HH 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, has adopted a series of incentive packages worth AED 1 billion to attract local and international agro-technology companies to Abu Dhabi. To promote the development of the agricultural technology system in the Emirate and to establish Abu Dhabi as a global center for innovation in agriculture in desert environments.
HH Sheikh Khalid Bin Mohammed Bin Zayed Al Nahyan, Chairman of the Executive Committee of the Executive Council of the Emirate of Abu Dhabi, said that launching this initiative to encourage local and international agricultural technology companies to invest in Abu Dhabi will make a quantum leap in the sector and transform the current challenges into promising opportunities for economic benefits. Medium and long-term.
He explained that the presence of these companies in Abu Dhabi will open up more opportunities for them to market their innovative products, especially in light of the strength of the logistics sector of the Emirate and its strategic location geographically for hundreds of millions of consumers in countries that are growing and increasing their food consumption. .
He said that the investment advantages possessed by Abu Dhabi and its high competitiveness enable it to attract more foreign investments in the priority sectors, thus enhancing the economic diversification process and expanding the productive base in the agricultural sector and the various development sectors in the emirate.
This initiative, managed by the Abu Dhabi Investment Office (ADI), is contributing to the development of the advanced agricultural technology sector, with the aim of strengthening the knowledge base of Tomorrow 21, one of the pillars of a secure economy for Abu Dhabi, based on research and research agendas and job opportunities for the future.
The initiative benefits from the climatic and environmental conditions of the Emirate of Abu Dhabi, which includes abundant land, light and natural heat, to support companies focused on providing innovative solutions in three sub-sectors: micro-agriculture and agro-robots, bio-energy production of algae and inland agriculture, For agricultural technology.
The initiative, managed by the Abu Dhabi Investment Office, contributes more than AED 1.650 billion to GDP and provides 2,900 new jobs by 2021. The program also aims to create an active system to test new technologies and to provide procurement agreements with local, Helping them adopt innovative agricultural technology and ensuring their competitiveness.
In addition to providing financial incentives, Abu Dhabi offers a wide range of benefits to agribusiness companies and entrepreneurs, including globally competitive tax rates, world-class infrastructure, the ability to handle large volumes of goods, affordable energy sources, And appropriate tariff structures.
This initiative emphasizes the continuous efforts of the Government of Abu Dhabi to sustain the local agricultural sector and to contribute to global efforts to meet the food security requirements, with the emergence of many challenges in the sector over the past decades, including population growth, the effects of climate change, Natural resources, in addition to the volatility of global investments in this vital and important sector.
The launch of these investment packages reinforces the environment for the world's leading companies to operate in the Emirate of Abu Dhabi and enables them to take advantage of the latest innovation, technology and mechanisms available to these companies to support and enhance local product competitiveness. To maximize returns on the food security system locally and globally.
• The initiative contributes AED 1.6 billion to GDP and provides 2,900 new jobs by 2021.
• The launch of investment packages enhances the provision of a favorable environment for the world's leading companies to operate in the Emirate of Abu Dhabi.