1 Dr. Adeeb Alafifi, Director, Trade & Exports DED Abu Dhabi.
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Transcript of 1 Dr. Adeeb Alafifi, Director, Trade & Exports DED Abu Dhabi.
Abu Dhabi Economic Vision 2030: Investment and Export Support
Abu Dhabi
4
• 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
1960
Why Diversify? 4 Reasons• GDP volatility
connected to the price of oil
• Government budget deficits without oil revenues
• Diversification Quotient
• Balance social development
1980-1985 1985-1990 1990-1995 1995-2000 2000-20050%
500%
1000%
1500%
2000%
2500%
3000%
3500%
400%
3100%
500%
700%800%
500%
300%
500%
200%300%300%
200%300%
200%100%
300%
100% 100% 100% 100%200%
100% 100%0%
100%
Abu Dhabi GCC Canada Norway G7
Oil Price
Change V
ola
tility – In
% –
35%
30%
25%
20%
15%
10%
5%
0%
Oil Price
Norway
Abu Dhabi
-30.0%-25.0%-20.0%-15.0%-10.0%-5.0%0.0%5.0%
-0.1%
1.3%
-3.1%
-27.7%
Avg Budget Performanc (% of GDP): 2000-2005
No Oil Oil
G7 Average
Transformational Economies Average
UAE
GCC Average
Abu Dhabi
0 1 2 3 4 5 6 7
6.07
5.29
5.18
3.87
2.69
Diversification Quotiant: 2005
Abu Dhabi (821,000)
Al Ain (455,000)
Al Gharbia (123,000)
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000
6,300
4,600
2,700
Avg Monthly (AED) Income: 2004
2.3x
1.4x
6
Economic Vision 2030• Abu Dhabi’s aspirations to diversify its
economy
• Oil-based to knowledge-based
• Shift where real GDP is generated
Sector % of rGDP: 2005 Forecast % of rGDP: 2030 Avg. Growth Rate
Oil 59 36 4.5
Non-oil 41 64 8.8
2030 Strategic Sectors
Globally Focus
• Energy• Chemicals• Metals & Mining• Aviation, Aerospace
& Defense• Pharmaceuticals, Bio-
tech & Life Science• Hotels, Restaurants &
Services• Healthcare
Equipment & Services
Regionally Focus
• Transportation, Trade & Logistics
• Education• Media• Financial Services• ICT Enablers
• Construction & Engineering
• Construction Materials
• Electrical Equipment• Machinery• Food & Beverage
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
Investment Promotion & Investor Services
Investment
Promotion
•Forums•Conferences•Trade Shows•Promotional tools
Information Services
•Abu Dhabi and Investment information•Incentive programs•Special requests
Linkage
•Stakeholders•Partnering companies•Site visits
After Care
•Meet existing investors•Experience of investment process•Solutions to investor issues
13
Export SupportServices & support delivered
to companies
Export Development Executives (EDE)
EDE evaluate the company and recommend type of
support & works with sector’s export development
Strategic Sectors
Int’l Traded Services
Const. & Eng. Other Mfting New
Exporters
Renewable Tech.; Semiconductors; Pharmaceuticals, Biotech & Life Sciences; Aviation, Aerospace & Defense; Transportation, Trade & Logistics; Chemicals
Education; Media; Financial Services; Telecom/ICT; Healthcare Equip. & Services; Oil & Gas Services; Other Services
Const. & Engineering; Engineered Metal Products; and Electrical Equipment
Food & Beverage; Packaging, Textiles & Consumer Goods; Oilfield Equipment; Energy; and Metals
Companies with little or no exporting experience, capabilities development of the basic skills to export
Export Capability Building
Market Info & Intelligence
Market Connection Advocacy
EDE Engagement, Network Building, Export Skills & Training, Mentors, Graduate Export Program
Seminars, Market Intelligence Center, SME Helpline, Sector Reports
Trade Fairs, Export Sales Missions, Inward Buyers Visits, Custom Market Program
Market Development & Entry
Services
Sectors