Companies / United Arab Emirates
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Rise Of Abu Dhabi
June 2006 | Market Trend AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Although Dubai has dominated autos retail activities in the UAE, Abu Dhabi is attempting to compete with Dubai in the retail sector. Prospects for the automotive retail sector were boosted by a decision to allow 100% foreign ownership of operations in the Industrial City of Abu Dhabi (ICAD) and other sector-specific clusters, phased in over the next three to four years. The Higher Corporation for Specialised Industrial Zones (HCSEZ) is planning a number of economic zones, including one dedicated to automotive