While hydrocarbons continue to make up the lion’s share of the emirate’s GDP, oil revenues are supporting long-term efforts to diversify the economy. Oil and gas accounts for about 52% of real GDP, down on previous years, followed by construction, manufacturing and real estate. High-quality transport infrastructure, meanwhile, is boosting trade activity and free zones in Abu Dhabi.
Under the Abu Dhabi Economic Vision 2030 strategy, the emirate is working to build a knowledge-based economy, with a focus on boosting activity in a handful of key non-hydrocarbons sectors, including tourism, manufacturing, logistics, health care, education, financial services and telecommunications. Going forward, Abu Dhabi looks set to remain a key part of not just the UAE’s economy, but also the broader regional economic framework. This ambition continues to occupy government planners, and the evidence suggests that the emirate has succeeded in nurturing new economic sectors and is on track to meet its goals.
Sultan Al Jaber, CEO, Masdar, on the UAE’s future energy mix
Janet Napolitano, US Secretary of Homeland Security, on partnering to promote growth
David Cameron, UK Prime Minister, on trade links with the GCC
Mohammad Al Murtada Al Dandashi, Partner & Managing Director, Al Ramz Securities, on economic prospects and capital market challenges
Mohamed Thani Murshed Al Rumaithi, Chairman, Abu Dhabi Chamber of Commerce & Industry (ADCCI), on doing business in the emirate
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