His Highness Sheikh Rashid bin Saud bin Rashid Al Mualla, Crown Prince of Umm Al Quwain and Chairman of the Executive Council, approved the strategy of the Umm Al Quwain Emirate’s Investment Development Committee in an important step towards increasing economic growth. attracting investors to the emirate.
The Investment Development Commission’s strategic plan identifies several important projects and initiatives that will be implemented in the coming years, emphasizing its vision to protect and develop investments in the emirate and the plan to create pioneering investment opportunities in the region is based on providing the best investment opportunities in the Emirate of Umm Al Quwain.
The strategy includes a set of priority sectors including logistics services sector, tourism sector, industrial sector, integrated cities sector and real estate development to enhance Umm Al Quwain’s position as a prime investment destination.
Sheikh Majid bin Saud bin Rashid Al Mualla, Chairman of the Investment Development Committee and Head of the Department of Tourism and Antiquities, said: “Investment strategy is one of the most important issues in achieving the ambitions of the wise leadership, including the diversification of the targeted economic sectors and their sustainability, Umm Al The Emirate of Quwain has promising opportunities and capabilities to be the engine of our economy.”
Sheikh Majid bin Saud bin Rashid Al Mualla emphasized that Umm Al Quwain is one of the emerging emirates, distinguished by its geographical location, including unique environmental components and historical cultural heritage, which can be invested as a unique identity. Umm Al Quwain also has a competitive economic advantage that adds to its value as an investment opportunity.
The strategy of the Investment Development Committee aims to develop plans and work mechanisms that help develop investments in the emirate, attract investments, support and develop local projects and entrepreneurs, in addition to promoting existing projects and investment opportunities in the emirate.