Abu Dhabi Department of Economic Development (ADDED) has launched the Abu Dhabi Channel Partners program in order to further enhance the industrial investment ecosystem.
The program will provide detailed guides of investment opportunities, supported by customized incentive packages to address the needs of key players and investors.
The new program, launched by ADDED’s Industrial Development Bureau (IDB), aims to increase the emirate’s global competitiveness, attract new foreign and domestic direct investments, facilitate the transfer of technology, knowledge, and expertise as well as increase the industrial sector’s contribution to Abu Dhabi’s non-oil GDP.
Ahmed Jasim Al Zaabi Chairman – ADDED
“The stellar growth of the industrial sector in Abu Dhabi is poised to continue and flourish as part of the emirate’s concerted efforts towards achieving comprehensive socio-economic development. Guided by our leadership’s unwavering commitment, we continue to develop and roll out initiatives and incentive programs of our industrial strategy. We are investing $272 million (AED 1 billion) in the Abu Dhabi Channel Partners as part of initiatives and programs to improve the value chain of the industrial sector, attracting quality industrial investments in subsectors identified by the Abu Dhabi Industrial Strategy as priorities to spur growth and meet our strategic objectives.”
“We are in continuous conversations with key partners and stakeholders to increase access to financing and enhance ease of doing business, and further enhance Abu Dhabi’s global competitiveness and attractiveness as we are cementing the emirate’s position as the preferred destination for investment, business, and talent,” Mr. Al Zaabi added.
The program has identified a set of industrial investment opportunities in the seven manufacturing subsectors targeted by the Abu Dhabi Industrial Strategy (ADIS), which are food processing, pharmaceuticals, chemicals, electrical, electronics, machineries and equipment, and transportation.
To attract global manufacturers with capabilities to add value to Abu Dhabi’s Industrial sector, IDB will work closely with sectors and the Abu Dhabi Investment Office (ADIO) and its international network, which provides companies with access to Abu Dhabi’s innovation ecosystem, public land bank and major infrastructure projects, as per the statement.
