The UAE has introduced a series of new measures aimed at boosting the economy, and is expected to achieve an investment of US$150 billion in the next 9 years. The strategy announced on September 5, 2021 includes a series of investment efforts and the introduction of a new visa policy to make it easier for foreign workers to work and live in the UAE.

UAE Minister of Economy Abdullah bin Touk said that the government plans to invest approximately US$13.6 billion in the economy in 2022, with the goal of increasing the level of development by 10%. "We believe that these investment-supported projects will make (the UAE) one of the most competent economies in the world." He said at a press conference. It also announced an investment of US$1.36 billion in the UAE Development Bank. The ministers stated that it will be used to support the UAE's industrial sector.

Other officials who spoke at the event included Minister of Cabinet Affairs Mohamed Gelgawi, Minister of Industry and Advanced Technology Dr. Sultan Jaber, Minister of State for Foreign Trade Tani Zeyudi, and Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications Omar Olama. Ministers emphasized the potential contribution of digital industry and the Fourth Industrial Revolution (4IR) technology in achieving the country's ambitious economic goals.

Al-Olama revealed its plan to attract more programmers to the UAE, with the goal of attracting approximately 64,000 to 100,000 programmers within a year. The minister said this will help the United States consolidate its plan as the Silicon Valley in the region.

Keywords: overseas engineering, international engineering construction, foreign engineering construction news

In September 2021, Dubai Ruler Mohammed bin Rashid and Abu Dhabi Crown Prince Mohammed bin Zayed stated that the UAE will announce 50 economic projects in the coming weeks to commemorate the 50th anniversary of the reunification of the UAE.Editor/XuNing