Ground-breaking initiatives to empower private sector, supercharge Abu Dhabi's 'Falcon Economy'

ABU DHABI, UAE, Jan. 7, 2025 /PRNewswire/ -- Abu Dhabi has announced ground-breaking initiatives to supercharge the Emirate's soaring 'Falcon Economy' by providing a supportive business environment that empowers the private sector to seize opportunities and r…
Zachery Lindgren · 4 days ago · 2 minutes read


Abu Dhabi's Falcon Economy: Soaring High with Empowering Initiatives

Unleashing the Private Sector's Potential

Abu Dhabi, a global economic powerhouse, is fueled by its "Falcon Economy," which seeks to empower the private sector for exponential growth. Supported by a solid business environment and unparalleled access to finance, the Emirate is committed to fostering innovation and entrepreneurship.

"Our economic journey is driven by the determination to build a resilient, sustainable, and diversified economy," said His Excellency Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development. "We'll continue to develop innovative solutions to build a better tomorrow for generations to come."

Introducing ADRA: A Centralized Business Gateway

The Abu Dhabi Registration and Licensing Authority (ADRA) streamlines business setup and regulatory compliance in Abu Dhabi. As a central registry, it offers a single point of contact for all licensing and consumer protection services, facilitating ease of doing business.

ADCCI's Roadmap for Economic Excellence

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has unveiled a new roadmap to transform the business ecosystem. Focusing on innovation, entrepreneurship, and market expansion, the roadmap drives policy advocacy, business opportunities, and talent empowerment.

ADCCI has also launched the Abu Dhabi Family Business Council, promoting the growth and continuity of family-run businesses.

Empowering Entrepreneurs with MZN Hub

The Khalifa Fund for Enterprise Development introduces MZN Hub, an innovative AI-driven platform that supports small and medium enterprises (SMEs). MZN Hub provides customized resources, training, and mentorship, empowering entrepreneurs to succeed and sustain their growth.

With government backing, MZN Hub supports startups through its Venture Studios, Light Manufacturing, and Venture Capital components.