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...
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...
Leveraging its location at the confluence of over 200 air routes, 150 shipping lanes, thousands of kilometres of road networks and a developing rail system, Abu Dhabi offers global and local businesses a range of industrial and free zones closely linked to these avenues. This dovetails with the emirate’s long-term development strategies, the...
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...
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 (...
There is a rapid transformation taking place in Abu Dhabi’s power and water sector. A major shift in the energy mix is under way, with a transition away from fossil fuels and an expanded use of renewables and nuclear power. At the same time, the emirate continues to be a leading supplier of electricity and water to other emirates of the UAE,...
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