Abu Dhabi has announced four major initiatives aimed at making business setup faster and easier in the UAE capital.
These initiatives, unveiled on the first day of Abu Dhabi Business Week (ADBW), include the launch of a new entity to simplify business registration and the establishment of an industrial zone focused on innovative technologies and local production.
Four New Initiatives at ADBW
- Abu Dhabi Registration Authority (Adra): Launched by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Adra is a new arm of the Abu Dhabi Department of Economic Development (ADDED). It simplifies business setup and compliance by serving as the single platform for business registration and reporting across the Emirate’s mainland and free zones. Adra aims to centralize business processes and ensure compliance with UAE and global regulations.
- Khalifa Fund for Enterprise Development (KFED): The Khalifa Fund introduced a new strategy to enhance support for small and medium-sized enterprises (SMEs). It focuses on creating a friendly ecosystem, offering effective business-boosting measures, and helping SMEs thrive across Abu Dhabi.
- MZN Venture Studios: This new industrial zone will concentrate on innovative technological solutions and localized production. It is designed to attract foreign direct investment with enticing incentives while providing essential infrastructure and shared services for key industries.
- Abu Dhabi Family Business Council: This newly launched council will assist family-owned businesses in overcoming challenges and preparing the next generation of leaders. The council offers innovative solutions and investment support to ensure the growth and sustainability of family businesses.
ADBW Highlights
The inaugural Abu Dhabi Business Week is being held at the Abu Dhabi National Exhibition Centre (Adnec), bringing together senior public and private sector officials to discuss important economic topics.
The Abu Dhabi Chamber of Commerce and Industry (ADCCI) also unveiled a new strategic roadmap aimed at boosting the private sector. According to Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Chamber, the new strategy is built by the private sector for the private sector. It focuses on connecting businesses to local and international markets, simplifying business processes, and empowering SMEs and family businesses.
“This roadmap reflects months of collaboration between public and private stakeholders to prioritize ease of doing business and drive growth in key sectors,” said Al Zaabi.
