The UAE, as a whole, exports over $170 billion yearly, the majority of which is managed, and supplied, by Abu Dhabi, making the city of critical importance to the entire country’s trade and economy. The Abu Dhabi Investment Authority (ADIA) reported that outside of the emirate, Abu Dhabi manages $360 billion in overseas assets, as well as $900 billion in overseas investments. Such extensive economic growth has only been possible because of the increase in the globalization of Abu Dhabi’s trade and financial sector. Corporations within Abu Dhabi, such as the Abu Dhabi National Oil Company, have used these natural reserves extensively, resulting in the major economic growth seen within Abu Dhabi, and by extension, the entire UAE. Abu Dhabi controls over 90% of both the natural crude oil and natural gas reserves of the United Arab Emirates, giving the city control of 9% of the world’s proven oil supply, as well as 5% of the world’s natural gas supply. Over the past thirty years, Abu Dhabi has experienced massive growth across many sectors of its economy due to the globalization of large corporations, especially the petroleum companies.
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