Mohammed bin Zayed: There is no compromise in the principle of the sovereignty and security of UAE, and diversification of the economy is a strategic necessity

Sheikh Mohamed bin Zayed Al Nahyan, President of UAE, stressed that the sovereignty and security of his country is a fundamental principle that cannot be waived.
In a speech carried by the Emirates News Agency and local media, Sheikh Mohamed bin Zayed announced extending the hand of friendship to all countries in the region and the world, “which share the values ​​of coexistence and mutual respect to achieve progress and prosperity for all.”

Good reputation regionally and internationally

Sheikh Mohammed bin Zayed said, “Since its establishment, UAE has strengthened its relations with the countries of the world on solid foundations of good dealing, credibility and constructive cooperation, which has earned it a good reputation regionally and internationally through the efforts of its young men and women of whom we are proud inside and outside the country.”
“We will work to strengthen our role among the world’s leading countries in providing development and humanitarian aid and charitable work, and continue to extend a helping hand to communities around the world without regard to religion, race or color,” UAE President added.

supportive of peace

Sheikh Mohammed bin Zayed stressed that UAE will continue to “support peace and stability in our region and the world, help brother and friend, and advocate wisdom and cooperation for the good and progress of humanity.”
“We will continue our firm approach to strengthening bridges of partnership, dialogue and effective and balanced relations based on trust, credibility and mutual respect with countries of the world to achieve stability and prosperity for all,” he added.

diversification of the economy

In his speech, Sheikh Mohammed bin Zayed considered the diversification of the economy a strategic necessity within the development plans, noting that “it is necessary to accelerate economic development efforts to build an active and world-leading economy.”
He promised to continue enhancing the economic competitiveness of UAE and achieving the best global indicators in this field.
200 nationalities
He said that UAE possesses a “distinguished wealth of young workforce.”
More than 200 nationalities actively and actively participate in the growth and development of our economy.”
“Our priorities also include developing our capabilities in the field of science and technology and developing them to achieve benefits for all sectors of the economy and society,” the President of UAE added.
A pivotal role for the private sector

Bin Zayed pointed out that the role of the private sector is pivotal
It must be revitalized and its contribution to the development of the economy deepened.
Sheikh Mohammed bin Zayed also stressed the continuation of “consolidating the country’s position as a reliable provider of energy and a supporter of global energy security, as it is the backbone of enabling global economic growth and development.”