Abu Dhabi has the biggest non-renewable energy source save in the UAE, is the fourth greatest gaseous petrol maker on the planet, has the world’s most astounding pay per capita, is home to practically the majority of the Arabic Fortune 500 organizations, and is right now sitting on more than 88 billion barrels of demonstrated oil saves.
Regardless, the emirate is presently effectively attempting to Abu Dhabi its dependence on oil, and is expanding its economy into the monetary administrations and the travel industry parts. Billions of pounds have been allotted for foundation ventures and the advancement of private, relaxation and social plans over the oil-rich emirate.
Abu Dhabi is resolved to challenge Dubai and set up itself as a noteworthy visitor goal, floated by its subtropical atmosphere and 700 km coastline of pristine shorelines and social locales.
Vacation spots incorporate the Louver and Guggenheim exhibition hall, an untamed life save, a UAE open library, the National Theater, and the improvement of the £13.5 billion Saadiyat Island.
In 2009 Abu Dhabi will have its first since forever Formula One thousand prix on the Yas Island, which incorporates a Ferrari amusement park. Somewhere else, Aldar Properties will build up a $3billion (£1.5billion) Motor World, including administration focuses and an exhibition hall, just as workplaces, lodgings and homes for 30,000 individuals.
David Nicholls of EM ideas says: “The designs for Abu Dhabi are really surprising. The vehicle foundation is additionally effectively stable and the states pockets are no-limit.”
The emirate is served by a few noteworthy aircrafts, including British Airways, BMI, Eagle Air, KLM, Etihad Airways, Gulf Air, Qatar Airways and Lufthansa. Unexpectedly, inn inhabitance rates as of now remains at more than 80 percent, up from around 60 percent in 2003.
James Gonzalez of Obelisk remarks: “Abu Dhabi plans to be a chief worldwide the travel industry goal. Inside the following three years, the emirate will see real interest in air terminal framework, which will expand air terminal limit from seven million to 20 million travelers every year by 2011.”
Abu Dhabi’s fast development and rising the travel industry levels is driving interest, causing a gigantic property flood, like that accomplished in Dubai a couple of years back.