Abu Dhabi’s construction opportunities
Published: 09 Oct 2008
The capital city of the UAE has kicked off a multi-billion dollar development plan. Its focus: to concentrate on sustainability and the arts.
How to break into the market
- Finding a local partner or sponsor is essential to setting up in Abu Dhabi. This can either be an Emirati individual who will take part-ownership of your company or a company that you can do a joint venture with. Or contact Abu Dhabi’s Chamber of Commerce and Industry, which will help you set up meetings with potential sponsors.
- Registration with the municipality can be a six-month process, as you must prove that you have the right experience and the appropriate skills and resources to set up shop in Abu Dhabi.
- In addition to demonstrating the calibre of your organisation, having people from your company living in the country is essential.
Life in Abu Dhabi
- Abu Dhabi is one of the richest places in the world. Its citizens have a GDP per capita of an astonishing $63,000 (£35,000), the third-highest after Luxembourg and Norway.
- Expatriate life in Abu Dhabi may be sociable, but it has difficulties.
- Until much of its new infrastructure and housing is built, the city will continue to burst at the seams with people.
- This means traffic is at a near-constant gridlock, parking is difficult, and finding a decent place to live – for the time being – is near impossible.
- Landlords commonly look for a year’s rent to be paid in one instalment.
- English-language schooling is in extremely short supply. Fortunately, the national developers are coming to the rescue.
For more on working in the region visit Building's Abu Dhabi: The fast show.