Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum on Saturday issued eight principles which aim to guide the country for generations to come.
The principles also cover issues such as economic growth, the importance of the country’s private sector, tolerance, diversification and talent.
Below is the text of the eight defining principles of governance for Dubai:
1. The Union is the Foundation
Dubai is an integral part of the UAE and a pillar of the federation. The Emirate’s destiny is entwined with the UAE’s destiny, its well-being is vital to the UAE, and its people are ever-willing to sacrifice for the greater good of the country. The Union’s interest is above local interest, the Union’s laws transcend our laws and legislation, the Union’s policy is our policy, and the Union’s government priorities are our government’s priorities.
2. No One is Above the Law
Justice is the basis of a strong and proud nation and guarantees prosperity and stability. No one is above the law in Dubai, Starting with the ruling family. The law does not discriminate between citizens and residents, rich and poor, male and female, Muslims and non-Muslims. Justice delayed is justice denied. “Injustice anywhere is a threat to justice everywhere”. I renounce unfair practice or conduct of any person, and the ruling family shall likewise renounce any form of injustice as long as it governs the Emirate.
3. We are a Business Capital
The Government of Dubai aims to improve the lives of its people through strengthening its economy. Dubai does not invest or involve itself in politics and does not rely on politics to ensure its competitiveness. We extend a hand of friendship to all those who hold good intentions towards Dubai and the UAE. Dubai is a politically neutral business-friendly global hub that focuses on creating economic opportunities.
4. Three Factors Drive Growth
Dubai’s growth is driven by three factors: a credible, resilient and excellent government; an active, fair and open private sector; and public and government-owned flagship companies that compete globally and generate an income for the government, jobs for its citizens, and assets for future generations.
5. Our Society has a Unique Personality
Our society is a respectful and coherent one, bound by tolerance and openness. It distances itself from all forms of discrimination and biasness. It is a disciplined society, committed to its promises, timelines and covenants. We are modest about our successes, perseverant in dealing with challenges, charitable and generous in achieving the greater good, and open to everyone.
6. We Believe in Economic Diversification
Economic diversification has been the foundation of our unwritten constitution in Dubai since 1833. The changing times and the rapid developments make our commitment to this principle everlasting. Our new goal is to create at least a new economic sector every three years that will be productive, contribute to our GDP, and generate jobs.
7. A Land for Talent
Dubai has always relied on talented tradesmen, administrators, engineers, creatives, and dreamers for its success. The Emirate’s prominence, sustainability and competitiveness depend on its capacity to continue attracting skilled and talented people and nurturing the brightest minds to generate innovative ideas. We have to continually review and renew our policies and procedures to ensure our appeal to talented individuals. We must build the best environment in Dubai for the world’s leading minds.
8. We Care about Future Generations
The destiny of our future generations must not be affected by the fluctuations of regional politics and global economic cycles. We invest and create valuable assets for them. Our fundamental rule in this regard is that the government should, under all circumstances, own economic assets that are worth at least 20 times the value of its annual budget. We work towards maintaining a secure future, and we are focused today on ensuring the prosperity of our future generations.
Source Credit: Trade Arabia