Cabinet approves Policy for Economic Clusters

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has chaired a Cabinet meeting held at Qasr Al Watan in Abu Dhabi.

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Sheikh Mohammed said, "Today, I chaired the first Cabinet meeting of the new government season at Qasr Al Watan, which we hope will be a season of prosperity, progress, and growth for our nation.

"The first decision approved was the National Policy for Economic Clusters, aimed at developing clusters of industries, services, and institutions with shared characteristics across the UAE, while leveraging the unique strengths of each emirate. The policy is designed to enhance sectoral capabilities, expand access to global markets, and contribute more than Dhs30 billion annually to the national GDP, while reinforcing the global competitiveness of the UAE economy.

National Policy for Economic Clusters, is a strategic framework designed to boost economic growth and improve the competitiveness of the UAE's economy at both the macro and sectoral levels by means of establishing clusters of interconnected industries, services, and the organisations associated with them, in specific geographic areas.