Ministry of Finance
The UAE Ministry of Finance (MoF) is responsible for implementing all fiscal, monetary and industrial policies related to the UAE’s economic development. Among its core responsibilities are the preparation and allocation of the Federal Budget and the management of the government’s financial position.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum is the UAE’s Minister of Finance, taking ultimate responsibility for the prosperity and progression of the UAE’s economic and financial interests and initiatives.
Our Vision: To be a global leader in the fiscal field and to contribute towards achieving the UAE Centennial Plan 2071.
Following Resolution No. 1 of 2016, the UAE Cabinet has approved the organisational structure of the Ministry of Finance (MoF). This reflects the leading role that MoF plays in the financial and economic sectors, as it strives to achieve the sustainability of federal financial resources, development plans, strengthening the UAE competitiveness, and global financial relations.
The Fiscal Policy Coordination Council was formed by the Honorable Council of Ministers Decree No. (39) Of 2008, and its membership consists of the Undersecretary of the Ministry of Finance, representatives of local governments in each emirate and a member from the Central Bank.
The Ministry of Finance has developed an ambitious but realistic strategy, targeted at centralising and providing the highest levels of service to its diverse range of valued customers. The Ministry has also taken into account the significant impact of regional and international changes in the financial and economic sphere, which has been considered in the development of the strategy. The plan was prepared and developed through the joint efforts of leaders, managers and officials within various departments and organisational units, while embracing key considerations during the development.
The Ministry of Finance (MoF) is committed to supporting the UAE’s wise leadership in all of its far-reaching initiatives that drive sustainable progress of the UAE economy. MoF creates innovative programs and projects that proactively contribute to government initiatives and the Ministry’s strategy. These enhance the significant role of positioning the UAE among the world’s most advanced and powerful economies. We are fully aware that achieving the sustainable development goals, spreading happiness, enhancing innovation, and improving the quality of life can only be achieved through establishing global government partnerships, and developing advanced financial technologies that make customers’ lives easier and contribute to the prosperity of all segments of society.
The Ministry of Finance (MoF) has achieved great success on its global leadership journey so far, receiving many prominent ISO certificates and local and global excellence awards. Click on the years mentioned below to view the awards and certificates received by the MoF in that particular year.
Advancing the UAE Real Estate Sector
Emirates Real Estate Corporation (EREC) is a UAE national organisation that aims to design and build properties that meet the real estate needs of the government. It provides full maintenance services according to the highest international standards and specifications to all its tenants, who include government entities ranging from ministries to federal authorities.