DUBAI: Abu Dhabi Crown Prince Sheikh Mohammad bin Zayed has unveiled a three-year plan to stimulate the emirate's economy worth 50 billion dirhams ($13.6 billion).
The program called “Ghadan 21” or “Tomorrow 21” will “accelerate” Abu Dhabi’s economic reform projects, the crown prince said.
Of the $13.6 billion earmarked for Abu Dhabi's economic stimulus package over the next three years, $5.45 billion will be spent on the 2019 development package, according to the plan approved during Sunday's cabinet meeting.
“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,” he added.
The plan includes 50 initiatives that reflect the priorities of UAE citizens, residents and investors, he said.
“We have commissioned the launch of the first phase of Ghadan 21 with the aim of improving the business environment. We are confident in the success of Ghadan 2021 and of our partnerships with the community and business sector,” he tweeted.
Abu Dhabi crown prince unveils $13.6 billion development plan
Abu Dhabi crown prince unveils $13.6 billion development plan
- The program called “Ghadan 21” or “Tomorrow 21” will “accelerate” Abu Dhabi’s economic reform projects
