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Abu Dhabi Unveils New Initiatives to Support Private Sector Growth

At the 6th Al Multaqa meeting, Abu Dhabi’s Department of Economic Development (ADDED), in collaboration with the Abu Dhabi Investment Office (ADIO) and the Abu Dhabi Chamber of Commerce and Industry (ADCCI), introduced a range of new initiatives designed to support the private sector and foster sustainable economic growth. This announcement took place during an event aimed at emphasizing the importance of entrepreneurship and public-private partnerships in achieving a diversified economy.

Abu Dhabi Unveils New Initiatives to Support Private Sector Growth
Credit: Gulf Business

The meeting, hosted by ADDED Chairman Ahmed Jasim Al Zaabi, highlighted Abu Dhabi’s economic diversification strategy. Al Zaabi stressed that entrepreneurship, public-private partnerships, and innovation are crucial elements for driving economic growth in the emirate.

Under its Roadmap 2025-2027, ADCCI revealed several significant initiatives. These include a ‘Policy Test Lab’ to evaluate the effects of policies on the private sector, a ‘Partnerships Booster’ to enhance access to digital infrastructure, and a centralized ‘Procurement Platform’ designed to connect ADCCI members with government tenders.

Additional initiatives presented at the meeting comprised the ‘Market Export Puls’ for market intelligence, improved access to Environmental, Social, and Governance (ESG) credentials, and a ‘B2B Aggregator’ aimed at facilitating bulk buying and creating partnerships. During the discussions, ADCCI also pointed out the contributions of its sectoral working groups to business development, with insights from Al Reem Hospital regarding their operational mechanisms.

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Furthermore, the Abu Dhabi International Arbitration Centre, known as arbitrateAD, was introduced as a neutral forum for dispute resolution between commercial and government entities. This initiative underscores the commitment of Abu Dhabi’s leaders to bolster the private sector and ensure ongoing economic development.

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