Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, has underlined the emirate's plans to boost the quality of life of its citizens through a focus on housing, health care and education.
Sheikh Khaled set out a vision for the future while chairing the first meeting of the restructured Abu Dhabi Executive Council on Thursday.
The council approved an updated housing benefits policy for citizens, which will include providing ready-built homes for those on low-incomes, increasing the value of housing loans to help those in need and reducing waiting times for claimants.
“His Highness [Sheikh Khaled] highlighted that the Executive Council will ensure the continuity of the Abu Dhabi government's commitment to achieving the priorities and vision of President Sheikh Mohamed by further enhancing the quality of life for citizens and continuing to strengthen their security and stability through the key pillars of housing, education and health care,” said state news agency Wam in its report of the meeting, which was held at the Abu Dhabi Crown Prince Court.
The Abu Dhabi Crown Prince directed the development of a future-proof housing services framework, supported by the private sector, to drive up efficiency and improve access to services, said Wam.
He stressed the importance of structures being put in place to deliver suitable homes for citizen as soon as possible.
Sheikh Khaled has already taken significant steps to boost housing policies for Emiratis.
In April, he approved a Dh2.74 billion ($746 million) housing support scheme for Emiratis living in the capital.
Assistance for 1,800 citizens will be delivered under the directives of President Sheikh Mohamed.
Low-income retirees and families of deceased mortgage holders will not to be required to make housing loan repayments under the strategy. Housing loans will also be provided to eligible citizens.
On Tuesday, Sheikh Khaled approved a Dh85.4bn community master plan to build 76,000 homes and residential plots for citizens in the capital over the next five years.
The long-term investment will support efforts to develop integrated community housing and neighbourhoods across the emirate.
The major project will encompass community and recreational amenities, including the construction of a number of mosques, schools, public parks and green spaces.
Improving liveability
Sheikh Khaled was told of progress being made in the first phase of a Dh12 billion liveability strategy, which encompasses the development of community facilities in Abu Dhabi, Al Ain and Al Dhafra. These include pedestrian and bicycle paths, sports facilities, health clinics, mosques, public parks and green spaces.
He gave instructions for the next stage of the strategy, in line with wider efforts to establish sustainable neighbourhoods that promote healthy lifestyles and are in keeping with Emirati culture and traditions.
He also called for government services to be upgraded in order to provide better experiences for customers.
Sheikh Khaled emphasised the importance of empowering citizens and youth and ensuring they are given the platform to succeed.
He gave directives for the launch of more programmes aimed at allowing young people to unlock their potential in both the public and private sector and contribute to Abu Dhabi's economic growth.
Council restructure
President Sheikh Mohamed, in his capacity as Ruler of Abu Dhabi, in March issued an Emiri decree to restructure Abu Dhabi Executive Council with Sheikh Khaled as its chairman.
Members include Dr Ahmed Al Mazrouei, chairman of the Abu Dhabi Executive Office and the Strategic Affairs Council, and Khaldoon Al Mubarak, chairman of the Executive Affairs Authority and Strategic Affairs Council.
Also named as members were Jassem Al Zaabi, chairman of the Department of Finance and the Strategic Affairs Council, Dr Mugheer Al Khaili, chairman of the Department of Community Development, and Awaidha Al Marar, chairman of the Department of Energy.
Sheikh Khaled tours housing project - in pictures
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
Dubai World Cup factbox
Most wins by a trainer: Godolphin’s Saeed bin Suroor(9)
Most wins by a jockey: Jerry Bailey(4)
Most wins by an owner: Godolphin(9)
Most wins by a horse: Godolphin’s Thunder Snow(2)
What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
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BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
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Price: From Dh650,000
What is tokenisation?
Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets.
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
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- Power: 640hp
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UAE gold medallists:
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Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
Company%20Profile
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