The Vice President of the United Arab Emirates, Prime Minister and Ruler of Dubai, Mohammed bin Rashid Al Maktoum, revealed that the UAE will double the federal budget 130 percent within 15 years, pointing out that "the UAE economy is the second Arab in size, and the first country in the region in attracting foreign investments and in the ease of doing business, in addition, the government's financial sovereign rating is the highest in the region”.
In a message to the Emiratis on the occasion of the 15th anniversary of his assumption of the premiership, he explained, "The government has carried out the largest legislative reform process through more than 50 new laws to keep pace with the future, and changed the model of providing 2,500 government services from traditional to smart, and the UAE government has become the second in the world in Financial efficiency." He pointed out that “the UAE has become the first in the world in the overall stability index of the economy, the first in the world in the percentage of internationally accredited hospitals, the first in the world in easy access to electricity, the first in the world in the availability of mobile broadband, and the second in the world in the ability to adapt to changes. It has also become the first in the Arab world in the rule of law and the efficiency of the judicial system, the first in the world in government partnership with the private sector, the first in the world in financial skills in the public sector, and the best education in the Arab world in science and mathematics.” He revealed that the UAE's spending on research and development in universities exceeded 8 billion dirhams ($ 2.1 billion) in 2020 only.
Source (Al-Sharq Al-Awsat newspaper, Edited)
