The creation of the Emirates Entrepreneurship Council and a sizeable investment of AED 300 million (USD 81.7 million) to assist youth projects that encourage and enable young people to pursue entrepreneurship have been approved by the UAE Cabinet. Alia Al Mazrouei chairs the council, which aims to foster innovation and increase prospects for emerging business owners.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Prime Minister and Vice President of the United Arab Emirates, as well as the ruler of Dubai, made this announcement on X. Sheikh Mohammed presided over the Cabinet meeting at Abu Dhabi’s Qasr Al Watan.
Sheikh Mohammed stated that the country has abundant resources and that everyone, both locally and internationally, benefits from its wealth.
He pointed out that the thriving economy offers enormous potential and underlined the need for young people to take advantage of this momentum, embrace excellence, and grasp important chances.
Additionally, he expressed hopes that young people will spearhead this movement toward even greater possibilities.
A New Honour For Federal Workers
Also, to achieve “Zero Government Bureaucracy,” the Cabinet approved a new prize for federal government personnel worth AED7 million (USD 1.9 million).
“At today’s Cabinet meeting, we approved the introduction of a new Dh7 million reward for federal government personnel that focuses on reaching zero bureaucracy. Workgroups, people, and federal agencies that create initiatives to simplify government processes, conserve funds, and lessen the regulatory burden on businesses and individuals will be recognised with this award,” Sheikh Mohammed said.
In order to save residents’ time and effort when interacting with government services, this project aims to recognise and congratulate those who streamline processes, limit stages, and facilitate transactions.
“We will commend and celebrate innovators and hardworking individuals who tirelessly provide resources, serve the public, and enhance the nation’s competitiveness,” Sheikh Mohammed stated.
Education Council’s Governance Structure
The Education and Human Resources and Community Development Council’s governance structure was also authorised by the Cabinet. Sheikh Abdullah bin Zayed, the foreign affairs minister, is the council’s head, and Sheikha Mariam bint Mohamed bin Zayed is its deputy.
In addition, the council has seven ministerial members and is made up of sectoral, specialised, and executive committees that focus on the social sector, private education, and higher education.
“We hope they succeed in overseeing this crucial national dossier, which has undergone substantial changes recently. We have high hopes for their accomplishments and are upbeat about their efforts,” Sheikh Mohammed remarked, as he went on to emphasise that the UAE’s society, families, and children always deserve the best.
A Bright 2024
Sheikh Mohammed added that 2024 would be a year of goodness and blessings, characterised by stability, prosperity, and excellence—reflecting a record level of economic expansion. The UAE had rapid expansion, attracted top foreign talent and investment, and continued to improve its global competitiveness during this time.
“The United Arab Emirates competitive 2024 accomplishments yielded outstanding outcomes, as the nation topped 223 global development metrics. In 444 indicators across important international publications on the business climate, economy, infrastructure, talent mobility, foreign investment, financial systems, exports, trade, tourism, technology, and other crucial areas, it likewise ranked in the top five,” he said.
“A prosperous year for the finest individuals was celebrated.” The finest president led a successful year. He led a successful year with the largest, most committed national team and the best efforts. Sheikh Mohammed went on to say, “We are returning in 2025 stronger, more attractive, and greater.”
Maintaining National Identity
The Cabinet has also approved a national policy to preserve the UAE’s modern architectural legacy. This strategy will concentrate on creating plans to protect the historical, cultural, and national value of buildings and urban structures that have grown to be essential components of the state’s architectural character.
There are already 130 approved sites and structures, and in the next years, there are plans to increase this number to 1,000 locations. We must conserve these unique urban structures as part of the nation’s legacy for the benefit of future generations.
The UAE Cabinet’s recent initiatives reflect the nation’s unwavering commitment to innovation, inclusivity, and national identity. By establishing the Emirates Entrepreneurship Council and investing AED 300 million to support young entrepreneurs, the government is creating a fertile environment for future business leaders to thrive.
The introduction of a “Zero Government Bureaucracy” award signals a forward-thinking approach to governance, recognising individuals and teams who simplify processes and improve service delivery, ultimately enhancing the nation’s global competitiveness.
Additionally, the governance structure of the Education and Human Resources and Community Development Council and the policy to preserve architectural heritage emphasise the UAE’s holistic approach to development, balancing modernity with cultural preservation.
These measures underscore the UAE’s dedication to fostering a prosperous, inclusive, and innovative society while preserving its rich heritage. As the nation prepares for 2025, it aims to build on these accomplishments, strengthening its position as a global leader in business, governance, and cultural identity.