In both Abu Dhabi and the wider UAE, diversification away from the hydrocarbons sector is a key component of economic planning, and the emirate is moving to increase the role of non-oil exports in its trading profile. This will be largely supported by continued investment in the emirate’s port infrastructure, industrial and free zones, and the...
The Abu Dhabi Global Market (ADGM) is one of the world’s younger financial centres, having opened its doors to global commerce in 2015, but its success so far reinforces excitement about what this new option will bring to the global financial services landscape. Situated on 114 ha of land on Abu Dhabi City’s Al Maryah Island, ADGM has been...
In what ways can industrial policy help attract investments to technology-oriented segments?
While the UAE remains a net importer of military equipment, the federal government has been pushing to reduce its dependency on imports through the development of its own defence manufacturing capability. At the same time an increase in defence spending across the region, linked to multiple ongoing conflicts, is leading many UAE-based defence...
The UAE continues to spend heavily on its military capabilities, while at the same time pushing to expand its domestic defence-related manufacturing industries, as a means both to better protect its own national security and to contribute to diversifying its economy away from oil and gas.
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