Want to speed up post-pandemic economic recovery? Go local – The National

Want to speed up post-pandemic economic recovery? Go local – The National

While many businesses have been unable to cope with this new reality, the pandemic has also created new markets for our pressing needs that call, in part, for a return to local industries and businesses.. In the UAE, government entities and businesses have taken this as an opportunity to meet local demand and keep the economy afloat.. The initiatives are part of a new healthcare boom that has arrived in the midst of the coronavirus pandemic.. As governments and companies focus their efforts on healthcare and allot more funds to the medical sector, coronavirus has also changed the way the world does business in other essential fields.. Encouraging more businesses to follow this path will be the key to safeguarding the local economy and creating new opportunities despite the pandemic's economic downturn.. Abu Dhabi's Department of Economic Development is now implementing initiatives to encourage small and medium-sized companies as well as government entities to choose local products over imported goods, in the healthcare sector and beyond.. Going local is not only better for our economy, it is also more eco-friendly as it cuts down on transport-related pollution.. It is also a means of improving the country's self-reliance in multiple sectors,