In 2019 Abu Dhabi’s retail sector continued to adapt to a 5% value-added tax (VAT) that came into force in early 2018, with consumer confidence picking up as residents began to factor the new levy into their purchasing behaviours. Malls continue to dominate the retail space, which saw some 200,000 sq metres of gross leasable area (GLA) added...
In what ways is Emirates Steel adapting to global trade dynamics, and what regions are best positioned to support international expansion plans?
Abu Dhabi’s industrial sector continues to be a key contributor to GDP and the drive for diversification away from oil- and gas-based growth. The sector has also widened its industry portfolio in recent years, with companies based in Abu Dhabi now ranging from steel production to high-tech manufacturing, among other areas. Many of these...
How are automation and digitisation improving overall maritime logistics operations in Abu Dhabi?
The world’s largest single-site solar photovoltaic (PV) plant began commercial operations in Abu Dhabi, near the town of Sweihan, in late April 2019. The 1177-MW Noor Abu Dhabi solar plant features 3.2m solar panels spread across 8 sq km. Constructed with an investment of Dh3.2bn ($871m), the joint venture between Abu Dhabi Power Corporation (...
In February 2020 the operating licence for the first unit of the civilian Barakah Nuclear Energy Plant was issued by the Federal Authority for Nuclear Regulation (FANR) to the plant’s operator, Nawah Energy Company, the operations and maintenance subsidiary of the Emirates Nuclear Energy Corporation (ENEC). The facility is the first of its...
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