Abu Dhabi – the capital of the United Arab Emirates – is trying to reduce its dependence on oil exports by diversifiying its economy. Part of the emirate’s strategy is to become a leader in clean energy. The eco-city Masdar is one example which shows Abu Dhabi’s determination to become a greener place.
Abu Dhabi’s Aabar Investments PJSC bought a 9.1% stake of the German car maker Daimler last week. The cooperation between the emirate and the auto company should create jobs and accelerte the development of electric cars. For more information, check out my new blog: Abu Dhabi and Daimler teaming up: oil, electric cars, eco-cities and lots of money