The expansion of Khalifa Port’s container handling capacity should bolster Abu Dhabi’s position as a trans-shipment hub for regional and global markets, with the emirate nearing completion on, or finalising plans for, new container terminals and in-country transport links.
How have local companies adjusted their business strategies to weather the ongoing economic climate?
Abu Dhabi has moved ahead with plans to bolster the emirate’s non-oil economy following the launch of a Dh50bn ($13.6bn) programme aimed at fast-tracking economic growth and social development.
New policies encouraging the use of generic drugs are set to reduce the cost of health care in Abu Dhabi, which is likely to attract more investment to the pharmaceuticals manufacturing industry.
Recent moves by the Abu Dhabi and UAE governments to waive or reduce hotel and visa fees are expected to bolster the emirate’s increasingly active tourism sector and pave the way for more investment.
In late June the Department of Energy (DoE) announced it had shortlisted 25 companies for a tender to develop, finance and operate a new Dh2bn ($544.6m) desalination facility at the Al Taweelah Power Complex, 45 km north of Abu Dhabi City.
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