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Report | The Report: Abu Dhabi 2019

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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Chapter | Transport from The Report: Abu Dhabi 2019

With major port, airport, road network and railway projects under way, Abu Dhabi’s transportation sector has become a major focus of investment in recent years. International investors and developers are playing a central role in infrastructure planning, construction and management, which is seen as a strategic priority driving the emirate’s economic growth and diversification initiatives. Home of the country’s capital, Abu Dhabi City, and comprising nearly 90% of its land area, 30% of its population and around 60% of the national GDP, Abu Dhabi remains an important player in the administration and development of both local and national transport systems. This chapter contains an interview with Mohamed Juma Al Shamisi, CEO, Abu Dhabi Ports.

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 as deals continue to be signed with international arms manufacturers for military equipment for the UAE’s armed forces. In recent years a core focus in Abu Dhabi has been on the commercial development of the emirate’s own security, aerospace, defence industries, with the sector constituting a key pillar of the Abu Dhabi Economic Vision 2030 long-term strategy. This chapter contains an interview with Maktoum Ali Al Sharifi, Director-General, Abu Dhabi Police.

Chapter | Utilities from The Report: Abu Dhabi 2019

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, reflecting the UAE’s federal nature and the relevance of these industries to the public interest. As home to the capital and the vast majority of the UAE’s hydrocarbons resources, Abu Dhabi is central to federal decision-making. Power and water are closely related in the UAE, since most desalination units from which potable water is derived are linked to power plants. This chapter contains an interview with Mohamed Jameel Al Ramahi, CEO, Masdar.

Chapter | Energy from The Report: Abu Dhabi 2019

Abu Dhabi has one of the world’s largest and most developed hydrocarbons industries, benefitting from its substantial resources and openness to international investment. Building on decades of steady growth and development, the sector is undertaking a shift. The drive to diversify has resulted in higher levels of investment in both non-conventional hydrocarbons and downstream capacity, and increased participation from a widening range of global partners. This chapter contains interviews with Sultan Al Jaber, UAE Minister of State; and Group CEO, Abu Dhabi National Oil Company; and Awaidha Murshed Al Marar, Chairman, Department of Energy.

Chapter | Insurance from The Report: Abu Dhabi 2019

In 2017 the UAE was home to the largest and fastest-growing insurance sector in the GCC. The industry has recorded strong compound annual growth rates in both non-life and life segments during the last decade, while takaful (Islamic insurance) products have developed considerably since 2012. This growth has come on the heels of an influx of expatriates, increase in the population of working-age nationals, investment in construction in the run up to Expo 2020 and several legal reforms. The UAE Insurance Authority has recently taken steps to both boost public awareness about the benefits of coverage and to propose reforms that would professionalise industry standards to meet those of more mature, foreign markets.

Chapter | Islamic Financial Services from The Report: Abu Dhabi 2019

Abu Dhabi is a prominent player in Islamic finance and is active in markets for sharia-compliant debt; deposit, lending and investment schemes; and risk-management through takaful (Islamic insurance). Acting through the Abu Dhabi Global Market, the emirate’s financial free zone, the sector has access to domestic as well as offshore service providers. Together with the six other emirates of the UAE, Abu Dhabi participates in a national level market, which is the world’s fourth-largest in terms of Islamic finance assets, at $203.2bn. The emirate holds just over 9% of the $2.2trn total global sharia-compliant assets, 72% of which is held by banks. This chapter contains an interview with Khamis Mohamed Buharoon, Acting CEO and Vice-Chairman, Abu Dhabi Islamic Bank.