Dh50 Billion Abu Dhabi Project to Boost Business and Welfare

Dh50 Billion Abu Dhabi Project to Boost Business and Welfare

09/16/2018
Abu Dhabi
Sheikh Mohamed said that Dh20 billion would be allocated to the 2019 development package
مشروع أبو ظبي بقيمة 50 مليار درهم لدعم الأعمال والرفاهية

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has approved a Dh50 billion development plan for the Emirate of Abu Dhabi. The three-year development accelerator programme, dubbed Ghadan 21, was approved during a meeting with members of the Abu Dhabi Executive Committee. Sheikh Mohamed said that Dh20 billion would be allocated to the 2019 development package.

"The aim of Ghadan 21 is to enhance the competitiveness of Abu Dhabi, based on four main tenets: business and investment, society, knowledge and innovation, and lifestyle. The first phase includes over 50 initiatives that reflect the priorities of citizens, residents and investors," he added.

The first tenet's objective is to stimulate business and investment and promote economic development in Abu Dhabi by creating an attractive and conducive environment for enterprise growth, competitive work environments, developing the private sector and SME growth, as well as stimulating industry projects, including the renewable energy sector.

Society, the second tenet of Ghadan 21, aims to develop the UAE community by ensuring the employment of its citizens, launch housing projects, offer quality education at reasonable costs, and establish social welfare and other development initiatives that ensure that UAE citizens are well provided for.

The third theme focuses on developing the knowledge and innovative systems in the emirate by encouraging emerging companies in the field of technology, attracting talent to Abu Dhabi, supporting research and development centres, and training and developing talent and expertise. Building a knowledge-based society and economy will contribute to Abu Dhabi's progress in global innovation indicators and knowledge-based economic indicators which, in turn, ensures the sustainability of the emirate's growth.

As for lifestyle, the objective is to enhance the quality of life in Abu Dhabi by ensuring the participation of individuals in recreational, cultural, sporting and active initiatives, as well as developing infrastructure, including transportation, communication and urban development.

Sheikh Mohamed praised the efforts of the Abu Dhabi Government and expressed his confidence in the success of Ghadan 21, via partnerships between the government, the community and the business sector with the aim of ensuring success for all.

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