Transcript Slide 1

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