Pandemic cannot stall progress
The year 2020 has been one of the most challenging years in recent memory. But it falls on us all to chart a path out of distress.
Few countries have experienced more change over the past 50 years than the United Arab Emirates. In two generations, the country has gone from a small fishing and pearling centre to one of the world's major economic hubs. The economy is over 35 times bigger than it was when the federation was founded in 1971. Back then, oil accounted for almost three quarters of GDP. Today, it constitutes less than a third, fuelled by the rapid growth in trade, services, tourism, and technology.
This change was facilitated by internal stability, but it took place in a regional environment of extraordinary unrest and instability. The UAE is among the few countries with no memory of a status quo. It has never rested on its laurels and has grown up around more risk and uncertainty than most. That the UAE now often ranks as the safest country in the world is one of its most notable achievements.
These conditions have created a robustness and agility in the UAE system and in the Emirati mindset that have proven particularly helpful to navigate the challenges the Covid-19 pandemic has brought to our economy, which is one of the most globally connected in the world.
As the UAE - and, indeed, the world - begins to readjust and reset from the health, social, and economic fallout from the crisis, we should be mindful of the opportunity provided by Covid-19 to reflect on our lives and futures. This crisis has been a chance to look at problems in new ways - to look at what worked in our economies and what did not, and to take risks and try new things.
Seizing opportunities and making the most of new partnerships forged during the pandemic may help the world recover faster than some believe, and I am cautiously optimistic that this will be the case. For the UAE, I believe this coming decade will be a defining one, and will, to a large extent, determine what kind of country will exist on its 100th anniversary, in 2071.
The UAE will double down on the things that have contributed most to its success so far - its openness, attractive business environment, respect for the rule of law, tolerance and diversity, and support for innovation. The UAE policy- and decision-makers are working tirelessly to ensure that the UAE is equipped to confront whatever the future throws at us. The years ahead have a lot of potential to be a golden era for the UAE - scientifically, culturally, economically, and politically. These last few months have given us an early indication: past UAE investments in infrastructure and technology - made long before the pandemic - have given rise to Covid-19 treatments, tests, and vaccines developed or tested on UAE soil. The Hope Probe to Mars, launched in July as the first-ever Arab space mission, has offered a powerful prospect for youth across the region who long, above all, for education, inspiration, and opportunities. The UAE's advanced technology industries, including space, need to continue to give them that hope.
One must look no further for evidence of the UAE's role in energising the region's youth than two historic achievements in recent weeks, including the landmark peace accord the UAE signed with Israel to usher in a new era of prosperity and cooperation. Recognising that our region's youth deserves boundless opportunities and desires lasting change, the UAE took the bold initiative to establish relations with Israel to lead by example in forging peace. Moreover, the UAE's successful startup of the region's first peaceful nuclear power plant at Barakah illustrates our country's commitment to acting as a constructive, responsible, and innovative global actor.
Throughout the Covid-19 crisis, the UAE has reinforced its position as a key humanitarian actor by providing and distributing medical aid to more than 118 countries and by opening the doors of the Dubai-based International Humanitarian City to hundreds of individuals affected by the Covid-19 pandemic.
Later this year, at the invitation of host Saudi Arabia, we will represent Gulf Cooperation Council countries at the G20 Riyadh Leaders' Summit, which will gather the Heads of State or Government of the world's largest economies.
The G20 has proved invaluable as a facilitator and enabler of multilateral cooperation between the world's largest economies, helping maintain trade routes, keeping medical supplies flowing around the world during the worst of the pandemic, and coordinating efforts to provide stimulus packages for businesses and consumers. Through its participation in the G20 process, the UAE has been able to contribute to this joint effort; it has also been able to promote multilateral cooperation in other areas - such as championing women's empowerment, addressing climate change, and investing in the Sustainable Development Goals (SDGs) - that coincide with some of the UAE's priorities for the 75th Session of the United Nations General Assembly (UNGA), which recently concluded.
The year 2020 has been one of the most challenging years in recent memory. But it falls on us all to chart a path out of distress. It will be a slow and potentially lengthy process, but I hope the next three months will be better than the last three months, and so too the three months after that. And it is my belief that when we look back at this moment in ten years' time, we should expect to see it as the beginning of an extraordinary decade of progress - for both the UAE and the world. -www.mofaic.gov.ae
Ahmed Al Sayegh, UAE Minister of State and UAE Sherpa for the G20
The eurozone is in even worse shape. Not only has the pandemic... READ MORE
It is important for us to control and guide the journey of data for... READ MORE
I'm most chuffed that in the current "me first" era, there are little ... READ MORE
"When leaders act quickly, the virus can be suppressed," Tedros... READ MORE
Passengers travelling from India, Pakistan or Bangladesh must get... READ MORE
Amy Coney Barrett took the oath of office at the White House... READ MORE
The study has showed that air pollution made known Covid-19 risk... READ MORE