34;Youth Council for the Future's Economy", a leading initiative to empower the youth of the UAE. The 47th anniversary of the National Day is firmly rooted in the memory of our people.
Stability Decrees
The United Arab Emirates has been an outstanding example in all aspects of development during 2018, due to its scientific, economic and social achievements, which represent a real addition from the United Arab Emirates and through which it achieved to make strong strides towards a better future for its people. and Arab and Islamic nations.
Regional and International Leading Position
The list of sectors that have contributed to increase the gains of the state in terms of economic diversification include: transforming industries, knowledge industries, aerospace and space industries, transport and storage, financial services, tourism, new and renewable energy and other sectors. The indicators of successful economic diversification show an increase in the contribution of non-oil sectors to the current GDP to about 77.7% in 2017 after it was 42.9%.
Space Manufacturing Age
Comprehensive
Empowerment of Homeland and Citizens
The field of comprehensive empowerment of homeland and citizens has always been a story about the UAE's success through the approach of the wise leadership, which is the cornerstone of the integration of the plans and the strengthening of the unified vision on the path of excellence after reaching the UAE centenary. Through this vision, the state is aiming for the envisioned future that meets the aspiration of the citizens of the UAE.
Comprehensiveness and Integration
Those who follow the developments of the UAE's success story realize that it stems from a thorough reading of the past and present and strategic planning according to international best practices in this field to understand the future visions and general trends of public and private institutions of the sectors and ensure the transition from these objectives to. The annual meetings of the UAE government provide a platform to shape the future, launch creative and innovative initiatives to boost the growth of all sectors in the state, including the economic sector, and enhance the international position the UAE has in achieved in different areas.
Quality Initiatives to Enhance the Economic Performance and
In addition, the meeting discussed the progress achieved in the implementation of the previous plans, which is the approach that has always been adopted by the UAE government, manifested in trust. The second session of the annual meetings reviewed the first phase of the UAE centenary 2071 within 30 council meetings to strengthen the presence of a unified vision regarding the state's future infrastructure; in addition, the largest brainstorming session for 500 officials was held to define the main ideas and trends of the first phase of the UAE Centenary 2071.
Main Sectors
During the proceedings of the second session of the annual meetings of the government of the United Arab Emirates, the government approved six development initiatives aimed at regulating electronic commerce at the state level and stimulating the national economy by supporting and organizing partnerships between the public and private sectors in order to achieve an increase in exports of non-oil goods and to consolidate the state's position as a destination for special global investments.
Stimulating E-trade
The UAE government has developed plans aimed at monitoring the future changes in the state's economy and the dynamics of the infrastructure by adopting the initiative to "issue an annual report on the outlook for the state's economy". The report relies on the UAE's macroeconomic model to analyze future development, which is based on policies for economic diversification and the discovery of new sources of growth that contribute to long-term economic sustainability.
Economic Diversification
Enhancing Tourism Sector
In addition, this strategy aims to analyze the current state of the tourism sector in the country and determine the scope of work and its expected results. At the annual meetings, an initiative was taken on mechanisms to improve the tourism sector, which include conducting a detailed study to develop a file of fees and taxes imposed on the tourism sector in the country and making recommendations that support the direction of the UAE government and the sector.
The UAE Position
This would support federal and local trends and ensure the sustainability of the tourism sector and its future in light of rapid changes and increased global competitiveness. In addition to organizing workshops with stakeholders and officials from the tourism sector, the UAE Tourism Identity Initiative was launched, which aims to develop a new tourism identity that supports the country.
Future Orientations
International reports unanimously declared that the UAE economy is approaching years of good growth with support from.
Government
The highest growth rate in the region
High growth
According to the latest data of the central bank, the non-oil sector has recorded an increase of 3.1% in the first quarter of 2018. The average of the PMI, which measures production and new orders in the non-oil sector, has reached.
Incentives that improve sustainability
The report claimed that the growth of the non-petroleum sector, which contributes to about 70% of the national GDP, is considered a basic pillar for strengthening the UAE economy and protecting it from the threats. In addition, recent monthly indices monitoring the well-being of the non-petroleum private sector have produced a similarly positive picture.
The UAE is the Equivalent of Sustainable Rapid Growth
The UAE economy has proven its ability to overcome the economic changes and the non-oil sector has been able to achieve a relatively high growth rate of 2.5 and 3 percent. Growth is expected to pick up in 2019, with average real GDP growth reaching 3% annually during 2018-2019.
One of the world's most prominent economies
In addition, the report expected real GDP growth to strengthen by 4.2% annually between 2020 and 2022. Dawn newspaper expected the economy to continue its activity in 2018, due to the high oil prices and the increased foreign demand.
