His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has launched a landmark "Fifty-Year Charter." This ambitious pledge outlines nine key articles designed to enhance the quality of life and secure a prosperous future for generations to come, marking a significant step in Dubai’s long-term development strategy.
Key Takeaways
- A 50-year vision for Dubai’s development, focusing on quality of life and future generations.
- Commitment to continuous renewal of the charter with new projects and programs annually.
- Emphasis on leveraging Dubai’s strategic location for global trade and connectivity.
- Introduction of innovative economic and social initiatives.
Dubai’s Strategic Vision: The Fifty-Year Charter
The "Fifty-Year Charter" is a commitment to Dubai’s future, building upon Shaikh Mohammad’s 50 years of service to the nation. It is intended to complement, not replace, existing strategic plans. The charter will be updated annually on January 4th with new projects and programs, ensuring Dubai remains at the forefront of innovation and development.
Pillars of the Charter:
- Dubai Silk Road: Leveraging Dubai’s position as a global hub to build a new silk road, fostering trade between East and West. The goal is to restore the region’s historical role as a center of civilization and trade.
- Geo-Economic Map for Dubai: Creating specialized free economic zones across the city, each with its own board, investment goals, and a dedicated governor to drive growth and competition.
- Virtual Commercial City: Establishing the region’s first virtual commercial zone, allowing companies to obtain trade licenses, bank accounts, and e-residency visas without physical residency, aiming to simplify business setup.
- Central Education File: Developing a digital file for every citizen to track educational achievements, certifications, and training, with personalized educational plans to foster lifelong learning and adaptability.
- Doctor for Every Citizen: Providing 24/7 medical consultations through a specialized company and smart government applications, aiming to revolutionize healthcare by bringing doctors closer to patients.
- Free Economic and Creative Zones in Universities: Designating universities as free zones for students to pursue economic and creative ventures, integrating entrepreneurship into the educational system.
- Self-Sufficiency in Dubai Homes: Implementing a program to encourage self-sufficiency in water, food, and energy for at least 10% of citizens’ homes, promoting sustainable lifestyles and creating a new economic sector.
- Cooperative Companies: Establishing cooperative companies owned by citizens in vital sectors to improve service quality and potentially double citizens’ incomes through privatization and citizen ownership.
- Annual Growth in Philanthropy: Committing to increasing humanitarian efforts and charitable works in parallel with business development, recognizing giving as a key to community happiness.
Sources
- Mohammad publishes 50-year Charter, Gulf News.