Vision 2030
Economic vision 2030
Abu Dhabi’s plans for economic diversification are set out in a document entitled “The Abu Dhabi Economic Vision 2030”, which puts a great focus on building knowledge-based industries.
Invest AD is at the forefront of a drive to develop a modern financial industry and part of efforts to increase the role of private investment in the economy, by channeling funds into exciting new initiatives.
Vision 2030 establishes a common framework for aligning all policies and plans that contribute to the ongoing development of the Emirate’s economy.
It seeks to create opportunities for the local and international private sector in the Emirate of Abu Dhabi, and new employment opportunities for UAE nationals, particularly in highly-skilled, export-oriented sectors.
The Vision 2030 document identifies the following as the government’s priorities as it transforms the economy by the year 2030:
- Building an open, efficient, effective and globally integrated business environment
- Adopting a disciplined fiscal policy that is responsive to economic cycles
- Establishing a resilient monetary and financial market environment with manageable levels of inflation
- Driving significant improvement in the efficiency of the labour market
- Developing a sufficient and resilient infrastructure capable of supporting anticipated economic growth
- Developing a highly skilled, highly productive work force
- Enabling financial markets to become the key financiers of economic sectors and projects.
The Vision 2030 programme will be carried out under a series of five-year economic strategies, and 12-month action plans.