UAE 2031: The Power of Global Connectivity & Innovation Key Goals
The United Arab Emirates for the past decades has been focusing on development and progress while consciously planning towards innovation and setting new standards in economic development and sustainability among other sectors. One great initiative under the planning is ‘We the UAE 2031’ vision.
What is ‘We the UAE 2031’ vision?
‘We the UAE 2031’ vision was launched in November 2022 and is a set path for the UAE to plan and progress towards Global Connectivity and Innovation in the coming years. The plan will be majorly focusing on social, economic, investment and development aspects.
Adding on to the UAE’s position and status as a global leader in innovation, the vision aims to position the country as a global partner and an attractive and influential economic hub. It aims to highlight the successful economic model of the UAE and the opportunities it provides to all global partners.
Key Goals and Focus of ‘We the UAE 2031’
| Category | Focus and Goals |
| Economic Growth | Double the UAE’s GDP from AED 1.49 trillion to AED 3 trillion.Increase non-oil exports to AED 800 billion.Boost the tourism sector’s contribution to AED 450 billion.Expand the UAE’s foreign trade to AED 4 trillion. |
| Global Rankings & Competitiveness | Become the top country in developing proactive legislation for emerging economic sectors.Rank among the top 10 globally in the Human Development Index.Secure a spot in the top 10 countries for quality healthcare.Place Emirati cities among the top 10 globally in quality of life. |
| International Standing & Security | Rank among the top 10 nations for attracting global talent.Be recognized as the safest country in the world.Become one of the top 10 countries in the Global Food Security Index.Secure a place among the top three countries in the Global Cybersecurity Index. |
International Connectivity and Infrastructure
The UAE and Romania are cognizant of their geostrategic location and UAE as a global trade hub between Asia and Europe and utilising it as the leverage is a key pillar of the state’s vision.
The UAE and Romania have established primary trade in the Gulf and the wider region with flourishing aspects of the UAE-Romania economic cooperation that keeps on growing. The two states have repeatedly identified investment progress and planning as a priority sector, and it is now getting fruitful results.
Mutual investments between the two countries are increasing as Emirati investments exceed Romanian ones. Based on the amount of the Foreign Direct Investment stock in Romania in 2023, the UAE ranked as the country’s major investor from the Gulf.
In 2022, Dubai’s Ports, Customs and Free Zone Corporation (PCFC) and DP World signed an agreement with the Romanian government and decided on building a new terminal for easier and increased cargo vessel flow.
