Sheikh Mohammed bin Rashid: The UAE has become a model and a global exception in the speed and strength of growth

09/12/2022 - 13:06 PM

Bob Lugari

 

 

Abu Dahbi - His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired today, Sunday, a meeting of the Council of Ministers at Qasr Al Watan in the capital, Abu Dhabi.

His Highness stressed in a series of posts through his official account on the Twitter network, “The UAE, under the leadership of His Highness Sheikh Mohamed bin Zayed, President of the State, was the fastest in overcoming the effects of the largest pandemic that passed on mankind, and was the most balanced between human health and economic interests.”

His Highness said: Our indicators today are stronger than our indicators before the pandemic, and our economic growth is faster than before the pandemic, and our tourism, commercial and development sectors are larger than before the pandemic.

His Highness added: Many countries in the east and west of the world are still suffering from the effects of the pandemic, and global trade has not yet regained its strength, but the UAE has become a model and a global exception in the speed and strength of growth after the pandemic.

He continued, “Our development indicators today have achieved first place globally in 156 indicators, compared to 121 indicators before the pandemic, and 432 indicators are among the top ten globally, compared to 314 before the pandemic.” We are number one in the world in attracting talent, in infrastructure, in the flexibility of laws, our ability to adapt, and more.

His Highness added: Our foreign trade for the first six months of this year exceeded one trillion dirhams, compared to 840 billion dirhams before the pandemic.. Our economic growth exceeded 22% during the year 2022, noting that “our tourism sector revenues exceeded 19 billion dirhams during the first half of this year, and the total hotel guests reached 12 million guests, achieving a growth of 42%… and expectations of a strong tourism revival with the upcoming winter season.”

His Highness said: During the cabinet meeting, we decided to issue a new law for partnership between the public and private sectors. Our goal is to create opportunities and encourage the private sector to engage in development, economic and social projects and to develop partnerships that lead to improving the quality of public services.

He continued: We in the Council of Ministers approved the temporary license for the first cargo plane in the region that operates entirely on clean electric energy and without any emissions… an important step that may contribute to changing the future of the shipping sector and its environmental impacts.

He added: We have approved a number of international agreements, including a comprehensive partnership agreement with the Republic of Indonesia, an agreement with the Kingdom of Spain for cooperation in the fight against crime, an agreement with the International Red Cross to establish an office for them in the country, and other agreements to avoid double taxation with a number of countries.

 

 

Share

Comments

There are no comments for this article yet. Be the first to comment now!

Add your comment