Located in one of the driest parts of the planet and with demand for water growing at nearly 9.5% annually, Abu Dhabi’s water supply is a hugely important economic, social and security consideration. The Abu Dhabi government is therefore bringing in international partners to help meet the emirate’s demands.
During 2018 Abu Dhabi National Oil Company (ADNOC) has been working to restructure the offshore concessions once operated by Abu Dhabi Marine Operating Company (ADMA). The ADMA assets have been divided into three groups: Lower Zakum, Umm Shaif and Nasr, and Sateh Al Razboot (SARB) and Umm Lulu. A 40% interest in each concession has been...
Ports play a central role in the economic development of Abu Dhabi, contributing 3.6% of the emirate’s non-oil GDP in 2017, a value-added contribution of Dh19.6bn ($5.3bn). Closer ties with a number of international partners coupled with the growing needs of a diversifying domestic economy are driving the expansion of the emirate’s seaports,...
The UAE continues to spend heavily on its military capabilities, while at the same time pushing to expand its domestic defence-related manufacturing industries, as a means both to better protect its own national security and to contribute to diversifying its economy away from oil and gas.
The aviation sector is experiencing rapid growth worldwide, propelled by booming tourism industries, lower airfares and the push for greater connectivity in an increasingly globalised economy. Middle-class expansion has also spurred growth in air travel, as more people are able to afford flights for holidays or business-related travel....
While the UAE remains a net importer of military equipment, the federal government has been pushing to reduce its dependency on imports through the development of its own defence manufacturing capability. At the same time an increase in defence spending across the region, linked to multiple ongoing conflicts, is leading many UAE-based defence...
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