Abu Dhabi DED launches the Investor Compass for commercial and industrial licensing facilities

Abu Dhabi DED launches the Investor Compass for commercial and industrial licensing facilities

21 Jun 2020
Industrial Development Bureau, DED - Abu Dhabi

The Department of Economic Development Abu Dhabi launched the electronic investor compass platform for commercial and industrial economic licensing facilities in the Emirate of Abu Dhabi through its website www.adbc.gov.ae, as part of its initiatives aimed at enhancing the Abu Dhabi government’s approach to a comprehensive digital transformation of all its services in a manner that serves investors, business owners and consumers.

His Excellency Muhammad Ali Al-Shurafa, Head of the Department, said that the investor compass represents an important interactive electronic platform that enhances the competitiveness of the business and investment sector in the Emirate of Abu Dhabi, as it is an important tool or means that enables investors and businessmen to study their investment projects through the database it provides for licenses for economic and service activities in Abu Dhabi.

His Excellency affirmed the Abu Dhabi Department of Economic Development's keenness to attract more investments in various non-oil economic activities, thus enhancing its contribution to the gross domestic product of the Emirate of Abu Dhabi by providing smart and technical solutions that make it easier for investors to make their decisions and encourage them to proceed easily in establishing their investment projects.

He added that we seek to provide an integrated smart platform that informs the investor of searching and following up on obtaining information and data to study the feasibility of his project, as well as directing companies, individuals, consumers and visitors to commercial and service places in the emirate, making it easier for them to reach their requirements easily. He pointed out that the launch of the first phase of the Investor Compass project is the beginning of a large project that puts the Emirate of Abu Dhabi on the global investment map in a smart and interactive way that enables the investor from anywhere in the world to make his decision to invest in the emirate thanks to its integrated database, smart digital services and easy procedures. To do business and investment options are available. For his part, His Excellency Rashid Abdul Karim Al Balushi, Undersecretary of the Abu Dhabi Department of Economic Development, explained that the first phase of the Investor Compass project includes data of the licensed economic establishments in the Emirate of Abu Dhabi, such as the trade name, licensed activities and contact information, which provides many options for investors, businessmen and consumers alike to determine the location of establishments.

The licensed economic sector, its geographical distribution, and its precise collection locations in the three regions of the emirate: Abu Dhabi, Al Ain and Al Dhafra. He added that we launched the Investor Compass platform through the Department's website to provide clear information about the locations of economic and investment activities in the Emirate of Abu Dhabi, enabling business owners to identify them by identifying the type of licensed activities in the various regions of the emirate, which helps them identify the most important sectors and investment opportunities suitable to start their business. And their economic activities. His Excellency Rashid Abdul Karim Al Balushi indicated that the investor compass for economic establishments in Abu Dhabi reflects the department's efforts to achieve its strategic goal of supporting economic growth and encouraging investment by providing all aspects of support to business owners and providing all required data, services and facilities. The Investor Compass page provides an opportunity to search for investment sites by specifying the target geographical area for investment in the three regions of the Emirate of Abu Dhabi, Al Ain and Al Dhafra, which provides important information about the licensed activities located in this area. The investor compass also classifies the economic activities from the most numerous to the least. The total number of activities defined by the Abu Dhabi Business Center of the Department reaches 3031 commercial and tourist activities, while the number of industrial activities defined by the Industrial Development Office of the Department reaches 945 activities according to the classification of “4.0 ISIC” and owns the Compass page The feature of searching for products made in Abu Dhabi for the industrial sector to support the local product, which helps the industrial investor in obtaining industry inputs and the requirements for practicing his industrial activity from the local market in the Emirate of Abu Dhabi. It also helps the consumer search for products of the industrial sector in the emirate, and industrial facilities are displayed.

The one that produces these products on the geographical map of the emirate in its three regions also provides the investor compass the possibility to search for the license, its branches and sales outlets by entering the trade name in addition to presenting the necessary services and calls for practicing industrial activity in order to enhance the local supply chain for industrial products. Within the services sector that supports the industrial sector, the compass provides an indicator of renting units in Al Aqah A view through an electronic panel that shows the rental value of the units in the three regions of Abu Dhabi, which enables the investor to determine the budget of his investment project and the expenditures as rent is one of the most important expenses and expenses for any commercial or investment project. The Investor Compass does not only provide data on economic activities, but it also provides an integrated package of information on other services such as restaurants, hotels, transportation and other service facilities that clarify to the investor the level of services provided in the area in which he wishes to invest.