Abu Dhabi is the capital of the United United Arab Emirates. Few people know about this city, because many people associate the UAE with the city of Dubai. But it is worth noting that Abu Dhabi is smaller in area, but more developed in economic terms. If Dubai is the tourist center of the country, then Abu Dhabi is the industrial, political and commercial center of the UAE.
View of the capital of the United Arab Emirates - the city of Abu Dhabi
There are several ways to find a job in Abu Dhabi:
Initially, it is better to start looking for a job on your own. After all, you will need to pay for the services of an intermediary agency.
Despite the fact that Abu Dhabi is not the most popular city among tourists in the UAE, it is not inferior to Dubai in terms of the number of tourists. You can find work in Abu Dhabi in large international companies or in the tourism sector.
It is easiest for Russians and Ukrainians to find a job in the tourism sector. The most in-demand jobs in this industry are:
If a foreign national wants to find a job in their specialty in Abu Dhabi, then it is worth remembering that programmers and system administrators are in incredible demand in this city.
There is no minimum wage in Abu Dhabi. Each employer independently determines the amount of wages. Low-skilled workers (cleaners, parking attendants, gardeners, security guards, etc.) receive the lowest salaries.
The average salary for these specialties does not exceed 1500 dirhams. Translated into foreign currency this amount equals 27 thousand rubles. But compared to Russian Federation this salary for a similar position is very high.
Most of these positions in Abu Dhabi are migrants from the poorest countries in Asia.
Ukrainians and Russians mostly work in Abu Dhabi in the tourism sector. So in hotel complexes and hotels, foreign workers earn an average of AED 2,500 per month. This is about 45 thousand rubles. The main advantage of working in hotels is the provision of accommodation and food.
Highly skilled workers earn between 8,000 and 31,000 dirhams on average.
The most demanded highly qualified specialties in Abu Dhabi:
Tourists who prefer to combine leisure with shopping will appreciate the possibilities of the emirate. There are 12 state-of-the-art shopping centers and many small shops in the style of an oriental bazaar. In addition, shopping is a kind of leisure in Abu Dhabi: knowing how to bargain, you can get not only pleasure from the process, but also satisfaction from the purchase, significantly reducing the initial price of many goods.
Abu Dhabi annually hosts entertainment and educational events: festivals, exhibitions, fairs, competitions - entertainment for every taste, and everything, of course, at the highest level.
Abu Dhabi Grand Prix- the main auto racing of Abu Dhabi, taking place on the famous Yas Marina track. In the 2015 season, the final Grand Prix will be held on November 29, which is the latest completion date for the championship in history.
Sheikh Mansour bin Zayed al-Nahyan horse race- World Championship among Arabian horses. Traditionally held at the Abu Dhabi Equestrian Club in November.
Al Dhafra Camel Festival- a unique and spectacular event, which can only be visited here, is dedicated to the "ship of the desert". You can watch these exotic animals, witness a camel beauty contest, and admire the winner.
Gourme Delicacy Festival in Abu Dhabi- one of the main culinary festivals in the world, which is attended by both the best chefs and gourmets from all over the world. In February, Abu Dhabi turns into the gastronomic capital and a real paradise for those who take part in the tasting.
Water Sports Festival takes place in the fishing town of Mirfa in Al Gharbiya. The best athletes will gather here and demonstrate their skills in swimming, rowing, water skiing, and surfing competitions. And on the coast you can attend theatrical performances and concerts, participate in competitions and play beach volleyball.
Macroeconomic indicators of the emirate's development.
The UAE economy has successfully passed the test of the global financial crisis and is now gaining momentum again. Abu Dhabi is the main driver of the country's development. In 2011, the GDP of this emirate increased by 8% and amounted to about $160 billion. The number of people employed in the economy over the same period increased by 5% and reached 1.49 million people. Along with the growth of the emirate's economy, incomes grow local population. According to this indicator, Abu Dhabi is one of the world leaders. Of course, the prosperity of the emirate is largely based on the export of hydrocarbon resources.
