As Abu Dhabi accelerates efforts to diversify its economy away from a reliance on hydrocarbons, development of Al Maryah Island has become a top priority for real estate and construction. An international financial free zone and mixed-use real estate development, the island is expected to become a major financial and business district,...
Renewed demand for more affordable housing in Abu Dhabi has come about as a downward readjustment of housing allowances has strained rents in the high-end residential sector. Developers are now shifting their strategies to include new mid-market developments. This has enabled double-digit returns on rental yields for some, making the mid-...
In 2017 Abu Dhabi’s construction sector should begin recovering after global oil prices reached their pain point in 2016, ending the year two-thirds higher than in January following a landmark OPEC deal. Stabilising oil prices allowed the government to reduce spending cuts, and the industry’s long-term outlook remains positive since the Abu...
Since launching its first government-owned satellite in 2009, the UAE has seen a number of projects and businesses launch within its burgeoning space industry. Guided by the UAE Space Agency (UAESA), the sector’s agenda now includes an unmanned mission to Mars, scheduled to launch in 2020, as well as a host of training and research programmes...
Just 10 years after announcing plans to build a world-leading aerospace industry, the government of Abu Dhabi has made major strides in expanding and developing the emirate’s portfolio of original equipment manufacturing (OEM) activities, most notably through Strata Manufacturing, a subsidiary of Mubadala Investment Company.
The security, aerospace and defence sectors have risen to become an important component of Abu Dhabi’s economic diversification strategy, with activities gaining momentum in recent years. In the aerospace segment, 2016 saw major contracts for new original equipment manufacturing (OEM) and maintenance, repair and overhaul (MRO) projects signed...
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