A dynamic economy driven by the young is what is envisaged by the leaders.
Foresight and bold decision-making. That’s what comes to mind when we talk of Abu Dhabi’s Dh50 billion stimulus to be rolled out over three years. The leadership, which has its ears to the ground, has taken a bird’s-eye view of the economic situation and has acted wisely to give the emirate a competitive edge for the future and secure it from negative global headwinds.
A dynamic economy driven by the young is what is envisaged by the leaders. Those willing to swim against the tide have a great future in this great country, is the message by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
The economy is on a sound footing, yet these measures to consolidate its position is worthy of praise. Opportunities are aplenty for thousands of young people who dare to dream in this country. For Emiratis with a grand vision, those planning small and medium enterprises, this stimulus comes as a boon. They can build and develop their companies in the perfect environment that the government provides for them. These platforms empower them to branch out on their own and not merely depend on government jobs.
They have been called to be free thinkers and creators. They have been called to be leaders and pioneers, and drive the change that is desired of them. They have been given the tools and financial muscle to be winners within the country and globally while supporting the economy.
There is great potential among the Emirati people, and the leadership wants the country to prosper and build companies and institutions that can withstand global economic uncertainties in the next decade. This leadership wants the country to remain a paradise for investors with next-gen infrastructure and systems. Through these reforms, Abu Dhabi wants to build world-class companies and become a global business incubator.
We will witness results from these reforms by early next year and over three years – a period analysts expect a global economic recession. These ‘preemptive measures’ will help the country withstand economic storms.
Mustafa Al Zarooni
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