Abu Dhabi Currency and Economy
Abu Dhabi uses the Emirati currency called Dirhams (Dhs). Being a capital city of the UAE, Abu Dhabi is the industrial and commercial hub of the country but still works smoothly at a relaxed pace. Rated as one of the best cities to live in, its per capita income is on a higher side. With a population of just over 1.5 million, the city welcomes millions of tourists every year. The wealthy economy of the capital city is largely based on the revenue created from natural resources of the country. While natural gas and Petroleum plays a significant role, there are various other sectors emerging to support the emirate’s economy.
The city of Abu Dhabi enjoys a fast growing economy with a high per capita and GDP income. It is not only the richest emirate of the UAE but also succeeds in becoming one of the wealthiest cities in the world. It is a known fact that the hydrocarbon resources of UAE have contributed in obtaining one of the highest per capita income growth in the world and the majority portion of the credit goes to Abu Dhabi that owns 92% of the gas and 95% of the oil, thereby making itself the 9% holder of the world’s proven oil reserves.
As a part of the strategy to boost tourism industry in the emirate of Abu Dhabi, a range of great hotels and establishment of various entertainment facilities have been made. The Saadiyat island, a part of Abu Dhabi has been converted in to a tourist friendly luxury resort to allow the break from the routine monotony.