The Ministry of Economy is committed to providing effective channels for its customers to enhance transparency and raise the level of services. We aim to provide a comprehensive overview of the strategies, plans and polices that are being implemented to drive the growth of our economy. To achieve this, the Ministry has launched a new website powered by the latest technologies and advanced communication tools. We are confident that the new website will further promote dialogue and interaction between and amongst all our stakeholders.
It will also strengthen the pillars of our knowledge economy and boost a culture of creativity and innovation. The initiative is also a perfect fit to the UAE Vision 2021, the Federal Government Strategy 2011 to 2013 and the Strategy of the Ministry in building a competitive knowledge economy supported by Emiratis. The Ministry of Economy is working to develop policies and economic legislation in accordance with global best practices to build a competitive knowledge economy and to develop the industrial sector with an emphasis on small and medium enterprises.
The small and medium enterprises can play a strong role in driving our economy. We are in the process of finalizing new legislation that will encourage the growth of SMEs through innovation and creativity, and in turn benefit our young entrepreneurs. We are committed to develop UAE national entrepreneurship and to raise the efficiency of corporate performance. We strive to enhance the capacity of UAE nationals and increase the attractiveness of UAE as a destination for foreign investment.
Alongside, we are working to promote UAE exports, strengthen consumer protection and ensure that intellectual property rights are honoured. In all this, we draw on the power of technology, integrating the latest technologies wherever applicable. The UAE is one of the best networked countries in the world and has a high rate of internet penetration. It is only natural then that we draw on this huge infrastructure to reach out faster and more efficiently to our customer base. We have succeeded in automating 90% of our services and launched several projects and electronic services that support the UAE’s efforts in building a knowledge economy including the "Made in UAE" portal, an electronic system for goods monitoring and the issuance of electronic certificates of origin.
We believe that building a knowledge-based economy and strengthening our competitiveness require three thrust areas, as envisaged by the UAE Vision 2021.
· The first is to promote the participation of national manpower by linking education with the market needs in high value sectors
· The second is to develop a regulatory framework to support key economic sectors and to encourage emerging sectors by modernizing the legislative framework governing the economic activities. To achieve this, the Ministry of Economy is currently developing policies and legislation in line with the best international standards and the principles of a competitive knowledge-based economy.
· Thirdly, we must promote the policy of scientific research - both research for knowledge and applied research - in line with our economic priorities and contribute to the development of a core group of committed UAE national researchers.
The United Arab Emirates under the leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister and Ruler of Dubai is committed to provide all support to drive the growth of the economy and to achieve well being and prosperity of the people of the UAE. We are confident that through innovative initiatives we can achieve the vision of our leaders.
Thank you all