NBAD leads Abu Dhabi highlight in London

DUBAI - The National Bank of Abu Dhabi, or NBAD, highlighted Abu Dhabi’s economic and market opportunities at the fourth annual Abu Dhabi Investment Forum, or Adif.

By (Staff Report)

Published: Tue 23 Oct 2012, 10:46 PM

Last updated: Tue 7 Apr 2015, 2:49 PM

NBAD was a lead sponsor and provided expert analysis to the one-day event held in London.

The forum, organised by the Abu Dhabi Department of Economic Development and Institutional Investor, congregated Abu Dhabi’s industry leaders and top-level policy-makers with investors from Asia, Europe and the US.

Held in association with UK Trade and Investment, it provided a medium to discussed trade and investment opportunities in Abu Dhabi. It discussed such topics as the impact of the Arab Spring and euro crisis in Abu Dhabi, the market and economic outlook as well as the shifting of economic power in favour of emerging and commodity-rich countries.

Nasser Ahmed Alsowaidi, chairman of the Department of Economic Development and the chairman of NBAD’s board of directors, delivered the keynote address at the Forum.

Speaking in a panel entitled “Insight into the Fundamentals of Abu Dhabi’s Financial Sector”, NBAD group chief economist Dr Gýyas Gokkent illuminated the Abu Dhabi financial system’s strength relative to the global peers.

“The operating environment in Abu Dhabi is relatively dynamic fueled by Abu Dhabi Vision 2030 diversification plans,” Dr Gokkent said. “In 2011, Abu Dhabi’s real GDP grew by 6.8 per cent, in which the non-oil sector jumped 4.1 per cent and the oil sector saw a growth of 9.4 per cent.”

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