Read about the strategic plan for the Abu Dhabi Economic Development 2020-2025
Khalid bin Mohamed bin Zayed directs to review the laws and policies of doing business
Khalid bin Mohammed bin Zayed reviewed the details of the plan. WAM
His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan, member of the Executive Council of the Emirate of Abu Dhabi and Chairman of the Abu Dhabi Executive Office, directed the establishment of an integrated system for micro, small and medium enterprises to provide services that support and facilitate the conduct of their business, including the provision of a variety of financing solutions.
His Highness also directed, during his review of the strategic plan of the Department of Economic Development in Abu Dhabi (2020-2025), yesterday, to review laws, policies and procedures related to ease of doing business, and the need to enhance the role of the private sector, and to involve it in the sustainable economic development plans of the Emirate of Abu Dhabi.
Projects and programs
In detail, His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan reviewed the strategic plan of the Department of Economic Development in Abu Dhabi (2020-2025), which focuses on implementing projects, programs and initiatives that enhance the efforts of the Abu Dhabi government in achieving sustainable economic development and raising the competitiveness of the emirate's economy. By enabling non-oil sectors to lead the emirate's local economic system.
His Highness, during a visit to the headquarters of the Department of Economic Development in Abu Dhabi yesterday, was briefed by its Chairman, Muhammad Ali Al-Shurafa, on the details of the plan, its programs, and its objectives, to ensure the continuity of the growth of the emirate's GDP, which is based on activating the department's role in strengthening its strategic partnerships with the authorities Local and federal government, private sector companies and institutions and their international partners.
Integrated system
His Highness directed the establishment of an integrated system for micro, small and medium enterprises to provide all services that support and facilitate the conduct of their business, including the provision of a variety of financing solutions. His Highness also directed to review laws, policies and procedures related to ease of doing business, and to submit proposals for regulatory reforms before the end of this year, to continue enhancing the emirate's competitiveness and providing an attractive and stimulating business environment for investors.
His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan also directed the need to strengthen the role of the private sector and involve it in plans for sustainable economic development in the Emirate of Abu Dhabi.
His Highness approved the formation of the Partnership / Economic Cooperation Committee between the public and private sectors, and directed the speedy submission of proposals to promote the development of the private sector and develop the main sectors identified in the emirate’s strategy.
strategic plan
In turn, the head of the Department of Economic Development in Abu Dhabi, Muhammad Ali Al-Shurafa, provided a detailed explanation of the objectives and programs of the department's strategic plan (2020-2025), the new vision of the department's work structure, and its future directions in leading the economic agenda of the Emirate of Abu Dhabi.
He explained that the strategic plan identified priorities based on enhancing the competitiveness of the economy of the Emirate of Abu Dhabi and economic diversification, by focusing on the sectors of financial services, information technology, tourism and agricultural sector technologies, in addition to investment and institutional development for the department by introducing legislation and laws, automating economic licensing procedures, and developing the role of oversight. And inspection, issuance of data and economic studies.
Al-Shurafa said that the department's five-year plan also focuses on supporting small and medium enterprises through developing the work system of the "Khalifa Fund for Enterprise Development", enhancing the role of free zones, implementing the strategic plan for the development and development of the industrial sector, establishing the office of logistical support and exports, and promoting attracting more foreign investments. Direct through the Abu Dhabi Investment Office.
The head of the department explained that the implementation of the department's five-year strategic plan depends greatly on the role of the Economic Cooperation Committee recently established by the department, with the aim of enhancing cooperation and joint coordination between the public and private sectors, by setting economic policies and legislation in the Emirate of Abu Dhabi, to stimulate the business sector and continue achieving growth. In the GDP of the emirate.
Khalid bin Mohamed bin Zayed approves the formation of the Economic Cooperation Committee between the public and private sectors.