Although the emirate’s economic growth can be primarily attributed to its vast hydrocarbons resources, it has also made progress diversifying into new sectors such as manufacturing, tourism, aerospace, defence, finance and logistics. In addition to its economic investments, Abu Dhabi has also made major contributions to social welfare as well as infrastructure, which has been identified as the bedrock for future growth.
The government has played a key role in the expansion of the security, aerospace and defence industry over the past decade in an effort to strengthen the UAE’s defence capabilities and as a means of boosting economic diversification. Despite challenges such as a high level of regional competition, most local defence and aviation firms expect to see continued expansion for years to come. The evidence suggests that the emirate has succeeded in nurturing new economic sectors and is on track to meet its goals. The oil and gas sector accounted for 56.5% of Abu Dhabi’s GDP at current prices in 2012, followed by construction (9.6%), manufacturing (5.9%) and real estate (4.4%).
OBG talks to Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs
OBG talks to Nasser Alsowaidi, Former Chairman, Abu Dhabi Department of Economic Development
OBG talks to Khaldoon Khalifa Al Mubarak, Group CEO and Managing Director, Mubadala
OBG talks to Abdulla Nasser Al Suwaidi, Director-General, Abu Dhabi National Oil Company (ADNOC)
OBG talks to Sultan bin Nasser Al Suwaidi, Governor, Central Bank of the UAE
OBG talks to Sheikh Sultan bin Tahnoon Al Nahyan, Chairman, Abu Dhabi Tourism & Culture...
OBG talks to Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Western Region
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