New Entrants into Abu Dhabi on Hold Due to Government Caution


Posted on November 5, 2009 at 1:11 AM

International firms planning on opening offices in Abu Dhabi may have to reconsider with the UAE pondering a moratorium on further office launches.Many firms have already entered Abu Dhabi in the past year, while a number of others are considering entering due to the attractive infrastructure and energy opportunities. However, the government is looking to avoid a repeat of the situation in Dubai, where the many offices launched between 2006 and 2008 had to fire numerous people after the local market declined.

A government source commented: “The government wants to avoid people becoming unemployed in the future - it would be a precautionary method.”

However, some argue that the existing regulations already control the market efficiently.

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