Abu Dhabi is on an ambitious path to transform its economy, with a goal of having 80% of its GDP come from non-oil sectors by 2040. This shift is powered by the Falcon Economy initiative, which focuses on expanding key industries such as tourism, manufacturing, emerging industries, financial services, and ICT. The Abu Dhabi Industrial Strategy is particularly focused on more than doubling the emirate’s manufacturing sector to $46 billion by 2031.
India plays a crucial role in this transformation. As the UAE’s second-largest trade partner, with non-oil trade exceeding $50 billion, the country has partnered with Indian businesses through the Comprehensive Economic Partnership Agreement (CEPA). In an interview with ADIO’s Yaser Al Yousuf, he discussed the investment opportunities in Abu Dhabi, highlighting a new incentive program for manufacturers. He emphasized that Indian firms in food processing, renewable energy, and mobility technologies should consider the vast opportunities in Abu Dhabi, which is positioning itself as a global hub for knowledge-based, sustainable, and innovation-driven industries.
Al Yousuf outlined that ADIO’s role is not just to attract foreign investment but also to drive Abu Dhabi’s economic diversification and create a robust ecosystem for international businesses. The goal is to reimagine the emirate as a key player in the global economy, offering win-win prospects for investors.
