The Dubai Air Show in November 2019 marked the inauguration of EDGE Group, a new defence conglomerate based in Abu Dhabi created to bring a range of companies under one name. Launched by Sheikh Mohamed bin Zayed Al Nahyan, crown prince of Abu Dhabi and deputy supreme commander of the UAE armed forces, the new entity will have a combined annual...
Abu Dhabi has leveraged its hydrocarbons wealth to pursue a sovereign investment strategy that spans the globe, establishing itself as one of the largest overseas investors in the world. To strengthen the exchange of capital and ideas, the government has worked to create free zones to capture foreign direct investment (FDI), benefitting the...
What has been done to ensure continued investment in the long run, while minimising the impact of economic volatility cycles?
UAE-wide efforts to boost the country’s stock of foreign direct investment (FDI) have seen considerable success in recent times. According to the “World Investment Report 2019” by the UN Conference on Trade and Development, the country ranked first among Arab countries in its FDI capture in 2018 and accounted for roughly 22% of total FDI...
According to Abu Dhabi’s Khalifa Fund for Enterprise Development (KFED), small and medium-sized enterprises (SMEs) account for 94% of all companies in the UAE and provide jobs for 90% of the nation’s workforce. Statistics Centre - Abu Dhabi (SCAD) has established emirate-specific definitions for this important segment of the economy, by which...
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