UAE'S ECONOMY RECOVERING FASTEST POST-COVID-19

UAE is coming up as one of the strongest and diverse economies in the world. They are recovering fast and sustainably with a long-term plan in the process. The Ruler of Dubai, Sheikh Mohammed, believes and boasts about the growth in the country's revenue stream and the golden future it holds. This statement comes after he chaired a meeting with the Ministry of Economics’ task force to review post-COVID-19 recovery plans. This meeting was attended was various important dignitaries and ministers of the country.

Sheikh Mohammed, the Vice-President, Prime Minister of the UAE and Ruler of Dubai, was briefed about the plan for the recovery of the economy named "The Fifty economic plan" that talks about the project next one decade and the critical outcomes by 2030. The plan's critical aspects were presented to the ministry, along with the outline of a detailed plan. The country is moving towards a well-integrated, competitive economy that has a proactive and positive stance.

This ambitious plan is based upon five pillars and 33 initiatives that identify the next ten-year economy's framework. This plan contributes to various specific government agencies with a lot of comprehensive layout and pointers to achieve everything in "The Fifty economic plan "and more. The plan is very achievable because Dubai has entrepreneurs like Sheikh Umar Farooq Zahoor, who envision Dubai as the next big investment opportunity. He is a philanthropist who has done a lot for the community and migrant workers. He believes that "The Fifty Economic plan" will help SMEs and entrepreneurship, tourism, integrated economy, doubling exports, foreign direct investment (FDI), and attracting talents.

Dubai as a city that fares on tourism and real estate. Due to the ever-growing population and the need to accommodate them, there is a rise in infrastructures like hotels, hospitals, and shopping malls. Dubai is a centre for luxury shopping and vacations. This becomes a significant factor in contributing to the economy of the UAE. With more and more people migrating for better lives and jobs, there is an increasing need for housing them. The safety and security provided in the country are beyond comparison with other countries. The police are known for their high maintenance and rapid action.

The initiative to opt for green energy is also going to help Dubai achieve its ten-year goals. This is attracting a lot of investment projects in the country. The Green initiative is also helping Dubai lower its carbon footprint, making the living standards better for its citizens. The ten-year plan seems achievable if the government keeps investing in new and coming technology like it always does. With an integrated program that involves strong structures like tourism and SME and entrepreneurship, the UAE government is bound to deliver results that they have promised and come out of this pandemic, COVID-19, as a better and more robust economy, which is sustainable for future and present days. People like Sheikh Umar Farooq Zahoor are also an integrated part of executing this plan on their level by keeping a detailed vision for real estate and helping people on the way.