The capital's economy in recent years has made major steps to diversify its economy away from oil revenues into petrochemicals, steel and aluminium. The multi-billion dirham projects are in line with Abu Dhabi's Economic Vision 2030 that aims for sustainable growth on a solid economic basis.
According to Abu Dhabi's Urban Planning Council some $200 billion (Dh734 billion) will have been pumped by 2013 into various infrastructure projects.
"The idea behind Abu Dhabi's economic diversification is that if oil prices go down, there will be other sources of income to compensate [for the loss in oil revenue]," Mohammad Amerah, an Abu Dhabi-based economist, told Gulf News.
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