UAE sets national vision for the next decade as it plans $816bn GDP and $123bn tourism sector

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has outlined the nation’s national plan for the next 10 years.

Under the banner of the “We The UAE 2031” plan the country has a clear road map for social, economic and investment in the next decade.

The national plan is an integrated programme shaping the future of the country within the next ten years with a focus on social, economic, investment and development aspects.

The plan includes goals for economy, society, diplomacy and life in the UAE. Under the scheme the UAE is looking to raise GDP to $816bn and increase foreign trade to $1.09tn by 2031.

It will also positionj the UAE as one of the top 10 countries in the world for healthcare, see it become one of the world’s 10 best cities and ne a supportive force in the global environmental agenda.

The plan seeks to enhance the position of the country as a global partner and an attractive and influential economic hub.

Also, it aims to highlight the successful economic model of the UAE and the opportunities it provides to all global partners.

His Highness Sheikh Mohammed bin Rashid Al Maktoum said that “We The UAE 2031” will shape the progress of the country towards a more accomplished and developed future, in which all entities and institutions will cooperate within a unified ecosystem.

Sheikh Mohammed said: “Today we have launched the ‘We The UAE 2031’, during Government annual meetings. It represents our government vision for the next decade as we start a national path towards new achievements under the leadership of my brother Mohamed bin Zayed.

“The UAE will maintain its position as an economic destination. Economic prosperity, social well-being and development of human capital will be the main pillars of the next 50.”

Sheikh Mohammed affirmed that the “next fifty” will focus on strengthening the social and economic ecosystem and building a strong, sustainable and fast-growing economy by strengthening the UAE’s economic partnerships with the world and consolidating its development model.

Sheikh Mohammed stressed that “We The UAE 2031” represents a national plan through which the UAE will continue its development path for the next 10 years.

This came during the Annual Government meetings, held in Abu Dhabi, which brought together all UAE government entities at the federal and local levels to discuss challenges and strategies related to the country’s national development plan to achieve the objectives of the “UAE Centennial 2071”.

Sheikh Mohammed bin Rashid Al Maktoum signed a charter for the national plan that represents the most important features of the national plan, the principles of the UAE government and the interdependence and aspirations towards the future.

National Pillars

The plan is based on four main pillars that cover all sectors and fields, including the economy, society, ecosystem and diplomacy.

Forward Society

This pillar is concerned with achieving the prosperity of society, by providing all means of support to citizens and developing an integrated system to empower them and enhance their capabilities to maximise their effective contribution in all sectors.

Also, this pillar focuses on supporting and strengthening the cohesion of families. In addition, the “Forward Society” will cover the Education sector, as a main axis to develop national cadres and provide talent with training and educational materials.

The plan aims to continue to develop the health sector, by updating its services and providing the best healthcare to the community in the UAE.

Through this pillar, the UAE national plan aims to place the UAE among the top 10 countries in the Human Development Index and place its cities among the world’s 10 Best Cities.

The plan will play a pivotal role in enhancing the UAE’s position to become the best destination for medical treatment in the region. In addition, the plan will contribute to achieving full readiness of all medical facilities and staff, and raising the country’s rank to one of the top 10 countries in the world in the quality of healthcare.

Forward Economy

This pillar will create and develop policies and plans that contribute to achieving high economic growth in all sectors, as well as accelerating the pace of transformation in the energy sector and the reliance on alternative sources of energy to enhance the country’s efforts in the green economy.

The Forward Economy pillar reflects the UAE’s belief in the importance of human capital as the main driver of the next 10-year development plan. The UAE aims to be among the top 10 countries in the world to attract global talent.

This pillar aims to raise the GDP to AED3tn ($816bn), and increase the country’s non-oil exports to AED800bn ($217bn). Also, it will raise the value of foreign trade to AED4tn ($1.09tn), and raise the contribution of the tourism sector to the GDP to AED450bn ($123bn).

Forward Diplomacy

“Forward Diplomacy” is one of the main pillars of the national plan that determines the framework of the nation’s international role. Since the establishment of the Union, the UAE’s foreign policy has been based on a set of principles aimed at consolidating the foundations of peace and joint cooperation at the regional and global levels. The plan aims to consolidate the pivotal role and influence of the UAE based on respect for human values.

The plan seeks to strengthen the UAE’s foreign relations with countries around the world, enhance its international presence, cooperation and friendship, as well as encourage positive dialogue worldwide.

The plan attaches great importance to strengthening the UAE’s role as a supportive force for the global environmental agenda, thus contributing to achieving qualitative leaps in climate neutrality and consolidating the country’s position as an innovation hub in sustainability, science and technology.

Forward Ecosystem

The fourth pillar of the “We The UAE 2031” plan aims to enhance Government Performance, providing the best government services in the world and developing the most flexible business models in order to achieve results and effectiveness.

The country seeks to consolidate its position as one of the world’s most secure and safe countries, with the best social, food, water and digital security.

This pillar focuses on infrastructure and its development according to the latest technological methods. This pillar includes the development of digital infrastructure.

This pillar aims to make the nation top ranked country in the world in developing proactive legislation for new economic sectors and enhancing the country’s position to be in the first place globally in the safety index, as well as raising the country’s position to one of the top three countries in the global cybersecurity index and one of the top 10 countries in the global food security index.

The “We The UAE 2031” is a road map in which all government entities and institutions and the private sector will cooperate to ensure advancement of the development process, in accordance with the 10-year framework of the plan.

SOURCE & CREDITS : ARABIANBUSINESS.COM