Shaikh Mohammad Bin Zayed during a meeting pertaining to the three-year accelerator programme. Image Credit: WAM

Abu Dhabi: A Dh50 billion three-year development accelerator programme for Abu Dhabi was approved today.

The announcement was made on Twitter by His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces. Shaikh Mohammad said that the programme, dubbed Ghadan 21 (Arabic for Tomorrow),  was approved during a meeting with members of the Abu Dhabi Executive Committee.

“We have approved a three-year, Dh50 billion budget for the Abu Dhabi Government Accelerators Program Ghadan 21. Dh20 billion will be allocated to the 2019 development package,” Shaikh Mohammad tweeted.

“The aim of Ghadan 21 is to enhance the competitiveness of Abu Dhabi, based on four main tenets: business and investment, society, knowledge and innovation, and lifestyle. The first phase includes over 50 initiatives that reflect the priorities of citizens, residents and investors,” he added.

“We have commissioned the launch of the first phase of Ghadan 21 with the aim of improving the business environment. We are confident in the success of Ghadan 2021 and of our partnerships with the community and business sector,” he tweeted.