Arab Today, arab today abu dhabi’s success is a blueprint
Last Updated : GMT 13:16:13
Arab Today, arab today
Arab Today, arab today

For other emerging economies

Abu Dhabi’s success is a blueprint

Arab Today, arab today

Arab Today, arab today Abu Dhabi’s success is a blueprint

Abu Dhabi represents a blueprint
Abu Dhabi - Arab Today

Not a single Fortune 500 company had its headquarters in Abu Dhabi in 1970.

The total population was about 66,000, and the city's first international airport had just opened on a sandy airstrip.

Today, more than two million visitors pass through Abu Dhabi International Airport every month.

The emirate's GDP has grown almost 200-fold since the formation of the UAE, the population has surpassed two million and a quarter of the Fortune 500 companies have regional headquarters in the UAE.

This level of growth and profound transformation demonstrates the concrete results of a long-term economic diversification strategy.

Its aim is to reduce the UAE's reliance on hydrocarbons and to invest in industrial and service sectors to ensure sustainable economic growth and stability for generations to come.

Non-oil based GDP accounted for only 20 per cent of Abu Dhabi's economy just over 30 years ago.

Last year, 49 per cent of the emirate's GDP was non-oil based. Industries such as aviation, defence, manufacturing and renewable energy are now among the sectors playing significant roles in powering the UAE's future.

Experts from academia, business, civil society, international organisations and governments will assemble this week at Yas Marina Circuit as the capital hosts the World Economic Forum Summit on the Global Agenda 2015.

Abu Dhabi in many ways represents a blueprint for emerging economies across the region and around the world to leverage their natural resources as a tool for sustainable economic transformation and global competitiveness.

Under the leadership of the President, Sheikh Khalifa, we undertook a highly disciplined and deliberate approach to diversify the Abu Dhabi economy and balance the contribution of non-oil GDP.

We fostered the development of strategic industrial and service sectors, and invested heavily in education and healthcare assets – essential infrastructure components to achieve the long-term goal of moving to a sustainable, knowledge-based economy.

We have both a responsibility and an opportunity to help other emerging economies model this approach, and the summit provides a forum to make that happen.

Playing host to the summit creates other opportunities for Abu Dhabi as well.

It gives our leaders of the private and public sectors an opportunity to contribute to global discussions on the world stage.

Also importantly, it is a platform for the next generation of Abu Dhabi leaders.

Through initiatives such as the Observers Programme, the Student Journalism Programme and our Young Ambassadors Initiative, a range of young professionals have the opportunity to participate in the summit in meaningful ways.

They will be part of many discussions that may ultimately further shape their contributions to the global community in dynamic, positive and meaningful ways.

These future leaders will also face unprecedented change with the coming of the fourth Industrial Revolution – a topic that will be much discussed at the summit.

In another 40 years, their children's children will find it hard to imagine a time when technologies such as artificial intelligence and precision medicine were just gaining traction.

We hope to look back and know that by encouraging our young leaders to contribute to global dialogues and take an active interest in this country's future, we will be better prepared for another chapter of transformative development.  
Source: The National

    

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today abu dhabi’s success is a blueprint Arab Today, arab today abu dhabi’s success is a blueprint

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:21 2017 Monday ,20 February

Decline of Iraq’s foreign reserves to $49bn

GMT 18:15 2017 Sunday ,19 February

Official accuses militias of challenging companies

GMT 06:51 2017 Saturday ,18 February

Blames government for economic crisis

GMT 06:35 2017 Saturday ,18 February

MP calls for re-operating closed companies

GMT 13:35 2017 Friday ,17 February

Confirms Britain is biggest investor in Egypt

GMT 15:55 2017 Thursday ,16 February

Egyptian foods completely unobserved nor healthy

GMT 11:18 2017 Wednesday ,15 February

Reveals plan to get out of financial crisis
View News in Arabic - Business: أخبار الاقتصاد
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday