1. Foreign Investments Office, Dubai Shopping Festival, Dubai Export Development Corporation and Sheikh Mohammed Establishment under DED
2. Al Qamzi: The Executive Committee will play a key role in strengthening the economic growth of Dubai
His Excellency Mr Sami Al Qamzi, Director General of the Dubai Department of Economic Development (DED), has chaired the first meeting of the DED’s Executive Committee, formed as per administrative Decree No 159 for year 2008, to discuss its mandate and future plans.
The Executive Committee will be headed by the Director General of DED, and will include the two Deputy Director Generals of DED, the four Chief Executive Officers of the Foreign Investment Office, Dubai Shopping Festival, Dubai Export Development Corporation and Sheikh Mohammed Establishment for Young Business Leaders; the DED’s Chief Economist and Chief Strategy Officer.
Mr Al Qamzi said the Executive Committee will play a key role in strengthening the economic growth of Dubai. “The consolidation of four key agencies under the umbrella of DED marks the evolution of a strong, centralised organisation that will play an instrumental role in shaping the growth dynamic of the Emirate. The Executive Committee, in its first meeting, discussed action plans and the way forward to undertake a diverse array of activities and effectively co-ordinate the work of all agencies involved.â€
The Executive Committee will focus on seven key areas including: Co-ordinate and achieve the strategic objectives of the DED and the agencies under it; identify the various challenges faced by the economy; prioritise policies through the participation of all agencies concerned; roll out various growth initiatives by specifying action and resources; develop the skills of employees through continuous training and development; formulate guidelines that are to be followed by all agencies; and discuss the various topics suggested by the members of the Committee.
About Department of Economic Development (DED)
The Department of Economic Development (DED) was established in March 1992, with the objective to organise, regulate and boost trade and industry within the Emirate of Dubai. The DED has moulded its mission of building a futuristic establishment, in accordance with the vision of the Government of Dubai and in the light of globalisation and the requirements of a digital economy. One of its key functions is to encourage local and foreign investments in commercial and industrial projects, and create the appropriate environment for investors.
The DED’s other functions comprise a wide range of regulatory activities including the preparation and maintenance of a commercial register and the supervision of all organisations. The DED is responsible for regulating the affairs of commercial agents and brokers and commercial advertising offices, in addition to overseeing and controlling the insurance industry in the Emirate. Examining the participation of the government in the private sector and representing the government in companies where it has a stake, also comes under the purview of the DED.
For further information, please contact:
Angela Maglieri            Nedal Alasaad/Nafisa Marzouki
Chief Communications Officer      ASDA’A Burson-Marsteller
Department of Economic Development    Tel: (971 4) 3344550
Email: n.alasaad@asdaa.com, n.marzouki@asdaa.com
Email: amaglieri@dubaided.gov.ae
