Country
Population
Abu Dhabi is the capital of the United Arab Emirates. The city is situated on the island in the Persian Gulf off the Central West Coast. One of the interesting facts about this city is the home to the President of the UAE. The president of the UAE is also a member of the AI NAHYAN Family.
The city is working under the rules of the Department of Municipal Affairs and also the part of the Central Capital District. The funding for the development of the city is going through the state government because the city is the capital of the UAE and the major thing the president office is also located in this city.
Abu Dhabi is the wealthiest emirate of the UAE in terms of Gross Domestic Product (GDP) and per capita income.
Abu Dhabi's economic base rests heavily on crude-oil production. The emirate produce 9% of the world’s proven oil reserves and 5% of the World’s Natural Gas. Petroleum was discovered in 1958 at the submarine field of Umm al-Shayf, about 75 miles offshore. Additional offshore fields are at the Ruqq Al-Zukum (Zukum shoal, northwest of Abu Dhabi city) and connected by submarine pipeline to Das Island, and at Umm al-Dalkh, north of Abu Dhabi town. Principal onshore production is from the Murban and Bu Hasa fields, the centers of which are in the central part of the state, 25 to 40 miles from the coast.
In regards to manufacturing, the dominant industries have been chemicals and plastics along with aluminum. The UAE government also has made significant investments in petrochemicals and other downstream hydrocarbon industries. In addition, the government is encouraging local-foreign ventures to invest in manufacturing and offering low-interest loans through the Emirates Industrial Bank to private financiers willing to invest in manufacturing in the UAE. Fifty percent of all manufacturing centers are in Abu Dhabi.
Abu Dhabi plays a large role in the world economy. Its sovereign wealth fund is the world's wealthiest sovereign fund, in terms of total asset value. The current estimates suggest that the federation has more than a century of oil supplies and gas reserves expected to last for about 150 years
Public transport systems in Abu Dhabi include the Abu Dhabi public buses, taxis, ferries, and hydroplanes.
The Emirate has many ports. The main one is Port Zayed, the others are Musaffah Port and Khalifa Port, which opened in 2012. They are owned by Abu Dhabi Ports Company and managed by Abu Dhabi Terminals.
The main aviation hub of the emirate is the Abu Dhabi International Airport, the second busiest airport in the UAE. Passenger numbers at Abu Dhabi International Airport rose by 17.2 percent in 2015, with more than 23 million travelers passing through its terminals during that year. A 2nd runway and new terminal was also built recently.
Al Bateen Executive Airport was the old international airport in Abu Dhabi until 1982. Now it is being used by the military and small commercial planes.