Details of Abu Dhabi’s plans to expand its non-oil sector by encouraging investment in key sectors of its economy are mapped out in a wide-ranging report just published by Oxford Business Group (OBG).

The Report: Abu Dhabi 2010 gives a detailed insight into the Emirate’s bid to use its hydrocarbons industry as a springboard for diversifying its economy in line with the country’s roadmap for development, Economic Vision 2030.

The new report puts the 10 sectors earmarked for growth, which include industry, tourism and financial services, under the spotlight, while also exploring how Abu Dhabi plans to source funding for a new wave of infrastructure on the back of global economic recovery.

The global publishing, research and consultancy firm’s report includes a detailed, sector-by-sector guide for investors, together with a wide range of interviews with the country’s most prominent political, economic and business leaders, including Sheikh Diab bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman, Abu Dhabi Water and Electricity Authority, Mohamed Ahmed Al Bowardi, Secretary-General, Abu Dhabi Executive Council, and Sultan bin Nasser Al Suwaidi, Governor, UAE Central Bank.

High profile international personalities, such as Najib Tun Abdul Razak, Prime Minister of Malaysia and Sir Andrew Cahn, CEO, UK Trade and Investment, also give their views on Abu Dhabi’s economic development.

With the energy sector primed to play a key role in the funding of economic expansion, OBG’s new report maps out the Emirate’s plans to increase production and cater for rising demand. The publication also provides extensive analysis of the steps being taken by the government to seek out alternative energy sources and increase their contribution over the next decade. There is detailed coverage of the Masdar Initiative, including Abu Dhabi’s plans to develop renewable energy through solar and wind farms and set up a carbon-neutral city.

The Report: Abu Dhabi 2010 also puts the Emirate’s construction industry in the spotlight, charting the major projects which are expected to be revisited as global economic recovery gets under way. While public projects top the list, OBG’s publication also highlights the investment opportunities that the non-oil sector is producing, including a number of ventures in the tourism industry.

OBG provides wide-ranging analysis of the activity taking place in the Emirate’s banking sector. Its publication explores the decision of local players to push forward with international expansion while eyeing the opportunities that anticipated private and public sector investment should bring at home.

Oliver Cornock, Oxford Business Group’s Regional Editor in the Gulf, said that after cushioning itself from the worst of the global economic crisis, Abu Dhabi was in a strong position to move its economy forward and capture the attention of the international investment community.

“The government will also be keen to see its major projects get off the ground in tandem with international economic recovery,” he said. “The Emirate’s banks, especially the Islamic Financial Services institutions, are in a strong position to play a key role here, thanks to their high levels of liquidity.”

Cornock added that OBG’s partners had brought an added dimension to The Report: Abu Dhabi 2010 with their local knowledge and expertise. “During our time in Abu Dhabi, Oxford Business Group’s research team has benefited greatly from pooling resources with partners that are market leaders in their field,” he said. “As we enter a fifth year of operations here, we are confident that these partnerships have once again allowed us to push boundaries with the standard of business intelligence featured in our latest edition of The Report.”

The Report: Abu Dhabi 2010 has been produced in partnership with The National Bank of Abu Dhabi (NBAD) and Abu Dhabi Islamic Bank. It marks the culmination of nearly a year of field research by a team of analysts from OBG, assessing trends and developments in all major sectors of the economy, including energy, industry, finance, banking, tourism, transport and real estate. The report will be available in print form and online.

About Oxford Business Group

Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic and political intelligence on the markets of the Middle East, Africa, Asia, Eastern Europe and the Caribbean. Through its range of print and online products, OBG offers comprehensive and accurate analysis of political, macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecoms. The Report: Abu Dhabi 2010 is produced in partnership with The National Bank of Abu Dhabi (NBAD) and Abu Dhabi Islamic Bank.

The critically acclaimed economic, political and business reports have become the leading source of business intelligence on developing countries in the regions they cover. OBG’s online economic briefings provide up-to-date in-depth analysis on the issues that matter for tens of thousands of subscribers worldwide. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms currently operating in these markets and those looking to enter them.

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