Abu Dhabi's oil reserves will continue to provide strong revenues for the UAE capital for another 150 years, a report from Isthmus Partners has claimed.
Entitled Abu Dhabi Investment Environment, the report claims that with 95 per cent of the UAE's oil reserves and 92 per cent of national gas reserves, Abu Dhabi is in a strong position to continue its growth and generate revenues to reinvest in a diversified economy.
"The government has intensified the diversification efforts in recent years capitalising on the 2000s oil boom and the increased inflows of foreign investment," the report claimed.
Areas of reinvestment may include training and development and higher-level education, financial services, aerospace technology and health services.
Investment in training and development will be key to managing the growth in population identified in the report and allowing the emirate to retain its position as one of the world's richest countries in terms of gross domestic product per capita.
Oil and Gas Directory: Training and Development