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UAE: Projects of the 50 live blog

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The projects are set to usher in the next phase of growth for the country


The UAE leadership is set to announce a slew of grand projects today — the first of 50 new projects that will usher in the next phase of growth for the country.

The launch of the ‘bold new series of national strategic projects’ was jointly announced by the Ruler of Dubai and Crown Prince of Abu Dhabi last Thursday.

The first set of plans will be revealed today at the Jumeirah Emirates Towers Hotel, three months ahead of the UAE’s 50th National Day celebrations on December 2.

ALSO READ:

>> UAE does not wait for the future, says Sheikh Mohammed as ‘Projects of the 50’ are announced

>> Projects of the 50: Carving a new future for UAE

Latest updates:


Dh5 billion allocated for industrial sector

The second project will see Dh5 billion allocated to Emirates Development Bank to support the industrial sector.

The project was announced by Dr Sultan Al Jaber, Minister of Industry and Advanced Technology. Under the directives of the UAE leadership, it will support the use of advanced technology in the Emirates for digital transformation.


New portal to be launched

A new portal called Invest.ae will be launched.

Several foreign markets will be the subject of focus. These markets include Russia, Australia, Holland, Azerbaijan, Italy, Hungary, China, United Kingdom, Luxembourg, Slovakia, Poland, New Zealand, and Indonesia.


Basis of the projects revealed

The 50 new projects are based on several principles, said Mohammad Al Gergawi, Minister of Cabinet Affairs during the event.

> Solidifying the Union is of utmost importance.

> Building the world’s most dynamic economy will be the UAE’s main focus.

> Advancing education and talent attraction will help maintain the UAE’s leading position in the world.

> Fostering positive economic and political relations with the neighbouring countries.

> The UAE is a unified nation in economy, tourism and industry.

> Advanced sciences and digital technologies will shape its future frontiers.

> Open eras and tolerance will remain the firm foundation of its values.

> Political disagreement does not impede the UAE’s swift humanitarian aid during crises and emergencies.

> The UAE’s approach to political disagreements is through constructive dialogue and peaceful talks.

— Khaleej Times (@khaleejtimes) September 5, 2021


Officials and delegates arrive at the event to announce the first set of plans which will be revealed today.

#UAE projects of the 50 | Officials and delegates arrive at the event to announce the first set of plans which will be revealed today.

Stay tuned for more updates. pic.twitter.com/ngT8l3FvDH

— Khaleej Times (@khaleejtimes) September 5, 2021


In pictures: How the UAE achieved new heights despite the Covid-19 pandemic

(Except for the headline, this story has not been edited by WC Times staff and is published from a syndicated feed.)

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