UAE Govt Annual Meetings Unveil 8 Projects, National Initiatives

The annual meetings of the UAE government were held this week in the presence of President Sheikh Mohammed bin Zayed Al Nahyan. (WAM)
The annual meetings of the UAE government were held this week in the presence of President Sheikh Mohammed bin Zayed Al Nahyan. (WAM)
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UAE Govt Annual Meetings Unveil 8 Projects, National Initiatives

The annual meetings of the UAE government were held this week in the presence of President Sheikh Mohammed bin Zayed Al Nahyan. (WAM)
The annual meetings of the UAE government were held this week in the presence of President Sheikh Mohammed bin Zayed Al Nahyan. (WAM)

The UAE revealed eight national projects and initiatives as part of the outcomes of the annual meetings of the UAE government, which were held this week in the presence of President Sheikh Mohammed bin Zayed Al Nahyan, Vice President and Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum and the participation of more than 500 officials.

The meetings witnessed the launch of the “We the UAE 2031” plan, which targets a new stage of sustainable development in the country, and sets a roadmap for the development path for the next 50 years.

The meetings also saw the announcement of an increase in support for the salaries of citizens in both the private and banking sectors, and the expansion of the covered sectors and specializations. The move aims to attract the largest number of national job seekers and encourage them to work in the private and banking sector institutions.

The new initiative will also contribute in building partnerships and supporting more than 170,000 beneficiaries in both the private and banking sectors during the next five years.

The strategic plans also included the Emirates Villages Project, which aims to create a sustainable development model that suits all regions in the country, and benefits from the human energies and natural potentials of each region.

The project seeks to create economic and investment opportunities that achieve social stability, and to provide appropriate economic openings in villages and remote areas.

The project is based on five development tracks, where the Emirates Council for Balanced Development will seek during the next five years to achieve a set of goals that focus on creating a micro-economy in 10 villages.

The annual meetings of the UAE government also saw the signing of seven major partners’ agreements for social contribution in support of the "Emirates Villages" project, with a value of 200 million dirhams ($54.4 million).



GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA
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GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA

Saudi Arabia’s General Authority for Statistics (GASTAT) said Thursday that the Industrial Production Index (IPI) statistics for November 2024 showed a 3.4% increase compared to the same month of the previous year.

This increase is driven by growth in mining and quarrying, manufacturing, water supply, sewerage, and waste management and remediation activities, GASTAT said.

Furthermore, the sub-index of mining and quarrying activity increased by 1.2%, and the sub-index of manufacturing activity increased by 7.2%.

The sub-index of electricity, gas, steam, and air conditioning supply activity recorded a decrease of 2.1%, and the sub-index of water supply, sewerage and waste management and remediation activities increased by 10.5%.

The IPI by main economic activities increased by 3.8% compared to the same month of the previous year, while the index of non-oil activities also increased by 2.4%.

GASTAT publishes the IPI monthly. It is an economic indicator that reflects the relative changes in the volume of industrial output. It is calculated based on the industrial production survey.