Abu Dhabi Essay Example | Topics and Well Written Essays - 1000 words

Abu Dhabi - Essay Example Its economic strength supersedes the world-wide financial crisis that had unfavourable effects in other regions. Its demography is characterized by almost 8-10 million inhabitants and a portentously ethnologically diverse populace. Its populace consists of Americans, Arabians, and Asian nationals. In terms of governance, the emirate has maintained a hereditary form of governance since its inception. Its executive council that largely constitutes of the ruling family members is the main decision-making organ in Abu Dhabi. In the last 10 years, Abu Dhabi has had noteworthy infrastructure and erection of major attractions. This has had substantial changes in the performance of the economy in the last decade. For instance, the occupancy rate in Dubai and Abu Dhabi has increased noticeably and the tourism rate has steadily intensified (Algethami, 2013). Abu Dhabi demonstrates a spot-on characterisation of distinction bearing in mind its enthralling past. The past ten years have been characterized by a massive influx of expatriates because it is considered a tax-haven. All its recent projects are more awesome than the one previously built. Previously, the labour force was based on the oil-based segment and was relatively underdeveloped. The nature of professions available was not diversified and were limited to a specific sector. However, the recent developments by subsidiaries means that more jobs are obtainable and the economy is open (ADCED, 2012). Lesser taxes and attractive infrastructure encourage investments in other sectors that are not oil-related. Abu Dhabi has strict laws that guide the importation of specific goods. Importers should familiarize themselves with these laws. In 2013, the value of imports into Abu Dhabi increased by 42.5 percent (Pantin, 2009, p. 1). This increase was supported by increased shipments of building materials, industrial equipment and machinery (Oxford Business Group, 2010, p. 21). Abu Dhabi’s non-oil exports were worth AED