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Abu Dhabi Plans to Involves Private Sector in Tourism Policy Making

Abu Dhabi Council for Economic Development (ADCED) would review laws concerning the economy for government consideration to make Abu Dhabi a preferred destination for foreign investors.

In its five-year strategy plan for 2008-2012, which is part of the 2030 economic vision for the Emirate of Abu Dhabi, the newly setup Abu Dhabi Council for Economic Development(ADCED), which will maintain an interface with private sector, said it would consult private sector representatives on issues of economic policy.

"We will also develop a process to integrate feedback from public-private communication forums into policy recommendations," said Waleed Al Mokarrab Al Muhairi, director general of ADCED.

He said that the council was established to facilitate economic diversification and growth through greater understanding, cooperation and engagement between the public and private sectors of Abu Dhabi.

In order to achieve this, Al Muhairi said that the ADCED aims to be involved in the coordination on a forum for the private and public sectors that will lead to an objective, creative and open environment for discussing and debating economic issues; enhancing public-private sector partnership; having in place the ideal resources and processes to provide insights and actions on economic issues and creating an enabling environment for attracting foreign direct investment.

Waleed Al Mokarrab Al Muhairi said that the council's vision concentrates on private and public partnership to accelerate Abu Dhabi's position as a sustainable and diversified international economic hub. "The Council's mission is to develop policy recommendations and kick-start initiatives that promote sustainable and diversified economic growth by improving Abu Dhabi's infrastructure and business environment, as well as enhancing human capital development," Al Mokarrab concluded.

On the strategic focus, Mohamed Al Hameli deputy director general of ADCED said, "The Abu Dhabi Council for Economic Development (ADCED) will continue to foster and support economic development within the emirate through the initiation of targeted initiatives in privatisation, economic restructuring, and policy development." (via Khaleej Times) End Post


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