Economic profile

• Oil and wealth: Abu Dhabi's economy was historically based on pearling before the discovery of oil in the late 1950s. Today, it is one of the world's leading oil and gas producers, possessing a significant portion of the world's total oil reserves. The immense revenues from oil and overseas investments have given the emirate one of the world's highest per capita incomes.
• Economic diversification: While still an energy powerhouse, Abu Dhabi has invested heavily in economic diversification through its sovereign wealth funds and initiatives like the Abu Dhabi Economic Vision 2030. This has led to growth in sectors like financial services, tourism, renewable energy, and advanced technology.
• Investments: Abu Dhabi is home to major international financial and business centers, including Abu Dhabi Global Market (ADGM), a hub for fintech startups.