In the growth and development of economic innovation, the capital city of the United Arab Emirates; Abu Dhabi is no exception. Over the years, it has developed to an extent where it is known as one of the few cities that are dominating in many industries and is a destination to many investors and individuals. The following are ten of the economic sectors that are growing today in Abu Dhabi.

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Oil and Gas

The oil and gas industry has been Abu Dhabi’s primary economic activity for several years now. The industry is still evolving thanks to large supplies and efficient exploitation. That’s why the leaders’ strategy is to embrace innovative means of technologies so that energy and sustainability issues remain at the forefront in the future. Get details about Company Formation Service in Abu Dhabi.

Renewable Energy

When it comes to environment friendly initiatives of the region, Abu Dhabi is the leader of the pack. Initiatives such as the Masdar City project and the Noor Abu Dhabi solar power plant show that Abu Dhabi has taken a big step towards making these efforts become a reality. With the whole world shifting its focus more towards green alternative energy sources, the current high growth rate of this sector is expected to be further accentuated in the years to come.

Tourism and Hospitality

Abu Dhabi’s tourism sector has shown positive growth considering some of the attractions such as Louvre Abu Dhabi, Ferrari World, and the remarkable clean beaches experience significant tourist arrival annually. This, coupled with first-class hotels and state of the art infrastructure amongst other things, results in the city welcoming more than millions of tourists each year. Know about Business Setup in Abu Dhabi Mainland.

Real Estate and Construction

There is a lot of activity in real estate and construction sector due to projects like Saadiyat Island and Al Reem Island being designed and implemented. Therefore, the sector is still developing and construction companies are in great demand thanks to a large amount of construction and infrastructure work that is still needed.

Healthcare

Abu Dhabi is a sought-after healthcare capital that benefits from an extensive range of hospitals, clinics, and specialty medical facilities. Cleveland Clinic Abu Dhabi is an example of a developed structure that confirms the city’s widespread medical services and health travel leadership. Get details about Company Formation Service in ADAFZ.

Financial Services

Abu Dhabi, on the other hand, has witnessed the growth of financial institutions such as the Abu Dhabi Global Market(ADGM). The emirate embraces banking, investment, and financial technology in a regulated and open economy thus appealing to foreign companies.

Education and Training

Education is a very significant sector owing to a great number of people and a trend towards the knowledge-based sectors of the economy quality and availability of education has taken on a whole new level. In well-known universities and other training institutions, a variety of courses are available to enable employees to meet the requirements of the future. Know about Company Formation Service in ADIC.

Technology and Innovation

Abu Dhabi has committed substantial resources to technology and innovative development. The city specifically supports private sector-led initiatives through the application of such innovative approaches as tech hub and incubation. Key areas responsible for growth within the industry includes artificial intelligence, blockchain and robotics revolution among the forefront.

Aerospace and Defense

A significant portion of Abu Dhabi’s economic activity is in the field of Aerospace and Defense with companies such as EDGE and Strata Manufacturing making the city a notable global player in the sector. Get details about Company Formation Service in ADGM Free Zone.

Logistics and Transportation

Geographically located at the heart of the third industrial revolution, Abu Dhabi as a hub is a strategic location for all logistics systems. Two major projects–namely, the Khalifa Port and Etihad Rail–have proven crucial in transforming a simple consumption center to an export-driven economy.

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Abu Dhabi is a region that has a will of realizing and has the most flourishing economies. With the abundance of established sectors like oil and gas and the new ones including technology and sustainable energy, the region has attracted many investments and talents. This is heightened by the fact that most of these sectors are still expanding, thus consolidating Abu Dhabi’s status as one of the best world class economies.