Abu Dhabi Stimulus Plan [Infographic]
The government of Abu Dhabi announced a $13.6 billion stimulus package aimed at supporting economic development over three years. Crown Prince Mohammed bin Zayed al-Nahyan instructed officials to draw up detailed plans for allocating the funds over the next 90 days. Abu Dhabi's economy has stagnated in recent years as a result of lower oil prices, as well as austerity measures taken by the government to curb the rise in deficits. The new stimulus package includes 10 initiatives designed to streamline bureaucratic regulations and facilitate the ease of doing business in the UAE.
The Bridge: Competing Megaprojects in Kuwait and Saudi Arabia.
Market Watch: U.S.-Saudi Economic Ties: Why Saudi Arabia Matters
Market Watch: Payment Delayed: The Economic Risk of Gulf Contracting Practices
by Karen E. Young
Like the Bin Laden Group and Saudi Oger, Carillion has proved that the construction of megaprojects in the Gulf, however lucrative and central to state-led development plans, is full of pitfalls.
Market Watch: Oman’s Investment and Reform Strategy: “Slow and Go”
by Karen E. Young
Oman exemplifies the challenges of generating investment and infrastructure growth with diminishing fiscal resources.
The Bridge: ADNOC Accelerates Partnership Initiatives and Expands Investment Opportunities.
Issue Paper: Private Financing, Ownership, and Management of Gulf Infrastructure
Issue Paper: Prioritizing Renewable Energy in a Time of Fiscal Austerity
The Bridge: Abu Dhabi Share-Swap Deal with BP Forges New Contract Model
by Diane Munro
Abu Dhabi capped a year of unprecedented change at state oil company Abu Dhabi National Oil Company (ADNOC) with a landmark $2.2 billion share-swap with legacy partner BP. The unique model for a joint venture gives Abu Dhabi a 2 percent stake in BP in exchange for a 10 percent share in the country’s main onshore oil concession.