The National: Sheikh Mohamed bin Zayed announced a Dh5.6 billion investment to support global research and development into water scarcity and food security, the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, said in a tweet on Monday.
Today we approved AED 5.6 billion to support research and development into the global challenges of water scarcity & food security over the next five years. We have directed the Executive Committee to form global partnerships that seek innovative solutions in these vital areas.
— محمد بن زايد (@MohamedBinZayed) March 25, 2019
The Executive Committee is entrusted with overseeing the Tomorrow 2021 plan, or Ghadan in Arabic, a wide-ranging series of reforms and Dh50bn stimulus package designed to accelerate Abu Dhabi’s economic growth and reduce dependency on oil income.
Sheikh Mohamed set out four economic objectives when the initiative was announced last September; taking in business and investment, society, knowledge and innovation and lifestyle, as part of the 50-point plan of action.
The Abu Dhabi Executive Committee has approved 10 initiatives, reported the state news agency Wam. They cover three key areas: education and employment; housing and communities; and social support.