Abu Dhabi’s successful efforts to put small and medium-sized enterprises (SMEs) at the heart of new economic growth will be explored in a forthcoming report by the global research and advisory company Oxford Business Group (OBG).
The Report: Abu Dhabi 2023 will chart the emirate’s swift recovery from the Covid-19 pandemic, which has been galvanised by reforms introduced to enhance the investment climate and facilitate processes for start-ups, especially smaller-sized businesses.
In its analysis, OBG will shine a spotlight on the initiatives rolled out during the health crisis aimed at supporting SMEs, which include the National SME Programme, Operation 300bn and the Khalifa Fund.
In-depth coverage
It will also track Abu Dhabi’s broader efforts to diversify the economy, in line with the emirate’s Economic Vision 2030 targets, providing in-depth coverage of sectors identified as ripe for investment, which include manufacturing, tourism, logistics and agri-tech.
OBG will also consider the implications of the federal budget, providing details of Abu Dhabi’s public spending priorities for the next three years and the stimulus measures introduced to spur economic activity.
The longer-term investment opportunities that the UAE’s Net Zero 2050 Strategic Initiative offers across the clean and renewable energy segments will be another focus.
To support its analysis, OBG has signed a Memorandum of Understanding (MoU) with the Abu Dhabi Chamber. Under the agreement, the Chamber will contribute to Report: Abu Dhabi 2023 and other content for Group’s suite of research tools.
The MoU was signed by Mohamed Helal Al Mheiri, Director General of the Abu Dhabi Chamber, and Gita Evele, OBG’s Country Director in Abu Dhabi.
Commenting after the signing, Al Mheiri said he looked forward to collaborating with OBG on its 2023 report, adding that investor interest was rapidly gathering momentum across a diverse range of sectors, supported by private sector competitiveness.