Mohammed bin Rashid: Under the directives of my brother, Mohammed bin Zayed, the approval of the establishment of a Ministry of Investment in the country

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, chaired today the cabinet meeting held at Al Watan Palace in Abu Dhabi.

In a tweet posted on his official Twitter account, His Highness touched on the most prominent decisions, where His Highness said: “Today I presided over a meeting of the Council of Ministers at the Al Watan Palace in Abu Dhabi. In the country within the federal government structure and the appointment of Mohammed Hassan Al Suwaidi as Minister of Investment in the country .. The goal of the new ministry is to develop the investment vision of the country, stimulate the investment environment internally, and continuously enhance the competitiveness of our procedures and legislation to ensure that the country remains a global destination for investment and a major player in the global investment movement.

His Highness added: “During the cabinet session today, we also approved the updated national energy strategy based on the rapid changes in this sector, as our goal will be to triple the contribution of renewable energy over the next seven years, and to pump national investments between 150 to 200 billion dirhams during the same period to ensure To meet the growing demand for energy in the country due to the rapid economic growth.

His Highness continued: “We also adopted our national strategy for hydrogen – which has recently emerged as one of the most important types of clean energy – and the plan aims to consolidate the country’s position as a producer and exporter of low-emission hydrogen over the next eight years by developing supply chains and establishing hydrogen oases to develop this industry in addition to establishing a specialized national center for research.” and development of the promising hydrogen sector.

His Highness said: “Today, in the Council of Ministers, we also approved the appointment of Her Highness Sheikha Maryam bint Mohammed bin Zayed Al Nahyan, president of the National Center for Education Quality, which will work to develop an evaluation and monitoring system for education in the country, follow up on the quality of outputs, and set targets and outputs for all stages and types of education in the country. In a way that guarantees raising the quality of education and preparing our human cadres for the future.. We are optimistic about Sheikha Maryam joining the educational system team in the country under the supervision of Sheikh Abdullah bin Zayed, and we are optimistic about distinguished national educational outcomes, God willing.

The Vice President of the State added: “Today, in the Council of Ministers, we approved the national policy for electric vehicles, which includes building a national network for electric vehicle chargers, regulating the electric vehicle market, and stimulating related industries to ensure reducing emissions, reducing energy consumption, and preserving the quality of roads that the country enjoys.” The UAE”.

And His Highness continued: “We also approved today, within the Council of Ministers, the first national license for self-driving vehicles on the country’s roads, which was granted to the specialized WeRide company. The world is changing rapidly.. leadership patterns are changing, and life in the country will change rapidly in the coming years.. and the human being, his comfort and quality of life will remain the permanent constant in our government agenda.”

His Highness Sheikh Mohammed bin Rashid Al Maktoum explained: “The Council of Ministers also approved today the establishment of the Financial Stability Council and the issuance of a federal law in this regard. The goal of the council will be to enhance and protect financial stability in the country, monitor the risks associated with it, and deal with financial crises in the event of their occurrence in order to preserve the path of the development of the national economy, in addition to developing proactive measures to prevent exposure of the economic, financial and monetary systems in the country to high levels of risks.. The UAE today is A global financial center that enjoys the confidence of tens of thousands of financial institutions and millions of investors around the world, and our goal is to strengthen and consolidate this trust and maintain it in a way that serves our supreme national economic interests.”

His Highness added: “Today, we adopted a number of amendments to the Anti-Human Trafficking Law, which include toughening penalties and introducing services for victims, such as educational aid, measures for safe return to the victim’s home, criminalizing incitement to crime, and increasing the penalties imposed on perpetrators. The UAE never tolerates this. This type of crime, and its human and civilized stance stems from firm principles and values ​​that have not changed since its inception.

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