The UAE government has given the green light for 24 national initiatives that will bolster the country’s re-export industry by 100% in the next seven years.  

The initiatives were approved during a cabinet meeting chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, at Qasr Al Watan Abu Dhabi.

His Highness Sheikh Mohammed bin Rashid approved 24 national initiatives aiming at doubling the UAE’s re-export by 100 percent within the seven coming years, through benefiting from 50 commercial offices around the world. Image courtesy WAM
His Highness Sheikh Mohammed bin Rashid approved 24 national initiatives aiming at doubling the UAE’s re-export by 100 percent within the seven coming years, through benefiting from 50 commercial offices around the world. Image courtesy WAM
His Highness Sheikh Mohammed bin Rashid approved 24 national initiatives aiming at doubling the UAE’s re-export by 100 percent within the seven coming years, through benefiting from 50 commercial offices around the world. Image courtesy WAM (WAM)

“We will double the country’s re-export by developing specialized areas in cooperation with local governments, establishing the International Trade Links Center, launching supportive programs and increasing foreign investments in the service sector,” Sheikh Mohammed said.

During the meeting, the cabinet reviewed more than 19 initiatives to transform the UAE into the global capital of talent as well as the results of the work of the Supreme Committee for Free Trade Negotiations..

"We signed comprehensive economic partnership agreements with 4 countries, and we are currently negotiating with many other countries, and we are beginning to see the impact of the agreements on the country's foreign trade figures... 2023 will be the strongest economic year for the country in its history, God willing," Sheikh Mohammed tweeted.

The cabinet meeting also approved the reformation of the Digital Wellbeing Council headed by Saif bin Zayed Al Nahyan, and the Emirates Genome Council headed by Khalid bin Mohammed bin Zayed.

The two councils aim to raise the quality of digital and healthy life for the people of the Emirates.

(Writing by Seban Scaria; editing by Daniel Luiz)

(seban.scaria@lseg.com)