The ruler of Dubai says authorities hope to privatize some government services in the oil-rich country.

Sheikh Mohammed bin Rashid Al Maktoum, who also serves as the United Arab Emirates' prime minister, made the comments on Twitter Monday night after appearing at the World Government Summit being hosted in his city-state. He also announced that some government ministries would be merged.

The series of tweets sent out to coincide with the summit did not offer a timeframe for how the plans would be implemented.

The United Arab Emirates is a federation composed of seven autonomously ruled emirates. The ruler of Abu Dhabi, Sheikh Khalifa bin Zayed Al Nahyan, serves as the country's president.