Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
PHOTO BY ARCHIVE
DUBAI – Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Monday (April 5) a new strategic program to boost the UAE economy.
Sheikh Mohammad said the new strategic program of the Emirates Development Bank is a financing portfolio worth Dh30 billion to “stimulate a group of vital sectors of national priorities”.
Sheikh Mohammed said part of the program will support creative ideas and advanced technology that will boost the economy.
“The goal is to finance 13,500 new companies in these sectors in the coming years,” Sheikh Mohammed said.
He added that the UAE economy is “progressing well”, with assets in state banks exceeding Dh3 trillion.
With support expected to pour in for new small and medium enterprises, the Dubai ruler urged everyone to explore a future in the UAE.
“We welcome everyone to make their dream in the United Arab Emirates. We welcome their future with us in the country of the future,” he said. ICA/Expat Media
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