Abu Dhabi, the capital of the United Arab Emirates (UAE), announced new measures on Wednesday to simplify business processes as part of its economic diversification strategy away from oil.
The emirate, which holds over 90% of the UAE’s oil reserves, introduced the Abu Dhabi Registration Authority (ADRA). This centralized body will serve as the sole platform for business registration, according to an official statement.
Like other oil-exporting regions, Abu Dhabi is accelerating its shift toward sectors such as tourism, logistics, manufacturing, and industry to achieve sustainable economic growth. This shift aligns with global efforts to reduce reliance on fossil fuels.
The ADRA will operate under Abu Dhabi’s Department of Economic Development (ADDED), which plays a key role in streamlining government strategy. ADDED aims to attract foreign investment, encourage local businesses, and ensure economic compliance with UAE and international regulations.
“We want to make business easier and simpler,” said Ahmed Jasim Al Zaabi, chairman of ADDED, during the opening session of Abu Dhabi Business Week. He emphasized that centralizing business registration would enhance regulatory compliance.
Abu Dhabi’s economy grew by 4.1% in the second quarter of 2024, based on preliminary government data.
