DUBAI, Sept 5 (Reuters) – The United Arab Emirates plans to launch 50 new projects to boost the country’s economic competitiveness, Economy Minister Abdulla bin Touq said on Sunday.
The Gulf state has launched several measures over the past year to attract investment and help the economy recover from the effects of the COVID-19 pandemic.
Among the projects, the UAE and the Emirates Development Bank will invest 5 billion dirhams ($1.36 billion) in digital technologies, Minister of Industry and Advanced Technology Sultan al Jaber said at a media briefing on Sunday.
($1 = 3.6728 UAE dirham)
Reporting by Lisa Barrington
Editing by David Goodman
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