{"id":195413,"date":"2018-06-06T07:00:06","date_gmt":"2018-06-06T09:00:06","guid":{"rendered":"https:\/\/anba.com.br\/?p=195413"},"modified":"2018-06-05T19:50:59","modified_gmt":"2018-06-05T21:50:59","slug":"abu-dhabi-launches-usd-13-bn-package-fuel-growth","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/abu-dhabi-launches-usd-13-bn-package-fuel-growth\/","title":{"rendered":"Abu Dhabi launches USD 13 bn package to fuel growth"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 Abu Dhabi has launched an AED 50 billion stimulus package designed to accelerate economic growth and development over the next three years. The amount is equivalent to USD 13.6 billion at current conversion rates.<\/p>\n<p>The package was announced on Tuesday (5) by sheikh Mohammad Bin Zayed Nahyan (<em>pictured above<\/em>), the Abu Dhabi crown prince, Abu Dhabi Executive Council chairman\u00a0and deputy supreme commander of the UAE Armed Forces.<\/p>\n<p><em>Gulf News<\/em> reported that the Executive Council was tasked by Nahyan to develop an action plan within 90 days regarding spending.<\/p>\n<p>The package is intended to facilitate business, support and encourage new sectors, small and medium enterprises and industrial projects, stimulate tourism, create new job opportunities and provide a unique investment environment to strengthen Abu Dhabi\u2019s competitiveness.<\/p>\n<p>Measures already in place include the extinction of a two-year office requirement for issuance of new business licenses, the availability of online licensing for commercial licenses and all government services, and of dual licenses enabling companies in free zones to operate outside those zones.<\/p>\n<p>Nahyan also ordered the establishment of the Abu Dhabi Accelerators and Advanced Industries Council to \u201cattract and support value-added investments and technologies that would further grow Abu Dhabi\u2019s economy,\u201d <em>Gulf News<\/em> reported, as well as the acceleration of settlements of \u201cdue payments on contracts for the private sector.\u201d The new plan also aims to create 10,000 public and private sector jobs for Emiratis.<\/p>\n<p><strong>Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-195410\">Mikhael Klimentyev Sputnik\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A new USD 13 billion plan is designed to accelerate development in the emirate within the next three years, including business facilitation, support to small and medium enterprises and tourism, and an improved investment environment.<\/p>\n","protected":false},"author":2316,"featured_media":195410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[107,56],"tags":[11909,202,3097],"class_list":{"0":"post-195413","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-opportunities","8":"category-uncategorized","9":"tag-abu-dhabi-en-2","10":"tag-abu-dhabi","11":"tag-stimulus"},"wps_subtitle":"A new USD 13 billion plan is designed to accelerate development in the emirate within the next three years, including business facilitation, support to small and medium enterprises and tourism, and an improved investment environment. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/195413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=195413"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/195413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/195410"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=195413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=195413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=195413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}