She expressed optimism for the economy to recover in 2021

Dubai Chamber for representatives of the private sector: We will be with you every day

• The Dubai Chamber confirmed that the economic recovery received a strong boost with the adoption of Corona vaccines.

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• Hamad Buamim: “(Expo 2020 Dubai) will make Dubai a model for economic development in the post-Covid-19 phase.”

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The Dubai Chamber of Commerce and Industry expressed its optimism about the performance of the economy in the next year 2021, noting that the economic recovery received a strong impetus with the start of the adoption of vaccines for the emerging coronavirus (Covid-19), and the transformation of international trade into an essential part of global efforts to consolidate the foundations of international cooperation.

In a message addressed to representatives of the private sector and leaders of the business community in Dubai, the "Dubai Chamber" affirmed that union and concerted efforts are the way to consolidate the economic recovery process, stressing that it will be with the business community every day to support it.

Economic optimism

In detail, the Director General of the Dubai Chamber of Commerce and Industry, Hamad Buamim, said that there is optimism about the performance of the economy in the coming year 2021, pointing out that the economic recovery has received a strong impetus with the start of the adoption of vaccines for the emerging corona virus (Covid-19), and the transformation of international trade into a part An essential part of the global effort to lay the foundations for international cooperation.

In a letter addressed to representatives of the private sector and leaders of the business community in Dubai, which Emirates Today obtained a copy of, he added that the state of optimism about the performance of the economy in 2021 is accompanied by several indicators, as we see a focus on future economic sectors such as smart services, technology, and space industries. , Food, and an increasing investment in traditional sectors such as tourism, trade and logistics, pointing out that entrepreneurship, sustainability and innovation have become essential pillars in the business environment.

Buamim clarified that these indicators are matched by an exceptional global event hosted by Dubai, represented by the "Expo 2020 Dubai", which will draw the future of innovation and growth, and make the Emirate of Dubai a model for economic development in the post-"Covid-19" stage.

Buamim congratulated the Dubai Chamber's partners in the private sector on the new calendar year, noting that the year 2020 witnessed challenges imposed by the emerging Corona virus (Covid-19) crisis on the business sector, and it changed many concepts and practices in the global business community, and pointed to success in Mitigating the repercussions of the pandemic and ensuring business continuity and sustainability, at a time when joint efforts have contributed to transforming Dubai into a model for cities that opened their economy successfully and responsibly.

Exceptional measures

Buamim stated that the exceptional procedures, qualitative initiatives, modern legislation and incentive packages were the most prominent elements of Dubai in mitigating the repercussions of the crisis, pointing to the diversity of these procedures, including the relaunch of the events and conferences sector, opening the doors to tourists, introducing amendments to bankruptcy laws and commercial companies, and launching The "virtual work program", in addition to the announcement of incentive packages to reduce the cost of doing business and facilitate procedures.

He stressed that the public-private partnership has been the most important factor for our success in reducing the effects of "Covid-19" on the business community, and enhancing investor and private sector confidence in the business environment in the emirate.

He said that the "Dubai Chamber" was distinguished by playing this role, which it looks forward to completing in 2021, especially with the many positive indicators that make us optimistic about the strengthening of the economic recovery.

Buamim concluded, saying: “I extend the hand of cooperation to you in this new year, and renew the covenant to strengthen our solid partnership and help you to develop and develop your business, because the union and concerted efforts are our way to consolidate the economic recovery process, so (Dubai Chamber) will be at your side today, tomorrow and every day." ».

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