Mohammed bin Rashid and Mohamed bin Zayed launch new projects to drive 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 launched new projects to drive a new era of growth. The strategic array of projects will lay the ground for the next phase for the UAE – both at home and abroad.

The economic and development projects are intended to cement the UAE’s regional and international reputation as a major economic hub and a champion of excellence, with a competitive business environment that will attract investors, innovators, entrepreneurs, and talent from all over the world. The ambitious initiatives will build on the UAE’s past 50 years of achievements and map a bold course for the next 50.

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.”

His Highness Sheikh Mohamed bin Zayed Al Nahyan tweeted,

Further said,  “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 projects will encompass economic and social development, with an emphasis on entrepreneurship, the digital and circular economies, and the Fourth Industrial Revolution applications, bringing together all sectors of society to lead the next era of growth. The initiative’s many specialisations support the goals of economic diversification, which include broadening the national economy’s base and diversifying sources of overall income.

The new initiatives aim to promote the UAE’s economy, which is a key national goal, to ensure a good life for citizens and residents, double FDI, and strengthen the UAE’s reputation as a global incubator for talents and investors. They want to turn the UAE into a comprehensive hub for creativity and innovation in all sectors and areas, promoting it as a country of opportunity and a destination for people looking for a worldwide testbed for ambitious and innovative ideas.

All efforts are aimed at building a knowledge economy and transforming the UAE into a testing ground for innovative ideas and projects that will help the UAE become a successful global nation.