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Sheikh Mohamed approves Dh50 billion economic package

In another initiative, Sheikh Mohamed directed the review of building regulations for the infrastructure, residential properties, commercial and industrial sectors, which would help reduce the costs for citizens, residents and investors, and support the urban development of Abu Dhabi.

In line with Abu Dhabi's diversification efforts, Sheikh Mohamed ordered the establishment of the Abu Dhabi Accelerators and Advanced Industries Council, "Ghadan", which is Arabic for tomorrow. The Council is to attract and support value-added investments and technologies that would predict and lead the development of Abu Dhabi's economy on the local and regional stages.

Sheikh Mohamed also highlighted the importance of tourism in cementing Abu Dhabi's global position as an attractive destination for investment, tourism and residence. For that, His Highness ordered to develop eco-tourism facilities and programmes of all kind, both nautical and mainland, in the Emirate, including the establishment of camping villages and various recreational sports areas.

Sheikh Mohamed stressed on the importance of supporting the development of the local economy and job creation in Abu Dhabi, by launching policies that promote partnerships between the public and private sectors, and projects that will accelerate active collaboration before the end of this year.

Sheikh Mohamed also ordered the creation of at least 10,000 jobs for Emiratis in the private and public sectors over the next five years, in addition to encouraging and organising local production and supporting SMEs to boost their competitiveness locally and regionally.

Additionally, Sheikh Mohamed ordered the issuance of dual licenses for companies in Abu Dhabi free zones to enable them to work outside the free zones and to participate in government tenders.

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