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Mon 11 May 2020 10:14 AM

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Recovery plan: Sheikh Mohammed issues challenge to restore UAE economy post-Covid-19

Dubai Ruler currently holding remote meeting entitled 'Preparations for the post-coronavirus, Covid-19, period'

Recovery plan: Sheikh Mohammed issues challenge to restore UAE economy post-Covid-19

Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai has thrown down the gauntlet to ministers and officials and challenged them to restore the UAE to its pre-Covid-19 glory “faster than any other country in the world”.

Sheikh Mohammed was speaking at a remote meeting with ministers, undersecretaries, the secretary general of the Executive Councils, officials from over 100 federal and local entities in addition to international experts.

Entitled ‘Preparations for the post-coronavirus, Covid-19, period’, the meeting, which will run through to Tuesday, focused on six key sectors, including health, the economy, food security, education, the community and the government.

Sheikh Mohammed said: “The door is open for new ideas. We are ready to rebuild all our sectors to secure the happiness, prosperity and stability for our society. Our target today is not only protecting the health of people but also protect our economy and our lifestyle that we built over the past 50 years, and today we will work hard to protect our achievements.”

Emergency plan

Sheikh Mohammed echoed a previous call from an earlier meeting for local, regional and international experts to participate in brainstorming sessions and workshops to analyse the situation and produce solutions.

He ordered that an emergency plan be developed to increase the productivity and competitiveness of the medical industries sector as part of preparation for the post-Covid-19 era in the country.

"New teams are required to work faster, more thoroughly and more responsively to the fast-changing daily developments," he said.

"Our national priorities need to be reviewed to cope with the post-Covid-19 world. Our financial and human resources need to be redirected to strengthen our medical, food and economic security through new programmes and project," he added.

Last month the Central Bank of the UAE (CBUAE) doubled to $70 billion a stimulus package to support the Gulf state’s economy amid the coronavirus pandemic.

As of Monday there are 18,198 confirmed cases of coronavirus in the UAE, while the Covid-19 death tolls stands at 198.

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