Under the patronage and existence of His Highness Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman and Member of the Federal Supreme Council, the Division of Economic Advancement - Ajman inaugurated today (Wednesday, November 1, 2017) the 4th Emirates Economic Preparation Forum-Ajman, with the support from the UAE Ministry of Economic Situation and the Department of Economic Advancement-- Abu Dhabi, the proponent of Emirates Economic Preparation Forum. Themed Overseeing the Future in Light of New Economic Changes, the forum began at the Emirates Hospitality Facility in Ajman, in the presence of H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Royal Prince of Ajman, together with top-level federal government authorities and choice makers, His Excellency (H.E.) Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Framework Development; H.E Ali Majed Al Mansoori, Chairman of the Department of Economic Advancement - Abu Dhabi; Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the Economic Advancement Division-- Ajman; H.E Mohamed Alabbar, Chairman of Emaar Properties, Chairmen of the Departments of Economic Growth in the UAE and other top-level personalities.

H.H. Sheikh Humaid honored the Ministry of Economic Climate, the Department of Economic Development - Abu Dhabi, the calculated companions and official sponsors of the 4th Emirates Economic Planning Forum-Ajman, in recognition of their beneficial contributions in sustaining the Fourth Emirates Economic Preparation Forum-Ajman, which personifies the combination in between public and private sectors in order to advertise financial advancement and attain the purposes of UAE Vision 2021 in constructing a lasting economic climate for present and future generations. The listing of guest of honors listing also included the federal government entities that sustained the forum, including Ajman Free Area and Ajman Chamber of Business and Industry, together with the platinum, gold and bronze sponsors.

In his opening speech, on behalf of H.E. Sultan bin Saeed Al Mansouri, UAE Minister of Economic Situation, H.E. Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Growth, claimed that in accordance with the UAE's enhanced efforts to promote economic growth, leading campaigns and pioneering growth jobs are being introduced to own progression and continue the remarkable achievements accomplished by the nation given that its facility. This belongs to the initiatives to attain set national objectives, under the leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and their brothers, the Leaders of the emirates and members of the Supreme Council.

His Excellency stressed that the Emirates Economic Planning Forum is an essential annual meeting intended to develop strong collaborations in between the numerous government entities involved in economic growth at federal and local degrees, especially for the Ministry of Economic Climate and the Departments of Economic Development in the country. It offers a reliable platform for advertising dialogue on growth challenges and future methods, sharing global trends in different areas of growth, and working with typical structures to attain best results on pertinent financial indications via sound financial planning - a wise method to foresee the future and develop roadmaps to growth to achieve the objectives.

H.E. discussed that the national economic climate of the UAE has actually successfully preserved balanced growth prices and a stable economic atmosphere that took care of to encounter the challenges throughout the previous years, thanks to the UAE's enthusiastic and aggressive vision based on adaptability, visibility and economic diversification while fulfilling the demands of sustainability. This will aid the nation in its relocate to develop a diversified economy based on competitiveness, knowledge and innovation, and led by nationwide competencies.

H.E. Al Nuaimi likewise highlighted popular signs and information that mirror the UAE's economic development - consisting of real GDP development of three percent in 2016 and is expected to further expand by 3.4 per cent next year. Al Nuaimi added that the non-oil sectors were a significant chauffeur of the development, as their share in the GDP raised to 70 per cent at fixed prices, and 83 per cent at the present prices for 2016. The development of these markets was videotaped at 2.7 per cent in 2014 and is anticipated to increase to 3.1 per cent in 2017 and 3.7 percent in 2018 - mirroring the strength and stability of the UAE's development policies.

Al Nuaimi additionally stressed that in light of the proceeding challenges and developments worldwide and the nearness of accomplishing the objectives of the UAE Vision 2021, the significance of discovering the future emerges as an efficient tool in advancement preparation and to explore the fads of the following phase to make it possible for stakeholders to establish situations and alternatives to attain our national targets. He pointed out that the theme 'Overseeing the future due to new financial adjustments' is a significant action to concentrating efforts on this mechanism, which is among the most crucial methods directed by the wise management and represents among the structures of the work of the UAE federal government, which represents a long-lasting vision and comprehensive and expanded government work for future generations over the following 5 decades as it focuses on strengthening the reputation of the UAE globally.

