Improving economic conditions, increased tourism numbers and the launch of two major development projects are forecast to support growth in Abu Dhabi’s retail sector, especially within the food and beverages (F&B) segment.
Improving economic conditions, increased tourism numbers and the launch of two major development projects are forecast to support growth in Abu Dhabi’s retail sector, especially within the food and beverages (F&B) segment.
Breaking with tradition, Abu Dhabi has announced it will begin holding open bids for new oil and gas concessions as part of its broader strategy to maximise returns and boost the sustainability of its hydrocarbons industry.
Abu Dhabi’s plans to unlock the share value of some of its key economic assets are gathering steam, with initial public offerings (IPOs) of a number of public enterprises expected in 2018, in moves that could encourage private sector companies to follow suit.
Off-plan projects that offer residential buyers attractive incentives and greater affordability could help offset muted demand in Abu Dhabi’s broader real estate market this year, which is still recovering from a slowdown in economic growth in 2017.
Abu Dhabi is looking to position itself as a key contributor to the UAE’s food security drive, with the national government announcing plans to boost agricultural output by 60% by 2051.
An expected increase in oil prices, combined with sustained growth in the non-oil sector, should drive economic expansion in Abu Dhabi in 2018, allowing the economy to rebound from a relatively flat performance in the previous 12 months.
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