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A forthcoming report by global research and consultancy Oxford Business Group (OBG) will examine Abu Dhabi’s successful efforts to place small and medium enterprises (SMEs) at the heart of new economic growth.
Report: Abu Dhabi 2023 will chart the emirate’s swift recovery from the Covid-19 pandemic, fueled by reforms introduced to improve the investment climate and boost processes for start-ups, especially small businesses.
In its analysis, OBG will focus on initiatives launched during the health crisis to support SMEs, including the National SME Scheme, Action 300 Billion and the Khalifa Fund.
in-depth report
It will also track Abu Dhabi’s wider efforts to diversify its economy in line with the emirate’s Economic Vision 2030 goals, with in-depth coverage of sectors deemed ripe for investment, including manufacturing, tourism, logistics and agritech .
The OBG will also consider the impact of the federal budget, providing details on Abu Dhabi’s public spending priorities over the next three years and stimulus measures to boost economic activity.
The long-term investment opportunities offered by the UAE’s 2050 Net Zero Emissions Strategic Plan in clean and renewable energy will be another focus.
To support its analysis, OBG signed a Memorandum of Understanding (MoU) with the Abu Dhabi Chamber of Commerce. Under the agreement, the Chamber will contribute to the Report: Abu Dhabi 2023 and other elements of the Group’s suite of research tools.
The MoU was signed by Mohamed Helal Al Mheiri, Director General of the Abu Dhabi Chamber of Commerce, and Gita Evele, OBG’s Country Director in Abu Dhabi.
investor interest
Commenting after the signing, Al Mheiri said he looked forward to working with OBG on its 2023 report, adding that investor interest was gathering rapidly across sectors, backed by private sector competitiveness.
“During 2021-2022, the Government of Abu Dhabi has simplified the process for businesses looking to set up in the emirate, reducing the barriers to entry and setup costs for start-ups by removing thousands of requirements. These steps not only support the market for companies Penetration efforts will also help them mitigate future economic challenges,” he said.
He said: “Oxford Business Group is renowned for its in-depth analysis of fast-growing markets and their investment opportunities. I welcome the opportunity to work with its analysts on how these and other wide-ranging initiatives can benefit the private sector, particularly small businesses .”
Private Sector
Evele said the Chamber’s input will undoubtedly strengthen OBG’s coverage of Abu Dhabi’s expanding private sector and the role of SMEs, particularly in achieving the goals of Abu Dhabi’s Economic Vision 2030.
“Small businesses have played a major role in helping Abu Dhabi achieve one of the strongest post-pandemic recoveries in the world, partly due to prudent measures during the health crisis,” she said.
“The Abu Dhabi Chamber is a key player in these efforts, with initiatives such as the launch of a long-term digital transformation strategy and training and advisory services, continuing to help businesses identify viable options for future growth, while strengthening the emirate’s overall business ecosystem and membership in a challenging environment. I am delighted that our researchers and ultimately our subscribers will benefit from the expertise and experience it represents as we prepare to document the latest developments in Abu Dhabi’s economic transformation.”
Contribute
Report: Abu Dhabi 2023 will be produced in collaboration with the Abu Dhabi Chamber of Commerce, UAE Banks Federation and other partners. It will feature contributions from key figures from the public and private sectors, including: Sheikh Mansour bin Zayed al Nahyan, UAE Vice President and Minister of the Presidential Court; Sheikha Shamma bint Sultan bin Khalifa, President and CEO, UAE Independent Climate Change Accelerator; Abu Dhabi Department of Energy Chairman Awaidha Murshed Ali Al Marar; and Salem Butti Salem Al Qubaisi, Director General of the UAE Space Agency.
Report: Abu Dhabi 2023 will mark the culmination of months of on-the-ground research by Oxford Business Group’s team of analysts. It will serve as an important guide for many aspects of the emirate, including the development of its macroeconomy, infrastructure, banking and other sectors.
The report will be available online and in print. It will form part of a range of bespoke research that OBG is currently producing with its partners, along with other highly relevant preferred research tools, including ESG and future readiness reports, country-specific growth and recovery outlook articles and interviews. — trade arab news agency
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