Dubai skyline
The second package of UAE initiatives under 'Projects of the 50' will be revealed on September 12, 2021. Picture for illustrative purposes only. Image Credit: Supplied

Abu Dhabi: The UAE government will today announce another package of national projects, during an event in Abu Dhabi with the participation of ministers and senior officials.

Organised by the UAE Media Office, the announcement ceremony will be held at Qasr Al Watan at 12 noon in the presence of local, regional, and international media.

The second package of ‘Projects of the 50’ will include a new set of initiatives set by the UAE government to support its national strategies and build a sustainable future for its society and economy for the next five decades.

The UAE is celebrating its ‘Year of the 50th’ anniversary this year.

The new package of projects will also bring about qualitative leaps in the national economy, which is considered the government’s top priority, and the path towards ensuring a decent life for the UAE people and future generations.

What is the background?

A week ago, a number of UAE ministers announced the first set of bold strategic projects aimed at fostering the UAE’s new phase of growth – both domestically and internationally – and embarking on an ambitious growth strategy as the nation celebrates its golden jubilee and embarks on the 50 years to come.

The Projects of the 50 is a series of developmental and economic projects that will be rolled out throughout September, which aim to accelerate the UAE’s development, consolidate it into a comprehensive hub in all sectors, and establish its status as an ideal destination for talents and investors.

Project of the 50
Official logo of the landmark projects Image Credit: Supplied

All of these projects seek to establish the UAE as a global nation and a testbed for technologies and innovation. The Projects of the 50 cover several key sectors including economy, entrepreneurship, advanced skills, digital economy, space, and advanced technologies.

What was previously announced?

The first set of projects included new and amended visa schemes, comprehensive global campaigns to attract foreign investment, national initiatives to support emerging Emirati companies and boost the quality of national products, partnerships with major economies across the world, and programmes to support the applications of the Fourth Industrial Revolution in all sectors.

Mohammad Al Gergawi, Minister of Cabinet Affairs, during last week's launch of the projects in Dubai Image Credit: Ahmed Ramzan/Gulf News

Launched by the UAE leadership

Earlier this month, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and the Deputy Supreme Commander of the UAE Armed Forces, had announced the launch of national strategic projects that will lay the foundations for a new era of growth for the UAE – both domestically and internationally.

“The UAE is starting a new season in a different way this year. We will announce a series of 50 significant economic projects starting from September 5 to lead the next phase of growth,” Sheikh Mohammed bin Rashid had then tweeted.

Sheikh Mohammed bin Zayed Al Nahyan had also tweeted that the “50 new national projects will be announced this month [September], extending our development journey for generations to come. The people of the UAE are encouraged to take part, harnessing their knowledge, creativity and resourcefulness so our nation can seize the opportunities of the future”.

- with inputs from WAM