Major reforms to support Abu Dhabi businesses


Abu Dhabi has announced nine new initiatives to boost growth and diversify the economy.

The reforms include energy discounts for businesses, an 'instant licence' scheme and a rule that all government suppliers must have their invoices settled within 30 days.

It will also allow businesses in the capital to easier access to bank loans and a new AED 4 billion research and development fund.

The move is to support existing companies as well as attract more investment to the emirate from overseas.

The new measures, which are part of the AED50 billion ‪Ghadan 21‬ programme being introduced between 2019 and 2021, will also benefit SMEs to government-backed loans scheme.

The initiatives will be open to both local and expat run businesses. 

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda with Tom Urquhart

    10:00am - 1:00pm

    Your chance to have your say and debate the issues you love or loathe. It’s the chance to set The Agenda on the big topics of the day.

On Dubai Eye