Sheikh Mohammed’s visionary leadership drives economic growth, innovation, and technological advancements in the UAE.
Over the past 17 years, the UAE economy has experienced exceptional growth under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. During his tenure, the real GDP has more than doubled, and the nation has successfully navigated through both the global financial crisis of 2008-09 and the coronavirus pandemic.
Sheikh Mohammed recently took to Twitter to share the country’s achievements since he assumed office in early 2006. His leadership has spurred rapid economic expansion and fostered an environment conducive to the acceleration of digital development and adoption throughout the country.
Over the past 17 years, the UAE has introduced numerous e-services for residents and visitors, streamlining and simplifying processes in various sectors. Additionally, the country has aggressively pursued the adoption of new technologies such as artificial intelligence, big data, blockchain, and digital currencies. Notable technological advancements include the introduction of the UAE Pass, facial recognition at airports for UAE residents, and the unification of digital services in Dubai Now.
These digital innovations have played a crucial role in shaping the UAE’s economic landscape, driving growth, and attracting foreign investment. The combination of Sheikh Mohammed’s vision and the nation’s commitment to embracing technology has enabled the UAE to become a regional and global leader in the digital realm.
The robust economic growth witnessed in the UAE under Sheikh Mohammed’s leadership serves as a testament to the nation’s ability to adapt and thrive in the face of global challenges. By continuously investing in its infrastructure, fostering innovation, and diversifying its economy, the UAE has positioned itself as a competitive player on the international stage.
Moving forward, the UAE is poised to continue its trajectory of economic growth and technological advancements under the guidance of Sheikh Mohammed. This remarkable progress not only demonstrates the nation’s resilience but also highlights the UAE’s unwavering commitment to sustainable development and innovation. As a result, the UAE stands as a shining example of what can be achieved through visionary leadership and a dedication to embracing the future.
Below is the list of the major accomplishments the UAE has achieved in the past 17 years, in the economy sector, under the leadership of Sheikh Mohammed – as well as its plans to achieve new milestones.
Economy:
- Size more than doubled from Dh815 billion to Dh1.86 trillion
- Foreign trade jumped from Dh415 billion to Dh2.2 trillion
- Attracted over Dh734 billion worth of investments
- Government increased more than 140 per cent
- Topped the world in 186 international indicators
- Topped the region in 430 regional indexes
- First in region in attracting and ease of doing business
- Signed CEPA deals with a number of countries
- Planned dozens of CEPAs in coming years
- Target to increase size of economy to Dh3 trillion by 2030
- Increased Dubai bourse market cap to Dh3 trillion
- Successful IPOs of Dubai government entities
- Lead in over 186 global indices
- Lead in more than 430 regional indices
Economic performance:
- Most effective government in public spending globally
- Most financially-efficient government in the world
- Highest sovereign financial rating in the region
- Successful merger of Central Bank, Insurance Authority
Digital services:
- 1,500-plus smart services
- 99 per cent of smart e-transformation
- Facial recognition to open bank account
- Facial recognition for residents at airports
- Single app UAE Pass for government services
- Dubai went paperless in 2021
- Doubling of digital economy from 9.7 per cent to 19.4 per cent
