To encourage people to start their own business. The govt of UAE announced that they will be offering one-year paid leave to govt workers who wish to start their own business.
HH Sheikh Mohammed Tweeted, Today, within the Council, we decided on a full-time leave for citizens working in the government who wish to run their own business. The leave is for a full year with half the salary while preserving the job. Our goal is to encourage our youth to take advantage of the huge commercial opportunities offered by our national economy.
وأقررنا اليوم ضمن المجلس قرار إجازة التفرغ للمواطنين العاملين في الحكومة الراغبين في إدارة أعمالهم الحرة .الإجازة تبلغ عام كامل بنصف الراتب مع الحفاظ على الوظيفة ..هدفنا تشجيع شبابنا على الاستفادة من الفرص التجارية الضخمة التي يوفرها اقتصادنا الوطني .. pic.twitter.com/3UpZ8PG8yY
— HH Sheikh Mohammed (@HHShkMohd) July 7, 2022
To keep their employment, Emirati entrepreneurs who use the one-year vacation to start their firm would get half of their regular pay. The UAE Vice President, Prime Minister, and Ruler of Dubai, His
Highness Sheikh Mohammed bin Rashid Al Maktoum announced this at a Cabinet meeting.
Recently the growth of UAE’s GDP is the reason the UAE government is encouraging its citizens to start their own ventures and contribute to the GDP. Dhabi’s Qasr Al Watan.
The cabinet has also authorized a new statistical framework for cultural and creative industries, and the relevant parties tasked with implementing and developing it. More than 36,000 small and medium-sized businesses in the UAE’s cultural and creative industries provide 3.5 percent of the country’s GDP, or Dh54.4 billion, which is 5 percent of the country’s non-oil GDP, according to Gulf News.
