Media ININ Economy We Trust
Media In – Abu Dhabi June 6,
Under the directives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council of Abu Dhabi, launched a 50 billion dirham package to accelerate Abu Dhabi’s economic and development march Over the next three years.
The Executive Committee of the Executive Council of the Emirate of Abu Dhabi has set a detailed plan for the economic package within 90 days, which includes initiatives and potentials to enhance the competitiveness of the various sectors of the private sector in the emirate, covering infrastructure and legislative projects and the development of small and medium enterprises.
In order to provide a wider horizon for development, construction, investment and enriching economic work in Abu Dhabi, His Highness Sheikh Mohammed bin Zayed Al Nahyan launched several initiatives and incentives aimed at facilitating business procedures and reducing their costs and harnessing all possibilities to facilitate commercial and investment activities in all fields, including exemption of all new licenses In the emirate, from the requirement of a two-year office or work place, permitting permanent home licenses, and the application of instant licensing systems to the majority of commercial licenses and all services provided by the government.
His Highness also ordered the acceleration of the process of payment of contracts with private suppliers and the re-examination of all fines in the sectors of health, education and municipal affairs, to be formed a special committee comprising the Executive Office and the Department of Finance to follow up the relevant procedures.
In accordance with Abu Dhabi’s plan to diversify the economy and develop new sectors, His Highness Sheikh Mohammed bin Zayed Al Nahyan has ordered the establishment of the Abu Dhabi Council for Accelerations and Advanced Industries, under the name of “Tomorrow” to attract and support investments and value-added technologies that contribute to the vision and leadership of Abu Dhabi’s knowledge and industry economy locally and regionally.
His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Chairman of the Board of Directors of the Ministry of Tourism, said that the tourism sector is keen to enhance the emirate’s status as a distinguished destination that attracts investment and tourists and provides the best lifestyle for all who live there. Both on land and sea, including the establishment of camping villages and various recreational sports areas ..
His Highness also ordered the creation of at least 10 thousand job opportunities for citizens in the private and government sectors over the next five years, in addition to encouraging and regulating the local product and supporting small and medium enterprises and raising their competitiveness locally and regionally.
