Dubai Ruler Sets Out Ambitious U.A.E. Growth Strategy - Middle East Real Time - WSJ:
"A national agenda, outlining key economic and social priorities over the next seven years, was launched with much fanfare this week in the seven-member United Arab Emirates.
Lacking in details, the agenda, which is the brainchild of Dubai ruler and the country’s Prime Minister Sheikh Mohammed bin Rashid al Maktoum, sets out objectives across education, healthcare and the economy.
“If our performance over the past years was 100%, then we need 200% during the upcoming seven years,” Sheikh Mohammed said as he announced the agenda on Tuesday.
One of the Dubai ruler’s most ambitious goals is to grow GDP per capita by 65% in seven years, which roughly equates to an annual growth rate of 7%, a lofty level for any country around the world. For instance, the International Monetary Fund forecasts GDP per capita of $43,423 in 2014 in the U.A.E., only up ever so slightly on $43,184 last year."
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