The region’s GDP is set to double by 2030 with various sectors, including oil and gas, power generation, infrastructure and transport, and tourism, expected to drive this growth. The government has identified these sectors as having particular potential for investment and can offer competitive advantages in terms of resources, geography and development needs. The region is home to both the...
Manufacturing is playing an increasingly important role in the emirate as it pushes ahead with efforts to build a long-term growth path that is less dependent on hydrocarbons. In 2013 manufacturing contributed 5.7% to the emirate’s GDP, up from 5.3% in 2012 with the sector accounting for 12.6% of the country’s non-oil GDP in 2013. Meanwhile Abu Dhabi’s petrochemicals industry has a number of...
The transport and storage sector contributed some Dh35bn ($9.5bn) to the emirate’s economy in 2013, equivalent to 3.67% of overall GDP. Sector GDP for the year was up 7.1% on 2012 figures in real terms, with its real compound annual growth rate for the period between 2009 and 2013 standing at over 12%. Several major new infrastructure projects indicate that the rapid development and growth of...
The real estate sector in Abu Dhabi is currently in a period of growth and rising prices, following the global financial crisis that began in 2008. As of the third quarter of 2014, all segments of the market were in simultaneous recovery for the first time since the downturn. The government is set to continue promoting market stability, maintaining its high level of involvement in real estate...
Driven in large part by targeted government investment and an offset programme aimed at bolstering domestic capacity, Abu Dhabi has witnessed tremendous growth in its aerospace and defence industry in recent times. National Service was introduced in the UAE in 2014 and is mandatory for Emiratis aged 18 to 30. The government has also launched a range of training programmes aimed at bolstering...
Abu Dhabi’s economic growth, rising population and expanding industrial sector have contributed to increasing power demand in the emirate. Demand is growing at a rate of 7.5% a year with authorities expecting this trajectory to continue over the next decade. The sector is run on an independent water and power producer model, which sees the government investing in an increasingly diversified...
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