Abu Dhabi, United Arab Emirates
Abu Dhabi, in Arabic language: أبوظبي ʼAbū Ẓabī, literally ‘Father of gazelles’ is the capital of the homonymous emirate, as well as the capital and second most populous city of the United Arab Emirates.
Economy
According to abbreviationfinder, Abu Dhabi owns 9% of all the world’s oil reserves (98.2 billion barrels) and almost 5% of the world’s natural gas consumption (5.8 trillion cubic meters), the great hydrocarbon wealth of the The United Arab Emirates (UAE) gives it one of the highest GDP per capitas in the world. Abu Dhabi owns the majority of these resources (95% oil and 92% gas). National Oil Company of Abu Dhabi National Oil Company said in August of 2006 that the UAE is willing to expand crude oil production to 2.8 million barrels per day (bpd) and one of its production goal is empulsar barrels per day up to 4 million for 2010. See population of United Arab Emirates.
Recently the government has promoted the diversification of the economy, driven by rising oil prices, however the non-oil and gas sectors of GDP today constitute 64% of the UAE’s total GDP. This trend is reflected in Abu Dhabi with substantial new investment in industry, real estate, tourism and retail. Abu Dhabi is the Emirates’ largest oil producer, reaping most of the benefits from this trend. It has carried out a liberalization and diversification program to reduce the emirate’s dependence on the hydrocarbon sector. This is evident in the emphasis on industrial diversification with the realization of an industrial free zone known as the Abu Dhabi Industrial City and the construction of another, ICAD II, in another sector. There has also been a campaign to promote the tourism and real estate sectors with the Abu Dhabi Tourism Authority and the state Investment Development Company developing several large-scale projects.
These projects will be complemented with an improvement in transport infrastructures, with a new port, the expansion of the airport and a railway link project between Abu Dhabi and Dubai, all of which are in development phases.
Abu Dhabi is the richest emirate in the United Arab Emirates in terms of Gross Domestic Product (GDP) and per capita income. GDP per capita reached $ 63,000, which is well above the average income of the United Arab Emirates and ranks third in the world after Luxembourg and Norway. Abu Dhabi also plans many shared future projects with the Cooperation Council for the Arab States of the Persian Gulf (CCG), The United Arab Emirates is a rapidly growing economy: in 2006 per capita income grew by 9%, had GDP per capita of $ 49,700 and ranked third in the world in purchasing power parity. Abu Dhabi plays an important role in the world economy. Abu Dhabi’s sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA), is currently estimated at $ 875 million, the richest of the world’s sovereign wealth funds, in terms of total asset value, Etihad Airways maintains its headquarters in Abu Dhabi.
Technology
Any rail transport system in the Middle East is a luxury since it only exists on plans commissioned by their governments. Dubai, the first city to have one, is in it to inaugurate it, hopefully.
Those of Abu Dhabi decided that they could too and more: a complete public transport plan, the Abu Dhabi Plan 2030, ambitions a metro system, a regional railway, trams, a ferry link to Dubai, and three personal rapid transit zones.
This new personal transporter will be one of the vehicles that will circulate as rapid transport on specially constructed guides. It’s great!
Sightseeing
Today Abu Dhabi generates 15% of the GDP of the United Arab Emirates and that has a lot to do with the great diversification in its economy in recent years, making a large investment in what is the tourism sector that has really had very good results, since today this city is visited by thousands of tourists who come from all over the world to stay in its hotels, as well as the attractions that are throughout the city.
The capital of the emirate continues to grow and the evidence of this is that many large-scale projects are currently being built at a millionaire cost. Thanks to its great urban development in recent years they have made this city one of the most expensive in the world where they have with them the construction of the most expensive hotel in the world called the ¨Emirati Palace ¨, which had a cost of about 3 Billion dollars, this and many more tourist destinations you can find in this wonderful eastern city full of culture and tradition with a futuristic touch.
In Abu Dhabi, a world of modern wonders awaits you, with the highest quality of services that you can imagine in its different hotels and tourist attractions.
