Abu Dhabi’s economy thrives, fuelled by global partnerships and market innovation
Abu Dhabi: Economic Snapshot 2023
Click here to read our Abu Dhabi Economic Report and Investment Analysis 2023 online …
The Report: Abu Dhabi 2023OBGplus
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
Emilio Pera, CEO and Senior Partner, KPMG Lower Gulf: ViewpointOBGplus
Viewpoint:Emilio Pera As the capital of the UAE, Abu Dhabi is an economic centre that attracts people and businesses from around the world. The emirate’s strategic location, stable political environment and forward-think-ing policies make it a popular destination for both established and emerging businesses. The introduction of a federal corporate tax pre-sents challenges and opportunities…
The Report: Abu Dhabi 2023: Industry & RetailOBGplus
The Covid-19 pandemic exposed global supply chain inefficiencies, affecting manufacturing and retail alike. Abu Dhabi, as well as the broader UAE, is applying lessons from this era and focusing on self-sufficiency and local supply chains. This approach strengthens local retail and wholesale operations, which are adapting to the 5% value-added tax introduced in 2018. At the same time, enhanced governance,…
The Report: Abu Dhabi 2023: Trade & InvestmentOBGplus
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…
What is behind the increase in e-commerce activity in Abu Dhabi?OBGplus
Abu Dhabi is creating an environment that supports the growth of the e-commerce segment, backed by evolving regulations, strategic infrastructure initiatives, and support for small and medium-sized enterprises (SMEs). Regulatory Development In September 2023 the UAE Cabinet announced a new e-commerce law that aims to boost the country’s digital economy and enhance its economic competitiveness. The…
How Abu Dhabi leverages its industrial base to enhance economic resilienceOBGplus
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…
Why emerging markets are turning to sustainable tourismOBGplus
As emerging markets develop new attractions and tap into new visitor source markets, they are leveraging technology and sustainable development in line with emissions targets. Following sharp declines in 2020, international tourism figures rebounded in 2021 to reach approximately 63% of pre-Covid-19 pandemic levels in 2022. Notably, in September of that year arrivals in the Middle East and the Caribbean…