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UAE freezes government fees for next three years

ABU DHABI, March 1, 2018

The UAE government has announced that federal fees for all government services in the country will not be hiked for the next three years, reported the state news agency Wam.
 
The announcement from Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, came after he chaired the UAE Cabinet meeting in the presence of Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, and Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.
 
Sheikh Mohammed said: "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."
 
"UAE's 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," stated the Vice-President said via his official Twitter account.
 
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, Sheikh Mohammed said. "Our goal is to change the mindset of the government and private sectors towards devising solutions for the future," he stated.
 
Sheikh Mohammed said a new railway regulation bill would soon be introduced to pave the way for a railway network to transport passengers across the emirates. 



Tags: UAE | industrial | commercial | Government fees |

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