However, in Abu Dhabi, both the oil and non-resource sectors of the economy are developing equally successfully. In the first case, this is largely due to the growth in world prices for hydrocarbon resources in 2011. The dynamic development of the non-commodity sector, in turn, is a merit of the government of Abu Dhabi. The authorities of the emirate continue to pursue a policy of economic diversification in order to reduce dependence on price fluctuations for "black gold". According to the Abu Dhabi Statistics Center, from 2001 to 2011, the non-oil sector of the emirate's economy increased by almost 3.5 times. At the same time, the share of private companies operating in the Abu Dhabi market has grown.
In 2011, Abu Dhabi's non-oil share of GDP increased by 8.7%. However, "black gold" still plays a significant role in the emirate's economy and accounts for 54% of its GDP. At the same time, Abu Dhabi accounts for about 94% of all oil produced in the UAE. It also contains 92% of the natural gas reserves of the United Arab Emirates.
Although, according to experts, Abu Dhabi's oil reserves will last for 100 years, the emirate's authorities are actively investing in non-commodity assets: aerospace technologies, telecommunications and IT projects, petrochemicals and environmental technologies. As part of the Masdar City project, the emirate is working on the creation of highly efficient renewable energy sources. In Abu Dhabi, high-tech sectors of the economy, such as aircraft and shipbuilding, are being created almost from scratch. It is expected that by 2018 the first passenger aircraft will be assembled here. To this end, the authorities of the emirate are actively developing a related industry - the production of composite materials.
In the total GDP of Abu Dhabi, according to the results of 2011, the "manufacturing" sector is 12%, the "construction and real estate" sector - 10%. Wholesale and retail, hospitality and industry Catering collected 6% in total. According to analysts, in the next 10 years, $10 billion will be invested in the tourism industry in Abu Dhabi, which means that the share of these sectors in the total GDP of the emirate will increase.
Impressive indicators characterizing the external trading in Abu Dhabi. Total exports, including re-exports, grew by almost 10% to about $91 billion. Other important indicator foreign trade in Abu Dhabi- imports - increased by 8% and amounted to $ 29.5 billion. In general, the indicators economic development Abu Dhabi is in line with a multi-year trend. So, for example, in the period 2005-2010, imports grew by 180%, while GDP, excluding the oil sector, grew by 90%.
Abu Dhabu is still the richest emirate, with the most developed economy. As the largest oil producer, Abu Dhabi also acts as the main source of financing for other emirates. Diversification strategy, reducing dependence on oil revenue, according to experts, will allow the emirate to continue to maintain the status of the main driver of the development of the UAE economy.
© 2012 INCONA. ALL RIGHTS RESERVED. When citing a reference to the site is obligatory.
Experts estimate the proven oil reserves of the UAE at 98 billion barrels, that is, approximately 1/10 of the world's reserves.
The Abu Dhabi National Oil Company (ADNOC), founded in 1971, occupies a leading position in the industry. Recently, special attention has been paid to the exploration of new fields, the development of newly found ones, and oil and gas marketing. Oil refining, distribution and marketing of oil products and liquefied gas are gradually receding into the background. ADNOC owns two oil refineries operating in the cities of Umm al Nar and Ruweis, a gas processing plant in the city of Habshan, a network of gas distribution stations on gas pipelines, and a chlorine plant in Umm al Nar.
The ADNOC group of companies operates in all sectors of the oil and gas industry, including upstream (onshore and offshore drilling), Gulf technical support, tanker transportation, distribution of oil and oil products, and fertilizer production.
The ADNOC group of companies consists of three parent companies engaged mainly in oil (Abu Dhabi Company for Onshore Oil Operations - ADCO, Abu Dhabi Marine Operating Company - ADMA-OPCO, Zakum Development Company - ZADCO), five service companies specializing in providing services for oil and gas industry, three joint ventures for the full use of the gas received, two shipping companies for the transportation of crude oil and refined products, and a company for the distribution of finished products.
Abu Dhabi Company for Onshore Oil Operations (ADCO) is the largest oil producing company in the northern part of the Persian Gulf. In the field of its activity - search, drilling, production and export operations in the emirate of Abu Dhabi and in shallow waters.
