Lower oil prices and a rigorous process of fiscal reform have led to a challenging economic backdrop for Abu Dhabi’s residents and businesses in recent years. Although concerns that the Covid-19 pandemic of 2020 would lead to a global downturn in the year ahead loomed large at time of writing, a shift to a more expansionary fiscal stance has...
Ghadan 21, or Tomorrow 21, is Abu Dhabi’s Dh50bn ($13.6bn) economic accelerator programme and one of the most ambitious development strategies deployed by the emirate. Launched in September 2018, the programme represents the government of Abu Dhabi’s response to a series of external shocks, including geopolitical tensions, a low global growth...
What is being done to foster foreign direct investment (FDI) in the current challenging context?
Across the Gulf public health authorities and private institutions are investing in smart technologies to improve patient care. Data collection, sharing and analysis; DNA-driven research on precision medicine; and distance consultation and diagnostics are already being implemented in some areas of the GCC. The region’s hydrocarbons wealth is...
In what ways is Abu Dhabi encouraging private sector activity and attracting foreign investment?
The UAE – under the leadership of Sheikh Khalifa bin Zayed Al Nahyan, president of the UAE and ruler of Abu Dhabi, and Sheikh Mohammed bin Rashid Al Maktoum, vice-president and prime minister of the UAE, and ruler of Dubai – is capable of overcoming crises. This is due to both the capacities of the country and the efforts of its citizens and...
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