Abu Dhabi is the capital and the second most populous city in the United Arab Emirates (the most populous being Dubai). Abu Dhabi's rapid development and urbanisation, coupled with the relatively high average income of its population, has transformed the city into a large and advanced metropolis. Today the city is the country's centre of political and industrial activities, and a major cultural and commercial centre, due to its position as the capital. Abu Dhabi accounts for about two-thirds of the roughly $400-billion United Arab Emirates economy. Abu Dhabi is the fourth most expensive city for expatriate employees in the region, and in 2014 was the 68th most expensive big city in the world.
The UAE’s large hydrocarbon wealth gives it one of the highest GDP per capita in the world and Abu Dhabi owns the majority of these resources – 95% of the oil and 92% of gas. Abu Dhabi thus holds 9% of the world’s proven oil reserves (98.2bn barrels) and almost 5% of the world’s natural gas (5.8 trillion cu metres). Oil production in the UAE was in the region of 2.3m barrels per day (bpd) in 2010, and projects are in progress to boost production to 3m bpd. Recently the government has been diversifying their economic plans. Served by high oil prices, the country’s non-oil and gas GDP has outstripped that attributable to the energy sector. Non-oil and gas GDP now constitutes 64% of the UAE’s total GDP. This trend is reflected in Abu Dhabi with substantial new investment in industry, real estate, tourism and retail.
Fast growing economy, growing population (expats) and tourists from all over the world are contributing a lot to job generation within the city. Job opportunities exist in each & every sector in the city Abu Dhabi namely oil & gas, civil & construction, banking, IT, hospitality, medical, pharmaceutical, infrastructure services, government departments and so on. Abu Dhabi is home to huge no. of expats from all over the world in pursuit of transforming their dreams into reality.
Courtesy:Gulf Job Consultants