Abu Dhabi Marine Operating Company (ADMA-OPCO) is engaged in the exploration, development and production of oil and gas offshore the emirate of Abu Dhabi and in the Umm Shaif and Zakoom fields. The entire volume of oil and gas produced is transported to Das Island, where the company's gas and oil storage facilities are located, for further processing, storage and export: a modern terminal is equipped on the island.
Zakum Development Company (ZADCO) was founded in 1977. Engaged in the development of the world's largest deposit Upper Zakum, deposits in Umm al-Dalh and Satah. Production is carried out jointly with ADNOC and Japan Oil Development Company (JODCO).
On June 6, 1966, the first large oil field was discovered in the emirate of Dubai in the town of Fateh, and two and a half months later, export deliveries. Oil production in the Fateh, Rashid and Faleh zone is handled by the Dubai Petroleum Company (DPC). Production volume - 170,000 barrels per day (b / d).
Since 1982, APCO International Oil & Gas Company (ARCO) has been operating gas and gas condensate from the Magkham field. Daily production is about 6,000 barrels of condensate.
In Sharjah, oil and gas production is handled by BP Amoco Sharjah Oil Company. Daily production is 40,000-45,000 barrels of oil and 700 cubic feet of gas. The main deposits are Sadzha, Moveyeid, Kafaif and the Mubarak shelf.
The first refinery with a capacity of 15,000 b/d was opened in 1976 on the island of Umm al Nar in the emirate of Abu Dhabi. The plant provided the needs of the local market. In 1983, the plant produced 75,000 b/d of naphtha, gasoline, kerosene, diesel fuel and fuel oil. In 1981, a large processing plant with a capacity of 120,000 b/d was opened in Ruwais, Abu Dhabi. By 1995, daily productivity had grown by 10%. The same oil products are produced as at the plant in Umm al Nar, and in addition - diesel fuel for ships and sulfur. Liquefied gas is produced for further processing by GASCO.
The plants in Umm al Nar and Ruwais process a tenth of the oil produced in Abu Dhabi and are the most profitable enterprises: they have no equal in the world in terms of such an indicator as the payback period of invested capital. In 1999, the Dubai government-owned ENOC opened a gas condensate plant in Jebel Ali with a daily capacity of 120,000 barrels of gasoline, naphtha, jet fuel and diesel fuel.
SOR Ltd, in cooperation with Fal Group, continues to build an oil refinery in the port of Hamria with a design capacity of 60,000 b/d.
In 1996, a 35,000 b/d oil refinery owned by the Greek company Metro Oil Corporation was opened in Fujairah. After some time, it was closed due to financial difficulties, but already in 2000, with the support of the government of the emirate, it resumed its work as the Fujairah Refinery Company, increasing its productivity to 60,000 b/d. The plant produces kerosene, gasoline, aviation fuel, motor oils. The company's shareholders are Van Ommeren, ENOC and the government of the emirate of Fujairah.
Recall that the port of Fujairah ranks third in the world (after Rotterdam and Singapore) in terms of exports of petroleum products. Only motor oils are exported from here from 600,000 to 800,000 tons monthly.
Thus, the UAE almost completely meets its needs in refined products. Currently, the countries of the Gulf Cooperation Council (GCC) process about 15% of the oil they produce. By 2007, this figure is planned to increase to 21% (EIB Journal, September 1997).
In the recent past, associated gases were simply flared during oil production, but after the jump in oil prices in 1973, interest in gas increased dramatically. In 1974, the UAE produced about 500 million cubic feet of gas, 1.5% of which was used by oil companies, 1.5% was used in Abu Dhabi for electricity generation and seawater desalination, and 93% was simply burned. By 1980, more than half of the produced gas was exported or used locally, and already in 1983, the rate of rational use of associated petroleum gas in the Emirate of Abu Dhabi reached 92%!
Experts estimate world gas reserves at 150 trillion cubic meters. 4% of this value (6 trillion cubic meters) are located on the territory of the UAE: 92% - in the emirate of Abu Dhabi, 5% - in Sharjah and 2% - in Dubai. Currently, about 55% of the produced gas is used in the country, and the rest is exported in liquefied form. ADNOC has a number of impressive gas projects underway with Abu-Dhabi Gas Liquefaction Co (ADGAS) and Abu-Dhabi Gas Industries (GASCO) .
