Mumbai: Indian companies are growing their footprint in Abu Dhabi, unlocking opportunities across the Middle East and Africa. Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development, highlighted this trend at the recent CII-ADIF Summit.
He noted that the emirate values partnerships over mere transactions. “India is integral to our growth story. From 2019 to 2024, Indian companies are expected to grow in Abu Dhabi at an astounding rate of 38.4%,” Al Zaabi shared. He emphasized that the relationship between India and the UAE goes beyond geographic closeness; it represents centuries of trade and mutual trust.
Al Zaabi mentioned that major Abu Dhabi investment entities, like the Abu Dhabi Investment Authority and Mubadala Investment Company, are actively channeling resources into Indian growth sectors. This investment drives job creation, innovation, and industry development.
Abu Dhabi is evolving into a hub where businesses can thrive. “We connect enterprises to some of the world’s fastest-growing markets,” Al Zaabi explained. He remarked on the significant growth in non-oil sectors, which expanded by 6.6% in the second quarter of this year.
With around 200 nationalities calling Abu Dhabi home, the Indian community plays a crucial role in its progress. Al Zaabi encouraged Indian investors to not just invest in Abu Dhabi, but to invest with it. “Together, we can turn challenges into opportunities,” he added.
This burgeoning relationship reflects a broader trend in international investments where countries seek partnerships that encourage goodwill and shared success. As nations navigate economic changes, shared aspirations can lead to thriving collaborations that benefit both parties.
For further insights on this partnership, explore the Abu Dhabi Investment Authority to understand its role in enhancing investment opportunities in India.
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