Federal fees for government services in the UAE will not increase for at least three years, it was announced on Wednesday.
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, made the announcement as he chaired a UAE Cabinet meeting.
"We decided not to increase the federal fees during the next three years, to restore the economic and social stability of the state and to support our industrial and commercial sectors and attract more foreign investments," he said via his official Twitter account.
Sheikh Mohammed said: "UAE competitiveness is the main priority for the government, and the next term will witness the launch of many new social-development initiatives, and other initiatives for UAE youth to make them directly benefit from our journey of development."
Sheikh Mohammed also approved a new national strategy for advanced innovation, which aims at improving the governmental future designs, and creates new economic fields, along with creating other achievements that focus on human welfare.
The new strategy will focus on innovation in the health, transportation, future techniques, water, environment and space technology development.
"Our goal is to change the mindset of the government and private sectors towards devising solutions for the future," he said in comments published by state news agency WAM.
He added that a new railway regulation bill was in the pipeline to pave the way for a UAE-wide railway network.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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