Friday, 7 August 2020

#UAE to implement 'flexible' plans to revitalise economy | Business – Gulf News

UAE to implement 'flexible' plans to revitalise economy | Business – Gulf News:

In a continuation of the UAE's economic relief measures, the UAE Ministry of Economy is to implement a "flexible package and plan" to support various sectors.

The plan seeks to create a more flexible economic environment "conducive to provide new opportunities and encourage investments in future sectors in support to the UAE's strategic vision and direction," the Minister said in a statement.

The timeframe of the plan involves three stages that will lead to "growth in vital sectors and set the country’s path towards sustainable development".

During its last meeting, the UAE Cabinet had approved various aspects of the flexible package and general plan to support various economic sectors, along with the formation of a Committee headed by Abdulla Bin Touq Al Marri, UAE Minister of Economy. The Committee is following up the implementation of the plan and is submitting its recommendations to the Cabinet.

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