The Abu Dhabi Department of Economic Development (ADDED) has signed agreements to onboard nine leading institutions to the ‘Investor Journey’ program.
The agreements will enable business owners and investors to apply for business bank accounts, telecommunications, business operational support, and corporate insurance services directly on the portal.
The institutions added to the program include First Abu Dhabi Bank (FAB), Emirates Development Bank (EDB), Al Maryah Community Bank, Finance House, Emirates Integrated Telecommunications Company (du), Emirates Telecommunications Group (e&), Islamic Arab Insurance Company (Salama), Emirates Zone Companies Representation, and Datack International Business Management.
Sameh Abdulla Al Qubaisi Director General Economic Affairs ADDED
“Expanding the network of ‘Investor Journey’ partners and integrating new services is part of our efforts to further strengthen Abu Dhabi’s robust business ecosystem by working closely with best-in-class partners in various sectors to enrich investors’ experiences. These efforts are paying off, and we remain focused on continuously improving our regulations, systems, and services. As digitalization is a major trend in today’s economy and everyday life, we believe employing cutting-edge technologies will empower investors and entrepreneurs, who play a major role in achieving objectives of sustainable development.”
Launched in 2021, ‘Investor Journey’ is designed to meet the needs of current and prospective businesses, entrepreneurs, and investors by offering seamless integration and an advanced service ecosystem to facilitate new business ideation and set-up. It offers a fully digitalized experience for investors to access a range of services, transactions, and procedures of various government entities in one platform.
Onboarding new partners, who join over 25 other government and private sector entities and institutions, will further enhance Abu Dhabi’s business ecosystem, and strengthen the partnership between private and public sectors.
Phase 2 of ‘Investor Journey’, which was unveiled during ADDED participation in GITEX Technology Week 2022, integrates more services and business setup tools and features. The portal includes an informative simulator to guide investors through their journey to set up a business, and an interactive map, supported by leading real estate portals in the UAE, to identify and select locations and commercial spaces for their businesses.
