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...
The emirate’s latest five-year plan, the Abu Dhabi Plan, was revealed in June 2016. Of key interest to the business community was how the new strategy would differ from the Strategic Plan 2011-15. Variations from one five-year plan to another are bound to be relatively minor, as each strategic phase works towards the objectives already...
The February 2016 announcement by Obaid Humaid Al Tayer, the UAE minister of state for financial affairs, that the UAE will introduce a value-added tax (VAT) is one of the most significant economic developments in the country in recent years. While the UAE has been a strong proponent of VAT for some time, the prospect of reducing the...
The situation of young people in the Arab world has long been a concern for policymakers. With some of the highest unemployment rates globally, much of the MENA region suffers from strife and sectarian tensions, warding off private investment and job creation that would help satisfy the aspirations of its young people. According to the World...
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