Dates

Opening on

01/01/2021

Closing on

31/07/2021


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How resilient economic initiatives drive recovery & sustainable growth

subject :

 

 The UAE, led by the ambitious vision of its wise leadership, has proven its ability to transform challenges into opportunities in order to continue creating the future, underlining that the word "impossible" does not exist in its lexicon. The Cabinet's approval of the 33 initiatives plan to support the economic sectors came as a major boost to the national efforts aimed at strengthening the economy and enhancing its resilience in the face of the challenges brought about by the COVID-19 pandemic. These new initiatives are in line with the 'Fifty Economic Plan' adopted by the Ministry of Economy to map out the features of the economy over the next 10 years and identify the factors capable of significantly accelerating the growth of the national economy by 2030. It focuses on driving the GDP growth; enhancing the prosperity of the business environment; and distinguishing Emirati companies in line with the UAE Centennial 2071.

 

Target :

At this juncture, in line with our efforts to enhance the community's participation in ensuring the success of the national plans and strategies that support sustainable development, the Ministry of Economy urges you to share your opinions, suggestions and feedback with us. By joining hands, we will be able to promote prosperity and economic growth and increase the well-being and happiness of the community. Through enhancing joint cooperation and coordination with all entities, institutions and individuals using digital platforms, we look forward to boosting economic development and empowering and supporting the business community. Thus, these measures will contribute to preserving the UAE's global position as an ideal destination for business and investments, while also accelerating the pace of economic recovery.

 

Decision :

The Ministry of Economy attaches great value to the suggestions, opinions and proposals that we have received from you so far and is currently working in cooperation with all concerned departments and divisions to study them carefully and precisely in order to make the most of them. We remain committed to supporting the UAE's development journey, which is progressing at a steady pace, characterized by the revitalization of economy, and laying solid foundations for growth and prosperity. We ensure the integration of roles among the concerned authorities, while also enabling the private sector to play its pivotal role as a key partner in building a diversified, competitive economy based on innovation and knowledge.


Outcome

The development proposals and visions of the participants were taken into consideration, which would help in the formulation of future economic policies in the interest of establishing an encouraging economic environment and enhancing the ability of the corporate sector to contribute more to driving the UAE's economic growth. Their proposals and observations will be considered in the development of corrective measures and law amendments to suit the needs and aspirations of investors and company owners.

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