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Uae`s Economy

Analysis of UAE`s economic

Date : 11/12/2013

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Stephen

Uploaded by : Stephen
Uploaded on : 11/12/2013
Subject : Economics

UAE seeks to ensure continued success of UAE development. Vision 2030 was created with a comprehensive long-term economic vision so to guide Abu Dhabi's economy evolution. It aims to improve economic development, human and social resources development, environmental sustainability, infrastructure development, and optimization of government operations. Economic development will be achieved by creating higher-value employment opportunities, and maximizing women participation in workforce. Additionally, the government will encourage entrepreneurial and investment activities. This will be done through further legislative reforms, and ensuring economic policies are formulated with reference to rigorous statistical information and data sources. Therefore, economic development will lead to attraction of foreign and local investors. Social and human resources development represents driving motivation behind all initiatives and policies. The government will ensure high quality health services, and education is available to citizens. This will secure the availability of supply of higher quality labor to staff the economy. Additionally, UAE implementation of federal labor laws will maintain safe and ethical management of its labor resources. Infrastructure development and environmental sustainability will be achieved through development of well managed and professionally designed urban environment. Additionally, security will be maintained, and the country will remain a safe place in which to work and live. This will ensure economic development without stress. Vision 2030 will be controlled by nine pillars in order to achieve the targeted economic growth. The nine pillars are; large empowered private sector, a sustainable knowledge-based economy, transport regulating environment, strong and diverse international relationship, optimization of resources, premium health care and education, complete international and domestic security, maintaining Abu Dhabi's culture and values, and contribution to the federation of UAE. Therefore, the nine pillars will enable UAE to achieve the targeted economic growth.

This resource was uploaded by: Stephen