The Department of Economic Development (DED) and International Enterprise Singapore (IE Singapore) organised a special forum for over 100 entrepreneurs, some based in Dubai and others from Singapore, to evaluate investment opportunities in Dubai.
The forum aimed at strengthening bilateral relations to attract more investments, evaluating emirate’s experience in the different economic sectors and expanding the scope of businesses in Dubai.
DED’s representatives provided an overview of Dubai’s economy including opportunities and challenges and DED’s activities in the field of development planning. DED also gave an overview on strategy development in the areas of economic policy, foreign investment, exports and business registration.
Addressing the forum, His Excellency Mr Sami Al Qamzi, Director General, DED, said: “This provides an ideal platform for Singaporean entrepreneurs to evaluate potential growth opportunities in Dubai and be part of our success story.â€
Mr Al Qamzi highlighted the key role played by Dubai as the economic hub of the Middle East and said the Emirate’s dynamic economic environment encourages investors to choose it as a preferred destination for businesses. He explained: “One of the strategic objectives of DED is to provide a suitable environment for international investors and entrepreneurs, and to encourage them to choose Dubai as an ideal destination for businesses.â€
“Dubai’s economic gains are the result of the emirate’s adherence to the principles of free market economy, with the private sector playing a major role contributing to building the national economy and encouraging local and foreign investment,†added Al Qamzi.
“IE Singapore, the Commercial arm of the Singapore Consulate General in Dubai, is honored to partner with DED for this special briefing session. Over 45 Singapore companies that are already operating in Dubai were present to understand the economic landscape of Dubai and upcoming changes to the business license procedures,†said H.E Dileep Nair, Consul General of the Singapore Consulate General in Dubai.
The Singaporean enterprises expressed their keenness to communicate with all governmental and private organisations to build partnerships so as to evaluate more investment opportunities in the emirate.
About Department of Economic Development (DED):
The Department of Economic Development (DED) is the government body entrusted to set and drive the economic agenda of the emirate of Dubai, UAE. DED supports the structural transformation of Dubai into a diversified, innovative service-based economy that aims to improve the business environment and accelerate productivity growth.
DED and its agencies develop economic plans and policies, identify and support the growth of strategic sectors, and provide services to domestic and international investors and businesses.
About International Enterprise (IE) Singapore:
International Enterprise (IE) Singapore is the lead agency under the Ministry of Trade and Industry spearheading the development of Singapore’s external economic wing.
