
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, presided over a UAE Cabinet meeting held at Qasr Al Watan in Abu Dhabi. During the meeting, the Cabinet approved several strategic policies aimed at fostering economic growth, enhancing digital transformation, and improving healthcare services across the nation.
Approval of National Investment Strategy
Sheikh Mohammed highlighted the Cabinet’s approval of the National Investment Strategy for the next six years. The initiative aims to bolster foreign direct investment (FDI) inflows from AED 112 billion in 2023 to AED 240 billion by 2031. Additionally, the UAE seeks to expand its total foreign investment stock from AED 800 billion to AED 2.2 trillion. The strategy will focus on key sectors such as industry, logistics, financial services, renewable energy, and information technology, further solidifying the UAE’s position as a global investment hub.
The investment strategy includes 12 new programs and 30 initiatives, including the Financial Sector Development Programme, One-Market Programme, and InvestUAE initiative. These measures will create a conducive business environment that attracts international investors and strengthens the UAE’s global economic standing.
Launch of Remote Work System for Federal Government
In a significant move, the Cabinet approved the Remote Work System from Outside the Country for the federal government. This initiative will enable government entities to tap into specialized expertise and global talent to execute projects and conduct studies. By implementing this policy, the UAE aims to enhance efficiency and access highly skilled professionals, fostering innovation and productivity in government operations.
Strengthening UAE’s Economic Ties with Africa
Sheikh Mohammed also reviewed the UAE’s strategic partnerships with African nations. Over the past five years, 95% of previously approved initiatives have been successfully implemented, leading to an 87% increase in total trade volume with Sub-Saharan Africa. Trade has grown from AED 126.7 billion in 2019 to AED 235 billion. These partnerships reflect the UAE’s commitment to expanding global trade relations and strengthening economic bridges with emerging markets.
National Digital Economy Strategy
The UAE Cabinet reviewed progress on the National Digital Economy Strategy, which aims to increase the digital economy’s contribution to GDP from 9.7% to 19.4%. Through ambitious projects and initiatives over the next six years, the UAE is positioning itself as a global leader in digital transformation. The government is committed to implementing advanced technologies, fostering digital innovation, and enhancing economic resilience in an increasingly digitized world.
Enhancements in Healthcare and Organ Transplantation
The Cabinet approved a National Policy for Combating Health Risks, designed to strengthen healthcare sector preparedness, enhance emergency response mechanisms, and ensure national health security. The policy will establish proactive strategies to mitigate health crises and improve the overall well-being of UAE residents.
Additionally, the Cabinet ratified the Executive Regulations for Organ and Human Tissue Donation and Transplantation. These regulations aim to improve access to life-saving treatments for individuals requiring transplants. The UAE now has over 13 licensed transplant centers, with a 30% increase in transplant procedures. Kidney, liver, heart, lung, and pancreas transplants are now performed within the country, ensuring world-class medical services for residents.
Expansion of Research and Development Initiatives
The UAE Cabinet approved the restructuring of the Emirates Research and Development Council, chaired by Sheikh Abdullah Bin Zayed. The restructured council will define national research priorities, develop policies, and promote collaboration between government entities, the private sector, and academia. By enhancing its research ecosystem, the UAE aims to solidify its leadership in innovation and scientific advancements.
Boosting Social Support and Employment
In social affairs, the Cabinet approved new decisions aimed at enhancing social support and empowerment systems. The annual budget for social support programs has increased by 29%, reaching nearly AED 3.5 billion, while the number of beneficiaries has risen by 37%. Additionally, 3,200 beneficiaries have successfully transitioned from financial aid recipients to active contributors in the workforce.
To ensure structured and effective social support, the Cabinet established clear eligibility criteria for basic and supplementary allowances. These measures will provide financial security and empower citizens to participate actively in national development.
International Agreements and Economic Partnerships
The Cabinet approved 28 international agreements, including economic partnership agreements with Malaysia, New Zealand, and Kenya. These agreements also cover security, logistics, and government cooperation, reinforcing the UAE’s commitment to international collaboration and economic expansion.
Green Building Certification and Industrial Technology Advancement
As part of its sustainability initiatives, the UAE Cabinet approved the National Green Certificates Programme for Buildings. This classification system, initially non-compulsory, will assess and certify buildings based on environmental sustainability criteria. The program targets commercial buildings, hotels, industrial establishments, government facilities, and residential communities, encouraging eco-friendly construction practices.
Additionally, the Cabinet reviewed the Industrial Technology Transformation Programme, which included launching the Industrial Technology Transformation Index (ITTI). This index is the first of its kind to measure technological advancement and sustainability practices in manufacturing facilities. The initiative aligns with the UAE’s vision to integrate cutting-edge technology into industrial operations, boosting efficiency and environmental sustainability.
Legislative Approvals for Economic and Healthcare Regulations
The Cabinet ratified several legislative measures, including:
- Federal Law on the Protection of New Plant Varieties, ensuring agricultural innovation and biodiversity protection.
- Executive Regulations of the Federal Decree-Law on Combating Commercial Fraud, aimed at strengthening consumer protection and fair trade practices.
- Regulations governing social support for unemployed individuals, enhancing financial assistance frameworks.
- Executive Regulations of the Federal Law on Mental Health, establishing guidelines for mental healthcare services and patient rights.
Commitment to Innovation and Global Leadership
Sheikh Mohammed reaffirmed the UAE’s dedication to progress, stating, “Our teams continue their efforts, accelerating growth and shaping a stronger, more prosperous future for our nation.”
Through its strategic initiatives, the UAE remains committed to driving economic innovation, fostering global collaborations, and ensuring a high quality of life for its residents.
Also Read: UAE Cabinet Approves National Investment Strategy & Health Policy