Abu Dhabi’s diversification strategy rests in part on laying the seeds of future industries overseas while preparing for their reception at home.
Economic diversification has long been a top priority for resource-based economies. From Canada to Australia, economic diversification away from natural resource dependency continues to occupy the minds of policymakers. The United Arab Emirates (UAE) is no different in this regard. The country has various economic vision strategies and plans all aimed at changing the industrial and economic structures of the economy. However, in the Emirate of Abu Dhabi, a new economic diversification policy experiment has been underway for some time now. Through a government investment arm called Mubadala, Abu Dhabi has pursued a diversification strategy that turns economic development models upside down.
