Indian Businesses Expanding in Abu Dhabi: Strengthening Economic Ties and Market Access

Indian businesses are expanding in Abu Dhabi, gaining access to crucial markets in the Middle East, Africa, and beyond, according to Ahmed Jasim Al Zaabi. Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development, highlighted this growth at the CII-ADF Summit. He emphasised that Abu Dhabi values partnerships over mere transactions.

Al Zaabi noted that Indian companies have been growing in Abu Dhabi at an annual compounded growth rate of 38.4% from 2019 to 2024. This expansion reflects confidence in Abu Dhabi's vision. "India has always been an important part of our growth," he stated, underscoring the strategic importance of this relationship.

The geographic closeness between India and the UAE signifies more than just proximity. Al Zaabi remarked, "It represents centuries of trade, trust and friendship that have shaped the course of our shared prosperity." This historical connection has fostered a robust economic partnership.

Abu Dhabi's investments in India reflect this trust and shared ambition. Institutions like the Abu Dhabi Investment Authority and Mubadala Investment Company are investing in India's growth sectors. These investments are creating jobs, building industries, and advancing innovation.

Abu Dhabi supports businesses to start, scale, and succeed by connecting them to rapidly growing markets worldwide. The emirate sees limitless potential in its partnership with India. "We believe in partnerships not transactional relationships," Al Zaabi said.

Abu Dhabi is home to people from around 200 nationalities, including many Indians who contribute significantly to its progress. Indian entrepreneurs and professionals find success and a welcoming environment for their talents in Abu Dhabi.

Shared Vision for Future Growth

Both India and Abu Dhabi are among the world's fastest-growing economies. By the second quarter of this year, Abu Dhabi achieved 17 consecutive quarters of growth with a 6.6% expansion in non-oil sectors, contributing over half of its GDP.

Al Zaabi encouraged Indian investors to not only invest in Abu Dhabi but also collaborate with it. He highlighted that their joint efforts have turned challenges into opportunities over time. "This is the direction we continue on together," he said.

Through progressive policies and a business-friendly ecosystem, Abu Dhabi has become a hub where ambition meets opportunity. The emirate's world-class infrastructure and forward-looking regulations further enhance its appeal as a business destination.

The collaboration between India and Abu Dhabi continues to generate value for both nations' people and future generations. Al Zaabi expressed optimism about expanding these partnerships further, aiming for mutual prosperity.