"Abu Dhabi is more tribal, life is more traditional there" is the common answer given when
Dubai-tourists ask what they can expect from a trip to the capital, which is not more than an hour's drive away from Dubai.
...
As a result, with US$ 63,000, Abu Dhabi is ranked third in the world in terms of GDP per capita (ahead of
Switzerland, but behind Luxemburg and Norway).
...
"
I think the appeal of Abu Dhabi is that it represents about
60% of the economy of the UAE", says Michael H. Tomalin, Chief Executive (CE) of
National Bank of Abu Dhabi (NBAD), the largest bank in Abu Dhabi . NBAD's major shareholder is the state.
...
"
I think the appeal of Abu Dhabi is that it represents about
60% of the economy of the UAE", says Michael H. Tomalin, Chief Executive (CE) of
National Bank of Abu Dhabi (NBAD), the largest bank in Abu Dhabi . NBAD's major shareholder is the state.
...
"
I think the appeal of Abu Dhabi is that it represents about
60% of the economy of the UAE", says Michael H. Tomalin, Chief Executive (CE) of
National Bank of Abu Dhabi (NBAD), the largest bank in Abu Dhabi . NBAD's major shareholder is the state.
...
Only 30 percent of NBAD-stocks are listed at the Abu Dhabi Exchange and this is representative for most UAE banks.
World hub for the oil industry
TAQA's oil platform
Moreover, "
AD", as the capital and its 900'000 people is known for short, is reaching out to the world.
In
2001,
Abu Dhabi National Oil Company (ADNOC) signed a 10 year contract with
Colorado School of Mines (CSM) to set up a joint educational initiative called the
Petroleum Institute.
The giant, Taqa (Arabic for energy), created in 2005 and led by
American CEO Peter Barker-Homek invests 10 billion dollars in
Canada where
he recently bought the oil and gas exploration company
Pioneer Canada.
Peter Barker-Homekenjoys the privilege of being a CEO who can present double-digit growth figures, even in 2008: "We have been growing at an annualized rate since we were accepted in 2005 at 46 percent.
...
Will TAQA also ride on the global green wave?
"Yes, there is a green agenda to it, there is a responsibility agenda, there is an energy security agenda.
For example, we are building one of the largest gas storage facilities to serve continental Europe and the idea there is to provide for energy security not only for the continent but for
the United Kingdom."
...
While Dubai is rushing at a breath-taking pace from crane to crane, life in Abu Dhabi goes more "shwaie, shwaie" (which is
Arabic for "slowly" or "slow down").
...
"The plans for Abu Dhabi 2030 are very ambitious, even if only 70% of them are achieved - and we hope
100% will be achieved - then Abu Dhabi will be transformed into one of the great cities of the world", says Tomalin.
...
"
We have a high oil price which helps a great deal, and the economy is growing fast and firmly.
...
Saadiyat Island, the island of happiness, is
NOT an artificial piece of land, as many are on Dubai's coast; Saadiyat is completely natural The construction of a megacity began in
2006.
...
Saadiyat Island, the island of happiness, is
NOT an artificial piece of land, as many are on Dubai's coast; Saadiyat is completely natural The construction of a megacity began in
2006.
...
Diplomas issued are recognized by all states of the
European Union.
...
After the Grand Prix of
Bahrain, Abu Dhabi will host the second Formula 1 event in the Middle East.
...
"Although the average price last year for an apartment was around US$354 per square feet, now we are talking about US$873 -USS$972", says Sulaiman Al-Fahim, CEO of Hydra Properties in Abu Dhabi.
...
The green city, Masdar (Arabic for resource), located in the desert of Abu Dhabi, is planned to be the first zero-carbon community with huge photovoltaic installations and green buildings where water is recycled.
...
Some even see the capital as ahead of Dubai, as Hydra Properties-CEO Al Fahim: "Actually I am from Dubai but I believe that Abu Dhabi will take over, because the capital is not in a hurry.
...
Etihad, meaning unity, was launched in
2003 and plans to break even in 2010.
...
Hans Olbertz: "
Normal rooms have the size of 55 square metres.
...
We have 49 different nationalities speaking almost over 60 different languages.
...
Mahmood Ebraheem Al Mahmood
...
Mahmood Ebraheem Al Mahmood
...
"Today, if you look at Abu Dhabi, for so long we were associated with crude oil, and only being a producer of crude oil", says Mahmood Ebraheem Al Mahmood, the CEO of Al Qudra Holding.
...
The holding's latest coup:
Al Qudra will invest in 400,000 hectares of land in the Middle East,
Africa and the Far East.
...
"We have all seen the major shortages in the world," says Mahmood Ebraheem al Mahmood, the chief executive of Al Qudra Holding.
...
"Regarding tourism,
I think we have our own flavour, mainly because we are focusing on heritage and culture", explains
Al Mahmood.
He adds: "Abu Dhabi's way of welcoming guests is quite different from the tourism you usually see in the region.
...
Qatar has been ranked the most competitive economy in the
MENA region, according to the WEF. ...
...
In
RAK, if you are a creator, if you are an American or
Swiss, if you are a private creator, basically it is a place where you try to create a place for everybody and to be a magnet for talent.
...
All this is our job in
RAKIA.
...
RAK Free
Trade Zone the future is that the
RAK Free Trade Zone will grow and tin
he future RAK Free Trade Zone will have many specialized industries and many specialized management parks that will diversify from logistic parks to business parks to ship yards and the yacht parks.
It will be specializing where each industry will have its own management.
Read more...
AL Qudra Abu Dhabi,
Mahmood Ebraheem Al Mahmood
...
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