UAE leaders announce launch of 50 projects to lead next growth phase

@DXBMediaOffice/ Twitter (File photo)

Fifty new national development projects will be unveiled in the UAE later this month.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said the projects will be announced in consultation with His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

The national strategic projects will lay the foundations for a new era of growth for the UAE – both domestically and internationally.

"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," Sheikh Mohammed said on Twitter.

"The UAE does not have the luxury of time and will not wait for global conditions to decide its future," he added.

Sheikh Mohamed bin Zayed said the new projects will further extend the UAE's development journey.

He also called on UAE citizens and residents to get involved, using their skills and knowledge to help the nation seize the opportunities of the future.

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 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 groundbreaking projects to boost the UAE as a successful global nation.

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