Economic stimulus, supporting growth and investment promotion

The UAE has always been a pioneer in achieving excellence and leadership in all fields. It is keen to keep up with the changes and to look forward to the future with a vision to create a fertile environment for growth and prosperity. The economy was not far from this perception, but at the heart of it, under current circumstances and regional and global economic changes.
The decisions of the economy to stimulate the economy and facilitate the practice of business and reduce the cost, to put investment at the top of the priorities and work to support and provide all the ways and set it to attract in a vital market has all the elements of growth and provide an attractive environment for investors.
The directives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, the President of the UAE, have led HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council of Abu Dhabi, to launch a 50 billion dirham And economic activities over the next three years, including initiatives and potentials to enhance the competitiveness of the various sectors of the private sector, covering the infrastructure and legislative projects and the development of small and medium enterprises, industrial, social and service.
This package is complemented by strategic decisions adopted by the Council of Ministers to consolidate the competitiveness of the business environment in the country, including the abolition of mandatory bank guarantee for the introduction of labor and replacing it with a low-cost insurance system and the return of 14 billion dirhams of banking guarantees for the business sector, which is a new addition to clear the liquidity in the arteries of the economy, On reducing labor costs and reducing burdens on employers.
In addition, the package of facilities has been extended to the residence procedures for visitors and residents in the country. A system was adopted to grant temporary residence without fees for 6 months to those seeking work, in addition to exempting tourist tourists from all fees for the first 48 hours, providing job opportunities for those wishing to work in the country with grants Stay for 6 months without fees to enhance the country’s position as a land of opportunities and dreams, and a destination for minds, experts and job seekers.
All these measures and other unprecedented steps demonstrate that the UAE is always proactive, responsive and responsive to the requirements and variables to ensure its position and leadership as a business supportive environment and attractive investment.

Rasha El Sharkawy
Editor of Media IN