Abu Dhabi introduces $3 billion in transport sector investment opportunities
According to a new handbook produced by the Abu Dhabi Department of Economic Development (ADDED), Abu Dhabi is aggressively pursuing investment opportunities in its rapidly expanding transportation sector.
This guidebook, released as part of the Abu Dhabi Channel Partners program, presents significant investment opportunities for both domestic and foreign investors, with the transportation industry expected to grow into a market worth AED11.04 billion ($3 billion) by 2027.
The unveiling of this guide occurred during DRIFTx, an international platform in Abu Dhabi dedicated to propelling the future of smart and autonomous mobility across various domains. Ahmed Jasim Al Zaabi, Chairman of ADDED, emphasized the significance of these investment prospects in fortifying the Emirate's industrial landscape, aligning with the broader vision of establishing Abu Dhabi as a global hub for technology and innovation.
Al Zaabi emphasized the importance of the transportation industry to Abu Dhabi's economic diversification and the government's dedication to fostering new industries and utilizing cutting-edge strategies to spur growth. The handbook provides an overview of investment prospects that cover the development, production, and commercialization of a range of transportation-related products, including but not limited to automobile tires, electric car chargers, commercial drones, and airplane landing gear.
The compound annual growth rate (CAGR) for these opportunities ranges from 5.7% for conventional industries to an impressive 31.5% for disruptive industries in transportation, reflecting the sector's dynamic nature and potential for substantial returns on investment.
Initiated in 2023 as a component of the Abu Dhabi Industrial Strategy (ADIS), the Abu Dhabi Channel Partners initiative aims to enhance the Emirate's industrial environment by presenting thorough investment opportunities in key sectors. These endeavors align with Abu Dhabi's broader objective of fostering an investment-friendly atmosphere conducive to innovative enterprises, both at home and abroad.
ADDED, which is supported by the Industrial Development Bureau (IDB), continues to develop programs targeted at recruiting global firms and creating an environment conducive to industrial growth. Abu Dhabi hopes to considerably increase its industrial sector's contribution to non-oil GDP by facilitating access to partnerships, funding, and appealing investment opportunities, thereby strengthening its global competitiveness and attracting both domestic and foreign direct investment.
