UAE: Dh50 billion stimulus plan to create 10,000 jobs

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At least 10,000 jobs will be created for Emiratis in the private and public sectors in Abu Dhabi over the next five years. This was ordered by His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces.

The move comes as part of a Dh50 billion stimulus package to accelerate the capital’s development and economic growth.

It will boost job opportunities for citizens, empower them and raise their competitiveness in the labour market in keeping with the UAE National Agenda 2021.

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Shaikh Mohammad launched on Tuesday a slew of initiatives and incentives to facilitate business and to support and encourage new sectors and small and medium enterprises (SMEs) and industrial projects.

The initiatives also aim to stimulate tourism and local economic development, create new job opportunities and provide unique and complementary investment environment to strengthen Abu Dhabi’s competitiveness.

 

Source Credit: Gulf News

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