1.Delegation reviewed Dubai’s business environment
2.DED shares its role in enhancing the growth of Dubai’s business sector
The Department of Economic Development (DED) presented an overview of Dubai’s economic growth, business best practices and experience in different economic sectors to a high-profile delegation from Bavaria, Germany, headed by Katja Hessel, Vice Minister in the Bavarian State of Economic Affairs, Infrastructure, Transport and Technology.Mr. Khalid Al Kassim, Deputy Director General for Planning and Development; Mr Ali Ibrahim, Deputy Director General for Excutive Affairs, and Dr Raed Safadi, Chief Economist, DED, received the delegation.
The DED presented a comprehensive review that focused on Dubai’s business opportunities and various aspects of doing business in Dubai and the UAE. The Bavarian delegation reviewed the procedures and regulations necessary for setting up businesses and the DED’s role in enhancing the growth of Dubai’s business sector.
“The UAE, in general, and the emirate of Dubai, in particular, have long-standing trade and economic relations with the Bavarian state and the visit of this delegation will go a long way towards strengthening it,†said Mr Khalid Al Kassim.
He stressed on the role of Dubai as the engine of growth and economic development in the Middle East region due to the initiatives it undertakes to consolidate its position as a financial and business hub. “One of the strategic objectives of DED is to provide a suitable environment for international investors and business people and encourage them to choose Dubai as an ideal destination for businesses. The department reviews procedures and systems to simplify the steps for doing business and provide suitable grounds for investment,†said Al Kassim.
“Dubai places emphasis on the growth of the private sector, which in turn contributes to the growth of the economy. The liberal economic policies adopted by the Government of Dubai plays a vital role in the growth of trade and attracting foreign investment to the emirate,†said Mr Ali Ibrahim.
The Bavarian delegation included representatives from specialized companies in the fields of machinery and manufacturing industry, infrastructure, architecture and environment preservation.
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
Tel: (971 4) 202 0315Â Â Â Â Â Â Â Â Â Â Â Â Email: n.alasaad@asdaa.com, n.marzouki@asdaa.com
Email: amaglieri@dubaided.gov.ae
