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UAE President to continue carrying out enthusiastic financial vision for Centennial 2071 


May 15, 2022
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The United Arab Emirates will continue to execute a 50-year strategy to innovate and diversify the economy under its brand-new President Sheikh Mohamed bin Zayed Al Nahyan, the main WAM news firm reported on Sunday.

The UAE Centennial Strategy 2071 is a long-lasting strategy that crosses 5 years, after being released in 2015, and intends to form a clear roadmap for the federal government to follow to strengthen the nation’s track record and its soft power. Intending to buy the future generations, the strategy means to prepare them with the abilities and understanding required to prosper, strengthen the UAE’s track record, and satisfy the nation’s objective of ending up being the very best nation worldwide by 2071.

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As detailed by the federal government’s main site, the strategy is based upon 4 pillars: a future-focused federal government, outstanding education, a varied understanding economy, and a delighted and cohesive society.

” His Highness’ vision is concentrated on depending on understanding, development and financial investment in individuals, improving the function of the economic sector as an active partner in the financial landscape, promoting financial investment rewards, and making sure more financial diversity, while continuing to make the most of usage of oil and gas resources and improving the country’s capability to produce more eco-friendly and tidy energy in the coming years,” the WAM report mentioned.

It included that Sheikh Mohamed’s vision came from the efforts of the late Sheikh Zayed bin Sultan, creator and very first president of the UAE, and the late Sheikh Khalifa bin Zayed, “to take advantage of brand-new resources” and use the nation’s capacity.

” We believe and prepare for the next fifty years, and for the advantage of next generations, by constructing a varied, strong and sustainable economy that does not depend just on standard resources and opens appealing potential customers that add to reinforcing the structures and abilities of the country,” WAM priced estimate Sheikh Mohamed as stating at the opening of the 2015 World Federal Governments Top.

The UAE retreat on Post-Oil Stage in 2016, which Sheikh Mohamed bin Zayed and Sheikh Mohammed bin Rashid Al Maktoum of Dubai participated in, was an essential part of the nation’s prepare for the next years, WAM stated, as the UAE’s economy at the time was more dependent on oil. It intended to establish the nation’s non-oil sectors and boost the UAE’s worldwide position by carrying out federal government methods that intended to diversify the economy.

” The UAE has actually been successful in developing its status as a financial capital in the area and a perfect organization landscape with first-rate digital facilities, services, security, and competitive financial investment advantages,” Sheikh Mohamed tweeted in September 2021, reviewing the nation’s financial success.

” The launch of our brand-new financial project intends to protect the UAE’s position as one of the greatest worldwide economies over the next 50 years,” he included.

On Saturday, the UAE’s Federal Supreme Council chose Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed as President of the UAE, making him the nation’s third-ever president.

His succession follows the l consumed President Sheikh Khalifa bin Zayed died on Might 13.

The UAE has actually been observing a 40-day grieving duration which started on Friday to mark the 2nd president’s death.

Find Out More:

UAE chooses Crown Prince Sheikh Mohamed bin Zayed as President

Biden praises Sheikh Mohamed bin Zayed on being chosen UAE president

World leaders to check out UAE to commemorate the late Sheikh Khalifa

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