The UAE is preparing to host COP28 in November of this year, and the planning has already commenced. In anticipation of this significant global event, His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, has approved 78 environmental projects and initiatives to ensure readiness for the Conference.

These initiatives encompass various strategies to reduce carbon emissions and implement regulations related to solar energy products and sustainable tourism.

“Today, I chaired the Cabinet meeting at Qasr Al Watan, Abu Dhabi, where we adopted the reformation of the board of directors of the Emirates Investment Authority, chaired by my brother Sheikh Mansour bin Zayed Al Nahyan,” tweeted the Vice President.

ترأست اليوم اجتماعاً لمجلس الوزراء بقصر الوطن بأبوظبي اعتمدنا خلاله إعادة تشكيل مجلس إدارة جهاز الإمارات للاستثمار برئاسة أخي الشيخ منصور بن زايد آل نهيان .. الجهاز يدير إستثمارات وتنمية أصول الحكومة الاتحادية ويهدف لرفع دخل ميزانية الإتحاد من خلال هذه الاستثمارات ..

كما أقررنا… pic.twitter.com/oSQwyTh6tj

— HH Sheikh Mohammed (@HHShkMohd) May 24, 2023

During the UAE Cabinet meeting held on Wednesday, the UAE Service Export Development Agenda was approved. This agenda is designed to enhance the production and competitiveness of exports from the country in the global markets. It focuses on five key sectors: education, medical tourism, Islamic financial services, the creative economy, and financial services.

During the meeting, a new housing platform called DARAK was launched. This platform has a twofold aim: to offer distinctive housing options and to provide banking facilities during the construction phase, along with other related solutions.

In addition, the Cabinet approved a new model for higher education in the technology sector. This model is intended to bolster the role of colleges and universities in augmenting the workforce within the country. The implementation of this new model is scheduled to commence from the academic year 2023-24.