Efforts by Abu Dhabi to position itself as a leader in the clean energy sector received a boost in early June, when the International Renewable Energy Agency (IRENA) opened its global headquarters in the emirate’s clean tech-focused free zone, Masdar City.
Plans by Abu Dhabi to invest more than $25bn over the next five years to increase offshore oil production capacity look set to secure the emirate’s position as a leading oil producer, amidst a global decrease in oil and gas capital expenditure.
Substance abuse is becoming a growing weight on the economy of Abu Dhabi, as it is across the region. However, increased spending on both prevention and treatment may help reduce the burden and repay the investment into tackling this problem many times over.
European quantitative easing (QE) could prove to be a catalyst for increased activity in Abu Dhabi’s bond market over the coming months, providing a welcome influx of funds.
This chapter outlines the legal framework in which local and foreign investors operate in Abu Dhabi. It includes an overview of the court systems and arbitrations options, a breakdown of the various ways to establish a business in the emirate and a look ahead to the new company and foreign investment laws that are on the way.
Abu Dhabi City hosts the UAE government, with the ruler of Abu Dhabi customarily serving as the president, while the ruler of Dubai serves as the country’s prime minister and vice-president. In mid-2013 Abu Dhabi’s population stood at an estimated 2.45m, with Emiratis making up 20.2% of the population and expatriates accounting for the remaining 79.8%. The economy has witnessed rapid expansion...
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