The Government of Abu Dhabi announced a long-term plan for the transformation of the emirate's economy, including a reduced reliance on the oil sector as a source of economic activity over time and a greater focus on knowledge-based industries in the future. Entitled 'Abu Dhabi Economic Vision 2030', it identifies the following as the Government's immediate economic priorities:

1. Building an open, efficient, effective and globally integrated business environment
2. Adopting a disciplined fiscal policy that is responsive to economic cycles
3. Establishing a resilient monetary and financial market environment with manageable levels of inflation
4. Driving significant improvement in the efficiency of the labour market
5. Developing a sufficient and resilient infrastructure capable of supporting anticipated economic growth
6. Developing a highly skilled, highly productive work force
7. Enabling financial markets to become the key financiers of economic sectors and projects.

Read the full text of Abu Dhabi Economic Vision 2030 (PDF, 5MB).

Sources:

• The official portal of Abu Dhabi Government
• Abu Dhabi Council for Economic Development