Abu Dhabi

Abu Dhabi is one of the wealthiest cities in the world, from its humble beginning as a small fishing village the city has transformed itself to the hub of government and business life. Abu Dhabi is known as the Garden City of the Gulf with its large gardens and beautiful parks, green boulevards which line all the streets and roads.

The city has state of the art communication services and transport amenities making exploring this wonderful city easy; coupled with the presence of all the international luxury hotel chains, great shopping malls, cultural centre and events Abu Dhai really offers you a great holiday experience all year round.

Ferrari World Abu Dhabi ( Yas Island )

Ferrari World Abu Dhabi, you only need to say the name and the possibilities start racing through your head. This is a world first from a brand that thrives on being first.

Opening in 2010, Ferrari World Abu Dhabi is set to be the worlds largest indoor theme park, sitting under a roof designed in the style of a classic double-curve body shell of a Ferrari GT car. There is energy, excitement and passion for the entire family at Ferrari World Abu Dhabi. With over 20 rides and attractions, including the worlds fastest rollercoaster, Ferrari World is more than a theme park it is where Ferraris legendary story is unveiled.

Ferrari World Abu Dhabi will captivate the whole family with its array of engaging activities. Couple this with its extremely innovative architecture, a dash of Italian spirit, and you will surely live an experience like nothing else you have before.

Abu Dhabi Moves Away From Oil

Nov. 15 2010 | 
Hussain Al-Nowais, chairman of Emirates Holdings, discusses Abu Dhabi's plan to move away from being an oil-dependent economy with CNBC's Erin Burnett

Abu Dhabi Challenges Global Credit Crunch

Abu Dhabi, UAE, 24 September, 2009-(ME NewsWire): The emirate of Abu Dhabi retained its strong economic position despite the economic crisis that hit world-over throughout last year. The emirate's entire production and development wheel continued turning in spite of the current global credit crunch, thanks to the wise policies adopted by its leadership, led by the Executive Council, under the chairmanship of H.H General Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and as stipulated by the Emirate's strategy "Plan Abu Dhabi 2030" and "Economic Vision 2030".
A number of international economic and financial research organizations issued reports and studies indicating that the emirate's entire economic sectors were growing persistently in spite of the on-going economic downturn.
"The Report: Abu Dhabi 2009", of the Oxford Business Group "OBG", said that the Emirate's government spending has risen by 12% to AED42.2 billion this year. The Emirate still enjoys a strong economic and credit position despite oil price plunging in the international markets, which is the main source of Emirate's income. The report also indicated that Abu Dhabi will be in a very strong position when the global market picks up, thanks to the ability of its government to continue to fund major infrastructure projects and keep its development strategy. This is evident in on-going works in a number of mega-projects in the emirate, such as 'Shaikh Zayed National Museum', 'Guggenheim Abu Dhabi Museum', the 'Louvre Abu Dhabi' and the 'Performing Arts Centre', all of which are located in the Cultural District of the Saadiyat Island. Also, the emirate is starting the initial studies for the Abu Dhabi Metro Project, investment in heavy industries with aim of diversifying the emirate's economy and the introduction of renewable energy sources as a substitute for oil and natural gas.
These achievements have their reflection on the emirate's employment market, as the online recruitment firm GulfTalent.com said that Abu Dhabi is leading the recovery from the economic downturn in Gulf careers and employment, now accounting for 23% of all advertised jobs in the GCC. The report added that over the first six months of this year the UAE capital's share of jobs advertised in the region grew by 9% compared to the same period of the last year, while other GCC countries experienced either drop or modest increase in the number of jobs advertised.
The report also indicated that the emirate has allocated 37% and 23% of its total spending for the social services and education, respectively, which are huge amounts compared to what is done by other countries.
The Government of Abu Dhabi has earlier injected AED120 billion in local banking sector to help it cope with the current global credit crunch.
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Contact:Executive Council - Public RelationsTel: +971-2-668-8888Fax: +971-2-665-5850Email: pr@ecouncil.aehttp://gsec.abudhabi.ae
© Press Release 2009