ADGAS has been implementing a gas liquefaction project since 1973. In 1977, the plant on Das Island began operation, producing 2.3 million tons of liquefied natural gas and 1.4 million tons of liquefied associated petroleum gas annually.
GASCO is one of the world's largest gas processing companies. It was founded in 1981 and since then has been processing natural and associated petroleum gas. From the fields in Ruwais and Abu Dhabi, it supplies gas for power plants and for the needs of the petrochemical industry. However, most of the gas is still exported.
Dubai Gas Company (DUGAS) was established in 1980 in Jebel Ali FEZ. Engaged in the processing of associated petroleum gas, butane and propane mainly for export, collection of gas condensate; methane and ethane are intended for power generation and water desalination, aluminum smelting.
SHALCO was founded in 1986 in Sharjah to produce, liquefy and export gas. Part of the gas is used to generate electricity and desalinate water in the city. In addition, about 95 million cubic feet of gas is sent daily to Dubai, to DUGAS.
In 1980, a plant for the production of mineral fertilizers (FERTIL) was built in Ruwais, which is a joint company between ADNOC and Total.
An important place in the plans for the development of the oil industry in the UAE is occupied by the Dolphin Project, which provides for further deepening of ties with the gas infrastructure of Qatar and Oman, and in the near future - Pakistan. A project milestone statement was signed in March 1999 between Qatar General Petroleum Corporation and UAE Offsets Group (UOG). This will allow gas to be exported from the rich North Dome field in Qatar. The cost of the project is estimated at 8-10 billion dollars. Its implementation period is six to seven years. At the first stage, by the end of 2002, the gas pipeline laid on the bottom of the sea will pump 1,200 million cubic meters. feet of natural gas. In the future, it is planned to bring this figure up to 3,000 million cubic feet. The Dolphin project is the first program of this magnitude: in value terms, this is 10% of the world's gas supplies.
The Abu Dhabi - Dubai gas pipeline is under construction. After commissioning, Dubai will receive 800 million cubic feet of gas from the Al Bakhush field (Abu Dhabi) - through a desalination plant and a power plant in Jebel Ali. Over time, this branch will be connected to the Dolphin project.
Buying property in the UAE is very profitable investment in terms of reliability and return on investment. Acquisition of real estate in Abu Dhabi is possible, as in the name individual, and in the name of the company. The ideal legal entity for the acquisition of real estate is the offshore company RAK of the Emirate of Ras Al Khaimah. Below is the description legal entity of this type and arguments, testifying to the advantage of using it to purchase real estate in the capital of the UAE.
First of all, it should be noted that a significant advantage of the Ras Al Khaimah Emirate RAK ICC company, which is registered in the UAE, is the absence of the need for additional legalization of company documents. When using similar foreign companies, the legalization of documents is mandatory, and requires significant financial and time costs.
This type of legal entity is well known to banks and government agencies UAE, which is the key to smooth cooperation with banks and other institutions. Therefore, when opening bank account or registration of private property / real estate in Abu Dhabi, there will be no difficulty.
Companies of this type are completely exempt from taxation in the UAE, which means that any type of income received by the company is not taxed in the United Arab Emirates. In the case of real estate ownership, income received from the rental or sale of properties is not subject to taxation in the UAE.
The offshore company RAK ICC of the Emirate of Ras Al Khaimah also has an advantage in terms of financial reporting, since neither auditing, nor tax reporting in the UAE for these companies are not required.
In accordance with the applicable regulations of the Abu Dhabi Real Estate Supervisory Authority, Ras Al Khaimah offshore company RAK ICC has the right to acquire and own property in the capital of the UAE.
Contact us before starting the registration process offshore company RAK ICC Ras Al Khaimah in the UAE and we will send you a detailed step by step guide. In short, we receive from you the main documents and data - your wishes regarding the name of the company and your documents (a copy of your passport and some additional documents). Registration of a company takes from 3 to 5 working days, and immediately after receiving the full package of documents, you can use it as the owner of your property / real estate in Abu Dhabi.
