UAE hosts World Bank meeting on Doing Business report

The UAE will host the World Bank's regional meeting of the Technical Working Group on Doing Business in Dubai in December, the Ministry of Finance announced yesterday. The meeting will be held under the patronage of HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, and organized by the Executive Team to report the ease of doing business in the UAE, in coordination with the team of the Ministry of Finance.

His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, said: “The World Bank's selection of the UAE to host the meeting of the Technical Working Group for Regional Partners in the Middle East is a new testament to the UAE's global leadership, readiness and leadership, and in all economic aspects. And financial and legislative, to be an incubator for this important meeting, and discuss mechanisms to develop the investment environment in the countries of the Middle East ».

His Highness added: “The efforts made by the local federal authorities in the UAE - through its membership in the executive team of the Ease of Doing Business report - have resulted in the successful organization of the World Bank and highlighting the UAE's excellence and leadership in all fields, thus maintaining its position as an investment destination. A pioneer, attracting investors from all local, regional and international levels. ”

His Highness continued: “All our government agencies and institutions have worked towards one goal, which is to raise the status of the state and strengthen its business structure through the development and implementation of innovative plans and initiatives, the formulation and implementation of sound financial and economic policies, and the strengthening of constructive cooperation frameworks at all local and federal levels. To ensure the implementation of plans in the best way, and implementation of reforms to facilitate business, and highlight the results of outstanding performance, which resulted in the rise of the UAE ranking to 11th globally, and ahead of all the Arab countries covered in the report, to occupy in 2018 the first place Arab for the sixth consecutive year, and also in the list of the top 10 in the world in five out of 10 themes ».

For his part, Minister of State for Financial Affairs, Obaid Humaid Al Tayer, said: “The UAE's hosting of the World Bank meeting reflects the country's global and regional aspirations in building competencies and exchanging expertise in the field of developing business practices. Leading global rankings for many years ».

He added: “The World Bank's selection of the UAE to host this important event confirms the strategic relationship enjoyed by the state institutions with the World Bank teams, which commends the serious steps taken by the UAE to create an attractive business environment for investors locally, regionally and internationally.”

Regional Meeting

The Doing Business Regional Meeting is a high-level gathering of experts, convened by the Doing Business team at the World Bank in Washington, to bring together relevant partners in the region from government agencies and relevant economic institutions under one roof to discuss and evaluate the Doing Business findings. This year, including discussion of ways to develop and improve the methodology of the report, as well as providing a complete knowledge platform that enables the presentation of success stories, experiences and the exchange of ideas and best practices in improving the business environment.