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The Abu Dhabi Department of Economic Development (ADED) issued its Sustainability Report for the year 2010 which showed a remarkable improvement in both the environmental & social impact index, with emphasis laid on the department’s endeavor to keep the operation costs of different services in balance.
In a preface to the report, Nasser Al-Suwaidi, ADED Chairman, stated that the department, in coordination with all partners in both the public & private sector, is acting to achieve the Abu Dhabi Economic Vision 2030 plan in a way that ensures sustainable development throughout the diversification of the production sectors ’&’ reconstruction of these sectors on the grounds of creativity ’&’ innovation.
He indicated that ADED’s philosophy of achieving sustainable development relies on creating a competitive business environment by ensuring a sustainable environment for business, developing consumer protection policies, promoting policies & economic legislations up to the best international standards, and facilitating different services.
He added that ADED is keen on updating economic policies & legislations in coordination with federal and domestic government bodies as well as relevant bodies in the private sector. He stressed that DED is keenness on raising business competitiveness & achieving economic growth by assisting towards the growth of the private ’&’ focusing on the targeted sectors, as stipulated by the Abu Dhabi Economic Vision 2030 plan.
The prospected economic growth in the targeted sectors will act as a major stimulant towards attaining sustainable development by undertaking a diverse & a balanced economic activity, and adopting the principles of economic knowledge in a manner that raises the value-added principle, backs revenues ’&’ increases the GNP, he added.
He also stressed ADED’s commitment to issuing the Sustainability Report periodically in a manner that reflects its efforts exerted to show its financial, environmental & social contributions, and at the same time, meets the requirements of all partners.
Mohammed Omar Abdullah, the Department’s Undersecretary, emphasized in the report that ADED is fully committed to backing sustainable development in Abu Dhabi via partnership with its strategic partners & the concerned authorities, namely Abu Dhabi Sustainability Group, something that ensured a comprehensive framework of interaction between government bodies & private sector corporations in order to unify and direct all efforts towards achieving common goals.
ADED sought to present an advanced model by raising its financial operations’ effectiveness & by reconsidering the mechanisms of issuing trade licenses using the world’s best systems & techniques, which will be reflected on the operation cost in the medium & long-run, he added.
He also indicated that the Sustainability Report is important for analyzing internal as well as external environmental impacts from the financial, social ’&’ environmental aspects, pointing out to the benefits which ADED have derived from its reports from which it managed to update its policies & strategies.
ADED’s second Sustainability Report is considered an additional document that is significant to analyzing internal & external environmental impacts from the financial, social and environmental aspects. ADED will act to derive benefits from all results to analyze its policies & strategies in line with the indicators of the Abu Dhabi Economic Vision 2030 plan, he stressed.
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