Abu Dhabi Investment Conference

Economic diversification to boost Abu Dhabi’s Dh108 bn FDI stock and Dh331 bn foreign trade as ADIO launches Abu Dhabi Investment Conference

Date: Abu Dhabi, October 30, 2018

Key Highlights:

  1. Foreign Direct Investment stock into Abu Dhabi exceeded Dh108 billion in 2017
  2. Abu Dhabi’s foreign trade exceeded Dh331.13 billion in 2017
  3. The UAE will invest Dh400 billion in downstream industries
  4. The three-day International Real Estate and Investment Show (IREIS) to highlight the growing opportunities in the real estate market in Abu Dhabi

Abu Dhabi Government’s economic diversification plan that is in line with the Vision 2030, will boost the stock of Dh108 billion Foreign Direct Investment (FDI) inflow into Abu Dhabi and the emirate’s Dh331.13 billion foreign trade, according to the Statistics Centre of Abu Dhabi (SCAD).

Officials at a press conference announced the details of the forthcoming Abu Dhabi Investment Conference that takes place at Abu Dhabi National Exhibition Centre (ADNEC) on Thursday, November 1, 2018.

Held under the patronage of Abu Dhabi Investment Authority (ADIO) and organised by Dome Exhibitions, Abu Dhabi Investment Conference that runs in conjunction with the International Real Estate and Investment Show (IREIS) at ADNEC will highlight the key economic growth areas and the potential investment opportunities for foreign investors and financial institutions that will help boost the FDI inflow into the emirate of Abu Dhabi, which consists of a number of cities including Abu Dhabi city, Al Ain, Ruwais, Madinat Zayed, Mirfa and many other towns in the Western Region, known as Gharbia – the largest base of oil and gas production.

The three-day multi-faceted IREIS event will also host Citizenship by Investment (CBI) exhibition that highlights business immigration facilities across the world as well as highlight the real estate market trends, investment potential, real estate market policies and regulations, real estate trust fund, announcement of new investment opportunities.

Abu Dhabi, which has a proven oil reserve of 92 billion barrels, will serve its economy for the next 93 years, as per the current production rate. The emirate, under the Vision 2030, is utilising its oil wealth to diversify economy to make it more sustainable by expanding downstream petrochemicals and associated industries, manufacturing, tourism, healthcare, aviation and financial services.

A 37 per cent jump in average oil prices in 2018 is leading to a marked turnaround in external balances of the GCC countries and other Middle East and North African oil exporters, according to the Institute of International Finance (IIF).

With oil prices hovering above $80 per barrel and poised to hit $100 within months, the combined current account surplus of the 10 Mena oil exporters is projected to rise by about $150 billion to $197 billion in 2018, IIF said in their Mena Economic Outlook report. For the GCC, the current account surplus will widen from $49 billion in 2017 to $188 billion in 2018, equivalent to 10 per cent of GDP. Financial soundness indicators suggest that the banking systems remain sound. Capital adequacy ratios exceed 16 per cent in the six GCC countries.

These factors are good enough indicators of a robust economy and the huge current account surplus is expected to be invested in infrastructure and housing, that will create additional demand and investment and thus boost FDI inflow.

Abu Dhabi National Oil Company (ADNOC) earlier this year announced investment of Dh165 billion into downstream petrochemical sector that will create 15,000 well-paid jobs in the new industrial cluster in Ruwais where a Chemical City is being developed. The UAE is expected to spend Dh400 billion over the next five years in the downstream sector as well as in developing Abu Dhabi’s gas reserves.

Abu Dhabi Investment Office (ADIO), the investment arm of the Abu Dhabi Government, will be announcing new investment opportunities at the Abu Dhabi Investment Conference in the wake of recent investor-friendly economic reforms and how to capitalise on the opportunities these reforms will bring.

More than 200 senior officials and investment experts from public and private sectors will gather and brainstorm the future path of UAE’s knowledge-based economy at the Abu Dhabi Investment Conference. Ministers, business leaders, senior public officials, heads of international institutions and academia representing major stakeholders of the international investment community will take part in various sessions.

