The Dubai Chamber of Commerce and Industry confirmed that "the economic incentive package for the next three months, announced by Dubai, is a message from the leadership to the business community, that the emirate stands alongside the interests of investors", indicating that the private sector will be on a date with a set of additional incentive arrangements and measures that It will be endorsed by leadership, with the aim of enhancing the competitiveness of the private sector and supporting it in facing global challenges.

Activate the partnership

In detail, the Director General of the Dubai Chamber of Commerce and Industry, Hamad Buamim, stressed that "the Chamber is committed to activating the partnership of the public and private sectors to face global challenges and enhance the competitiveness of the business environment in the emirate", considering that this partnership is strategic and fundamental and consolidates the role of the Chamber as a representative and supporter of the interests of the business community in the emirate.

Bouamim pointed out that the leadership was proactive in making decisions that enhance the competitiveness of the private sector and the business community, as the launch of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, to the economic incentives package for the next three months, is a message from the leadership To the business community, the emirate stands at the side of the interests of investors, and will work to enhance their investments and secure an environment conducive to their growth, and will not leave them in the face of global challenges.

private sector

He revealed that the private sector will be on a date with a set of additional incentive arrangements and measures that will be approved by the leadership, with the aim of enhancing the competitiveness of the private sector and supporting it in facing global challenges, considering that Dubai is proving to the world once again the leadership of its economic model and its distinguished position as a global trade center.

Business councils

Bouamim had met last Thursday, at the Chamber’s headquarters, representatives of the groups and business councils that fall under the Chamber’s umbrella during the first quarterly meeting of 2020, when he briefed them on the leadership’s plans to stimulate economic growth and support the business sector, and the discussions that the Chamber had with the relevant government bodies and departments, about adopting A number of arrangements and measures are aimed at reducing the negative impacts of current global challenges, including the spread of the Corona virus emerging (Covid 19) to the business sector in the emirate.

Economic performance

Bouamim explained, during the meeting, that the Chamber's discussions with the relevant government agencies and departments included a focus on sustaining economic performance through measures that include reducing the financial burden on companies, by reducing the cost of doing business and speeding up the flow of capital, and stimulating demand for goods and goods to enhance the consumer system, And review some legislation to facilitate and accelerate the practice of business.

The Director General of the Dubai Chamber of Commerce and Industry pointed out that the emirate attaches great importance to the business community and is keen to support its interests, enhance its competitiveness and help it find solutions to the challenges it faces.

He pointed out that the precautionary and preventive measures that the government followed to confront the risk of the spread of the (Covid 19) virus were extremely transparent, clear and professional, and took into account the security and safety of citizens and residents, considering that the state was one of the first countries to prevent and address Corona, and it has an integrated system of Health and preventive services and measures that have proven effective in limiting the spread of the virus in the country, praising the efficiency of Emirati precautionary measures that have reduced the repercussions of this global crisis.

He explained that the current situation resulting from the crisis poses a challenge for the business sector, as the economic situation is being evaluated, and work is being done on solutions that reduce the negative repercussions of the crisis on the business sector, pointing out that Dubai's impact on this crisis is natural given the emirate’s prestige in the world Business and finance, and its reputation as a global tourism, logistics and trade center linking all global markets.

He stressed that the priority of the Chamber during the current period is to ensure the smooth continuity of work despite the blurring of the global economic landscape, and to try to mitigate any negative impact on the business sector through open dialogue with the public and private sectors, pointing out that remote work for the business sector has become a tangible reality, enabling companies to Dealing with global changes, stressing that Dubai is able to find solutions to the global challenges it faces by activating the strategic partnership between the public and private sectors.

The representatives of the private sector who attended the meeting praised the efforts of the Dubai Chamber in organizing this meeting, its transparency in presenting challenges, and its keenness to help the private sector in raising its competition despite global challenges, considering that the Emirate of Dubai possesses the capabilities and capabilities, which makes it able to face the challenges and ensure the continuity of work efficiently High.

Virus developments

The Director of the Dubai Representative Office in China presented a briefing to the participants in the meeting about the developments of the virus outbreak crisis in China and its economic effects in the world and the Emirate of Dubai, indicating that China has had exceptional experiences that can be used in the health and electronic fields, especially remote work, where it received the briefing The appreciation and praise of the participants, praising the Chamber's role in representing and supporting the interests of the business community in the emirate.

Hamad Bouamim:

“The incentive package is a message that the emirate stands with investors and is keen to develop their interests.”

“Public-private partnership to ensure business continuity and enhance the competitiveness of the business environment.”