UAE announces new series of national strategic projects for a new era of growth

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 Forces, announced the launch of a bold new series of national strategic projects that will lay the foundations for a new era of growth for the UAE, both domestically and internationally.

The programme of economic and developmental projects is designed to establish the UAE’s regional and international status as a major economic hub and a champion of excellence, with a competitive business environment that will attract investors, innovators, entrepreneurs and talents from across the world. The comprehensive projects will build on the UAE’s successes of the past 50 years and chart an ambitious path for the next 50.

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.

The new projects aim to advance the UAE’s economy, a 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.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, said, “The UAE is starting a new season in a different way this year with a series of 50 significant economic projects to lead the next phase of growth. The UAE does not wait for the future, it shapes its own future.”

His Highness Sheikh Mohamed bin Zayed Al Nahyan, said, “50 new national projects will be announced this month, extending the development journey for generations to come. The people of the UAE are encouraged to take part, harnessing their knowledge, creativity and resourcefulness so the nation can seize the opportunities of the future.”