Economy

Economy

Al Gharbia, the Western Region of Abu Dhabi, is proud to possess the largest refineries and oil fields and reserves in the United Arab Emirates. It is also home to an advanced agricultural activity supported by the presence of the most fertile farms in the country. Al Gharbia contributes mainly to the economy of Abu Dhabi with its GDP exceeding more than AED 243 billion in 2010.

In light of the accelerated growth of the region, huge investments totaling AED 98 billion have been pumped so far into the key industries in the region, such as oil and gas with a share of AED 74 billion; electricity generation with a share of AED 6.55 billion; infrastructure with a share of AED 0.97 billion; roads and highways with a share of AED 4.37 billion; and tourism and recreation with a share of AED 12.2 billion. This investment not only helps to build the economy but also to enhance the productivity of invested sectors, and thus enhancing the prosperity of Al Gharbia as a whole.

The fertile lands of the region still meet the needs of its people today. Oil and gas have been added to the palm and pearl industries, and tourism and solar energy follow to complement Al Gharbia’s precious resources. Although the industrial facilities constitute a significant portion of the resources of the region, most of its population is still less than 10% of the total population of Abu Dhabi Emirate. Following the release of the Abu Dhabi 2030 plan, Al Gharbia’s revenues are expected to reach over AED 400 billion with the encouragement of additional sectors into the economy. While the petrochemical industries continue to develop, many still engage in traditional industries such as agriculture, which constitutes an important part of the resources of Al Gharbia, particularly in Ghayathi, Madinat Zayed, Delma Island and Liwa; which thrives in date planting in the region’s various areas.

Fishing communities are spread throughout the region and due to its availability, it is offered for sale across Al Gharbia. Additionally, due to the significant and rapid growth in the trade and tourism sector the continued expansion of infrastructure will be developed to support this.

Al Gharbia extends over 40 thousand square kilometers with 350 kms of untouched coastline, the region is seen as an investment opportunity, just waiting to be discovered. Currently, the region is being developed to be the perfect destination for investors and to become a new economic center urging new investors to focus on the region, whilst the Government is improving the necessary infrastructure. Among the initiatives to promote development is the Rail Network announced in March 2009; a railway network project which will connect the seven emirates, starting from the coast all the way to the borders of the Kingdom of Saudi Arabia in the city of Sila, which will facilitate access to the area and make it more open.

 


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Did You Know
GHAYATHI
- LUSH PASTURES

Ghayathi, originally a Bedouin sttlement, is now known for its agriculture and lush pastures. Fossils dating to eight million years ago have been found in the area.



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