UAE: Abu Dhabi Economy

Chapter | Table of Contents from The Report: Abu Dhabi 2020

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Abu Dhabi is home to the world’s sixth-largest proven oil reserves and is working to achieve self-sufficiency in natural gas. It has been successfully pursuing diversification, particularly in terms of manufacturing, banking and ICT. While the global Covid-19 pandemic and decline in international oil prices poses challenges for the emirate, the fundamentals underpinning its economy remain strong.

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With Saudi Arabia announcing plans to raise $55bn through its privatisation programme, Gulf countries are stepping up efforts to stimulate private investment in public assets and projects, with a view to strengthening state finances, spurring diversification and driving their respective Covid-19 recoveries.

How has the Covid-19 pandemic generated challenges and opportunities for economic development in Abu Dhabi?

– Economies in the region were hit by reduced trade volumes and lower oil prices

– Governments launched extensive stimulus packages to stabilise their economies

– Short-term recovery will be tied to oil prices and the resumption of travel

– The pandemic looks set to accelerate economic diversification efforts

While many Gulf nations were already working to diversify their economies prior to the coronavirus pandemic, the subsequent economic downturn and collapse in oil prices has meant that governments in the region have had to reassess and – in some cases – accelerate their strategic plans.

Articles & Analysis | Comfortable hotels in Abu Dhabi from The Report: Abu Dhabi 2020


THE ABU DHABI EDITION T: +971 2 208 0000 Rooms: 198 guest rooms and suites, with 90 deluxe rooms, nine deluxe marina rooms, 59 deluxe marina rooms with balconies, five loft rooms, 10 suites, 16 marina suites, seven premier marina suites, one marina penthouse and one...


ETIQUETTE & DRESS: Hospitality is a key part of Emirati culture. Long greetings before meetings – whether for business or socialising – are important. In Abu Dhabi it is common for men to shake hands in business settings, and exchanging business cards is fairly informal. However, it is not advisable to shake a woman’s hand unless...

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