UAE Rulers have announces a series of projects that will mark the 50th anniversary of the Emirates.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and the Deputy Supreme Commander of the UAE Armed Force have announced a series of 50 significant economic projects that will take place in the UAE over the coming month.
The programme of economic and developmental projects mark the 50th anniversary of the UAE which takes place this year and will help build on the country’s successes of the last 50 years.
His Highness Sheikh Mohammed bin Rashid Al Maktoum tweeted: “The UAE is starting a new season in a different way this year. We will announce a series of 50 significant economic projects starting from September 5 to lead the next phase of growth.” He added, “the UAE does not wait for the future, it shapes its own future.”
Bringing together all sectors of the society to lead the next era of growth, the projects will cover economic and social development, focusing on entrepreneurship, the digital and circular economies, and applications of the Fourth Industrial Revolution. With these multiple specialisations, the initiative reinforces the goals of economic diversification to broaden the base of the national economy and expand the sources of total income.
His Highness Sheikh Mohamed bin Zayed Al Nahyan tweeted, “50 new national projects will be announced this month, extending our development journey for generations to come. The people of the UAE are encouraged to take part, harnessing their knowledge, creativity and resourcefulness so our nation can seize the opportunities of the future.”
The new projects aim to advance the UAE’s economy, a top national priority, to ensure a decent life for citizens and residents, double the Foreign Direct Investment (FDI) and boost the UAE’s status as an incubator for talents and investors from all over the world. They aim to transform the UAE into a comprehensive hub in all sectors and areas of creativity and innovation, positioning the UAE as a land of opportunities and a destination for those seeking a global testbed of bold and successful ideas.
All efforts are focused on the goal of fostering a knowledge economy and turning the UAE into a laboratory for bold ideas and ground-breaking projects to boost the UAE as a successful global nation.
