The Cabinet adopted a set of incentives for private sector establishments
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The UAE leaders have announced 10 principles that will govern the country's future over the next 50 years.
The document, titled 'Principles of the 50', was jointly announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
The UAE President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, said, "Our sole, abiding mission is to provide the best possible life for citizens and residents of the UAE. The economy will lead the UAE's path for the next 50 years, with a political approach that is based on peace and dialogue. The upcoming phase will see comprehensive and balanced development of all the UAE’s regions and sectors."
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Sheikh Mohammed said the document is a strategic roadmap for the country's new era of political, economic and social development.
He said the UAE's first priority is development and its goal is for everyone to work as one team. "Our country is one ... our flag is one," he tweeted.
Sheikh Mohamed bin Zayed said the new economic campaign aims to secure the UAE's position as one of the strongest global economics over the next 50 years.
"Our nation will build on its entrepreneurial achievements to reinforce its status as a prime destination for talent, expertise & investments."
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