Mohammed bin Rashid reviews Ministry of Economy's programmes, launches new economic growth initiatives

(MENAFN - Emirates News Agency (WAM)) DUBAI, 28th June, 2021 (WAM) -- His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today said the vision, proactive strategy and committed efforts of the UAE's federal and local teams have enabled the UAE economy to be progressive, resilient and stable and maintain a high level of preparedness to deal with any kind of crises and challenges. The UAE constantly refines its economic model and strategic approaches to ensure it is able to leverage new opportunities brought by the evolving regional and global environment, he said. "In the UAE, we constantly work on enhancing our economic model in innovative ways to achieve our key objectives of attracting the brightest talent from across the world, promoting advanced technology, and creating a truly knowledge-based economy," His Highness noted. His Highness's remarks came as he reviewed the plans and programmes of the Ministry of Economy in the presence of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai; H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Media Council; Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs; Abdulla bin Touq Al Marri, Minister of Economy; Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs; and Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. "Today, we launched a number of economic initiatives � an accelerator for family-owned businesses that supports them in accessing new markets; an economic research institute established in collaboration with leading universities (UAE Growth Lab); and a global investment conference (Investopia) to be held in March 2022 that will discuss strategies to leverage the opportunities created by the new economy," His Highness said. "We have also launched an entrepreneurial academy (Skill-Up Academy) and a new platform to support the growth of startups (Scale-Up Platform), in addition to a web portal (Grow in UAE) to provide comprehensive information about policies and investment opportunities in the UAE. Furthermore, we have launched a new national agenda to attract talent to the UAE," His Highness added. "We are continuing our relentless efforts to add new value to the economy and enhance its growth momentum. We conducted a broad restructuring of the government last summer so that all ministries, internal and external entities and legislative entities can focus on a common objective - the economic growth of the UAE in the next 50 years," His Highness said. His Highness launched several initiatives of the Ministry of Economy that together represent a new development roadmap for the UAE and an innovative growth-oriented economic model in line with the vision for the UAE's future. HH Sheikh Mohammed was briefed on the progress of the economic initiatives that were approved during the last ministerial retreat held to develop a comprehensive strategy for the next 50 years; and the Ministry of Economy's efforts to develop a new economic development agenda for the UAE and enhance its readiness to resolve challenges and take advantage of opportunities in the upcoming phase. "