Abu Dhabi Crown Prince Mohammed bin Zayed has announced a 50-billion dirham ($13.6 billion) stimulus package over the next three years, as the emirate seeks to boost its flagging economy, AFP reported Wednesday (June 6th).
He also announced a series of economic initiatives to create 10,000 jobs for nationals over the next five years and to make doing business easier.
"I have approved a three-year, 50 billion dirham economic stimulus package to support Abu Dhabi's economic development," Sheikh Mohammed said in a Tuesday social media post.
He said he has asked the emirate's executive council to draw up a working plan for allocations within three months.
