Click here to read our Abu Dhabi Economic Report and Investment Analysis 2023 online …
Abu Dhabi stands at the forefront of the MENA region’s economic growth, boasting a 9.3% growth rate in 2022. Looking ahead, the emirate’s ambitious roadmap, the Abu Dhabi Economic Vision 2030, charts a course for economic transformation. A key goal of the roadmap is to substantially reduce reliance on hydrocarbons, with a target of achieving 64% of GDP from non-hydrocarbons sectors by 2030. Th
Abu Dhabi’s commitment to diversification and improving its business environment led the emirate to record the MENA region’s fastest economic growth rate in 2022, at 9.3%. The focus on strengthening and diversifying manufacturing lines, alongside enhancing export capabilities, is propelling continued growth. Regulatory updates and progressive development strategies seek to revitalise foreign direct…
As part of the UAE’s efforts to enhance long-term economic resilience, the country has unveiled numerous strategic initiatives to support the growth and diversification of export products and markets. Notably, the federal government has stepped up efforts to develop comprehensive economic partnership agreements (CEPAs) with high-potential overseas markets, while supporting manufacturers to enhance…
With global geopolitical instability elevating the threat of cyberattacks against businesses and government agencies alike, the GCC is rapidly developing more robust and comprehensive cybersecurity strategies to respond to the evolving nature of such threats and expand the local ICT talent pool. Since experiencing their first major cyberattacks in the early 2010s, the six members of the GCC have looked…
Prior to the Covid-19 pandemic the Abu Dhabi government was in the process of diversifying the emirate’s economy to reduce its dependence on hydrocarbons revenue and insulate it against global oil price volatility. Significant developments included the 2019 establishment of the Abu Dhabi Investment Office (ADIO) and the activation of a new law regarding public-private partnerships (see overview).…
As part of plans to expand and diversify its global trade partners and fulfil their respective national development strategies, the GCC has launched negotiations with the UK on a free trade agreement (FTA). This partnership is expected to bolster the bloc’s economy, help attract investment and provide greater opportunities for local businesses. On June 22, 2022 the two parties signed a joint statement…
Stimulating greater trade and investment inflows is vital to the Abu Dhabi government’s ongoing drive to diversify the emirate’s economy away from a dependence on hydrocarbons. While diversification has been a central goal for both the federal and Abu Dhabi governments for a number of years, the post-Covid-19 pandemic era has seen a sharpening of focus in this respect, as the emirate attempts to…
FAIRMONT BAB AL BAHR T: +971 2 654 3333 www.fairmont.com/abu-dhabi babalbahr@fairmont.com Rooms: 366 rooms, suites and villas. Business & Conference Facilities: Nine meeting rooms, one ballroom, a pre-function area and nine outdoor venues. Health & Leisure Facilities: Poolside jacuzzi, two outdoor pools, private beaches, gym, sauna and kids’ areas. Guest Services: Specialty shops, beauty…