Main areas
Remarkable performance
Advanced positions
Competitive race
Therefore, we at the Federal Competitiveness and Statistics Authority and all our partners in the federal and local government should work constantly to keep pace with these changes and develop plans and strategies to maintain the leadership of the UAE in the global competitiveness indicators. Fortunately, this is what we managed to achieve this year with the UAE occupying the 1st position in the Arab world and 27th position globally.
Performance control
Enhancing competitiveness
The Youth Council for the Economy of the Future, which was established last September under the patronage of H.E. by Engineer Sultan bin Saeed Al Mansoori, Minister of Economy, Chairman of the Securities and Commodities Authority, is considered a leading initiative for the economic and business empowerment of the UAE's youth. and promote its role in the process of comprehensive sustainable development that the country is witnessing. Al Mansoori: The goal of the council is to empower young people economically and commercially and to involve them in the process of future economic development.
Practical Solutions
His Excellency praised NJ's role. E. Shamma bin Suhail Faris Al Mazrui, Minister of State for Youth Affairs, in supporting the initiative, overseeing its implementation mechanisms and creating the conditions necessary for its success. 34; economic and business empowerment of young people and their inclusion in the process of future economic development by providing an economic and investment environment that supports their small and medium-sized projects and innovative ideas.
34;Youth Council for the Future's Economy",
Aimed at formulating a strategy that depends on knowledge economy
Promoting the leading role of the youth
9 members
Great Responsibility
The UAE government continues to achieve its future strategic goals in terms of using the artificial intelligence sector as the main source of a diverse and sustainable knowledge economy by developing innovative practices and scientific uses of artificial intelligence technology tools, and cooperation between all parties to employ them in the development of public services and private. Using the artificial intelligence sector as the main source of diverse and sustainable knowledge economy.
Proactive Approach
Artificial
Intelligence is the Basis of the UAE
This is in the context of efforts to achieve a leading position in various sectors and find solutions to various challenges, especially those that directly affect human life and society. Therefore, the optimal use of data and scientific research will play a key role in developing a sophisticated business system that uses advanced science and the latest technological means to improve key services and ensure a better life and a brighter future for all members of society. .
Scientific Research
Data is the mainstay of knowledge, and knowledge is the key force for positive change.
Capabilities
Use of Technology
Ambitious Goals
In addition to the state's desire to use artificial intelligence in knowledge-based systems and technological rules of facial recognition, this technology will contribute to meeting the requirements of the Fourth Industrial Revolution. Another objective of the state is the use of artificial intelligence in areas related to the provision of new jobs, the provision of low-cost services and the contribution to maintaining security.
Importance of Data
The process of digital transformation in the UAE is characterized by its closeness to people's needs and focus on facilitating their life, in addition to increasing the quality of life. The rapid implementation of the digital transformation plan in the UAE is attributed to the government vision that gave priority to this process, in addition to its efforts to stimulate innovation and the culture of scientific thinking and focus on the concepts of the future, including AI technology , robotics, internet of things and space explorations.
Reaping benefits
The UAE is promoting the largest digital transformation process in the Middle East, at a time when the government is taking major steps towards economic diversification and the knowledge-based economy. The UAE's digital experience showed that all economic sectors have benefited from the accelerated digital development.
The UAE is the pioneer of digital
So far, the government, banking, healthcare, education, hospitality, transportation, utilities, manufacturing, and oil and gas sectors are the most important sectors that have benefited from this transformation. In addition, digital innovation supports this vision and explains the government's commitment to digital technologies to improve people's lives and increase their happiness.
34; To improve competitiveness, the UAE needs to accelerate its progress in the field of spreading the latest digital technologies and modernizing education". In the UAE alone, for example, the Internet of Things is expected to reach a of USD 35 billion by next year.
The forefront of smart services
The frameworks led by the governments of the region can create suitable conditions for digital innovation to play a long-term role in the economic growth of the Middle East. The UAE is at the forefront of countries that have joined the club of 5G telecommunications, which is in line with the dictates of our wise leadership and the UAE Vision 2021 that places our country in its rightful position as one of the best countries in the world.
The first national digital ID
The shift to fifth generation helps the UAE achieve its global competitiveness goals, particularly its stated goal of becoming the world's number one in government smart services and one of the top ten in information and communication technology infrastructure readiness. The law also strengthened the central bank's independence after empowering it to manage foreign exchange reserves and monitor credit reporting in the country.
Enhancement of Investment Attractiveness
New legislation related to the central bank will increase the bank's capital to AED 20 billion ($5.45 billion).
