The launch of Dubai Retiree Projects Support Program represents a forward-thinking approach to retirement management, emphasizing empowerment, inclusion, and economic resilience. Dubai, known for its progressive policies and initiatives, has recently introduced the program under the Dubai Social Agenda 33, highlighting the Emirate’s commitment to retirees’ well-being and continued contributions.
The initiative provides a range of benefits designed to empower retired individuals and encourage them to remain active participants in Dubai’s Economic and Social landscape. Key features of the program include:
- Financial incentives for pursuing future projects.
- A five-year exemption from service fees.
- Priority consideration for government projects.
One of the standout aspects of the program is the establishment of a comprehensive database by the Dubai Police General Command to monitor the expertise and skills of retirees, facilitating connections with opportunities in the private sector. This strategic move recognizes the wealth of experience retired individuals hold and seeks to harness their talents to benefit Dubai’s development.
General Abdullah Al Marri, Commander in chief of Dubai Police and member of the Higher Committee for Development and Citizens Affairs, emphasized the program’s significance in enhancing retirees’ financial security while enabling them to make meaningful contributions to Dubai’s progress. He highlighted the respect and value accorded to retirees, acknowledging their substantial influence within the business community.
Retired citizens support the program, citing its potential to provide much-needed assistance and guidance in pursuing entrepreneurial ventures. A former government worker, emphasized the importance of supporting retirees, whose fixed retirement salaries often do not keep pace with inflation. The program allows retired individuals to supplement their income and manage increased living expenses more effectively.
Another government employee, who recently retired, emphasized integrating retirees’ experiences and perspectives into various sectors. He highlighted the UAE’s tradition of supporting its citizens across generations. He underscored the importance of knowledge sharing between retired individuals and young adults, recognizing the unique insights that each generation brings to the table.
Another retiree, stressed the program’s significance in providing retirees with opportunities aligned with their skills and interests. He also emphasized the importance of sharing knowledge and expertise, underscoring the collective benefit of such endeavors.
Financial expert Sadia El Mubarak lauded the program’s potential to stimulate economic growth by encouraging retired individuals to engage in small and medium sized enterprise (SME) projects. She highlighted the financial stability provided by the program, mainly through exemptions from service fees, which can alleviate the financial burden associated with starting a business.
The program comes as UAE has implemented measures to enhance retirement contributions for new Emirati employees, reflecting a broader commitment to optimizing the nation’s workforce and promoting long-term financial security.
