UAE: Abu Dhabi Articles & Analysis

While reduced oil prices are undoubtedly a concern for the emirate’s authorities, economic diversification efforts of recent years mean Abu Dhabi is well placed to weather a prolonged period of subdued prices. Vision 2030 meanwhile contains a raft of goals that will further reduce the emirate’s reliance on hydrocarbons, and continue to foster the emergence of a more sustainable and knowledge-based economy in the years ahead.

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Recent moves by the Abu Dhabi and UAE governments to waive or reduce hotel and visa fees are expected to bolster the emirate’s increasingly active tourism sector and pave the way for more investment.

In late June the Department of Energy (DoE) announced it had shortlisted 25 companies for a tender to develop, finance and operate a new Dh2bn ($544.6m) desalination facility at the Al Taweelah Power Complex, 45 km north of Abu Dhabi City.

Improving economic conditions, increased tourism numbers and the launch of two major development projects are forecast to support growth in Abu Dhabi’s retail sector, especially within the food and beverages (F&B) segment.

Breaking with tradition, Abu Dhabi has announced it will begin holding open bids for new oil and gas concessions as part of its broader strategy to maximise returns and boost the sustainability of its hydrocarbons industry.

Abu Dhabi’s plans to unlock the share value of some of its key economic assets are gathering steam, with initial public offerings (IPOs) of a number of public enterprises expected in 2018, in moves that could encourage private sector companies to follow suit. 

Off-plan projects that offer residential buyers attractive incentives and greater affordability could help offset muted demand in Abu Dhabi’s broader real estate market this year, which is still recovering from a slowdown in economic growth in 2017.