Financial Times FT.com

Emirate prepares for post-oil economy

By Robin Wigglesworth in Abu Dhabi

Published: September 7 2009 19:35 | Last updated: September 7 2009 19:35

Abu Dhabi’s stable of activist sovereign investment funds has been leading the wealthy emirate’s charge to diversify its economy into high-tech industries such as renewable energy, aerospace, chemicals and semiconductors.

While Abu Dhabi still has abundant reserves of petroleum, it wants to prepare for the non-oil future and create more private sector jobs for its citizens by setting up industrial clusters and attracting multinational companies.

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