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Chapter | Education from The Report: Abu Dhabi 2019

Billions of dirhams are being spent each year on education in Abu Dhabi by the emirate’s leaders, investors and families, with the aim of equipping new generations with the skills necessary to lead the transformation of the public and private sectors, and drive the development of a knowledge-based economy. Standards in schools and universities are closely monitored to ensure a quality learning environment for young citizens and residents, and efforts have been made to attract well-known international institutions in the tertiary and private school segments to open campuses in Abu Dhabi. The Abu Dhabi authorities have also focused on improving public schools, colleges and universities. This chapter contains an interview with Jameela Salem Al Muhairi, Minister of State for General Education.

Chapter | Industry from The Report: Abu Dhabi 2019

Sixty years after Abu Dhabi’s first oil discovery at the Murban Bab oilfield, industry is proving to be an engine of growth and economic diversification in 2019, as Emirati entrepreneurs explore and nurture new opportunities to reduce reliance on the volatile energy sector. Their efforts to diversify include vertical development into downstream industries such as petrochemicals, plastics and by-products like sulphur; horizontal moves into energy-intensive manufacturing of steel and aluminium that in turn feeds production clusters; and lateral shifts into the technologies of the future that are expected to shape the Fourth Industrial Revolution. This chapter contains interviews with Jamal Salem Al Dhaheri, CEO, Senaat; and Abdulla Jassem Kalban, Managing Director and CEO, Emirates Global Aluminium.

Chapter | Construction & Real Estate from The Report: Abu Dhabi 2019

Although it has become a strong contributor to economic diversification, Abu Dhabi’s real estate sector is being put under pressure by slower growth, brought on by low global oil prices that started in 2014. Spending cuts since 2015 have been reflected in capital value, with rental rates declining to their lowest levels since 2013. However, the slowdown has masked encouraging developments in the sector, with a series of Abu Dhabi government reforms unveiled in 2015 with a view on protecting against the emergence of another property bubble. Private developers are becoming more responsive to market demand with regard to product offering, and have begun exploring alternative projects, such as real estate investment trusts and joint ventures. This chapter contains interviews with Talal Al Dhiyebi, CEO, Aldar; and Falah Al Ahbabi, Chairman, Department of Urban Planning and Municipalities.

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.

Chapter | Construction & Real Estate from The Report: Dubai 2019

Dubai’s economy went through several years of expansive growth in the years following the turn of the millennium, with much of this driven by an active and rapidly expanding construction sector. Indeed, such was the pace and scale of activities at the time that a popular claim had it that the emirate was home to around 20% of the world’s cranes at the height of the boom in 2006. Even though growth levels are not what they once were, Dubai’s construction industry continues to play a significant role in its economy, and the emirate has become a global leader in terms of the value of its ongoing projects.

Chapter | Maritime from The Report: Dubai 2019

Maritime endeavours are a key component of Dubai’s history. The city was originally established as a trad¬ing port and achieved its prosperity chiefly from pearl exports. The discovery of oil in the emirate in the 1960s not only created a new source of wealth, but also encouraged the nation to develop modern maritime infrastructure, as oil exports relied heavily on shipping. In recent years, maritime facilities have been instrumental in Dubai’s efforts to diversify its economy. As part of a larger network of transport, logistics and free zones, the maritime industry is one of the cornerstones of Dubai’s economy. This chapter contains an interview with Sultan Ahmed bin Sulayem, Chairman, Ports, Customs & Free Zone Corporation and Dubai Maritime City Authority.