Mohammed bin Rashid Approves the Establishment of the National Investment Fund and National Identity Strategy
In a bold move to enhance the UAE economy, Mohammed bin Rashid has approved the establishment of the National Investment Fund and the National Identity Strategy, calling for a stimulating investment environment that attracts global investments. This initiative reflects the government’s commitment to developing economic and social policies that contribute to achieving sustainable development goals.
Cabinet Meeting at the Dubai Airshow
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, chaired the Cabinet meeting held at the Dubai Airshow venue, attended by several prominent figures, including His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Head of the Presidential Court. He emphasized the importance of the exhibition, stating: “The UAE government supports this exhibition, which hosts delegations from 115 countries and brings together over 150,000 professionals, thereby enhancing the country’s global position in the aviation sector.”
Establishment of the National Investment Fund
His Highness Sheikh Mohammed bin Rashid Al Maktoum announced the approval of the establishment of the National Investment Fund with an initial capital of 36.7 billion dirhams, subject to increase. The goal of this fund is to encourage the attraction of foreign direct investments to the country, which will help raise investment targets from 115 billion dirhams annually to 240 billion dirhams by 2031. He affirmed: “The UAE welcomes you and will provide the best environment for your investments.”
National Identity Strategy
In addition to the fund, the National Identity Strategy in the UAE was approved, which includes 70 initiatives aimed at instilling national identity in new generations. He stressed the importance of enhancing concepts of belonging and family cohesion, stating: “These initiatives will be a crucial step in strengthening national identity, encouraging future generations to connect with their homeland.”
Enhancing Gulf Cooperation
The meeting also reviewed developments in joint Gulf economic cooperation, where the UAE reaffirmed its commitment to this principle. The number of licenses granted to citizens of Gulf Cooperation Council countries reached 36,000, facilitating investments and interactions between Gulf states. He also participated in presenting the achievements of the civil aviation sector for 2024, where the sector contributed 18.2% to the country’s GDP.
The UAE is steadily progressing towards achieving its economic and social goals through the establishment of the National Investment Fund and the National Identity Strategy. With these programs, the government reaffirms its commitment to bringing about positive transformation in the fields of investment and national identity in the country.