Shaikh Mohammad is briefed during the opening of Oumolat Security Printing as Shaikh Mansour looks on. Image Credit: WAM

Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, today said that the UAE will continue to build its economic capacity in line with the directives of UAE President His Highness Shaikh Khalifa Bin Zayed Al Nahyan and the close follow up of Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces His Highness Shaikh Mohammad Bin Zayed Al Nahyan.

His Highness further said that the UAE’s economic growth will be achieved through the clear strategy laid out in the UAE Vision 2021. The UAE’s success, he said, has created a unique model for human development, as well as for building a sustainable and diverse economy and ensuring the happiness of all members of its society.

Shaikh Mohammad’s remarks came during the opening of “Oumolat Security Printing”, a banknote printing company that is the first of its kind in the region. The facility is located in Khalifa Industrial Zone Abu Dhabi (KIZAD).

Protection systems

Shaikh Mohammad, accompanied by Deputy Prime Minister and Minister of Presidential Affairs Shaikh Mansour Bin Zayed Al Nahyan, unveiled a commemorative plaque to mark the official inauguration of the facility, which specialises in printing banknotes. The facility is equipped with fully integrated state-of-the-art security and protection systems.

Shaikh Mohammad was briefed by the Governor of the UAE Central Bank Mubarak Rashed Al Mansouri about the facility’s production machinery featuring the latest technology.

Shaikh Mohammad received the first 1,000-dirham note printed by the company, which bears the number ‘1’, from Shaikh Mansour Bin Zayed Al Nahyan.

Present during the visit were Minister of Cabinet Affairs and the Future Mohammad Abdullah Al Gergawi; Minister of State for Financial Affairs, Obaid Humaid Al Tayer and a number of governors from regional central banks.