Abu Dhabi is the capital of the United Arab Emirates. The city is situated on the island in the Persian Gulf off the Central West Coast. One of the interesting facts about this city is the home to the President of the UAE. The president of the UAE is also a member of the AI NAHYAN Family.
Data and Facts
- According to the data of 2020, the estimated population of Abu Dhabi is around 1.48 Million.
- The contribution to the UAE Economy of Abu Dhabi is Two Third that means around $400 Billion.
- The city is the home of many government officials including the UAE Government and Supreme Petroleum Council.
- The Government Offices of the UAE Government are in this city.
- This is the large developed metropolitan area of the country.
The city is working under the rules of the Department of Municipal Affairs and also the part of the Central Capital District. The funding for the development of the city is going through the state government because the city is the capital of the UAE and the major thing the president office is also located in this city.
Abu Dhabi is the wealthiest emirate of the UAE in terms of Gross Domestic Product (GDP) and per capita income.
Abu Dhabi's economic base rests heavily on crude-oil production. The emirate produce 9% of the world’s proven oil reserves and 5% of the World’s Natural Gas. Petroleum was discovered in 1958 at the submarine field of Umm al-Shayf, about 75 miles offshore. Additional offshore fields are at the Ruqq Al-Zukum (Zukum shoal, northwest of Abu Dhabi city) and connected by submarine pipeline to Das Island, and at Umm al-Dalkh, north of Abu Dhabi town. Principal onshore production is from the Murban and Bu Hasa fields, the centers of which are in the central part of the state, 25 to 40 miles from the coast.
In regards to manufacturing, the dominant industries have been chemicals and plastics along with aluminum. The UAE government also has made significant investments in petrochemicals and other downstream hydrocarbon industries. In addition, the government is encouraging local-foreign ventures to invest in manufacturing and offering low-interest loans through the Emirates Industrial Bank to private financiers willing to invest in manufacturing in the UAE. Fifty percent of all manufacturing centers are in Abu Dhabi.
Abu Dhabi plays a large role in the world economy. Its sovereign wealth fund is the world's wealthiest sovereign fund, in terms of total asset value. The current estimates suggest that the federation has more than a century of oil supplies and gas reserves expected to last for about 150 years
Abu Dhabi city is a mixture of almost all kinds of areas which makes this city strong for all aspects of life. Geographically this city becomes more beneficial and strong in terms of business especially when we see Dubai and Saudi Arabia covering it from both ends.
The emirate provides a multicultural business environment where almost all the nationalities are getting equal opportunity for forming new companies. With the help of Abu Dhabi E-government Portal, applying for a trade license in the capital of UAE is simple and quick.
The Economic department provides different types of licenses like Commercial, professional, Industrial, agricultural, occupational and tourism.
The government of Abu Dhabi supports the business world with easy, fast and convenient options for each and every individual.
There are a large number of international companies headquartered in the city. Etisalat, National Bank of Abu Dhabi and First Gulf Bank have taken the top three positions in a ranking of the Abu Dhabi's Top 100 Companies
Public transport systems in Abu Dhabi include the Abu Dhabi public buses, taxis, ferries, and hydroplanes.
The Emirate has many ports. The main one is Port Zayed, the others are Musaffah Port and Khalifa Port, which opened in 2012. They are owned by Abu Dhabi Ports Company and managed by Abu Dhabi Terminals.
The main aviation hub of the emirate is the Abu Dhabi International Airport, the second busiest airport in the UAE. Passenger numbers at Abu Dhabi International Airport rose by 17.2 percent in 2015, with more than 23 million travelers passing through its terminals during that year. A 2nd runway and new terminal was also built recently.
Al Bateen Executive Airport was the old international airport in Abu Dhabi until 1982. Now it is being used by the military and small commercial planes.
Hydrocarbons have powered Abu Dhabi’s economy since the discovery of its oil in 1958, but now the emirate is moving to support homegrown tech start-ups as it looks to a greener future less dependent on fossil fuels.
The government currently provides incentives to encourage tech start-ups to locate to the Middle East and North Africa (MENA) region - including subsidized office space, housing and healthcare for founders and employees.
Ahead of the World Economic Forum’s Annual Meeting of the Global Future Councils in neighbouring emirate Dubai, Abu Dhabi’s state investment company, Mubadala, announced in 2019 a $250 million tech fund to enhance the status of the UAE as an innovation hub.
The first $150 million were invested in venture capital funds supporting Abu Dhabi tech incubator Hub71. This incubator is strategically located in the financial centre of the capital—Abu Dhabi Global Market Square on Al Maryah Island. It is not only powered by Mubadala but also Microsoft as well as the Abu Dhabi Global Market, along with being backed by the Ghadan 21 program, that provides multiple benefits to the startup ecosystem through its initiatives.
Hub71 hosts 18 companies, a number forecast to grow to 25 by the end of 2020. Some of the most important startups operating under its umbrella are BitOasis, Lamsa, Surkus, Bayzat, YACOB and SafarPass.
Social Wellness and Human Resources
The city is also known as the home of Local Private Schools and International Schools. Both government and private institutions of education are working in this city of Science and Technology. The top universities of the city are New York University, Higher Colleges of Technology, Masdar Institute of Science and Technology, New York Film Academy, New York Institute of Technology, Abu Dhabi University, and Paris-Sorbonne University Abu Dhabi. These are the government-sponsored universities.
The facility of both government and private hospitals is available in this city for the citizens. There is a wide range of big level hospitals situated in this city for the citizens.
The media of the city is known as Abu Dhabi Government Media Office or ADGMO. The organization was founded in the year 2019 and responsible for operating the government in the media. This organization also represents the reports and press conferences for the Emirate and does supervision in local and international media as well.
There are so many cultural foundations of music in this city including the National Theatre. One of the strong visible organizations of Music in Abu Dhabi is Abu Dhabi Classical Musical Society.
There are so many museums in this city. You should take a look at the list of top 5 museums of Abu Dhabi.
- Abu Dhabi Art Hub
- Louvre Abu Dhabi
- Abu Dhabi Heritage Village Museum
- Emirates National Auto Museum
One of the two major games which are popular in the city is Football and Cricket. Not only professional players but the common people of the city are playing football in parking lots near Corniche (this is the spacious place to play football. The four top football stadiums of the city are Al Jazeera Stadium, Al Wahda Stadium and Sheikh Zayed Football Stadium (Zayed Sports City) and Hazza Stadium.