UAE Announces New Policy to Boost Emiratisation In Private Sector

The UAE Cabinet has approved a new policy, which provides additional incentives to private companies that support the employment of Emiratis.

"Today, we have adopted a new policy for classifying private sector establishments in a way that supports the objectives and plans of Emiratisation, provides additional incentives for companies supporting the employment of citizens, and consolidates the government's partnership with the private sector in this field," Sheikh Mohammed said on Twitter.

The Cabinet also approved a AED 12 billion budget for housing loans as part of the Sheikh Zayed programme and measures will be taken to quickly process all pending applications.

واعتمدنا اليوم سياسة جديدة لتصنيف منشآت القطاع الخاص بما يدعم مستهدفات وخطط التوطين ويوفر حوافز إضافية للشركات الداعمة لتوظيف المواطنين .. ويرسخ شراكة الحكومة مع القطاع الخاص في هذا المجال pic.twitter.com/rcEsYTt7dx

— HH Sheikh Mohammed (@HHShkMohd) February 28, 2022

Other announcements include the establishment of the Emirates Council for Balanced Development, which will be headed by Sheikh Theyab bin Mohamed bin Zayed.