The UAE government has approved 24 national initiatives aimed at tripling the country's re-export industry over the next seven years.
The initiatives, which will leverage the UAE's network of 50 commercial offices around the world, were approved at Qasr Al Watan Abu Dhabi during a Cabinet meeting presided over by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai.
During the meeting, the Cabinet reviewed 19 initiatives aimed at transforming the UAE into a global talent hub. “With the UAE ranked second globally in the index of specialized senior managers, we strive to enhance our national talent’s global thinking, professional performance, and competitive capabilities by transferring the best experiences to refine our national cadres,” Sheikh Mohammed tweeted.
The outcome of the Supreme Committee for Free Trade Negotiations was also discussed by the cabinet. “We have successfully signed comprehensive economic partnership agreements with four countries, and we are currently negotiating with several others. We are already observing the positive impact of these agreements on our foreign trade figures,” Sheikh Mohammed tweeted. “We are confident that 2023 will be a remarkable year for our economy, making history in terms of economic strength and growth.”
The UAE Council of Ministers also agreed to host the IUCN World Conservation Congress 2025, which is expected to attract 10,000 environmental experts and specialists from 160 countries. The congress will highlight the UAE's commitment to sustainable economic development and environmental preservation for future generations, according to the country's Vice President.
Sheikh Mohammed also announced the restructuring of the Digital Wellbeing Council and the UAE Genome Council, with Saif bin Zayed Al Nahyan and Khalid bin Mohamed bin Zayed as heads. The two councils' goal is to improve the quality of digital and healthy living for all UAE residents.