Sixty years after Abu Dhabi’s first oil discovery at the Murban Bab oil field, industry is proving to be an engine of growth and economic diversification in 2019, as Emirati entrepreneurs explore and nurture new opportunities to reduce reliance on the volatile energy sector. Their efforts to diversify include vertical development into downstream industries such as...
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Articles & Analysis | Abu Dhabi taps new industries to drive non-oil growth from The Report: Abu Dhabi 2019
Interviews & Viewpoints | Jamal Salem Al Dhaheri, CEO, Senaat: Interview from The Report: Abu Dhabi 2019
How does Senaat ensure the stability of industrial businesses amid volatile market conditions?
Articles & Analysis | New industrial investors coming to Abu Dhabi offer diversification opportunities from The Report: Abu Dhabi 2019
Diversification is a central part of the Abu Dhabi Economic Vision 2030, and the emirate is offering incentives to attract investors and bolster its manufacturing sector. While secondary industries are not all located in designated industrial parks or zones, many companies see the benefits of joining dedicated clusters. In 2017, 37 new...
With strong private sector and foreign investor engagement, the utilities sector in Abu Dhabi is one of the most enduringly attractive to a wide range of businesses. Despite the economic slowdown of recent years, vital big-ticket projects in areas including nuclear energy, solar energy and desalination are continuing to progress at pace. The power and water sector is overseen by several bodies...
Sixty years after Abu Dhabi’s first oil discovery at the Murban Bab oilfield, industry is proving to be an engine of growth and economic diversification in 2019, as Emirati entrepreneurs explore and nurture new opportunities to reduce reliance on the volatile energy sector. Their efforts to diversify include vertical development into downstream industries such as petrochemicals, plastics and...
Abu Dhabi is the largest of the seven emirates that comprise the UAE, in terms of both its land mass and economy, and home to the majority of the country’s energy production and reserves. While the emirate is home to the world’s sixth-largest proven oil reserves, financial buffers have helped it diversify and yield steady non-oil revenues.