Bolstered by the favorable oil prices, the emirate’s economy may be poised to grow by 8% in the next two years. The growth is expected to stem from government spending and foreign direct investments.
The Abu Dhabi Department of Economic Development foresees 5 sectors as the main drivers for this growth:
- SMEs, from startup to scaleup
- Trade
- Foreign Investment, through easing restrictions for access
- Knowledge, through new immigration policies
- New sectors, including retail, agritech, e-commerce, healthcare, manufacturing, Fintech, ICT and logistics
Additionally, Abu Dhabi will host the UN Conference on Trade and Development (UNCTAD) World Investment Forum, which will serve as a platform to discover strategies and solutions for global development. Coinciding with the Dubai Expo, both events are expected to create an enhanced opportunity for businesses and visitors.
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