UAE’s economy advances to achieve sustainable growth

UAE’s economy advances to achieve sustainable growth

ABU DHABI, 17th May, 2022 (WAM) -- The UAE has entered a new era of development and economic diversification, under the theme, "Growth Sustainability," based on the empowerment phase. The country has created a developed infrastructure and advanced national industries and is continuing the implementation of the UAE Centennial 2071, which prioritises the economy.

In this report, the Emirates News Agency (WAM) will highlight the key features of the upcoming phase, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, as the country is moving forward, proved by its achievements over the past five decades to a new era of development, reinforcing its leading stature as a financial and economic power and a global model to be followed.

The UAE is achieving development based on advanced infrastructure and benefitting from the innovations and technologies of the Fourth Industrial Revolution (4IR) and artificial intelligence (AI). It is increasing the competitiveness of the national economy, attracting talents, investing in energies and future skills, and focusing on a knowledge-based economy through new unprecedented strategies for economic diversification and capacity building in new economic sectors.

Under the leadership of President His Highness Sheikh Mohamed, the UAE is maintaining its leadership as a regional and