Maktoum Bin Mohammed Reviews Financial Sustainability Strategies For The UAE In 2025
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, led a meeting to assess the financial framework of the government. The session underscored the Ministry of Finance's achievements and future plans aligned with leadership goals. His Excellency Mohammed bin Hadi Al Hussaini and senior ministry leaders were present.
In 2024, the Ministry of Finance achieved notable success with innovative financing programmes. These included the Government Treasury Bonds Programme and the local currency-denominated Treasury-Sukuk Programme. These initiatives boosted financial liquidity, attracted investments, and supported sustainable capital market development in the UAE.
The UAE's strong financial performance and prudent fiscal policies have maintained its sovereign credit ratings with Fitch and Moody’s. This stability reinforces the UAE as a safe investment destination, affirming its ability to meet financial obligations efficiently and sustainably.
H.H. Sheikh Maktoum emphasised that the Ministry's achievements in 2024 are crucial for shaping a sustainable future for the UAE. "The approval of the largest budget in the country’s history and the outstanding success of financing programmes reflect the vision of our leadership, which prioritises investing in future generations," he stated.
The Ministry also launched advanced smart government services using cutting-edge technologies. This initiative improved efficiency, reduced bureaucracy, and enhanced customer experience by automating financial processes and implementing governance measures to expedite transactions.
The meeting reviewed transformational projects aimed at enhancing financial management efficiency. These projects are designed to strengthen the UAE’s position as a global hub for investment and innovation while supporting national economic growth through sustainable initiatives.
Legislative Advancements and International Engagement
In legislation, new laws were introduced to enhance business environments by integrating tax systems with financial legislation. The Ministry upheld commitments to transparency and sustainability while fostering integration between tax policies and financial frameworks.
On an international level, the Ministry actively participated in meetings with groups like G20 and BRICS. This involvement has strengthened the UAE’s role as a key partner in addressing global economic challenges through strategic engagement with major international financial organisations.
Future Plans: Vision 2031
The operational plan for 2025 focuses on realising strategies aligned with 'We The UAE 2031' vision. It emphasises innovation in developing financing tools, enhancing governance, and supporting national economic growth through sustainable initiatives.
The Ministry's strategic approach includes launching smart government services leveraging advanced technologies. These efforts aim to streamline procedures, improve data accuracy, and positively impact the business environment by accelerating transactions.
The meeting highlighted significant achievements in 2024 that marked milestones toward achieving strategic visions. The approval of the largest federal budget for 2025 paves way for ambitious projects enhancing Emirati society's wellbeing while balancing economic growth with sustainability.
Under directives from President His Highness Sheikh Mohamed bin Zayed Al Nahyan, H.H. Sheikh Maktoum affirmed commitment to adopting best global practices in financial management. This approach strengthens support for sustainable economic development while prioritising strategic interests locally and internationally.
With inputs from WAM
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