Australian firms cash in on Abu Dhabi's growth

More than 235 Australian businesses registered in the UAE during 2010

235 Australian businesses were registered in the UAE during 2010.
235 Australian businesses were registered in the UAE during 2010.

Abu Dhabi’s drive to reinvent itself as a hub of tourism and culture is luring in a fresh wave of Australian firms keen to cash in on the emirate’s lucrative construction deals.

More than 235 new Australian businesses registered in the UAE during 2010, Raymi van der Spek, chairman of the Australian Business Council, Dubai, said.

This adds to round 300 Australian companies already based in the country, many of which have shifted their focus from Dubai to the capital in the wake of the emirate’s real estate crash.

“It would be clear that almost all Australian business that are in the UAE, who probably started their lives in Dubai, have started to move their focus towards Abu Dhabi,” van der Spek said.

 “There is a clear signal in Abu Dhabi of an overt desire to significantly develop the emirate, whereas in the past, that role has been played only by Dubai. Obviously development leads to all sorts of growth and business opportunities.”

Abu Dhabi has unveiled a string of tourism projects aimed at enhancing its status as a cultural destination. Its $32.6bn pipeline includes the first overseas branch of The Louvre and an outpost of the Guggenheim Art Museum.

The emirate’s tourism arm, the TDIC, has more than 55 projects planned, ranging from golf clubs to hotels, to offshore islands.

On infrastructure, Abu Dhabi is investing some $82bn in roads and an emirate-wide rail network.

Of the 300 Australian companies registered in the UAE, 100 are in the construction and engineering sector, van der Spek said.

Most popular


Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the


CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020