Economy Minister hails Mohammed bin Rashid’s economic initiatives

He added that these initiatives enhance more competitiveness, resilience and sustainability, through a proactive approach and innovative policies, enabling MoE to keep pace with new economic trends.

Al Marri explained that the initiatives are a part of the MoE's Fifty Economy Plan, which aims to double the UAE's GDP by 2030 across four main pillar, including developing economic enablers, increasing opportunities in the UAE's economic climate, providing a more conducive environment for business growth, and enhancing the global role of the UAE's economy.

The five initiatives, which include an accelerator for family-owned businesses; the UAE Growth Lab; the Skill-Up Academy; the Scale-Up Platform; and the Investopia Investment Summit, complement a number of other existing initiatives, such as the UAE Strategy for Talent Attraction and Retention, and the Grow in UAE portal, in supporting the UAE's drive in achieving its objective to double its GDP and enhance its economic model.

Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, said that the launch of the initiatives paves the way for a new phase of economic development in the UAE, and focuses the efforts of the UAE's government and private sectors to drive the growth of the local economy, highlighting the importance of entrepreneurship in enhancing the new economic model, through the Skill-Up Academy and the Scale-Up Platform, to support, and enhancing the UAE's position as a leading global champion of entrepreneurship and SMEs.

For his part, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, affirmed that the MoE and its partners will seek to focus their efforts during the next period to implement the initiatives launched by Sheikh Mohammed bin Rashid Al Maktoum and enhance their impact in improving the UAE's business and investment environments and driving its economy stressing that these initiatives.