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* Abu Dhabi’s new AgriFood Develop & Water heart has a USD 21.08 trillion business.
* This hub is anticipated to draw $34.8 billion in funding, create greater than 60,000 jobs and contribute $24.5 billion to the Abu Dhabi financial system by 2045.
PH: DR: New AgriFood Development & Water Abundance Hub Reduces $21.08 Trillion Business
The Abu Dhabi Division of Financial Improvement (ADDED) and the Abu Dhabi Funding Workplace (ADIO) have formally launched the AgriFood Development & Water Abundance (AGWA) hub initially of June 2024 within the capital of Abu Dhabi, United Arab Emirates. With the launch of this hub, Abu Dhabi is paving the way in which for worldwide traders to benefit from the alternatives supplied by the AgriFood Development & Water Abundance (AGWA) which operates a sector of $21.08 trillion (D77.4 trillion) is a big potential for progress and job creation.
Alan ASANKPON
Ph:DR: His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Government Council
Because the launch of AGWA (Fàs AgriFood & Fàs Uisge), initially of June 2024, with His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Government Councili, the Abu Dhabi Division of Financial Improvement (ADDED) and the Abu Dhabi Funding Workplace (ADIO) introduced key agreements with native and federal authorities companies to streamline regulatory approvals for the agri-food and water business, permitting it to play a key position in to have within the meals and water business. efforts to fight meals shortages and water shortages.
Investments attracted by AGWA
By benefiting from the environment friendly regulatory and licensing surroundings to make sure protected and safe manufacturing, AGWA will assist entice traders and innovators to launch new improvements and allow them to provide and provide enhance conventional water and meals.
AGWA is anticipated to draw $34.8 billion (AED 128 billion) in funding, create greater than 60,000 new jobs and contribute $24.5 billion (AED 90 billion) to the GDP progress of the Abu Dhabi financial system by 2045.
“The launch of the AgriFood Development & Water Adequacy (AGWA) cluster is a part of our multi-polar technique to organize the way forward for the financial system, strengthen sustainability and form a greater tomorrow for Abu Dhabi and the entire world.” mentioned His Excellency Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Division of Financial Improvement (ADDED).
“We’re growing acceptable frameworks and creating collaborations to permit traders to benefit from the alternatives that AGWA and our “hawk financial system” supply to develop and increase, supported by an ecosystem enterprise pleasant, agile insurance policies, robust infrastructure, entry to finance. , superior commerce facilitation options and connectivity with worldwide markets to speed up our transition to a wise, diversified and sustainable financial system.” he added.
Below the management of ADDED and ADIO, AGWA is turning into a world hub for brand new meals and components, in addition to applied sciences to enhance entry and use of water assets. This progressive heart is designed to assist suppliers and exporters, serving as a platform to extend enterprise alternatives. It goals to fulfill rising international demand, scale back pressures on agricultural techniques, handle altering diets, benefit from technological advances and assist international meals safety by guaranteeing that provide chains dependable and secure provide confirms the press launch.
This heart represents the following step in Abu Dhabi’s financial progress and diversification technique, which goals to focus investments and assets on key future progress sectors.
AGWA follows the 2023 launch of the Sensible and Autonomous Car Industries (SAVI) group, which goals to place Abu Dhabi on the forefront of future mobility options in air, land and sea.
About ADDED:
The Abu Dhabi Division of Financial Improvement (ADDED), a catalyst for financial progress and diversification, manages the enterprise sector within the emirate and guides financial initiatives to realize a knowledge-based, diversified and sustainable financial system.
ADDED adopts the perfect insurance policies and practices based mostly on the newest analysis and statistics, places its efforts on the event and revitalization of various sectors and prepares applications and strategic plans by adopting the perfect financial and administrative practices, utilizing the newest applied sciences and drawing on international data. .
ADDED seeks to enhance the funding local weather within the Emirate by strengthening cooperation alternatives with strategic companions and guaranteeing that the rules of innovation, transparency and data sharing are revered to strengthen the enterprise ecosystem and make Abu Dhabi a most popular vacation spot for enterprise and funding. .
Certainly, the launch of this group is an thrilling occasion that may redefine the panorama of agriculture and water, not solely in Abu Dhabi, but additionally around the globe. This progressive initiative goals to draw funding, create jobs and contribute considerably to the financial system whereas addressing the pressing challenges of world meals shortages and water shortage.
Within the opinion of the Communications Supervisor, the AGWA group is dedicated to implementing progressive methods to ensure meals and water assets for future generations. “The AGWA assortment is greater than an funding alternative; it’s a dedication to sustainability, technological progress and financial diversification.” mentioned Sara Mohamed H. Hafez, Director of Media Relations on the Abu Dhabi Division of Financial Improvement.
