Search Business Opportunities
Jun, 06 2018

Abu Dhabi's $13.6 Billion Plan to boost SME

The officials are asked to bring a working plan for allocations within 90 days.

Abu Dhabi's $13.6 Billion Plan to boost SME

The emirate’s crown prince said, Abu Dhabi will spend 50 billion dirhams ($13.6 billion) over three years to stimulate its economy.

Mohamed Bin Zayed al-Nayhan said, the government is taking steps to support new industries, encourage tourism and make it easier to do business.

The officials are asked to bring a working plan for allocations within 90 days.

The crown prince has ordered the provision to bring about 10,000 jobs for Emiratis in the public and private sectors over five years.

A new council for advanced industries will be created “to attract and support value-added investments,” while the settlement of outstanding payments due to private contractors will be accelerated.

Gulf Arab nations are putting all their efforts in shifting their economies away from dependence on oil and gas revenues, by encouraging new industries and attracting foreign investment.

 Saudi Arabia has also announced a plan to revive growth by bolstering public spending.

Abu Dhabi’s stimulus plan follows the announcement of measures by Dubai’s ruler and the prime minister of the United Arab Emirates, Sheikh Mohammed Bin Rashid.

Comment
User Name
Email
Star Rating
comment
Related opportunities
  • Certification course coaching
    About Us:Digiperform looks forward to expanding presence on a pan-india..
    Locations looking for expansion -NA-
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size AED. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi -NA-
  • Home Safety & Security
    About Smart GorkhaSmart Gorkha deals into the following security services.Services:Initiative..
    Locations looking for expansion -NA-
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size AED. 50 K - 2lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi -NA-
  • Fashion accessories - women
    About:Malaysia's Leading Chain of Fashion  & Lifestyle concept stores.The company..
    Locations looking for expansion -NA-
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size AED. 2lac - 5lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi -NA-
  • IT Education
    About The Brand:   CAD DESK is a leading training network of..
    Locations looking for expansion -NA-
    Establishment year 2007
    Franchising Launch Date 2007
    Investment size AED. 50 K - 2lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi -NA-
{{--