UAE approves guiding economic principles for next 10 years

The principles include having an open economy without boundaries, attracting the best talent and investing in the digital economy

Abu Dhabi: Sheikh Mohammed bin Rashid, Vice President and ruler of Dubai, said the government has approved ten economic principles that will guide the country over the next 10 years to achieve its targets.

The announcement was made on Wednesday, November 8, during marathon government meetings in Abu Dhabi.

“Today, we concluded the annual meetings of the UAE government, during which we decided to focus significantly in the coming period on the economic agenda with the aim of enhancing the country’s developmental momentum, reinforcing and solidifying it, and reaching new levels of growth,” Sheikh Mohammed said on X.

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“The UAE government today approved the economic principles for the state over the next 10 years to serve as the general framework in which we will concentrate on achieving our economic targets.”

“We want to see the UAE at the forefront of the global economies, with a strong digital infrastructure, secure systems, flexible legislative framework, and a renewable futuristic mindset,” Sheikh Mohammed said. “We urge everyone to work according to these principles, commit to them and use them as a guide in all policies, legislations, and new economic initiatives.”

Ten economic principles are

  • Open to the world without boundaries
  • Attracting top talents
  • Investing in the digital economy
  • Providing diverse opportunities for young people
  • Building a sustainable and balanced economy
  • Protecting state financial systems
  • Continuous development of legislation
  • Transparency, credibility, and the rule of law
  • Strong and trustworthy banking system
  • World-class logistics infrastructure

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