1. 25 November 2013
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Abu Dhabi's General Business Climate Index increased
Abu Dhabi’s General Business Climate Index has gained two points in the second
quarter of 2013, compared to the first quarter of the same.
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This constant buoyancy is due to the spectacular improvement witnessed by Abu Dhabi
Securities Exchange, and the enhanced indicators of the banks operating in the Abu
Dhabi particularly and in the UAE generally, in addition to the large-scale projects that
the Emirate devotes itself to executing, ranging from citizen housing projects, to
educational and tourism projects, including the new passenger building at Abu Dhabi
International Airport. This has positively impacted investors and their becoming aware
of the improvement of the Emirate’s economic scene.
The views of economic establishments as to the present economic conditions generally
and their facilities particularly have improved during the second quarter of 2013,
compared to the first quarter of the same year. The significance of the current
conditions index scored (52) points during the second quarter of 2013, as against 49
points roughly during the first quarter of the same year.
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This progress is a product of severe efforts by the Abu Dhabi Government and the
passing of laws set up to foster an investment and business climate environment in the
Emirate. The law establishing Abu Dhabi Global Marketplace as a free zone amid
international expectations is one of such examples that would improve the UAE's status
to rising market following improved level of performance of Abu Dhabi Securities
Exchange.
This is quite normal at a time when the banking sector, financial market, and tourism
sector particularly are seeing a real recovery take place since the commencement of
this year. Numbers of establishments supposed to enter into operation during this year,
increased by 24 hotel establishments.
Intuit Research Team
Intuit Management Consultancy
India Tel: +91 9840708181 Fax: +91 44
42034149
Dubai Tel: +971 4 3518381 Fax: +971 4 3518385
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