Sheikh Mohamed to lead UAE towards new heights of economic growth, prosperity

Sheikh Mohamed to lead UAE towards new heights of economic growth, prosperity

Top officials say the UAE economy would continue its journey toward diversification as the new policy measures will help achieve sustainable economic growth in years to come.

Referring to the latest data, they said the economy would expand at least 6.2 per cent this year despite major challenges such as the Covid-19 pandemic, global economic slowdown, and inflation. They said the economy, valued at Dh1.489 trillion in 2021, may grow even faster due to an aggressive approach, visa reforms, and consistency in economic policies.

Clear economic vision

Sheikh Mohamed's economic vision is based on accelerating the development and implementation of the country's economy for the next 50 years, striding along with the fast-paced and multifaceted changes in the global economy.

His vision is focused on relying on knowledge, innovation and investment in people, according to the official news agency Wam.

“The vision will not only enhance the role of the private sector as an active partner in the economic landscape, promoting investment incentives, and ensuring more economic diversification, but it will also continuing to maximise utilisation of oil and gas resources and enhancing the nation’s ability to produce more renewable and clean energy in the coming decades, according to the report.

More success ahead

Mohamed bin Hadi