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Dr. Adeeb Alafifi , Director , Trade & Exports DED Abu Dhabi. Abu Dhabi Economic Vision 2030: Investment and Export Support. UAE & Abu Dhabi. Abu Dhabi. United Arab Emirates. Abu Dhabi. The Emirate: 87% of UAE’s land mass; 3 regions Hospitality, life style & safe
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Dr. AdeebAlafifi, Director, Trade & Exports DED Abu Dhabi
Abu Dhabi Economic Vision 2030: Investment and Export Support
UAE & Abu Dhabi Abu Dhabi United Arab Emirates
Abu Dhabi • The Emirate: • 87% of UAE’s land mass; 3 regions • Hospitality, life style & safe • Cosmopolitan: 150 + nationalities • World-class infrastructure • Tax free • A strategic global commodity • Proven Oil Reserves: 9% • Proven Gas Reserves: 5% • Abu Dhabi City: • The UAE’s Capital City
Why Diversify? 4 Reasons 35% 30% 25% 20% 15% 10% 5% 0% 1960 • GDP volatility connected to the price of oil • Government budget deficits without oil revenues • Diversification Quotient • Balance social development 2.3x Oil Price Change Volatility – In % – 1.4x Oil Price
Economic Vision 2030 • Abu Dhabi’s aspirations to diversify its economy • Oil-based to knowledge-based • Shift where real GDP is generated
Government Investment • Education: • K-12 • Vocational • University • Graduate • Infrastructure: • Airports • Seaports • Rail • Roads • Healthcare • Investment/Industrial Sites • Accelerator businesses Private Sector to Develop the Mid and Down Stream: Longer Term Growth
Export Support Services Services & support delivered to companies Export Development Executives (EDE) EDE evaluate the company and recommend type of support & works with sector’s export development Sectors