Abu Dhabi Economic Vision 2030.

Based on the principles laid out in the Government’s Policy Agenda published in August 2007, the Abu Dhabi Economic Vision 2030 is a road-map for the Emirate’s economic progress as a result of a concentrated effort between a number of public sectors and joint public-private sector entities. The document is a 22-year strategy to achieve the Government’s aims and to ensure that all stakeholders in the economy are moving in concert, with a clear view of the long-term goals. It identifies two key priority areas for economic development in Abu Dhabi (i) building a sustainable economy and (ii) ensuring a balanced social and regional economic development approach that brings benefits to all.
Each priority area has specific primary objectives. To build a sustainable and stable economy through the diversification and broadening of its enterprise base, primary objectives are (i) reduce GDP volatility through diversification from oil; (ii) enlarge the enterprise base through the expansion of large National Champions (large enterprises that underpin the economy and around which industrial and service clusters could develop), the attraction of foreign investments in technology sectors, and the stimulation of the small and medium enterprises; and (iii) enhance competitiveness by focusing on capital-intensive industries and internationally traded services and optimizing the workforce in low-productivity areas. To reach the second primary objective the Government shall (i) equip the Emirate’s youth to enter the workforce through the revision of curricula, increasing participation and completion rates at all levels of education and the encouragement of part-time and summer jobs; (ii) maximize the participation of women in the workforce, especially in rural areas, providing financial support for at-home business projects and work-from-home: (iii) attract skilled workers and facilitating the convenient entry and settlement of skilled expatriate workers and their families stimulating faster economic growth implementing integrated regional development plans, offering incentives to businesses to set up in the more remote areas and developing economic clusters in certain locations in the Emirate.
The Government has identified nine pillars that will form the architecture of the Emirate’s social, political and economic future as follows: (i) a large empowered private sector; (ii) a sustainable knowledge-based economy; (iii) an optimal, transparent regulatory environment; (iv) a continuation of strong and diverse international relationships; (v) the optimization of the Emirate’s resources; (vi) a premium education, healthcare and infrastructure assets; (vii) a complete international and domestic security; (viii) maintaining Abu Dhabi’s values, culture and heritage; and (ix) a significant and ongoing contribution to the Federation of the UAE.
In order to reduce rural poverty, the Government will invest in infrastructure development in rural areas leading to a higher standard of living in the regions, and greater employment opportunities, especially encouraging women participation in the work-face.