Sheikh Mohammed approves 78 environmental initiatives ahead of COP28

It includes national strategies to reduce carbon and regulate the use of solar energy products, sustainable tourism and other initiatives

by Gulf Business

May 24, 2023

Image Credit: Social

Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai has approved 78 environmental projects and initiatives implemented by the UAE in preparation for hosting COP28.

This includes national strategies to reduce carbon and regulate the use of solar energy products, sustainable tourism and other initiatives that support sustainable and environment-friendly development.

“Today, I chaired the Cabinet meeting at Qasr Al Watan, Abu Dhabi, where we adopted the reformation of the board of directors of the Emirates Investment Authority, chaired by my brother Sheikh Mansour bin Zayed Al Nahyan,” tweeted Sheikh Mohammed.

During the meeting, the UAE Cabinet also approved the UAE Service Export Development Agenda, which aims at raising production as well as increasing the competitiveness of Emirati exports in the international markets.

The agenda will focus on five main sectors, including education, medical tourism; Islamic financial services, creative economy and financial services, through focusing on the best markets in the world.

Sheikh Mohammed added, “Today, we also approved the launching of DARAK, the new housing platform that provides citizens with solutions, and exclusive offers and banking facilities at all stages of construction.”

ترأست اليوم اجتماعاً لمجلس الوزراء بقصر الوطن بأبوظبي اعتمدنا خلاله إعادة تشكيل مجلس إدارة جهاز الإمارات للاستثمار برئاسة أخي الشيخ منصور بن زايد آل نهيان .. الجهاز يدير إستثمارات وتنمية أصول الحكومة الاتحادية ويهدف لرفع دخل ميزانية الإتحاد من خلال هذه الاستثمارات ..

كما أقررنا… pic.twitter.com/oSQwyTh6tj

— HH Sheikh Mohammed (@HHShkMohd) May 24, 2023

During the meeting, the Cabinet adopted the reformation of the board of directors of the Emirates Investment Authority (EIA), chaired by Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of Presidential Court.

The Cabinet reviewed the policies of developing the Emirati exports, through opening up to new global markets. The non-oil foreign trade reached unprecedented records as it crossed the Dhs2tn mark for the first time in history and totaled Dhs2.233tn in 2022, with a 17 per cent growth from that of 2021.

Furthermore, it approved the new educational model for the Higher Colleges of Technology, which will come into effect at the beginning of the academic year 2023/2024.

The new model aims at enhancing the contribution of Higher Colleges of Technology to leading an effective role within the workforce development system in the country.

The meeting reviewed a series of reports and achievements for the year 2022, in addition to approving a number of international agreements with friendly countries, including the Kyrgyz Republic and the Government of the Commonwealth of Dominica.

Also, the meeting approved an agreement with the Islamic Development Bank regarding the establishment of the bank’s regional headquarter in the UAE, and the establishment of the UAE embassy in the Republic of Guinea in the city of Bissau, as well as the UAE’s candidacy for membership in the Executive Board of the United Nations Human Settlements Programme.