The UAE government’s latest initiative to build a comprehensive plan for the next 50 years is expected boost business confidence in the country, analysts confirm.

In a series of tweets on Saturday, Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai made the announcement and said: “The UAE is approaching its fiftieth anniversary in 2021 and we want it to be the year of fresh-starts and new-beginnings. We will celebrate our country’s 50th anniversary and launch into another fifty. We will get ready for that in 2020. Next year will be the year of preparation for great strides”.

Two committees will be created to come up with a comprehensive 50-year development plan and oversee the Golden Jubilee celebrations.

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