His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, led a meeting to review the Ministry of Finance’s achievements in 2024 and outline plans for 2025. The meeting emphasized the Ministry’s pivotal role in driving financial sustainability and supporting the UAE’s strategic goals, such as the ‘We The UAE 2031’ vision and the UAE Centennial 2071 plan.

Highlighting the Ministry’s successes, Sheikh Maktoum noted that 2024 marked the approval of the largest federal budget in the UAE’s history, enabling significant development projects aimed at improving citizens’ quality of life and advancing national infrastructure. The Ministry also implemented innovative financing initiatives, including the Government Treasury Bonds Programme and a local Treasury-Sukuk Programme, which boosted financial liquidity, attracted investments, and strengthened capital markets.

Transformational projects were another key focus for 2024. The Ministry introduced advanced technologies like AI to streamline financial transactions and central reconciliation processes. Automation and governance improvements reduced bureaucracy and enhanced transparency, positively impacting the country’s business environment. These efforts also reinforced the UAE’s sovereign credit ratings with agencies such as Fitch and Moody’s, maintaining the nation’s status as a stable investment destination.

In terms of legislation, the Ministry rolled out new financial laws, tax policies, and governance frameworks. These initiatives integrated the tax system with financial regulations, enhanced transparency, and reinforced the UAE’s reputation as a global economic hub. On the international stage, the Ministry actively participated in major forums such as the G20 and BRICS, strengthening the UAE’s role in shaping global financial policies.

Looking ahead, the Ministry’s 2025 plan prioritizes innovation in financial tools, governance systems, and sustainable growth initiatives. Sheikh Maktoum emphasized that these efforts aim to solidify the UAE’s position as a leader in financial management and a global hub for investment and innovation, while ensuring social welfare and economic stability.