Abu Dhabi is home to the world’s sixth-largest proven oil reserves and is working to achieve self-sufficiency in natural gas. It has been successfully pursuing diversification, particularly in terms of manufacturing, banking and ICT. While the global Covid-19 pandemic and decline in international oil prices poses challenges for the emirate, the fundamentals underpinning its economy remain strong.
This chapter contains selected listings of some of the country’s top hotels, advice and etiquette for business and leisure travellers, and useful tips for first-time visitors to Abu Dhabi. This chapter contains an interview with Samia Bouazza, Managing Director and Founder, Multiply Marketing Consultancy.
The UAE currently has no system of federal income taxation. Instead, most of the emirates – including Abu Dhabi – enacted their own corporate tax decrees in the 1960s. These emirate-level decrees are of general application and remain in force as amended. In practice, however, corporate income tax is only enforced on oil and gas companies engaged in upstream activities, certain petrochemicals...
Abu Dhabi’s media sector has evolved rapidly in recent years, establishing the emirate as a regional centre for film, television and social media. Sustained government support at both the emirate and the national level has been key to the sector’s success. Carefully calculated promotion has attracted investment and encouraged collaboration in the production of local content in Abu Dhabi’s...
Abu Dhabi’s ICT sector saw further growth in 2019, driven by major public investment in the digitisation of services for residents and businesses. The emirate and the wider UAE continue to lead the way regionally in rolling out 5G technology, with the UAE’s two national telecoms companies making significant investments in network expansion and upgrades. The emirate is also consolidating its...
Climate change, population growth and increasing rates of urbanisation have put a strain on the environment in complex and intertwined ways. Encouraging sustainable development and protecting the environment are key to ensuring future growth in Abu Dhabi. The need for solutions has created opportunities for investment and innovation, and pushed the market towards economic diversification. The...
The global Covid-19 pandemic has significantly impacted the global tourism industry in 2020; however, with demand likely to be high after months of enforced isolation, the tourism sector is hopeful there will be a recovery in activity once international travel is able to resume. The substantial growth of the tourism segment in recent years demonstrates solid underlying fundamentals. Abu Dhabi...
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