Author : Oxford Business Group
Release : 2016-05-09
Genre : United Arab Emirates
Kind : eBook
Book Rating : 586/5 ( reviews)
Book Synopsis The Report: Abu Dhabi 2016 by : Oxford Business Group
Download or read book The Report: Abu Dhabi 2016 written by Oxford Business Group. This book was released on 2016-05-09. Available in PDF, EPUB and Kindle. Book excerpt: Subdued oil prices prompted a trimmed federal budget for 2016 as the UAE, like other countries in the region, tightened its belt in response to falling hydrocarbons revenues. However, a sustained focus on economic diversification and targeted investment in Abu Dhabi’s key non-oil sectors in recent years means the emirate is well positioned to weather the storm. Looking forward, plans for future development are mapped out in Abu Dhabi Economic Vision 2030, a comprehensive economic policy document that aims to reduce dependence on oil and gas, thereby creating a more sustainable knowledge-based economy for the emirate and its inhabitants. Aided by hydrocarbons reserves that are among the world’s largest and substantial financial resources, Abu Dhabi has built up a strong foundation to become a regional leader and an increasingly important global player in a wide variety of sectors, including oil and gas, financial services, health care, aviation and renewable energy.