Home / News / UAE cabinet approves the UAE’s strategy for the digital economy

UAE cabinet approves the UAE’s strategy for the digital economy

The UAE Cabinet has approved a strategy in which the digital economy will contribute 20% to the gross non-oil national economy in the coming years.

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said the Cabinet also approved the formation of a digital economy council.

Mohammed bin Rashid:

• I chaired a cabinet meeting at Al Watan Palace in Abu Dhabi, during which we approved the UAE’s strategy for the digital economy as we aspire to contribute 20% of our total non-oil national economy in the coming years. We formed a digital economy council headed by Minister of Artificial Intelligence Omar Al Olama.

• Today, during the session, we approved an additional organizational framework to support external humanitarian work, which includes establishing coordination offices for humanitarian aid within the UAE’s foreign missions in several countries. Our humanitarian work is on the rise, and the UAE will remain the capital of giving.

• We have adopted unified standards at the country level to license and encourage family counseling professions.

• We approved the restructuring of the Board of Directors of the Higher Colleges of Technology headed by Ahmed Belhoul Al Falasi. Education needs to develop outputs, upgrade skills and prepare for a future full of changes.

• We ratified a number of international, including an agreement to link the payment systems of the GCC countries with each other as well as agreements with the US, Denmark and Brazil. The Cabinet also approved the country’s joining the International Partnership for Hydrogen and Fuel Cells in the Economy to support the UAE’s goals in the field of clean energy.

Check Also

DFM announces return of 2nd MENA Capital Market Summit on May 1-2

Following the success of the inaugural MENA IPO Summit last year, Dubai Financial Market (DFM) …