Deputy Prime Minister and Minister of Finance affirmed that the second of December 1971 is a glorious date in which the Arabian Peninsula witnessed the launch of a development process, which soon turned in a short period of time by measuring the ages of countries and peoples into one of the most important and fastest-developing models, to continue writing a success story entitled “The United Arab Emirates” whose chapters were written in five decades with a firm affiliation and a determination that knows no impossible.
His Highness extended his sincere congratulations and blessings to His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State, may God protect him, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the State and Ruler of Dubai, may God protect him, and His Highness Sheikh Mohamed bin Zayed Al Nahyan , Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and their brothers, members of the Supreme Council of the Union, Rulers of the Emirates, and Their Highnesses the Crown Princes, on the occasion of the celebration of the fiftieth anniversary of the Union, calling on the Almighty to guide them and direct their steps towards what is always good, and to grant the UAE further progress and advancement And to perpetuate the blessing of security and stability.
His Highness affirmed that the celebration of the golden jubilee of the UAE comes at a time when the march started by the late Sheikh Zayed bin Sultan Al Nahyan, with the support of his brother Sheikh Rashid bin Saeed Al Maktoum, may God rest his soul, and their brothers, members of the Supreme Council of the Union, rulers of the Emirates, continue. May God have mercy on all of them, as the people of the country continue today, under the guidance and support of the wise leadership, to achieve what the founding fathers of the UAE and its people wanted of elevation, progress, and advancement.
His Highness said: “With the same ambitious future vision and insistence on reaching the first ranks in all fields, the people of the nation establish the pillars of its comprehensive renaissance, so that the name of the Emirates will always remain a symbol and address for development that places human happiness, comfort and success at the forefront of priorities, and this is evidenced by the adoption of the federal budget for the five-year plan. 2022-2026 with a total of 290 billion dirhams, which is the largest ever in the history of the country, confirming that the government continues to work to achieve community happiness and provide various means of decent living for the people of the country.
His Highness explained that although the discovery of oil resources was one of the factors that supported the beginnings of the strong start of this blessed march, diversification of the economy has always been among the most important strategic goals set by the government at the top of the list of priorities, so that the state succeeds in raising the contribution of the non-oil sectors and expanding the area of its contribution to The national economy, which was able to make itself a place among the ranks of the major global economies, and issued many Arab and international competitiveness indicators.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum indicated that because investment is the locomotive of development, the state was keen to prepare the best attractive and supportive environment for investment by enacting laws and legislation that ensure the best elements of attracting capital and foreign direct investment, while the announcement of the “fifty projects”, to enhance Inward investments, and attracts more foreign investments, which in 2020 witnessed a growth rate of 44.2% compared to 2019, reaching $19.88 billion despite the impact of investment, trade and world economies by the Covid-19 pandemic, while the cumulative balance of inward foreign direct investment inflows increased to about 174 billion dollars, in addition to the state’s interest in encouraging local investments and giving them a major role in supporting the development process.
His Highness said: “Preparing for the future has been a preoccupation for the UAE over the past 50 years, and the interest in preparing new generations of businessmen and traders, and the state was keen to motivate its youth to enter the field of entrepreneurship and launch their own projects while providing the necessary support and guidance to ensure the correct launch of these projects. The country also opened its doors to welcome all the owners of creative projects and creative ideas who found in the Emirates the ideal environment to launch towards achieving their ambitions, adding to its balance new global success by being ranked first regionally and fourth globally in the Global Entrepreneurship Index 2020, within the report of the Global Entrepreneurship Monitor…
His Highness pointed out that the UAE, over five decades of hard work, has been keen to follow rational financial policies that take into account the use of resources in a manner that serves sustainable development that will benefit the country and the citizen. His priority life, such as education, health, social, cultural, and cognitive development… The fruit of this conscious thought that is open to the world and keeps pace with its changes were many important achievements that the UAE continued to make its way towards pioneering the future, including space exploration, the digital economy, the transition to a smart environment, and solutions Clean and renewable energy, and other fields in which the UAE has demonstrated qualitative superiority according to the highest international standards.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum called on the youth of the Emirates, with the celebration of the fiftieth anniversary of the union and with the preparation for the next fifty years, to dwell on the lessons learned from the Emirates journey full of work and success, and to learn how the state benefited from the available opportunities and how it overcame the challenges and obstacles that it faced. I encountered it, and the way the state directs its rudder towards the future, as he called them to inspire the vision of the wise leadership to launch ideas and projects that accelerate the pace towards the state’s advancement to the first ranks in various fields and give it its deserved position among the ranks of nations and peoples that are the makers of the future.
His Highness, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance concluded by sending a letter of thanks and gratitude to our valiant armed forces for their great national roles, and to all those who contributed to the UAE’s overcoming the crisis that the world witnessed over the past two years, to overcome it with confidence and steadfastness, as well as to all Whoever ensures the security of the homeland and the integrity of its lands, calling for redoubled work to push the UAE’s march forward to ascend new heights, stressing that the progress and progress of the homeland is a trust that Emiratis carry in their necks, and a responsibility that everyone scrambles to fulfill its obligations with all loyalty, belonging and dedication so that the flag of the Emirates remains high. A witness to the achievement of a people who have embraced their leadership and chosen to be their mission to create the future.