Abu Dhabi's reputation as a thriving hub for life, work, and business has solidified, according to the recently released 2023 census data. The emirate's population has burgeoned to 3. 8 million, reflecting a near doubling (an 83% increase) since 2011. This surge is attributed in part to a robust job market, with the number of skilled workers reaching unprecedented highs. This trend aligns with Abu Dhabi's strategic shift towards a knowledge-based economy.
The census data paints a clear picture of a flourishing economy. Abu Dhabi contributes a significant 60% to the UAE's GDP, which reached a staggering $310 billion in 2023. The emirate's commitment to fostering a business-friendly environment is reflected in its global ranking of 16th for ease of doing business. Initiatives like the Golden Visa scheme, introduced in 2019, serve as a magnet for foreign investors and entrepreneurs seeking fertile ground for innovation and business ventures.
Further bolstering Abu Dhabi's attractiveness is its world-class investment landscape. Foreign direct investment has witnessed a remarkable 300% increase since 2011, highlighting the emirate's unwavering focus on economic diversification. The Abu Dhabi Stock Exchange (ADX) is another indicator of this growth, with its market capitalization skyrocketing tenfold since 2011, reaching a colossal $806 billion in 2023. The technology sector is also experiencing a surge, solidifying Abu Dhabi's position as a frontrunner in innovation.
Beyond the economic factors, Abu Dhabi offers a lifestyle that is increasingly sought after by expatriates. Safety, security, and stability are hallmarks of life in the emirate, consistently ranking high in global metrics. This, coupled with a plethora of world-class amenities, cultural attractions, and a diverse, multinational population, makes Abu Dhabi a compelling choice for those seeking a vibrant and cosmopolitan living environment.
The 2023 census underscores Abu Dhabi's remarkable transformation into a global hub. With its robust economy, thriving job market, and commitment to innovation, the emirate is not only attracting businesses but also establishing itself as a preferred destination for those seeking a fulfulling life and career.