While the Abu Dhabi Economic Vision 2030 strategy provides a clear path to growth and diversification, reaching its goals – which include an average annual growth rate of 7% until 2015 and 6% annually thereafter; significant expansion of the non-oil sector, with the aim of it accounting for 64% of GDP by 2030; and a 50% or greater increase in GDP per capita – is a...
Articles & Analysis | Spreading the wealth: The government is working to boost economic activity in Al Ain and Al Gharbia from The Report: Abu Dhabi 2014
Interviews & Viewpoints | OBG talks to Mohamed Thani Murshed Al Rumaithi, Chairman, Abu Dhabi Chamber of Commerce and Industry (ADCCI) from The Report: Abu Dhabi 2014
How will the private sector benefit from the development budget? Might it be necessary to import expertise to ensure spending goals are met?
Interviews & Viewpoints | OBG talks to Khaldoon Khalifa Al Mubarak, Group CEO and Managing Director, Mubadala from The Report: Abu Dhabi 2014
As Abu Dhabi pursues its economic diversification priorities, what are the critical success factors for establishing new industry sectors?
Articles & Analysis | Signs of recovery: Inflation has been increasing alongside renewed activity in the real estate sector from The Report: Abu Dhabi 2014
Although inflation had been a growing issue prior to the 2008-09 global economic crisis, these concerns have since been receding. In December 2008, the inflation rate hit an all-time high of 12.3% – a level high enough to present a significant challenge for the Central Bank of the UAE (CBU). Finding its ability to respond to the trend through...
Articles & Analysis | Setting benchmarks: The authorities hope to establish a vibrant financial market from The Report: Abu Dhabi 2014
The strong fiscal position of the UAE has meant that it has never been compelled to turn to the debt markets to balance its budgets, and comments in recent years by the federal government suggest that this is not likely to change in the short term. While the government has moved to formulate legislation that would allow for public debt issuances...
Interviews & Viewpoints | OBG talks to Mahmood Ebraheem Al Mahmood, CEO and Chairman, ADS Holding from The Report: Abu Dhabi 2014
Given that the Abu Dhabi Global Market (ADGM) will have free zone status, in what ways will it be able to enhance the domestic economy?