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Economy of Abu Dhabi


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proposed rail link between Abu Dhabi and Dubai all in the development stages.

Abu Dhabi is the wealthiest emirate of the UAE in terms of Gross Domestic Product (GDP) and per capita income. More than $1 trillion is invested worldwide in this city alone. In 2010, the GDP per capita also reached $49,600, which ranks ninth in the world after Qatar, Liechtenstein and Luxembourg and many others. Abu Dhabi is also planning many future projects sharing with the Cooperation Council for the Arab States of the Gulf (GCC) and taking 29% of all the GCC future plannings. The United Arab Emirates is a fast-growing economy: in 2006 the per capita income grew by 9%, providing a GDP per capita of $49,700 and ranking third in the world at purchasing power parity. Abu Dhabi's sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA), currently estimated at US$ 875 billion, is the world's wealthiest sovereign fund in terms of total asset value. Etihad Airwaysmaintains its headquarters in Abu Dhabi.

Abu Dhabi's government is looking to expand revenue from oil and gas production to tourism and other sorts of features which would attract different types of people. This goal is seen in the amount of attention Abu Dhabi is giving to its International Airport. The airport, in 2009, experienced a 30%+ growth in passenger usage. This idea of diversification of the economy is also seen in the Abu Dhabi Economic Vision 2030 planned by the Abu Dhabi Urban Planning Council. In this plan Abu Dhabi's economy will be sustainable and not be dependent on any one facet or source of revenue. More specifically the non-oil portion of income is planned to be increased from about 40% to about 60%
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