Abu Dhabi Launches Phase 2 of Investor Journey Programme

The Abu Dhabi Department of Economic Development (ADDED) has recently signed nine agreements for onboarding nine leading institutions into the Investor Journey programme. With these agreements in place, investors and entrepreneurs can now apply for business bank accounts, business operational support, telecommunications and corporate insurance services directly on the ADDED portal itself.

The new institutions onboarding this program are First Abu Dhabi Bank (FAB), Emirates Development Bank (EDB), Finance House, Al Maryah Community Bank, Emirates Integrated Telecommunications Company (du), Telecommunications Group (e&), Islamic Arab Insurance Company (SALAMA), Emirates Zone Companies Representation, and Datack International Business Management.

Various needs of existing and prospective businesses, entrepreneurs and investors are addressed by the ‘Investor Journey’ of ADDED that took off in 2021, through seamless integration and an ecosystem of advanced services to new business ideas for company formation in Abu Dhabi.

Investors can access the services, transactions and procedures of various government bodies on a single platform and can have an unmatched digital experience.

Sameh Abdulla Al Qubaisi, the Director General, of Economic Affairs, ADDED noted, “Expanding the network of ‘Investor Journey’ partners and integrating new services is part of our efforts to further strengthen Abu Dhabi’s robust business ecosystem by working closely with best-in-class partners in various sectors to enrich investors’ experiences. These efforts are paying off, and we remain focused on continuously improving our regulations, systems, and services. As digitalization is a major trend in today’s economy and everyday life, we believe employing cutting-edge technologies will empower investors and entrepreneurs, who play a major role in achieving objectives of sustainable development.”

BAbu Dhabi Media Office reported that the 9 new joiners being associated with more than 25 other government and private sector entities and agencies would further promote and expand the business ecosystem of Abu Dhabi and make the private and public sector partnerships stronger. The ‘Investor Journey’ program will also facilitate business set up in Dubai UAE.

Gulf Information Technology Exhibition, Gitex Global 2022 witnessed the participation of ADDED and the unveiling of Phase 2 of ‘Investor Journey’ integrating more services and business setup tools and features.

The ADDED portal is provided with an informative simulator to help investors smoothly navigate through their business journey with an interactive map powered by the UAE’s leading real estate portal to easily identify and choose the location and commercial space.

Abu Dhabi Global Markets (ADGM), made a strategic economic partnership with ADDED and announced the launch of Abu Dhabi Financial Week (ADFW), which will take place from 14 to 18 November 2022. The success of ADGM’s FinTech Abu Dhabi Festival inspired the event.