Sheikh Mohammed bin Rashid discusses UAE's Projects of the 50 at Cabinet meeting

The Prime Minister said the Emirates had established a council to bolster the country's economy and wider society

Sheikh Mohammed bin Rashid, Vice President, Prime Minister and Ruler of Dubai, chairs the Cabinet meeting. All pictures courtesy of Sheikh Mohammed bin Rashid Twitter

Sheikh Mohammed bin Rashid discussed the UAE's ambitious Projects of the 50 plans during the meeting in Abu Dhabi

Sheikh Mohammed bin Rashid outlined plans to cement the UAE's status as a global hub for science and technology

Sheikh Mohammed bin Rashid chaired a meeting of the UAE Cabinet on Monday

Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, said the UAE's Projects of the 50 will act as a roadmap for a new era of political, economic and social development.

While chairing a meeting of the Cabinet at Qasr Al Watan in Abu Dhabi, Sheikh Mohammed called on ministries and federal institutions to throw their support behind the ambitious master plan to accelerate growth in the decades to come.

The cabinet approved the Principles of the 50 to act as guidelines for all UAE’s institutions and called on government bodies to adopt and implement the ten principles, which help lay out a grand vision to continue the nation's remarkable development in its first fifty years for the next half century to come.

"At the start [of the meeting] we directed all ministries and federal institutions to abide by the principles of the 50, which were issued by the President of the country. These principles are a road map and strategic path for all work teams in the country," Sheikh Mohammed wrote on Twitter.

Sheikh Mohammed said the Cabinet had examined the action plan for a new Dh24 billion ($6.53bn) strategy to bring 75,000 Emiratis into the private sector.

"The goal is to launch programmes to implement this in the coming period," Sheikh Mohammed said.

He spoke about the government's vision to develop a national knowledge system that will help drive the country forward.

Sheikh Mohammed, also Vice President, said the Emirates had established a new council led by Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, to bolster the country's economy and wider society.

"We adopted a policy of governance, research and development and established a council led by my brother, Abdullah bin Zayed, with the goal of having a national knowledge system that supports our economy and society," Sheikh Mohammed said.

"It enhances our country's position as a global centre for science, technology, research and development."

The cabinet also approved amending the federal law on anti-money laundering and combating the financing of terrorism and the financing of illegal organisations.

The meeting also saw the approval of the Youth Empowerment Policy to foster practices that equip and support young people across the federal government.