The UAE and Saudi Arabia announced on Wednesday a strategic partnership in 44 projects called “The Strategy of Revolve”.
The Strategy of Revolve was prepared within 12 months by 350 government officials from different fields, and it’s going to focus on several industries including economy, security, politics and military, food security, healthcare, banking sector. Not only that, but the UAE and Saudi Arabia are also setting up a joint venture for oil, gas, and petrochemicals, agriculture investment, renewable energy, and SMEs.
The announcement of this strategy came during the first meeting held with the Saudi-Emirati Coordination Council, Chaired by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His Royal Highness Prince Mohammed Bin Salman Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defence, Chairman of the Council for Economic Affairs and Development.
This causes a huge positive impact on aspiring entrepreneurs in the UAE and Saudi Arabia as it allows them to implement their ideas, have access to funds, accelerators and co-working spaces.
For more information about the partnership, read here.