Market Opportunities in the United Arab Emirates
October 1, 2018
The United Arab Emirates (UAE) government is in the process of implementing a comprehensive strategy to diversify its economy away from the oil and gas sector and achieve optimal balance between its various sectors such as healthcare; aerospace and defense; and ICT to ensure sustainability and create new business opportunities.
Vision 2021 identifies healthcare as one of the main pillars of their development agenda. Based on this plan, the national Ministry of Health and the related emirate-specific healthcare authorities create policy and related action plans.
Launched in September 2018, Tomorrow 2021 is a USD 13.6 billion initiative launched by the government to shape the economic future of Abu Dhabi. The reform looks at four areas of stimulating business and investment; quality education; research and development; and enhancement the quality of life through cultural, sporting and transport initiatives.
Abu Dhabi Economic Vision 2030 focuses on expansion of economic sectors such as Aerospace, Defense, Healthcare and IT.
Dubai will be the host city for Expo2020, and for the first time in history, the majority of visitors will come from outside the host country. Expo presents a multitude of opportunities as the country gears up to provide housing, power, security, healthcare, and everything in between in addition to construction of a city within a city on the Expo campus itself.
Based on the strategic initiatives taken by the UAE government, this report focuses on opportunities within the Aerospace, Defense, Life Sciences and Healthcare, and Information Communication Technology (ICT) sectors.