His Excellency claimed that the strategies and positionings throughout the next stage come from the UAE's vision and its multi-pronged development policies. At the forefront is the adoption of the basic ideas of developing the future such as innovation, knowledge, technology, scientific research and the methods of the Fourth Industrial Transformation. These initiatives additionally cover the continual upgrading and advancement of legal and governing frameworks that relate to economic development, such as industry, tourist, SMEs, the growth of new markets like the Islamic economic situation and the launch of initiatives that promote innovation - specifically the seven sectors identified by the National Innovation Method, which cover Modern technology, Health, Education, Transportation, Renewable Resource, Water and Space, in addition to supporting the private sector and improving its payment as a key partner of the government while advancement, especially through CSR initiatives.

His Excellency Saif Mohammed Al Hajeri, Chairman of the Division of Economic Growth - Abu Dhabi, noted in his speech that the forum, which has actually been held throughout the emirates of Fujairah, Ras Al Khaimah, Umm al-Quwain, and this year in Ajman, reflects the commitment to go forward in achieving integration and cooperation with an aim to enhance the prestigious position of our country and drive the development process led by the UAE in response to the directives of the wise leadership represented by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, along with their Highnesses, the Rulers of the emirates and Members of the Supreme Council.

Al Hajeri added, "As the global economic climate is currently witnesses to a downturn in growth and sharp changes in oil rates, we are facing a challenge to develop new chances, increase financial diversification and lower dependancy on oil as a significant income to make sure lasting development and growth and increase well-being of the UAE culture. We look with confidence to the 4th Emirates Economic Planning Forum, which will be a perfect platform to highlight the UAE wise management's strategy to developing a varied economy based upon sustainability and competitiveness. The event focuses too on the theme 'Looking after the Future because of New Economic Changes' and mirrors our commitment to focus and utilize our potential to invest in the future in accordance with the goals of the UAE Vision 2021."

His Highness Sheikh Ahmed Bin Humaid Al-Nuaimi, Chairman of the Department of Economic Growth - Ajman kept in mind that the Fourth Emirates Economic Planning Forum is arranged by DED Ajman with the assistance from the UAE Ministry of Economic Climate and the Department of Economic Growth - Abu Dhabi. The occasion mirrors the usual rate of interest in boosting federal government integration and owning the ambitious financial advancement process led by the UAE making the nation's economy one of one of the most affordable economic climates worldwide. This year's edition makes every effort to equate the forum's slogan, Integration, planning and partnership - providing a critical platform to discover the future in the light of the new financial improvements and effective nationwide experiences in the field of economic preparation with an aim to make the UAE among one of the most innovative countries worldwide.

Al Nuaimi concluded, "The first day's session is anticipated to add to the forum's success, which is an extension of previous editions that were organized by Fujairah, Ras Al Khaimah and Umm al-Quwain. We are dedicated to support the purposes of the forum, concentrating on the improvement of financial preparation systems to keep pace with the quick modifications of the 21st century. This will be done within the structure of the effective strategic partnership between federal government entities to guarantee integrated economic strategies and construct a diversified, lasting and affordable economic climate that is versatile in adopting new economic designs conducive to development and sustainability, in line with the UAE Vision 2021. At the Division of Economic Growth Ajman, we are eager to share our experiences in financial planning with the other departments of financial advancement in the nation. We will certainly be likewise highlighting the competitive functions of Ajman, specifically in the field of financial growth. We are dedicated to supporting the joint efforts to apply the last recommendations in accordance with the enthusiastic aspirations to combine UAE's placement on the global economic map."

The opening session started with the national anthem of the UAE, followed by a special video discussion highlighting the financial advancement procedure in the UAE. The first working session talked about the subject, 'New Economic Transformations and Their Ramifications,' where Her Excellency Dr. Aisha Butti Bin Bishr-- Director General of the Smart Dubai Office discussed government purchases based upon Blockchain technology.

The second working session focused on Promoting economic growth and UAE competitiveness, which was tackled by Abdulla Nasser Lootah, Director General, Federal Competitiveness and Statistics Authority. He examined the country's concerns considering regional and global challenges. Meanwhile, H.E. Huda Al Hashemi, Executive Director, Mohammad Bin Rashid Centre for Government Innovation, highlighted the role of innovation in enhancing competitiveness based on the UAEs experience. Faisal Al Hammoudi, Director of Takamul, DED Abu Dhabi, shared key details about the Takamul Program, an initiative designed to encourage innovation in Abu Dhabi. The session concluded with a panel discussion led by Merza Hussain Hasan, CEO of World Bank.

The second day of the event will begin with two sessions. The initial session is entitled, The development planning process in Ajman and the second session will display 'UAE's strategies and programs targeted at attracting financial investments.' The 2nd day sessions are anticipated to be participated in by senior federal government numbers, key plan makers and authorities from numerous Departments of Economic Development and other government departments.