ABU DHABI // Abu Dhabi's women, young people and highly skilled expatriates must play a more prominent role in economic life over the next 20 years if the emirate hopes to realise its economic vision.
The emirate must also make the development of isolated regions a top priority.
These two ideas are central to the Abu Dhabi Government's Economic Vision 2030 report, which was launched yesterday and outlines the emirate's priority areas, objectives and guidelines for the next two decades.
By that date, the plan envisions a "sustainable and diversified" economy, "well-integrated" with the global system, that will provide opportunities for Emiratis and residents alike.
Equipping young people to take over the economic reins is one of the main priorities identified in the 142-page report, along with having more women join the work force.
Young people are Abu Dhabi's "greatest national resource", with nationals under the age of 24 accounting for 65.5 per cent of the population, it says. The challenge, however, lies in preparing them to enter the job market, especially in key sectors such as energy, finance, trade and manufacturing.
Potential solutions, it adds, include reforming the education system, and initiatives to increase the number of summer or part-time jobs to prepare students for the working world.
The Government also believes that it is important to continue attracting and retaining skilled workers from overseas.
"A focus on more highly skilled, high-income expatriate workers will have both economic and demographic benefits," the report states.
In Abu Dhabi, expatriates earn an average of Dh6,000 (US$1,633) a month, according to the report. However, many are paid less, meaning the expatriate population is comprised largely of working-age men who cannot afford to have their families here with them. This means "the expatriate population is strongly slanted towards working-age males, which has caused an overall age and gender imbalance in the Emirate's population".
Shifting the economy towards "higher value-added industries" could entice more families to live in the emirate.
Having more families around would not only redress the gender imbalance but increase "the overall purchasing power".
Higher salaries and improvements in areas such as education and health care could also help lure more skilled workers.
More than half of Emirati households in Abu Dhabi bring home more than Dh10,000 a month. Most rely on only one breadwinner - something that will be redressed as more women and young people enter the work force.
Abu Dhabi's population, the report continues, has doubled in only two decades as a result of high birth rates, lower death rates and increased immigration.
"The larger population presents Abu Dhabi with a great opportunity, providing the manpower to staff a 21st-century economy," it says.
At the same time, it is important that the Government monitors the "social implications of development".
According to 2005 figures published in the report, Emirati women in Abu Dhabi lag behind their peers in Norway, Canada, Egypt and Singapore when it comes to female participation in the work force.
However, with 18.5 per cent of Emirati women in Abu Dhabi employed, the emirate fares better than the UAE overall in terms of working women. Across the country, only 13 per cent of women are in jobs.
Encouraging more women to join the work force, particularly in rural areas, will lead to greater economic development, the report states. It also suggests providing financial support to women who work from home.
Katty Marmenout, a research fellow in the Women and Leadership in the Middle East programme at Insead, a centre for executive education and research in Abu Dhabi, agreed more needed to be done to prepare women for the private sector. "There are many national women working now, but many largely prefer to work in the public sector. There must be more efforts exerted to prepare women and utilise them in the private sector."
Azza al Qubaisi, an Emirati artist and jewellery designer who founded the not-for-profit organisation Made in the UAE, said she thought the incentives provided to Emirati women were almost on par with thodr men receive. She praised initiatives such as the creation of nurseries in government offices, and Mubdiah, a programme established by the Abu Dhabi Businesswomen Council to support female Emirati entrepreneurs who work from home.
zconstantine@thenational.ae
talramahi@thenational.ae
Countdown to Zero exhibition will show how disease can be beaten
Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a month before Reaching the Last Mile.
Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
What is type-1 diabetes
Type 1 diabetes is a genetic and unavoidable condition, rather than the lifestyle-related type 2 diabetes.
It occurs mostly in people under 40 and a result of the pancreas failing to produce enough insulin to regulate blood sugars.
Too much or too little blood sugar can result in an attack where sufferers lose consciousness in serious cases.
Being overweight or obese increases the chances of developing the more common type 2 diabetes.
TICKETS
For tickets for the two-day Maharlika Pilipinas Basketball League (MPBL) event, entitled Dubai Invasion 2019, on September 27 and 28 go to www.meraticket.com.
Napoleon
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Our family matters legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
F1 2020 calendar
March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.
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Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
How has net migration to UK changed?
The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.
It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.
The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.
The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.
Mohammed bin Zayed Majlis
German plea
Ukrainian President Volodymyr Zelenskyy told the German parliament that. Russia had erected a new wall across Europe.
"It's not a Berlin Wall -- it is a Wall in central Europe between freedom and bondage and this Wall is growing bigger with every bomb" dropped on Ukraine, Zelenskyy told MPs.
Mr Zelenskyy was applauded by MPs in the Bundestag as he addressed Chancellor Olaf Scholz directly.
"Dear Mr Scholz, tear down this Wall," he said, evoking US President Ronald Reagan's 1987 appeal to Soviet leader Mikhail Gorbachev at Berlin's Brandenburg Gate.
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
SPECS
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