The package of
The law was issued at the appropriate time, especially with the UAE's growing economic role, which would increase transparency at the global level and increase investor confidence in the UAE's banking system. This law confirms that the UAE continues to keep pace with the demands of the global economy.
A qualitative leap in the business environment
The two aforementioned laws – investment law and central banking legislation – coincided with the adoption of a law for combating money laundering and terrorist financing, to form a protection instrument for the state against any negative consequences that may be caused by economic openness observed by the UAE.
Investments
Flexible system
Balanced development
A global investment destination
The law helps to protect our national achievements over decades, through which the UAE achieved advanced levels in global competitiveness indices. The law comes in the framework of the strategies adopted by the wise leadership to diversify the national sources of income, to eliminate the dependence on oil resources and to promote the existing economic sectors, in addition to the development of new economic activities based on knowledge, technology and artificial intelligence.
Qualitative leap
These achievements have been achieved thanks to the efforts made and legislation issued to strengthen our national economy and gain more strength and efficiency.
Public debt law
Capacity utilization
Low risk instrument
The Tourism Sector is
The UAE was Ranked 10 th Globally in terms of the Growth of Tourism during for 7 Years
The report noted that the UAE was ranked 16th in terms of being the most developed in terms of overall sector contribution to GDP in the past seven years at 12.6%. It was ranked sixth in terms of the increase in the number of international visitors.
Advanced Rank
The flexibility of the UAE tourism industry in terms of tourism products and multiple markets reflected the industry's resilience to economic shocks experienced by some markets that export tourists to the UAE due to their internal economic conditions. The UAE has the most tourism products and programs that cater to all tastes and desires, and this greatly contributes to the country's reputation as one of the top tourist destinations in the region and the world.
Contribution of the Sector
Harmony and Integration
Attraction
Promotion Offices
His Highness Sheikh Saud bin Rashid Al Mualla, a member of the Federal Supreme Council of the United Arab Emirates and the ruler of the Emirate of Umm Al Quwain, is keen to develop Umm Al Quwain and its facilities to achieve economic prosperity and stability . Umm Al Quwain has witnessed a comprehensive renaissance, achieving cultural, social and urban achievements and successive rises in all economic fields, believing that the renaissance of the present is as important as the authenticity of the past.
The vision of Umm Al Quwain
The Emirate of Umm Al Quwain is witnessing a comprehensive renaissance in various sectors with the provision of integrated road networks, infrastructure development and the growth of the urban sector, such as the street and main area naming project and the internal and external road networks that connect many residential areas to the main streets. The competent authorities in the emirate have worked to develop the production movement, attract capital, provide all possible reliefs to investors and businessmen, improve the attractive investment environment in the emirate, from the belief of the role of investments in improving the modern comprehensive renaissance that the emirate has witnessed.
UMM AL QUWAIN…
As a result, the city of Umm Al Quwain expanded and modern residential areas were created in accordance with modern architecture and urban planning. Services have been improved in all societies in accordance with modern methods that are in line with the progress and development witnessed by the state in all areas.
Authenticity of the past and modernity of the present
The government of Umm Al Quwain will witness a comprehensive structural development process that meets the requirements of the future model of government. This is in line with the trends, initiatives and programs of the UAE Government in the various areas to come.
Future government working model
Tourism strategy
Deep-Rooted History
Tourism feature
The Ministry of Economy organized a series of activities and events through its offices in the various emirates to celebrate the 47th UAE National Day amid a national atmosphere of patriotism and pride in the country and its achievements under the wise leadership of the UAE. It is an opportunity to show their loyalty to the glorious moment when the late founder Sheikh Zayed Bin Sultan Al Nahyan and his brother rulers raised the UAE flag and built the Union with an enlightened vision of development that was the cornerstone of the country's progress, progress and competitiveness in various areas of development.
Overwhelming Feelings of Patriotism in
The Ministry of Economy honored its strategic partners from federal and local government agencies, academic institutions, the private sector and the local media at the 2018 Strategic Partners Forum ceremony held recently in Dubai, in the presence of His Excellency Sultan bin Saeed Al Mansoori, Minister of economy. The ceremony was attended by Engineer Mohammed Al Shehhi, Undersecretary of the Ministry of Economy for Economic Affairs, and a number of Assistant Undersecretaries and officials of the Ministry.
Gratitude and Appreciation for the
Distinguished Partners and Employees
Mohammed Ahmed Bin Abdul Aziz Al Shehhi, Undersecretary of the Ministry of Economy for Economic Affairs, and H.E. Francis Gray, Director. H.E. Juma Al Kait, Assistant Undersecretary of the Ministry of Economy for Foreign Trade, discussed the economic and.
