Abu Dhabi to raise FDI to 23% of GDP by 2030

Abu Dhabi to raise FDI to 23% of GDP by 2030

Abu Dhabi economy in recent years has made major steps to diversify its economy away from oil revenues into petrochemicals, steel and aluminum. The multi-billion dirham projects are in line with Abu Dhabi's Economic Vision 2030 that aims for sustainable growth on a solid economic basis.

According to Abu Dhabi's Urban Planning Council some $200 billion (Dh734 billion) will have been pumped by 2013 into various infrastructure projects. The idea behind Abu Dhabi's economic diversification is that if oil prices go down, there will be other sources of income to compensate for the loss in oil revenue.

However, oil revenues are still an important source of revenue for the emirate, contributing 49 per cent to the GDP. Experts say that Abu Dhabi's economic growth momentum will gain traction in 2011 from surging international oil prices and fast-improving global business confidence which will help boost the emirate's non-oil income as well.

Abu Dhabi also has identified aviation and high-end business and leisure tourism as key elements in its economic growth strategy and is judiciously investing income from oil exports to become a major regional aviation hub.

If you are a potential investor, Abu Dhabi does offer lucrative investment opportunities. Many foreign and local investors are using offshore structures to ride the wave of Abu Dhabi’s Economic Vision 2030. Contact us if you already have investments in Abu Dhabi or planning to invest, we will assist you in protecting your investments through offshore structures.