UAE launches Five-year strategic plan

12/10/2009 - Dubai Investment News
UAE launches Five-year strategic plan

Posted by Bob Brunskill

If buying in Dubai was ever of interest then recent developments for Abu Dhabi 2030 could provide encouragement for property investment.

The United Arab Emirates' Abu Dhabi Department of Economic Development recently revealed the Economic Strategic Plan for 2008-2012, following on from (the?) Economic Vision 2030.

H E Mohamed Omar Abdullah, undersecretary of the department of economic development, spoke of the plan's main objective.

Mr Abdullah said: "[It] is to monitor the emirate's economic performance till the end of the year 2012 in light of the development objectives of the Economic Vision 2030 on the long run."

It has been based on in-depth studies which aim to set the wheels in motion so that the first five years' objectives for Economic Vision 2030 can be achieved.

Mr Abullah gave more details of plan's content saying some areas of focus are diversification and economic growth, tourism, communication and media and identifying the ways in which such sectors need to grow.

According to the Emirate of Abu Dhabi Executive council, the establishment of the federation of the UAE in 1971 can be attributed mostly to the late Sheikh Zayed.