Abu Dhabi is reassessing some goals in its 2030 Economic Vision, acknowledging slower economic and population growth due to the fallout of the global economic crisis. The reassessment, outlined in the prospectus of a government-guaranteed bond, reflects a series of modifications to plans by Abu Dhabi insitutions over the past two years.
The changes mainly involve delaying or adapting infrastructure projects to match new economic realities, but officials stress that the overall outlines of the 2030 plan remain intact. They also note that the plan was designed to be updated regularly according to macroeconomic conditions.
“As a result of the global financial crisis and its impact on Abu Dhabi’s economy in 2009, a reassessment of certain goals set out in the 2030 Economic Vision, including in particular the planned GDP growth and the population assumptions underlying the 2030 Economic Vision, is being undertaken,” says the prospectus. The document was distributed to investors this month in connection with a $1.5bn bond issued by Waha Aerospace."
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