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Abu Dhabi Conference 2010 inaugurated 

Monday, November 08, 2010
under the title ‘Delivering the Vision’, Abu Dhabi department of economic development and MEED inaugurated the two-day Abu Dhabi conference 2010 at the Fairmont, Bab Al Bahr Hotel in Abu Dhabi, in presence of more than 400 key policy-makers and influencers from over 20 countries.H.E Mohamed Omar Abdullah, Undersecretary- of Abu Dhabi Department of Economic Development inaugurated the conference by a reassuring message: Despite a challenging global economic environment, Abu Dhabi has kept a fast pace from theory to practice:H.E. shared key updates about the new projects driving the economic diversification as the Abu Dhabi Economic Vision 2030 and the five years economic plan.On the water and energy side, H.E. said: “the UAE has taken various initiatives to develop its water and electricity capacity to meet with the needs of its population and cater for the growing needs of the industry.  The development of a peaceful nuclear energy program is paving the way to meet the medium to long-term energy needs of the country”.As for the Infrastructure and transport projects he mentioned the redevelopment of the road network, the new Airport, the Khalifa Port, and the Union Railway which will enable the emirate to realize its vision, not only in Abu Dhabi City, but also in the Eastern and Western regions.He shared good news with industrialists, declaring that new projects will be inaugurated at the Khalifa Industrial Zone in Al Taweelah.On the ICT front, H.E. stated that “the Advanced Technology Investment Company is building a multibillion-dollar semiconductor fabrication plant, and advanced technology ecosystem in Abu Dhabi, to tap the rising global demand for semiconductors”.He concluded by saying: “In short, the one message I want to deliver today, is that we are on track to deliver of the Vision. Key economic indicators are positive and encouraging despite the current economic outlook”. He reiterated that: “As a government, we work to create more business opportunities for domestic and international investors, and provide more jobs for the citizens and residents of Abu Dhabi” and that in order to facilitate this process, “the UAE Government, lead by the ministry of Economy, is preparing a set of new federal laws, including the Investment law that will enhance further the position of the UAE as an attractive investment location”.Following the official opening ceremony, various sessions were held.  The conference will continue on Tuesday with a program that features a series of sessions focused on aluminum, aviation, environment, oil and gas, petrochemicals, ports, power and water, rail, real estate and roads.
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