With many of the emirate’s onshore oilfields reaching maturity, plans to expand future production to 3.5m barrels per day (bpd) will mean a much bigger role for the emirate’s offshore sector. Indeed, the next five years will see more than $25bn invested in offshore production, as the government hopes to reach the 3.5m bpd goal by 2017,...
How would you characterise the mindset of financial institutions in terms of their comfort with funding renewable energy projects?
The tax system is one of the key pillars to have supported the UAE’s economic growth over recent decades. The federal government applies no corporate, personal, capital gains, value-added or withholding taxes, while emirate-level tax legislation introduced in the 1960s has never been implemented.
How do you see the balance of sectors in the economy changing as Abu Dhabi diversifies?
How does Abu Dhabi’s position between the financial hubs of Europe and Asia affect the allocation of funds, capital and credit across regions?
How is the current era of lower oil prices framing Mubadala’s strategic direction, and how has it impacted investment strategy?
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