Abu Dhabi Urban Structure Framework Plan - Research Paper Example

Download file to see previous pages Moreover, the interviews conducted have been aimed at determining the opinions held by the mentioned officials regarding the participation of their respective companies towards the furtherance of the efforts to transform the city of Abu Dhabi into an international field. Also, the conducted interviews sought to gain the view of said officials on employment, training and development, the role of the private sector and Abu Dhabi’s local infrastructures. These then are believed to provide proper and complete information regarding the economic diversification of Abu Dhabi from the vantage point of Mudabala and Siemen as key players in the said undertaking.

The purpose of this study is to understand the role played by Mudabala and Siemens in the economic diversification of Abu Dhabi. Mudabala Development Company (Mudabala) is an investment vehicle wholly owned by the Government of Abu Dhabi. Mudabala aims to further the economy of Abu Dhabi through diversification. The primary undertaking of the company is to enter into long-term capital-intensive investments to provide Abu Dhabi with strong financial returns and aggressive improvements in the city. On the other hand, Siemen, as an important member of the Masdar Institute has been instrumental in the process entailed by transformation. As a result, this paper endeavoured to seek the opinion of the standard-bearers of the two companies taking the helm of the economic diversification of Abu Dhabi. The views expressed by the Chief Operating Officers of Mudabala and Siemen have been instrumental in establishing a clear and in-depth view of the steps necessitated by the “Plan Abu Dhabi 2030: Urban Structure Framework Plan”. The interviews conducted will provide the readers with a comprehensive look into the economic progressive course that Abu Dhabi is currently undertaking.

Context has been defined as how people ascribe certain meaning to the information they obtain from their surroundings (Zakaria, 2006). Context is likewise deemed as the process by which people interpret and construe the facts appurtenant to the environment (Zakaria, 2006). In the same manner, the act of “contexting” is seen as the process of decoding and translating occurrences utilizing available information (Zakaria, 2006).

There are two categories of context application. The first is High Context, characterized as the tendency of people to rely on implicit contexting by using factors such as the environment, situational conditions, people, underlying reasons for the communication and how the process of communication is being carried out (Zakaria, 2006). The second category is Low Context wherein people are deemed to rely on factors such as the words used in the conversation per se, written documents and actions manifested (Zakaria, 2006).

The major source of income for Abu Dhabi’s economy had been from oil and natural gas reserves over the past five decades more than 80% of the country’s economy may be attributable to such (Davidson, 2009). Furthermore, UAE has been a major contributor to the development of the Gulf Cooperation Council (GCC) region by being one of the world’s largest dynamic and developing producers of gas and oil (Trent, 1995). The Abu Dhabi National Oil Company (ADNOC) has likewise played a major role in the economic growth of Abu Dhabi transforming the nation into one of the world’s leading gas and oil producer (Trent, 1995). However, aside from the income generated by oil and natural gas, the economy of the emirate has also been augmented by earnings coming from the exportation of pearls, metals and other minerals and the conduct of financial services (Davidson, 2009). However, due to the large dependency on oil and gas for the domestic economy and the concomitant exploitation of reserves in the past two decades, Abu Dhabi’s key officials saw it fit to implement policies aimed at the diversification of their economy (Golden, 2007). ...Download file to see next pages Read More