2020: Towards the next 50…

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As the sun set on 2019, visionary rulers of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces announced ‘2020: Towards the next 50’.

Without a doubt 2020 will go down in the annals of history as the year when the UAE pledged to script a transformative growth story that will culminate at its centennial in 2071; marking 100 years of its glorious existence. Being fearless and futuristic is the mainstay of the United Arab Emirates. Setting out on a successful 50 year long journey in an era where the future poses fierce economic and socio political challenges along with rapid global transformations is no mean feat. To this end, a robust national strategy and economic roadmap will be the bedrock of ‘2020: Towards the next 50’. Deploying, plans, projects, resources and policies as early as 2020 will set the pace for the nation to accomplish its larger than life goals over the next 50 years.

Over the last five decades the UAE has successfully built one of the most advanced service sectors in the region, streamlined an effective media system, created one of the most lucrative business environments in the world and continually progressed towards providing incubators for innovation. In a similar vein the next 50 years wield far more potential and promise for the economy as a whole. With Expo 2020 around the corner, the global spotlight will be on the UAE, as the nation will unveil one of the largest events that the world will ever witness.

From an economic standpoint, there exists a positive sentiment that 2020 will be a playing field for businesses across sectors to aim for unprecedented growth. Looking ahead, market forces are set to welcome the post oil era by laying solid foundations in innovation, science, services and modern technologies that will drive the nation towards unparalleled growth. The UAE is at a significant cusp of history as it will complete 50 years of scintillating success in December 2021, only to embark on an even more exhilarating journey over the next 50 years.

Drawing inspiration from the developmental journey of the UAE we signed off on an eventful three decade long journey and embraced 2020 with a new beginning at UHY International. We are positive that as the nation charts its growth story, businesses - irrespective of industries or sectors will move in one direction only - Onwards & Upwards. Backed by our global footprint of 300 offices across 100 countries and led by more than 851 partners from over 175 independent member firms, we at ‘UHY James Chartered Accountants’ are confident that we have a pivotal role to play in your growth story. All you need to do is place your trust in our Commitment & Capabilities.