Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Dr. Adeeb Alafifi, Director, Trade & Exports DED Abu Dhabi 1 Abu Dhabi Economic Vision 2030: Investment and Export Support UAE & Abu Dhabi Abu Dhabi United Arab Emirates Abu Dhabi • 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 4 Why Diversify? 4 Reasons • GDP volatility connected to the1960 price of oil Abu Dhabi GDP Growth Volatility – In % • Diversification Quotient Avg Monthly (AED) Income: 2004 31% Avg Budget Performanc (%2.69 of GDP): 2000-2005 35% Al Gharbia (123,000) 25% 2.3x 30% 2,700 GCC Average 3.87 -27.7%25% 20% Abu Dhabi 1.3% 5.18 UAE 15% Al Ain (455,000) 4,600 10% -3.1% Norway 3% 3% 3% 2% 2% -0.1% 1% 1% Transformational Economies 5% Average 5% 4% 7% 2% 2% 1% 1% 1980-1985 G7 Average 5.0% 1985-1990 0.0% -5.0% Abu Dhabi 0 0 GCC 1,000 1990-1995 -10.0% Canada 2,000 2 No Oil 1 1% 0% -20.0% Norway 3 4 3,000 4,000G7 Oil 10% 3% 1995-2000 -15.0% 1.4x 15% 5.29 3% 20% 8% 5% 5% Abu Dhabi0% (821,000) • Balance social development 35% 30% 1% 1% 1% 2000-2005 -25.0% 5 5,000Oil 6,0006 Price 5% 6,300 6.07 0% -30.0% Oil Price Change Volatility – In % – • Government budget deficits without oil revenues Diversification Quotiant: 2005 7,0007 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 6 Energy Chemicals Metals & Mining Aviation, Aerospace & Defense • Pharmaceuticals, Biotech & Life Science • Hotels, Restaurants & Services • Healthcare Equipment & Services • Transportation, Trade & Logistics • Education • Media • Financial Services • ICT Enablers • • • • Regionally Focus Globally Focus 2030 Strategic Sectors • 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 How is the private sector being helped? 9 • Stakeholders • Partnering companies • Site visits After Care • Abu Dhabi and Investment information • Incentive programs • Special requests Linkage • Forums • Conferences • Trade Shows • Promotional tools Information Services Investment Promotion Investment Promotion & Investor Services • Meet existing investors • Experience of investment process • Solutions to investor issues Investment Activities 11 Today’s Investor is Tomorrow’s Exporter 12 Export Support Services & support delivered to companies Services Export Capability Building EDE Engagement, Network Building, Export Skills & Training, Mentors, Graduate Export Program Export Development Executives (EDE) EDE evaluate the company and recommend type of support & works with sector’s export development Sectors Market Info & Intelligence Seminars, Market Intelligence Center, SME Helpline, Sector Reports Market Connection Trade Fairs, Export Sales Missions, Inward Buyers Visits, Custom Market Program Strategic Sectors Int’l Traded Services Const. & Eng. 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 Other Mfting Food & Beverage; Packaging, Textiles & Consumer Goods; Oilfield Equipment; Energy; and Metals Advocacy Market Development & Entry New Exporters Companies with little or no exporting experience, capabilities development of the basic skills to export 13 Export Support Activities 14 Thank you 15