Abu Dhabi has announced a special economic package for the capitals Media Zone Authority and a series of initiatives to accelerate economic growth within the media sector over the next three years. The announcement was made with the approval of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy […]
Abu Dhabi has announced a special economic package for the capitals Media Zone Authority and a series of initiatives to accelerate economic growth within the media sector over the next three years. The announcement was made with the approval of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of Abu Dhabi Executive Council.
The new initiatives announced by Sheikh Mohamed include allowing entrepreneurs to start their businesses from home and a dual license for free zone firms.
Speaking about the announcement, Her Excellency Maryam Eid AlMheiri, CEO of Media Zone Authority Abu Dhabi and twofour54, said: Im proud to announce that from today we have extended our entrepreneurship scheme to enable more of our small businesses to work from home in the first two years as they get their businesses off the ground in line with the vision of His Highness. Furthermore, we are also aligned with the new announcements for licensing as we have recently offered a dual license to partners in the media zone to enable them to work with onshore companies and government entities.
The new initiatives will complement existing support already provided by the Media Zone Authority – Abu Dhabi, such as easy licensing and set-up services, flexible office solutions, networking programmes, and an online portal to connect firms with live tendering opportunities.
Her Excellency continued: At the media zone, 37% of our partner base are owned and operated by Emiratis who feel the need to be part of a creative community. We have a 13,000-strong Arabic youth community and the plans announced to create 10,000 new Emirati jobs present exciting opportunities for our community and private sector media companies.
The media zones success is built on collaboration. We nurture media in all its forms and we will continue to focus on our community – creating products and services that are designed to support our partners and individuals.
