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UAE announces 50 national development projects

A picture taken on March 15, 2020, shows a general view of Dubai. AFP
  • The economic and developmental projects will foster a competitive business environment
  • This is expected to attract investors, innovators, entrepreneurs, and talents from across the world

UAE Vice-President Sheikh Mohammed bin Rashid Al Maktoum, who is also the ruler of Dubai, and Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan have announced a slew of national strategic projects, said local reports on Thursday, September 2.

The projects are expected to lay the foundations for further growth of the UAE – both domestically and internationally.

The economic and developmental projects will reportedly foster a competitive business environment to attract investors, innovators, entrepreneurs, and talents from across the world.

The Dubai ruler tweeted: “The UAE is starting a new season in a different way this year. We will announce a series of 50 significant economic projects starting from September 5 to lead the next phase of growth.”

He added, “The UAE does not wait for the future, it shapes its own future.”

The Abu Dhabi crown prince tweeted, “50 new national projects will be announced this month, extending our development journey for generations to come. The people of the UAE are encouraged to take part, harnessing their knowledge, creativity and resourcefulness so our nation can seize the opportunities of the future.”