The Abu Dhabi Department of Economic Development (ADDED), the catalyst for economic growth and diversification, and the Authority of Social Contribution – Ma’an, the Abu Dhabi Government’s official channel to connect social contributors, and have signed a Memorandum of Understanding (MoU) aimed at enhancing and building a thriving social enterprise ecosystem in city of Abu Dhabi.
The signing ceremony took place as part of the Abu Dhabi Business Week.
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The agreement underscores the mutual goal of empowering social enterprises in the Emirate, in which both parties aim to establish a framework to facilitate and accelerate issuing licences for social enterprises. The Authority will also support social enterprises with its Certificate of Social Enterprises, the UAE’s first recognition scheme for organisations who aim to address social priorities, enabling them to be part of a large network of social investors and innovators to collaborate and grow their businesses.
In addition to the incentives offered through the certificate, organisations will be empowered to thrive in their businesses while addressing social priorities in Abu Dhabi. This initiative aims to foster a positive and sustainable impact on the community, driving tangible change and building a collaborative society.
