The fast-changing skylines of the UAE's cities show how quickly the country is developing. Reuters
The fast-changing skylines of the UAE's cities show how quickly the country is developing. Reuters
The fast-changing skylines of the UAE's cities show how quickly the country is developing. Reuters
The fast-changing skylines of the UAE's cities show how quickly the country is developing. Reuters


A new ten-year plan for the UAE


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  • Arabic

November 24, 2022

A lot can happen during 10 years in the UAE. Since 2012, the country’s population has grown by 700,000 people, consolidated its reputation as a global hub for business, energy and logistics and convened major international gatherings such as Dubai Expo 2020.

On Tuesday, Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, gave the world an idea about what the next decade will include, during an annual two-day government meeting of the nation’s most senior officials that set out a new 10-year strategy. It is being called We The UAE 2031.

Key priorities outlined by Sheikh Mohammed include generating more jobs, protecting the environment and creating a more digital, efficient society. Of particular importance are the future of education, legal reform and a strong economy.

The rise of a sophisticated education sector is one of the country’s most remarkable feats over the past 50 years. It is also strategically crucial for the future. With a constant need for talented workers to harness the country’s vast economic potential, institutions, from early years to advanced studies, are vital.

  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, outlined the government's vision for the next decade, with the future of education, legal reform and a strong economy all key components. Photo: Wam
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, outlined the government's vision for the next decade, with the future of education, legal reform and a strong economy all key components. Photo: Wam
  • The two-day government meeting includes more than 500 senior officials. Photo: UAE Government Media Office
    The two-day government meeting includes more than 500 senior officials. Photo: UAE Government Media Office
  • Dr Anwar Gargash, diplomatic adviser to the President, said the foundation of the UAE’s foreign policy is to call on others for dialogue to resolve disputes and enhance peace and stability in the world. Photo: UAE Government Media Office
    Dr Anwar Gargash, diplomatic adviser to the President, said the foundation of the UAE’s foreign policy is to call on others for dialogue to resolve disputes and enhance peace and stability in the world. Photo: UAE Government Media Office
  • On the economy, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, said the future meant a 'comprehensive Emirati industrial movement led by vital development sectors'. Photo: Wam
    On the economy, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, said the future meant a 'comprehensive Emirati industrial movement led by vital development sectors'. Photo: Wam
  • On legal reform, Maryam Al Hammadi, Secretary General of the UAE Cabinet, said there would be a 'new vision for the legislative process', which follows already significant reform in recent years. Photo: UAE Government Media Office
    On legal reform, Maryam Al Hammadi, Secretary General of the UAE Cabinet, said there would be a 'new vision for the legislative process', which follows already significant reform in recent years. Photo: UAE Government Media Office
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, signs a charter for the national plan that represents its most important features. Photo: Wam
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, signs a charter for the national plan that represents its most important features. Photo: Wam
  • Among the targets for We The UAE 2031 are to double gross domestic product from Dh1.49 trillion to Dh3 trillion. It also sets out to double the number of tourists to 40 million, contributing Dh450 billion to GDP. Photo: Wam
    Among the targets for We The UAE 2031 are to double gross domestic product from Dh1.49 trillion to Dh3 trillion. It also sets out to double the number of tourists to 40 million, contributing Dh450 billion to GDP. Photo: Wam
  • Generating public sector jobs, hosting the Cop28 climate summit in November 2023, developing economic partnerships and pursuing a digital future are also major goals. Photo: Wam
    Generating public sector jobs, hosting the Cop28 climate summit in November 2023, developing economic partnerships and pursuing a digital future are also major goals. Photo: Wam
  • We The UAE 2031 includes growing the industrial sector to Dh300 billion, which will include an advanced industry sector worth Dh70 billion. Photo: Wam
    We The UAE 2031 includes growing the industrial sector to Dh300 billion, which will include an advanced industry sector worth Dh70 billion. Photo: Wam

Schools have also proved to be key building blocks for the UAE’s tolerant, diverse society. A recent report by Dubai’s Knowledge and Human Development Authority showed that 60 per cent of Emiratis go to American-curriculum schools. In terms of all students, the Indian system is the second-most popular overall, after the British curriculum. Ten per cent of the emirate’s teachers are Egyptian. Very few countries can boast such a diverse education sector. However, the teaching of the Arabic language, UAE identity and culture are also crucial for a robust education sector.

On the subject of legal reform as part of We The UAE 2031, Maryam Al Hammadi, secretary general of the Cabinet, explained that there was a "new vision for the legislative process". This follows a series of other major legal reforms in recent years. In November 2021, for example, the government outlined a series of historic changes that included measures to allow investors and entrepreneurs to establish and own onshore companies in almost all sectors, as well as new regulations to increase protection for domestic workers.

On the economy, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, said the new 2031 strategy would include a "comprehensive Emirati industrial movement led by vital development sectors", which would grow the industrial sector to Dh300 billion, in line with Operation 300bn, an industrial strategy released last March that, alongside other reforms, allows for 100 per cent foreign ownership of projects. We The UAE 2031 also aims to double the gross domestic product from Dh1.49 trillion to Dh3tn.

But 2031 was not the only date on the minds of UAE officials at the meeting. In his keynote address, Mohammed Al Gergawi, Minister of Cabinet Affairs, spoke about how this update was a step in the longer journey towards the Emirates’ centennial 2071 plan.

This decades-long process will be driven by concrete actions such as those that are seen in We The UAE 2031, but, according to Mr Al Gergawi, a “new culture in government based on flexibility, proactive, integration and realism at the federal and local levels", and a “positive role maintaining peace and stability”, will also be crucial.

No one can fully predict where the future will take us, or the external factors that will come into play. But since its foundation in 1971, the country has shown that it is capable of setting and sticking to ambitious development plans. That is why the Emirates stands in good stead as it prepares for the next 10 years, and, many more decades ahead.

The 10 Questions
  • Is there a God?
  • How did it all begin?
  • What is inside a black hole?
  • Can we predict the future?
  • Is time travel possible?
  • Will we survive on Earth?
  • Is there other intelligent life in the universe?
  • Should we colonise space?
  • Will artificial intelligence outsmart us?
  • How do we shape the future?
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if you go

The flights

Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes. 

The hotels

Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes. 

When to visit

March-May and September-November

Visas

Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

RESULT

Los Angeles Galaxy 2 Manchester United 5

Galaxy: Dos Santos (79', 88')
United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Spider-Man%202
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In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

The specs: 2018 Infiniti QX80

Price: base / as tested: Dh335,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 400hp @ 5,800rpm

Torque: 560Nm @ 4,000rpm

Fuel economy, combined: 12.1L / 100km

Updated: November 24, 2022, 3:00 AM