Abu Dhabi rolls out $13.6bn `Ghadan 21’ plan

October 2018

Abu Dhabi government has rolled out the Dh50-billion ($13.6 billion) development accelerator programme which will be based on four main tenets: business and investment, society, knowledge and innovation, and lifestyle.

HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, gave approval to the three-year `Ghadan 21’ (Arabic for tomorrow) development plan during a meeting with members of the Abu Dhabi Executive Committee, reported state news agency Wam.

Around Dh20 billion ($5.4 billion) would be allocated to the 2019 development package, stated Sheikh Mohamed bin Zayed.

“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 (small and medium enterprise) 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, the launch of housing projects, the provision of quality education at reasonable costs, and the establishment of 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 and sustainability of the Emirate›s growth.

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