• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Middle East

Abu Dhabi’s city in the sea

By
Alex Konrad
Alex Konrad
Down Arrow Button Icon
By
Alex Konrad
Alex Konrad
Down Arrow Button Icon
August 15, 2011, 9:00 AM ET

FORTUNE — Thanks to a bountiful supply of oil, the financial crisis did not hit Abu Dhabi as hard as it did other United Arab Emirates like Dubai. Abu Dhabi is still pursuing its ambitious urban development plan, Economic Vision 2030. The project includes a major urban expansion, notably a new commercial center, Sowwah Island, which will be home to 30,000 people and harbor luxury residences, hotels, marinas, and at its heart, the new headquarters of the Abu Dhabi Securities Exchange (below). –Alex Konrad



By the numbers:

$500 billion: Amount Abu Dhabi plans to sink into industry and tourism during the course of the Vision 2030 project. The emirate hopes the investment will double its GDP growth.

$78 billion: The market cap of listings on the Abu Dhabi Securities Exchange, based on 65 stocks. It is well below its level prior to the subprime crisis but has bounced back some since 2008.

3.3 miles: Length of the new seawall that surrounds Sowwah Island. The new city will have 13 bridges, its own subway, and climate-controlled pedestrian passageways.

Sources: Arab Monetary Fund, government of Abu Dhabi, Mubadala Real Estate and Hospitality, Zawya

This article is from the August 15, 2011 issue of Coins2Day .

About the Author
By Alex Konrad
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.