Dubai, United Arab Emirates (CNN) – Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE, Prime Minister and Ruler of Dubai, announced Monday that his country will launch an industrial strategy aimed at raising the contribution of the industrial sector from 133 billion dirhams, or 36.2 billion dollars to 300 billion Dirhams, or $ 81.6 billion, over the next 10 years.
The ruler of Dubai announced the new “Operation 300Bn” strategy in a tweet on his official Twitter account, where he said that the strategy will be led by the Ministry of Industry and Advanced Technology to develop the industrial sector, which is “the development of our economic stability, global standing and the future of our generations,” he said.
We launched, praise be to God, Operation 300Bn … an industrial strategy for the state aimed at increasing the contribution of the industrial sector from 133 to 300 billion dirhams during the next ten years under the leadership of the Ministry of Industry and Advanced Technology … The development of the industrial sector is the development of our economic stability, global standing and the future of our generations https://t.co / ecOSZQpczw
We launched, praise be to God, Operation 300Bn … an industrial strategy for the state aimed at increasing the contribution of the industrial sector from 133 to 300 billion dirhams during the next ten years under the leadership of the Ministry of Industry and Advanced Technology … The development of the industrial sector is the development of our economic stability, global standing and the future of our generations https://t.co / ecOSZQpczw
Sheikh Mohammed bin Rashid explained that the strategy aims to support the establishment of 13,500 industrial companies in the coming years, as well as plans to increase spending on research and development in the industrial sector from $ 5.7 billion to $ 15.5 billion.
In his series of tweets, Sheikh Mohammed also announced the launch of “the industrial identity of the UAE derived from its media identity … with the aim of supporting our national products … and promoting their global marketing … and establishing their industrial competitiveness.”
On Sunday, the ruler of Dubai announced A new residence permit in the countryEmployees anywhere in the world are allowed to reside in the United Arab Emirates to practice their work remotely, as he published a series of tweets announcing the new decision in addition to a number of other decisions, including the adoption of multi-entry tourist visas for all nationalities, and his country’s accession to the European Bank for Reconstruction And development and to the new development bank for the BRICS countries.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/adn/Y7HIUFI5AREVPGR4M6VOSQPGSI.JPG "Latest defense bill includes 3M in projects for Alaska, plus National Guard staffing improvements")
