The Abu Dhabi Government encourages Emirati citizens to enter into the fields of investment and private business, and provides all necessary means for qualification in order to become businessmen, owners of a project, or an investment company that contributes to supporting the country's economy. Emirati entrepreneurs are also an important element in the post-oil stages to complete the sustainable development process, in order that an economic system will be built based on entrepreneurship, innovation and production.
In line with the directives of the wise leadership in the Emirate of Abu Dhabi to stimulate economic growth and support startups, the Department of Government Support has issued a package of encouraging economic incentives in government procurement. Accordingly, Circular No. (7) of 2020 regarding Economic Incentives for Emirati Entrepreneurs includes the following items
- Exempting Emirati entrepreneurs from submitting a bank guarantee for the bid bonds.
- Exempting Emirati entrepreneurs from submitting a bank guarantee for the performance bond, provided that the government entity reserves 5% of the value of each invoice due for a period of 3 months after the final delivery
- Pay the dues of Emirati entrepreneurs within 15 days of the date of the bill.