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ABU DHABI / GULF TIME
Khalifa Saif Almuheirbi, Chairman of the Arabian Gulf Investments Company, affirmed that the cabinet’s decisions approving 24 national initiatives to double re-exports from the UAE by 100% will contribute to strengthening the country’s economic position and placing it among the global countries.
Almuheirbi stated that considering the year 2023 the strongest economically shows the huge support and attention that His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, attaches to the national economy, harnessing all capabilities and providing all facilities to improve the state’s economy to achieve more growth and advanced economy.
Almuheirbi explained that the cabinet’s meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and approval of the announced initiatives and efforts, confirms the clear vision for the UAE future and its high position.
Almuheirbi stated that the UAE invests in young and experienced minds to innovate a qualitative economy that can face various future conditions, and keep pace with upcoming economic developments with competence and wisdom, which will make the UAE achieve better results during the coming period.
Almuheirbi stressed the importance of the cabinet’s efforts, which included developing specialised areas in cooperation with local governments, establishing a trade data center and international trade links, launching promotional programs and support programs, and increasing attracting foreign investments in the service sector. He said that these steps would enhance the global commercial position of the country, and upgrade the economic zones in all the emirates of the country, and transform the UAE into a global center by attracting capital and businessmen, as the country enjoys a business environment that encourages investment and launching projects.
Almuheirbi stated that the UAE has become the first destination for international investors, whether for residence, living or investment.