Money and business

Mohammed bin Rashid’s vision reflects a government approach based on continuous development and enhancing the UAE’s leadership

Minister of Cabinet Affairs, Mohammed Abdullah Al Gergawi, confirmed that the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, “may God protect him,” reflects a government approach based on continuous development, anticipating global changes, and adopting best practices to enhance the UAE’s competitiveness and leadership.

Al Gergawi added, on the occasion of the adoption of the national program for developing the statistical system in the country, that the comprehensive national review of the gross domestic product represents a strategic step that reflects the increasing importance constituted by standards that include the accuracy, flexibility, and efficiency of the national statistics system, enriching it with the best technologies, benefiting from the latest global practices, and continuous graphical updating of its outputs, in formulating and designing future plans, policies, and strategies, in a way that reflects the steady growth and diversification of the national economy, and supports the achievement of the country’s development goals.

He explained that this review provides a more accurate and comprehensive picture of the national economy, through more efficient measurement of the contribution of various economic sectors, which enhances the quality of government policies and decisions, raises the level of confidence of investors and international institutions, and confirms the UAE’s position as a global model in employing data and statistics to support comprehensive and sustainable economic development.

Al-Gergawi said that the review embodies the level of institutional integration between federal agencies, local statistics centers, and data providers, through unifying statistical methodologies and expanding the use of administrative records and modern data sources, in a way that enhances the reliability of official statistics, improves the quality of economic indicators in accordance with the best international standards, and reflects the true size of the national economy and the dynamism of its growth.

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