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UAE Freezones Biz News Updates
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Tomorrow 2021: new drive to develop start-up businesses in Abu Dhabi
unveiled
Ghadan 21 – which means 'tomorrow' - is the banner for a series of economic
reforms
A drive to cultivate start-up businesses in Abu Dhabi was announced as a
Dh50 billion bid to accelerate the emirate’s economic growth continues to
take shape.
Ghadan 21 – which means 'tomorrow' in English - is the banner name for a
series of reforms aimed at stimulating investment, creating jobs,
encouraging innovation and improving the overall quality of life for
citizens.
The major project was put in motion by Sheikh Mohammed bin Zayed, Crown
Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and
continues to gather pace.
The plan will feature 50 initiatives focused on four areas - business and
investment, society, knowledge and innovation, and lifestyle.
Earlier this week, more details were revealed about 10 projects that will
take place in the area of society, including plans to provide thousands of
new jobs, homes and places in schools.
The Abu Dhabi Government has unveiled another 16 initiatives focusing on the
areas of knowledge and innovation.
The programme, which will be rolled out over the next three years, aims to
support the capital’s transition to a highly productive, knowledge-based
economy which develops, attracts and retains the best global talent.
As part of the wide-ranging reforms, the Abu Dhabi Government will forge a
partnership with the private sector to create and launch a new technology
incubator to attract and develop start-ups.
A business incubator is a system that helps start-up companies to grow by
providing services such as management training or even office space.
The project will also focus on promoting research and development,
incentivising automation and renewables in large industries, funding
university and start-up R&D operations, and promoting R&D-friendly
regulations in Abu Dhabi.
The initiative will focus on head hunting key professionals, and amending
visa and labour regulations to accommodate highly-skilled talents.
In addition, training and development programmes will be rolled out to
support high-skilled talents, while efforts will be made to encourage
businesses to move to - and remain part of - Abu Dhabi.
Sep 25, 2018 |
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Courtesy The National
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