Dubai’s Financial Audit Authority (FAA) has unveiled its Strategic Plan for 2025-2028 to enhance financial oversight and transparency across government operations. The plan, approved by HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and FAA Chairman, outlines four primary goals and 15 strategic objectives, supported by 32 performance indicators to monitor progress.
The strategy focuses on independent decision-making, service excellence, innovation in financial oversight, professionalism, and transparency in financial management. It emphasises stakeholder compliance with legislation, robust risk and compliance management and the development of sustainable partnerships to enhance accountability and governance. Additionally, the plan seeks to leverage advanced technology and artificial intelligence to improve auditing processes and operational efficiency.
Sheikh Maktoum stated, “The Strategic Plan 2025-2028 demonstrates efforts to enhance government performance by strengthening financial oversight and ensuring transparency across all government operations.” He also highlighted the plan’s alignment with Dubai’s growth trajectory and the evolving global economic landscape, emphasising the commitment to adopting cutting-edge technological and regulatory systems.
Abdulrahman Al Harib, FAA Director-General, noted that the plan reaffirms the authority’s dedication to optimising public resources and enhancing confidence in Dubai’s financial systems. He emphasised adopting efficient control mechanisms powered by modern technology and AI to support sustainable growth and governance excellence.
This strategic initiative aligns with Dubai’s broader financial governance efforts, including the recent approval of the Dubai Government’s General Budget Cycle for 2025-2027, which outlines a total expenditure of Dh272 billion and revenue of Dh302 billion. The budget focuses on sustainable economic growth and enhancing community well-being.
The FAA’s plan also complements the Dubai Financial Services Authority’s (DFSA) 2025-2026 Business Plan, which aims to advance regulatory excellence, drive innovation, and foster sustainable growth within the Dubai International Financial Centre (DIFC). The DFSA’s strategy emphasises a risk-based regulatory approach, technological adaptation, and alignment with international standards.
Through these coordinated efforts, Dubai seeks to reinforce its position as a global leader in governance, financial integrity, and economic development.
