The United Arab Emirates plans to launch 50 new economic initiatives to boost the country’s competitiveness and attract 550 billion dirhams ($150 billion) in foreign direct investment in the next nine years.

The projects include investing in technology and creating new visas to attract residents and skilled workers. Among the projects, the UAE and the Emirates Development Bank will invest 5 billion dirhams in industrial technology and technology-heavy sectors.

Source: UAE announces plans to boost economy, attract workers | Reuters

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