Pragmatic policies keep UAE ahead: paper
(MENAFN- Emirates News Agency (WAM))
ABU DHABI 2nd February 2016 (WAM) -- The UAE is a model country adored by the world. Pursuing excellence in all fields has been the vision of the leadership and thus the Emirates has managed to anticipate the future encourage creative ideas to address all challenges and adopt innovative solutions commented a UAE daily.
"The country has certainly been blessed with the expertise and the resources the will and the determination and most importantly the vision and wise leadership to ensure the economy is sustainable" said The Gulf Today in an editorial on Tuesday.
Holding discussions on the UAE's economy beyond oil is a pragmatic and praiseworthy approach. Realistic policies are what have kept the UAE much ahead of others. To shape the future one has to plan effectively be it an individual or a nation.
In that sense the UAE Cabinet retreat on post-oil phase in which federal and local government officials discussed ideas and initiatives that contribute in diversifying the economy and ensuring its sustainability is a brilliant initiative. Interestingly development of human capital has been identified as a crucial factor.
As Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum accurately put it "The development of human capital is the global currency of the 21st century economies and the only way to achieve sustainable development and promote the UAE's journey towards further progress and prosperity."
His Highness Sheikh Mohamed bin Zayed Al Nahyan Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces's words add to the optimism.
As he explained "We will launch effective national initiatives and adopt unconventional methods to realise a comprehensive development process towards more achievement and ensure a leading position of the UAE globally. We want a scientifically advanced UAE we aim to have an Emirati robust economy depending on advanced industries and scientific research and we want Emirati innovations that change the lives of our future generations."
The solid foundation laid by the founding father of the nation the late Sheikh Zayed bin Sultan Al Nahyan and the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to adopt a balanced and sustainable economy are all yielding positive results.
Through its workshops and brainstorming sessions the Ministerial Retreat has been able to effectively address means to boost the economy away from oil as well as discuss possible future scenarios in different and new sectors.
"Such meticulous planning strengthens the hope that the future will be bright and this great nation will continue to witness peace and prosperity" concluded the Sharjah-based daily.
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