Dubai is home to 240,000 millionaires, says Sheikh Saif at WGS

Lieutenant General Sheikh Saif Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, announced that Dubai is home to 240,000 millionaires, collectively possessing a wealth surpassing $785 billion.

Speaking at the World Government Summit (WGS), Sheikh Saif highlighted that, with divine blessings and the foresight of its wise leadership, the UAE has successfully established its artificial intelligence infrastructure. This achievement spans all five foundational pillars: clean energy, chips, infrastructure, models, and applications.

Sheikh Saif also highlighted that the resilience and prosperity of nations in the modern era rest on achieving a strategic balance between technological and industrial progress and the preservation of social and moral values, which serve as vital foundations for stable societies. He emphasized that the UAE holds a leading global position as the most diversified and balanced country in the region when it comes to energy.

Reassuring the nation, he conveyed that families, faith, industries, and financial security are safeguarded within the enduring strength of the UAE.

He underscored that strong family bonds and high moral standards are fundamental pillars for nurturing a robust society and ensuring wise, sustainable development.

He further stated that a truly wise nation invests in industrial advancement to bolster its capabilities and safeguard itself, while steadfastly upholding moral values to remain resilient in the face of challenges.

Speaking at the World Government Summit, Sheikh Saif expressed deep admiration for His Highness Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE, describing him as a knight who leads with wisdom and courage, guiding the great Emirati family—an unyielding stronghold for the nation.

He also extended gratitude to His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, acknowledging his teachings on generosity, positivity, and profound love for the homeland.