Sheikh Maktoum Approves FAA’s Strategic Plan 2025-2028 to Strengthen Financial Oversight

UAE, 25 February, 2025 : H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the Financial Audit Authority (FAA), has approved the authority’s strategic plan for 2025-2028.

The plan aligns with Dubai’s vision to enhance transparency, financial integrity, and innovation across government entities. Sheikh Maktoum emphasized that the strategy reflects the directives of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, to strengthen financial oversight, ensure accountability, and safeguard public funds.

The FAA’s strategy focuses on improving government performance through transparency and compliance while leveraging cutting-edge technology and AI-driven auditing tools. It aims to reinforce Dubai’s position as a global leader in governance and financial management.

Built on core values such as independent decision-making, service excellence, and innovation, the plan is structured around four main goals and 15 strategic objectives. It includes 32 performance indicators to monitor progress and enhance oversight efficiency.

Key priorities include strengthening risk management, ensuring regulatory compliance, and enhancing governance through effective investigations. The plan also promotes collaboration, stakeholder trust, and ethical financial management.

Additionally, the FAA will focus on workforce development by attracting top talent, fostering continuous learning, and implementing AI-driven auditing techniques. Employee well-being will be prioritized through cultural, health, and wellness programs.

The strategic plan integrates advanced technology to streamline auditing processes, ensure cybersecurity compliance, and maintain seamless business continuity. An integrated digital transition framework will support operational efficiency.

Abdulrahman Al Harib, FAA Director-General, highlighted the plan’s role in enhancing governance and financial oversight. He stated that the strategy reinforces confidence in Dubai’s financial systems by adopting modern control mechanisms, supporting sustainable growth, and driving excellence in public resource management.