Abu Dhabi Economic Vision 2030

1-Under the guidance of His Highness Sheikh Khalifa bin Zayed Al Nahyan,
President of the UAE and Ruler of Abu Dhabi, and His Highness Sheikh Mohamed bin Zayed Al Nahyan,
Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces,
the Government of Abu Dhabi published a long-term plan for the transformation of the Emirate’s economy,
including a reduced reliance on the oil sector as a source of economic activity over time
and a greater focus on knowledge-based industries in the future. The document entitled
‘The Abu Dhabi Economic Vision 2030’, provides a comprehensive plan for
the diversification of the Emirate’s economy and a significant increase in
the non-oil sector’s contribution to the Emirate’s Gross Domestic Product (GDP) by the year 2030.
2-The 142 page document identifies two key priority areas for economic development in
Abu Dhabi; building a sustainable economy, and, ensuring a balanced social
and regional economic development approach that brings benefits to all.
Ensuring all three of the Emirate’s regions (Abu Dhabi, Al Ain and Al Gharbia)
benefit socially and economically from the Emirate’s development is
a critical element of the Government’s plan.
3-The Abu Dhabi Economic Vision 2030 is the result of a baffled effort done by a number
of public sectors and joint public-private sector entities. Specifically,
the process of developing the policy was led by the Abu Dhabi Council for Economic Development,
in collaboration with the Department of Planning and Economy and
the General Secretariat of the Executive Council.
4-The Abu Dhabi Economic Vision 2030 identifies the following as
the Government’s immediate economic priorities:
5-Building an open, efficient, effective and globally integrated business environment
6-Adopting a disciplined fiscal policy that is responsive to economic cycles
7-Establishing a resilient monetary and financial market environment with
manageable levels of inflation
8-Driving significant improvement in the efficiency of the labour market
9-Developing a sufficient and resilient infrastructure capable of
supporting anticipated economic growth
10-Developing a highly skilled, highly productive work force
11-Enabling financial markets to become
the key financiers of economic sectors and projects.


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