“The intelligent utilisation of the hydrocarbon resources, under the dynamic leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and the Deputy Supreme Commander of the UAE Armed Forces, will help create new downstream petrochemicals industries that will help set up hundreds of manufacturing and industrial units across the emirate,” Antoine Georges, Managing Director of Dome Exhibitions, said at the press conference held at ADNEC.

“Abu Dhabi currently manufactures aircraft components for Boeing and Airbus and we will soon see the emirate set up industries to manufacture and supply parts and components to the global automobiles industries.”

Abu Dhabi Investment Conference will commence with the key-note of H.E. Khalifa Al Mansouri, Under Secretary of the Abu Dhabi Department of Economic Development, who will present how the Emirate is an ideal destination for doing business.

A panel discussion on Abu Dhabi Real Estate Market Trends will be moderated by Jones Lang LaSalle (JLL) MENA that will host Mohamed Khalifa Al Mubarak, Chairman of Aldar Properties, the largest property developer in Abu Dhabi.

Abdulla Ahmed from Masdar, Yasmeen Al Rashedi from Estidama, Sameh Muhtadi from Bloom Properties will talk about the investment potential in Abu Dhabi real estate market.

Essa Omair Al Mansoori from Abu Dhabi Department of Urban Planning and Municipalities and Dr. Mubarak Al Ameri from Abu Dhabi Chamber will present their deliberations and will focus on Abu Dhabi Real Estate.

Antoine Georges, Managing Director of Dome Exhibitions, said: “Abu Dhabi Investment Conference will highlight the key investment opportunities in the growing economy of Abu Dhabi – that is opening up key sectors for foreign investment. The conference takes place at the backdrop of massive investment announced by Abu Dhabi Government and major investment entities in recent months that is expected to boost FDI inflow into the emirate.

“Major international players are already exploring investment into key development and industrial areas such as Ruwais and KIZAD – that are attracting massive investment. ADNOC in May announced investment of Dh165 billion in downstream petrochemicals sector that will help create new industries and employment in the region.

“Earlier this year, Shaheen Chem Investment, owned by investors from the UAE and Oman, announced a new chemical complex with an investment of Dh4 billion dirhams ($1.1 billion) at KIZAD. These investments reflect a new beginning for the industrialisation in Abu Dhabi and we are going to see an exciting time ahead for the economy of Abu Dhabi – a sleeping giant that will change the economy of the Gulf region for the better.”

International Real Estate and Investment Show (IREIS) that runs concurrently with the Abu Dhabi Investment Conference, will see brisk sales and networking activities as sales of properties are permitted. IREIS brings leading local and foreign real estate developers, investors and agents under one roof, will attract investors from various parts of the world.

The show is expecting over 125 high-end exhibitors and more than 12,000 visitors. To give a greater value to the exhibitors and visitors, the associated events that will complement the main IREIS Abu Dhabi 2018 are ‘International Real Estate Conference’, ‘Citizenship & Residency Expo’ and the ‘Real Estate Developer – Agent Meet’.

Editor’s Notes

International Real Estate & Investment Show (IREIS)

Established in 2005, The International Real Estate and Investment Show (IREIS) is a sales and networking platform for real estate developers, investors and agents. The show was launched with the vision of becoming the most preferred real estate investment platform for locals and expats. During the golden period of Real Estate, the exhibition witnessed approx. US$1/2 Billon worth of transactions take place from over 20,000 visitors.

IREIS is now a regular attraction for investors from the UAE (Abu Dhabi, Al Ain, Dubai, and Sharjah), Oman, Kuwait, Bahrain, Jordan, Egypt, Lebanon, Turkey, Cyprus Palestine, India, Pakistan, Britain, Canada, China and the Philippines. The exhibition includes pavilions from the UAE, Jordan, Egypt, Pakistan, Philippines, Spain, Cyprus, Morocco, Turkey and India.



Dome Exhibitions

Dome Exhibitions, head quartered in Abu Dhabi started servicing the multi-billion dollar MICE industry in the Middle East as an event management and stand contracting company from 1991 onwards. Fuelled by the growth of the regional exhibition industry, a branch opened in Dubai in 2002.Moving in tandem with the growing exhibition industry and understanding the pulse and need of the local market, we started organizing exhibitions and conferences in 2000.

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