UAE: Abu Dhabi Economy

Chapter | Security, Aerospace & Defence from The Report: Abu Dhabi 2019

The UAE continues to spend heavily on its military capabilities, while at the same time pushing to expand its domestic defence-related manufacturing industries, as a means both to better protect its own national security and to contribute to diversifying its economy away from oil and gas. Significant agreements point to the long-term success of the goal of developing a domestic industry, even...

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.

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In what ways are digital tools and advanced analytical technologies improving the collection and interpretation of data?

Abu Dhabi’s economy expanded steadily in 2019, thanks in part to oil sector growth and the ongoing rollout of publicly backed economic stimulus plans.

Describe the role played by the private sector in terms of attracting international investment.

With the launch of a series of initiatives to support growth in the non-oil sector, Abu Dhabi is reinforcing its efforts to diversify the economy away from hydrocarbons.

 

Recent decades have seen a downward trend in corporate taxation, with headline corporate tax rates falling by 20 percentage points since the early 1980s. The average for advanced economies dipped to 22% in 2015, and investment incentives have further reduced effective rates for transnational corporations. After the 2007-08 global financial...

 

What initiatives are under way to create an ecosystem supportive of young entrepreneurs, start-ups, and small and medium-sized enterprises (SMEs)?