UMM AL QAIWAIN, 12th September, 2018 (WAM) — Sheikh Ahmed bin Saud bin Rashid Al Mu’alla, Deputy Chairman of the Umm Al Qaiwain Executive Council, launched the business initiatives of H.H. Sheikh Rashid bin Saud Al Mu’alla, including the launch of a smart portal for insurance services, the “Re’aya Smart Portal,” which is supported by the Executive Council, to serve the business sector and encourage the adoption of new technologies.
The launch took place while Sheikh Ahmed attended the signing of a support and strategic partnership agreement between the Umm Al Qaiwain Government and several insurance companies, which aims to provide independent information on insurance coverage plans for companies and investors in Umm Al Qaiwain.
The initiative was launched in the presence of Sheikh Saif bin Rashid Al Mu’alla, Chairman of the Economic Development Department, Sheikh Abdullah bin Saud bin Rashid Al Mu’alla, Chairman of the Finance Department, and several senior officials.
Sheikh Ahmed said that the launch of Sheikh Rashid’s business initiatives is part of the ongoing support of the Umm Al Qaiwain Government for local business sectors, as well as its keenness to provide an attractive, sustainable and low-cost business environment.
Sheikh Saif praised the launch of the initiatives, which are in line with the aspirations, goals and vision of Umm Al Qaiwain.
He added that these initiatives confirm the government’s efforts to adopt innovating working models, which comply with international developments, as well as diversify sources of income and revive various working sectors.
The event also saw the launch of the smart portal, which is supported by the Umm Al Qaiwain Executive Council, as part of a strategic partnership with local departments and private sector companies.
The agreement, which was signed by the Economic Development Department of Umm Al Qaiwain, the Free Zone in Umm Al Qaiwain, the Rakaful Al Emarat Insurance Company, the Ras al-Khaimah National Insurance Company and Sehatak Enaka, aims to provide independent insurance information using artificial intelligence, through the smart portal.