With strong private sector and foreign investor engagement, the utilities sector in Abu Dhabi is one of the most enduringly attractive to a wide range of businesses. Despite the economic slowdown of recent years, vital big-ticket projects in areas including nuclear energy, solar energy and desalination are continuing to progress at pace. The power and water sector is overseen by several bodies...
Abu Dhabi has one of the world’s largest and most developed hydrocarbons industries, benefitting from its substantial resources and openness to international investment. Building on decades of steady growth and development, the sector is undertaking a shift. The drive to diversify has resulted in higher levels of investment in both non-conventional hydrocarbons and downstream capacity, and...
In 2017 the UAE was home to the largest and fastest-growing insurance sector in the GCC. The industry has recorded strong compound annual growth rates in both non-life and life segments during the last decade, while takaful (Islamic insurance) products have developed considerably since 2012. This growth has come on the heels of an influx of expatriates, increase in the population of working-...
Abu Dhabi is a prominent player in Islamic finance and is active in markets for sharia-compliant debt; deposit, lending and investment schemes; and risk-management through takaful (Islamic insurance). Acting through the Abu Dhabi Global Market, the emirate’s financial free zone, the sector has access to domestic as well as offshore service providers. Together with the six other emirates of the...
Abu Dhabi’s capital markets have witnessed rapid expansion since the establishment of the Abu Dhabi Securities Exchange (ADX) in 2000. Prior to the ADX, the sector played a much more limited role in the emirate’s financial services landscape. Historically the region has had a significant amount of capital owing to its oil wealth and, coupled with a relatively robust and liquid banking system,...
Banks in Abu Dhabi are well funded and have demonstrated resilience. They also exist in a competitive environment that is widely seen as overbanked. After a major merger created the region’s second-largest lender in 2017, further moves towards consolidation are expected. For now, the banking system has ample liquidity and would benefit from more opportunities to deploy it. The government has...
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