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Abu Dhabi – Mubasher: Saif Mohammed Al Hajri, chairman of the Abu Dhabi Economic Development Department, said the decisions made by the Abu Dhabi government were aimed at diversifying the economy of Abu Dhabi. emirate by implementing various initiatives to stimulate the business sector and create a successful strategic partnership with the local and foreign private sector.
Al-Hajri hoped that these decisions would help strengthen the contribution of foreign direct investment to the emirate's gross domestic product.
The Supreme Petroleum Council, chaired by Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Supreme Commander of the Armed Forces of the United Arab Emirates, received AED 486 billion in investments to support the National Oil Company of Abu Dhabi (ADNOC).
The Board has also adopted a strategy to support gas self-sufficiency and gradually increase oil production capacity up to 5 million barrels per day by 2030.
Mr Saif Al Hajeri said the Abu Dhabi Economic Development Department represented by the Abu Dhabi Investment Bureau was working tirelessly to promote investment opportunities. which benefited the Emirate of Abu Dhabi, who would add to the projects to be adopted in accordance with the decision of the Supreme Petroleum Council to support the projects of the ADNC.
He explained that this would translate into more legislative and procedural incentives that contribute to the creation of good impressions and the desire of companies and investors around the world to obtain the opportunities to do business. Investment held by Abu Dhabi.
"These decisions testify to the Abu Dhabi government's commitment to achieve the sustainable economic development of the emirate of Abu Dhabi and to mobilize its resources to promote the process of development." renaissance and general development of the emirate of Abu Dhabi and the United Arab Emirates in general.
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