UAE's new economic growth initiatives to support youth, startups

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The UAE has launched a host of new economic growth initiatives.

These include an entrepreneurial academy (Skill-Up Academy), a new platform to support the growth of startups (Scale-Up Platform), and a web portal for investors (Grow in UAE).

The new projects were announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

He said the vision, proactive strategy and committed efforts of federal and local teams have enabled the UAE economy to be progressive, resilient and stable and maintain a high level of preparedness to deal with any kind of crises and challenges.

His Highness’s remarks came as he reviewed the plans and programmes of the Ministry of Economy.

"Today, we launched a number of economic initiatives – an accelerator for family-owned businesses that supports them in accessing new markets; an economic research institute established in collaboration with leading universities (UAE Growth Lab); and a global investment conference (Investopia) to be held in March 2022 that will discuss strategies to leverage the opportunities created by the new economy," His Highness said.

"The post COVID-19 world has brought several new shifts and a changed environment. We need to think differently and develop innovative policies. Federal and local teams should work as one unit to benefit from the opportunities that the new emerging global economy has to offer," added Sheikh Mohammed.

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