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1.3 billion dirhams for 49 companies within the innovation program in Abu Dhabi Investment

8 representative offices of the Abu Dhabi Investment Office in the most important economic capitals around the world.

From / Mansour Amer.
Tokyo, March 15 / Eng. Abdullah Abdulaziz Al Shamsi, Acting Director General of the Abu Dhabi Investment Office, confirmed that the office has been working towards expansion outside the UAE for two years, and during that period it succeeded in opening 8 representative offices in a number of global economic capitals.
Al Shamsi said, in statements to the Emirates News Agency, WAM: “The aim of launching the innovation program in 2020 is to attract more companies that rely on innovation and technology, to achieve more development and advance the process of economic diversification in Abu Dhabi in various sectors, indicating that the program was able to even Now achieving positive results, and succeeded in attracting 49 companies, bringing the total value of incentives provided under the program so far to 1.3 billion dirhams.
He pointed out that these companies are currently benefiting from the innovation program of the office, which has a budget of 2 billion dirhams, while the companies benefiting from the innovation program operate in a number of sectors that are characterized by high growth rates and focus on a group of vital areas such as information and communication technology, agricultural technology, health services and medicines. vital financial services.
He pointed out that the innovation program aims to enhance the process of developing and diversifying the economy of the Emirate of Abu Dhabi by establishing an advanced innovation system that contributes to leading this process, through which the companies included in the program create technological solutions that benefit the region and the world as a whole.
It is worth noting that with the increasing number of companies that have established their presence and position through the innovation program, the Emirate of Abu Dhabi has become a main headquarters for companies that aspire to enhance their position, presence and develop their business in the region.
The support provided by the Abu Dhabi Investment Office contributed to attracting many companies to Abu Dhabi, and these companies chose the emirate because of its good potential and opportunities for growth, success, ease of doing business, supportive and investment-motivating laws, and advanced infrastructure, in addition to having a large group of distinguished talents, This enhances the emirate’s position as a global center for the knowledge-based and innovation-based economy.

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