Mohammed bin Rashid Opens ‘Oumolat Security Printing’

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum today said that the UAE will continue to build its economic capacity in line with the directives of UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan and the close follow up of Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces His Highness Sheikh Mohamed bin Zayed Al Nahyan.

His Highness further said that the UAE’s economic growth will be achieved through the clear strategy laid out in the UAE Vision 2021.

The UAE’s success, he said, has created a unique model for human development, as well as for building a sustainable and diverse economy and ensuring the happiness of all members of its society.

Sheikh Mohammed’s remarks came during the opening of ‘Oumolat Security Printing’, a banknote printing company that is the first of its kind in the region.

The facility is located in Khalifa Industrial Zone Abu Dhabi (KIZAD).

Sheikh Mohammed, accompanied by Deputy Prime Minister and Minister of Presidential Affairs H.H. Sheikh Mansour bin Zayed Al Nahyan, unveiled a commemorative plaque to mark the official inauguration of the facility, which specialises in printing banknotes. The facility is equipped with fully integrated state-of-the-art security and protection systems.

Sheikh Mohammed was briefed by the Governor of the UAE Central Bank Mubarak Rashed Al Mansoori about the facility’s production machinery featuring the latest technology.

Sheikh Mohammed received the first 1,000-dirham note printed by the company, which bears the number ‘1’, from H.H. Sheikh Mansour bin Zayed Al Nahyan.

Present during the visit were Minister of Cabinet Affairs and the Future Mohammad Abdullah Al Gergawi; Minister of State for Financial Affairs Obaid Humaid Al Tayer and a number of governors from regional central banks.

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