DED launches Silver Jubilee celebrations

WAM -- The Department of Economic Development, DED, in Dubai along with its agencies, Dubai SME, Dubai Exports, and Dubai Investment Development Agency, Dubai FDI, has launched its Silver Jubilee celebrations after completing 25 years in regulating economic activity and supporting economic diversification and sustainable development in the Emirate.

The launch aims to enhance ease of business, ensuring commercial compliance and consumer rights protection, supporting entrepreneurship and small and medium enterprises, SMEs, promoting foreign trade and exports and attracting capital into knowledge-intensive and innovation-driven initiatives.

Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and The Future, said, " The economic boom in the UAE, and particularly in Dubai, embodies the leadership and directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and the remarkable vision of Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum.

"The future-oriented and proactive approach of Sheikh Mohammed bin Rashid and his readiness to explore opportunities overcome challenges and provide the necessary tools to achieve progress have been critical in positioning Dubai in the forefront as a city and a global economic hub.

"The directives of Sheikh Mohammed bin Rashid and his unique leadership and teamwork have created an integrated and innovative system in Dubai where everyone works together to consolidate the emirate’s reputation as a globally preferred destination for investment. It will lead to a prosperous and sustainable future in Dubai and make the emirate a premier hub for diverse economic activities and world-class services," he added.

Essa Kazim, Governor of the Dubai International Financial Centre and Chairman of the Dubai Financial Market, said, "I am proud of the achievements of the DED over the past 25 years, especially in achieving the aspirations of the Government of Dubai to support quality and excellence as well as the application of best practices across all sectors in the UAE, being one of the team members who worked on the initiative."

Mohammed Ali Alabbar, Chairman of Emaar Properties, said, "I congratulate the DED on celebrating its 25th anniversary and I am proud to be one of its founders along with a limited number of hard-working and committed individuals who adhered to the wise directives and vision of Sheikh Mohammed bin Rashid."

Sami Al Qamzi, Director-General of DED, commented, " Today we are celebrating the 25th anniversary of our mission to support economic diversification and enhance competitiveness across all levels in Dubai. We have made significant gains in this mission and launched varied initiatives that have enabled sustainable economic development built on a broad base of high-value-added economic activities."

Al Qamzi said the DED focuses on continuously developing the business environment to remain competitive in line with the world-class infrastructure in the emirate. "We are guided by the vision of Sheikh Mohammed bin Rashid, for Dubai to be the preferred place to live, work and visit as well as a smart and sustainable city and a pivotal hub of the global economy by 2021," he noted.