Abu Dhabi Economy & Why AIM Global 2023 Will be There?
Over the past 12 years, the Annual Investment Meeting (AIM) has evolved into the world’s leading investment platform, gathering investors as well as investment-attracting territories every year to address the challenges facing the world economy across all economic sectors, with the ultimate aim of achieving sustainable economic growth, development, and prosperity for everyone all over the globe.
That said, it is now becoming well known that the 12th edition of AIM will be hosted by Abu Dhabi Government, with the support of UAE’s Ministry of Industry & Advanced Technology, and with the Abu Dhabi Department of Economic Development as the event’s Lead Partner. What then?
Certainly, this high level of patronage & support that is provided by these government bodies to the international economic event would ensure that AIM Global 2023 will continue its 12-year success in boosting global sustainable development. However, an important question is still evoked, with good answers, thankfully. WHY ABU DHABI?
In reply, let’s dive deeper into the economic miracle of Abu Dhabi, today and tomorrow.
Abu Dhabi in the Present
As the largest Emirate in the UAE, Abu Dhabi constitutes 80 percent of the total territory of the nation. The emirate is home to the UAE’s capital and has a vast & extensive coastline.
Abu Dhabi has experienced, over recent decades, an enormous transformation as well as extraordinary economic growth & development, which got the emirate to grow exponentially and turn into a sprawling metropolis. Consequently, Abu Dhabi’s economy has advanced massively, growing to be highly competitive, both regionally and globally, a fact that is evidenced by figures. Abu Dhabi’s Gross Domestic Product (GDP) increased from 813,623 (Million AED) in 2017 to 932,441 in 2018 to 880,203 in 2019 to 678,841 in 2020 to 840,513 (Million AED) in 2021.
Abu Dhabi in the Future
Thanks to the far-sightedness of Abu Dhabi’s leaders, in addition to the abundance of oil and natural gas reserves, Abu Dhabi, after having grown into a vibrant hub and major player in various business & economic areas on the global stage, is now looking at the future through the emirate’s Abu Dhabi Economic Vision 2030.
The objective of this ambitious, large-scale vision is to create a full transformation of the Emirate’s economic base and produce global integration & enduring benefits to all. The emirate has a core commitment to building a sustainable and diversified, high-value-added economy by 2030. In a nutshell, Abu Dhabi’s vision for the future is based on developing a secure society and a dynamic open economy.
With this in mind, the emirate’s Policy Agenda is based on 9 pillars that aim to create the Emirate’s future. Remarkably, a glance at the following pillars will give us an idea of how the emirate will look in the years to come:
1. A large empowered private sector
2. The creation of a sustainable knowledge-based economy
3. An optional transparent regulatory environment
4. The continuation of strong and diverse international relations
5. Emirate resource optimization
6. Premium education, healthcare, and infrastructure assets
7. Complete international & domestic security
8. Maintaining Abu Dhabi’s values, culture, and heritage
9. A significant and ongoing contribution to the federation of the UAE
Moreover, the emirate has specific future PRIORITIES. Abu Dhabi’s Economic Policy Priorities are building a sustainable economy and ensuring that social and regional development is balanced to bring the benefits of economic growth and well-being to the entire population of the Emirate.
In further detail, Abu Dhabi’s 2030 policy agenda priority areas are Economic Development, Social & Human Resources Development, Infrastructure Development, Environment Sustainability, and Government Operations Optimization.
Given the present status and the future road map for Abu Dhabi, let’s dive deeper into the 5 reasons why Abu Dhabi’s competitiveness is high and is increasingly rising.
Why is Abu Dhabi the Best?
As an integral part of Abu Dhabi’s economic strategy, the emirate has 5 major competitiveness fundamentals, which explain why the emirate is increasingly becoming one of the best places worldwide to do business and make profits in.
1-Business & Investor Friendliness
It’s in Abu Dhabi where you’ll find the best taxes & fees, ease of starting a business, ease of running a business, and a remarkable investment attractiveness.
2-Financing
Access to financing and the availability of financial products make Abu Dhabi a typical financing paradise.
3-Innovation & Knowledge
Abu Dhabi is known for excellent innovation funding and regulation.
4-Talent
Abu Dhabi is rich in education & skills in addition to the best labor market policies.
5-Livability
When it comes to the degree to which Abu Dhabi is suitable for living in, the emirate is known for its high standard of Cost of Living, Access to services as well as Security & public transit.
With this in mind, it is at this point that the Annual Investment Meeting (AIM) and the Emirate of Abu Dhabi are sharing a common ground.
Why AIM Global 2023 in Abu Dhabi?
Essentially, Abu Dhabi is the ideal location to host AIM, a forum that has established itself as a leading investment platform in the Middle East, aspiring to ignite positive transformation by creating investment opportunities, upholding solidarity, and developing economic relations among nations, as well as addressing the global ordeals that will make a profound impact on economic growth.
Further, when it comes to the upcoming 12th edition of the Annual Investment Meeting, AIM Global 2023 is an opportune event to address the fundamental challenges that nations are being confronted with on their journey to achieving development and to discuss investment trends and strategies that can be utilized to maximize the potential of every business, country, and region to consequently fuel economic diversification.
Time to join AIM Global 2023?
