction sector should begin recovering after global oil prices reached their pain point in 2016, ending the year two-thirds higher than in January following a landmark OPEC deal. Stabilising oil prices allowed the government to reduce spending cuts, and the industry’s long-term outlook remains positive since the Abu...
Since launching its first government-owned satellite in 2009, the UAE has seen a number of projects and businesses launch within its burgeoning space industry. Guided by the UAE Space Agency (UAESA), the sector’s agenda now includes an unmanned mission to Mars, scheduled to launch in 2020, as well as a host of training and research programmes...
Just 10 years after announcing plans to build a world-leading aerospace industry, the government of Abu Dhabi has made major strides in expanding and developing the emirate’s portfolio of original equipment manufacturing (OEM) activities, most notably through Strata Manufacturing, a subsidiary of Mubadala Investment Company.
The security, aerospace and defence sectors have risen to become an important component of Abu Dhabi’s economic diversification strategy, with activities gaining momentum in recent years. In the aerospace segment, 2016 saw major contracts for new original equipment manufacturing (OEM) and maintenance, repair and overhaul (MRO) projects signed...
Renewable energy has quite literally taken off in Abu Dhabi, with the emirate taking centre stage in the first solar-powered flight around the planet, while Abu Dhabi Water and Electricity Authority (ADWEA) received a new world record lowest bid for a solar power generation project. With a new 2050 energy strategy in place at the federal level...
The UAE will soon have its first nuclear energy plant. The world’s largest new nuclear construction site, with four units being constructed simultaneously, is progressing successfully at Barakah, located on the coast around 50 km west of Ruwais.
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