The UAE has announced the establishment of a new council which will be responsible for the planning and implementation of infrastructure and housing projects and catering to the Emirati housing needs over the next 20 years.
The announcement was made at a cabinet meeting, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, which approved the general budget for 2022- 2026, with federal spending of AED290 billion ($78.96 billion).
The cabinet also okayed the UAE General Budget for the year 2022, with AED58.931 billion expenditures.
On the new UAE Infrastructure and Housing Council, the cabinet said it will be headed by Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure with representatives from local governments as members.
The council is mandated to ensure integration and comprehensiveness in the planning and implementation of infrastructure and housing projects.
It is also tasked with developing a detailed study on housing needs over the next twenty years, the study should be presented to the cabinet within one month.
The meeting, held at the Expo 2020 Dubai premises, also approved the new government strategic approach that serves as a framework to lay the foundations of work for the next 50 years.
The largest share of the 2022 budget was allocated to the development and social benefits sector at 41.2%, out of them 16.3% for education, 6% for social development, 8.4% for health, 8.2% for pensions and 2.6% for other services.
Some 3.8% of the budget has been allocated to the infrastructure and financial resources sector.