The Dubai Finance Ministry has launched a new strategy to promote fiscal sustainability in order to position the emirate as a global financial hub, the agency announced on Tuesday.
The Emirates will use the “best intelligent and innovative financial system” to achieve this strategy by 2026.
The 2026 Strategy “is to achieve financial sustainability to proactively support the leading position of Dubai through the fair and efficient distribution of the emirate’s resources,” WAM said.
The new strategy also aims to achieve a set of objectives associated with the Dubai Strategy 2030 project, launched by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
“Being the authority of direct supervision of all government financial affairs in Dubai, DoF is embarking on its next five-year journey with specific objectives that embody the vision of our wise leadership,” DoF’s director general Abdulrahman Saleh Al Saleh said.
The new strategy is based on a vision of global leadership and innovative financial sustainability with six corporate values put in place to develop government financial business, explained DoF’s director of strategy and corporate performance division Jasim Mohamad Al Zarooni.
Al Zarooni added that the six goals to be achieved that will take future needs into account.
