- Abu Dhabi The new Agri-Food Growth and Water Abundance Cluster US$21.08 trillion industry
- This cluster is $34.8 billion Increase investment and create more than 60,000 new jobs, $24.5 billion Abu Dhabi Economy by 2045
Abu Dhabi,United Arab Emirates, June 15, 2024 /PRNewswire/ — Abu Dhabi It is paving the way for international investors to take advantage of the opportunities offered by the recently launched Agri-Food Growth and Water Abundance (AGWA). US$21.08 trillion (AED 77.4 trillion) industry has huge potential for growth and job creation.
Since His Highness Sheikh launched AGWA last week Khaled bin Mohammed bin Zayed Al NahyanThe Crown Prince, Abu Dhabi The Chairman of the Abu Dhabi Executive Council, the Abu Dhabi Department of Economic Development (ADDED) and the Abu Dhabi Investment Authority (ADIO) announced that they have signed important agreements with local and federal government entities to streamline regulatory approvals for the food and seafood industries and play a leading role in global efforts to address food and water scarcity.
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USD 21.08 trillion yen Global Industry |
60,000 new jobs Created by Abu Dhabi |
$24.5 billion New Contributions |
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Supporting investors Benefit |
Future-proof Economy and |
$34.8 billion Investment Targets |
AGWA helps attract investors and pioneers to launch new innovations and enhance traditional food and water production and supply with a regulatory environment and efficient licensing to ensure safe and secure production.
AGWA is $34.8 billion The AED 128 billion investment will create over 60,000 new jobs, $24.5 billion (90 billion dirhams) increase in GDP Abu Dhabi Grow the economy by 2045.
His Excellency Ahmed Jassim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (additional) “The launch of the Agri-Food Growth and Water Abundance Cluster (AGWA) is part of our multilateral strategy to future-proof our economies, enhance sustainability and shape a brighter future. Abu Dhabi And the world.”
“We are developing the right framework and building synergies to enable investors to benefit from the growth and expansion opportunities offered by AGWA and the burgeoning ‘Falcon Economy’ with support from a business-friendly ecosystem, agile policies, robust infrastructure, access to capital, advanced trade facilitation solutions and connectivity to international markets, to accelerate the transition to a smart, diversified and sustainable economy.”
Led by ADDED and ADIO, AGWA aims to be a global hub for technologies that increase access to and utilisation of new foods, ingredients and water resources. The innovation cluster is designed to support both suppliers and exporters and act as a platform to maximise commercial opportunities. Its objective is to support global food security to meet growing global demand, reduce pressure on agricultural systems, address changing dietary patterns, leverage technological advances and ensure reliable and resilient supply chains.
This cluster is Abu Dhabi The economic growth and diversification strategy will focus investment and resources on key future growth areas. AGWA plans to launch the Smart and Autonomous Vehicle Industry (SAVI) cluster in 2023, Abu Dhabi We are at the forefront of future mobility solutions across air, land and sea.
About ADDED:
A catalyst for economic growth and diversification, the Abu Dhabi Department of Economic Development (ADDED) regulates the emirate’s business sector and leads economic efforts to achieve a knowledge-based, diversified and sustainable economy. ADDED adopts best policies and practices based on the latest research and statistics, strives to foster development and regeneration across various sectors, adopts best economic and management practices, applies the latest technologies and leverages global expertise to prepare strategic programs and plans.
ADDED strives to improve the investment climate by increasing the possibilities for cooperation with strategic partners and strengthening the business ecosystem in accordance with the principles of innovation, transparency and knowledge sharing. Abu Dhabi As a preferred destination for business and investment.
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Source: Abu Dhabi Department of Economic Development
