UAE STEPS INTO NEW ERA OF PROSPERITY
GREEN VISA FOR HIGHLY SKILLED ■ PEOPLE AND INVESTORS FREELANCE VISA AIMS TO ATTRACT ■ SPECIAL TALENTS TO COUNTRY 500 NATIONAL TECHNOLOGY ■ COMPANIES TO BE ESTABLISHED
The UAE yesterday unveiled ‘The Principles of the 50’, as part of the ‘Projects of the 50’ campaign, which encompasses the nation’s strategic roadmap for a new era of economic, political and social development agenda.
The 10 principles act as guidelines for all UAE’s institutions as the country approaches a new phase of development over the next 50 years as directed by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan and envisioned by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, VicePresident and Prime Minister of the UAE and Ruler of Dubai, and His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
As part of the ‘Projects of the 50’, the UAE announced the launch of a new resident visa category — Green visa — that allows residents to sponsor their parents and children [up to the age of 25 years instead 18 years in the case of sons].
The green visa will not be linked to work permits from companies and targets highly skilled people, investors, entrepreneurs, top students and graduates, announced Dr Thani Al Zeyoudi, Minister of State for Foreign Trade announced.
Over the past five decades, the UAE has opened its doors, ports, skies and economic sectors to become a destination for all, and we will continue on this path as we establish a pathway for 50 more years of development and opportunity.”
Mohammad Al Gergawi | Minister of Cabinet Affairs
The UAE is determined to raise the productivity of the industrial sector through the continuous adoption of the latest advanced technology applications in all operational processes.”
Dr Sultan Bin Ahmad Al Jaber | Minister of Industry, Advanced Technology
He also announced the launch of another category of ‘Freelance Visa’ to attract special talents to the country.
invest.ae — the new portal
“Freelancers will have special dedicated visas … This is to attract experts, retirees and specialised people to niche sectors,” explained Dr Al Zeyoudi. Speaking to Gulf News, he said
The applications of the Fourth Industrial Revolution will form a cornerstone of the nation’s economic success and international competitiveness over the next 50 years.”
Sarah Al Amiri | Minister of State for Advanced Technology
the Green visa would be open to most categories of residents. “It is going to be open for most of the categories — investors, entrepreneurs, [those running] SMEs, talented people, scientists, students etc.”
Also yesterday, the Fourth Industrial Revolution Network was launched to promote the adoption of advanced technologies in the national industrial
The UAE, with its expertise and global economic standing, seeks to strengthen economic relationships with partners around the world, and facilitate the flow of trade between nations and continents.”
Dr Thani Al Zeyoudi | Minister of State for Foreign Trade
The new initiatives related to the digital economy aim to attract significant investments… The digital economy and AI will certainly have a pivotal role in supporting the country’s efforts to transition.”
Omar Bin Sultan Al Olama | Minister of State for AI, Digital Economy, Remote Work Applications
sector. The project, which aims to establish and grow 500 national companies equipped with the technologies of the Fourth Industrial Revolution, will be key in creating an attractive business environment. The UAE also announced the launch of a new portal — invest.ae — that will act as an umbrella for all investment-related local entities and 14 state economic entities.
The initiatives reflect our belief that the economy and development are the two main axes shaping the country’s future. Through the three initiatives, we aim to spearhead efforts to establish the UAE as a global economic capital.”
Abdullah Bin Touq Al Merri | Minister of Economy