The UAE is as soon as once more proving to the world that its doorways will stay open to international companies regardless of the pandemic scare that led to cancellation and or postponement of a number of occasions all over the world.
The nation is at the moment internet hosting three main occasions such because the Worldwide Defence Exhibition 2021 (IDEX), Gulfood 2021 and The Louvre Abu Dhabi’s first worldwide exhibition of the yr, Abstraction and Calligraphy — In direction of a Common Language.
Proper from the outset of the COVID-19 disaster, the UAE authorities have been satisfied that it’s not worry, reasonably, braveness, fortitude and a powerful dedication to public security that ought to information the nation by way of this unprecedented cataclysm.
Practically, a yr into the pandemic, the UAE has been largely profitable in addressing considerations associated to public well being and financial restoration. The speedy fiscal and financial coverage assist measures from the federal government and the Central Financial institution of UAE (CBUAE) have been instrumental within the resilience of the economic system and the banking system.
Whereas the large financial assist such because the Dh256 billion Focused Financial Assist Scheme (TESS) from the CBUAE has been instrumental in holding the banking system abundantly liquid, the transfer saved the personal sector solvent within the face of a large international financial stoop.
Fiscal assist from each federal and native governments within the type of varied charge waivers, moratoriums and lease reductions got here as enormous reduction to companies.
Give attention to well being and security
Whereas supporting the economic system and the livelihoods of individuals amid the disaster, the authorities by no means misplaced their give attention to public well being and security. The gradual reopening of the economic system within the second half of the yr was backed by rigorous testing, sanitisation and public consciousness.
The nation has been profitable in limiting the well being impression of the COVID-19 on account of its comparatively younger inhabitants and a variety of efficient containment measures, which have mitigated the unfold of the virus and the variety of deaths.
The UAE’s coronavirus vaccination is the world’s second quickest after Israel. The goal is to immunise greater than half of the residents by March and 90 per cent by June.
The massive international participation in all three occasions this week clearly is a vote of confidence within the UAE’s battle towards the pandemic. The IDEX 2021 has participation from greater than 900 exhibitors from 59 nations with greater than 70,000 native and worldwide guests. Equally, the Gulfood 2021 has the participation of two,500 firms from 85 nations.
The UAE’s observe report in efficient containment of the unfold of COVID-19 and the speedy vaccinations are positive to replicate in enterprise confidence and financial restoration within the quick to medium time period. Clearly, the world has taken word of the nation’s dedication to public well being whereas holding its economic system open for enterprise.