Umm Al Qaiwain inks deals to support Sustainable Blue Economy Strategy

By Shilpa Annie Joseph, Desk Reporter
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Umm Al Qaiwain
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Sheikh Majid bin Saud bin Rashid Al Mu’alla, Head of the Department of Tourism and Antiquities in Umm Al Qaiwain has signed a series of agreements to improve cooperation and partnership to achieve the emirate’s Sustainable Blue Economy Strategy.

The initiative, launched by HH Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al Qaiwain, intends to enhance investment attractiveness while developing the natural, cultural and human wealth of the emirate.

Sheikh Majid said, “The Umm Al Qaiwain strategy for a sustainable blue economy adopts a partnership approach and enhances cooperation with all partners in the public and private sectors, contributing to accelerating the pace of achievement and achieving the desired goals in all developmental, economic and social paths.”

Mr. Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs and Chairman of the Emirates Nature Association noted that, “Nature is not only the greatest source of all the resources we need for life, but it is the most important ally in our fight against the climate crisis. We can maintain our way of life better and at the same time combat climate change by protecting, restoring, and sustainably managing coastal blue carbon ecosystems, which contribute significantly to supporting the national efforts to alleviate climate change.”

“Umm Al Qaiwain’s Sustainable Blue Economy Strategy 2031 is a pioneering initiative and will play a major role in supporting the country’s efforts to move to a more diversified, flexible, and economic model capable of meeting the requirements of sustainable development,” commented Mr. Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the CSR UAE Fund’s Board of Trustees.

Mr. Al Marri pointed out that the private sector is a significant partner in supporting the country’s efforts to transform towards sustainable growth and present a role model in adopting and enhancing social responsibility practices and working according to responsible investment concepts.

Related: EDB contributes $520mn to UAE’s GDP, finances 1350 SMEs in 2021


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