During a meeting attended by Maktoum bin Mohammed with government leaders in Dubai
Hamdan bin Mohammed directs to reduce the procedures for doing business and government requirements 30%
Dubai Crown Prince and Maktoum bin Mohammed during the meeting, which reviewed ways to support the private sector.
From the source
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His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, directed to facilitate the procedures for doing business and simplify government requirements by 30% within three months, in order to complement the initiatives of the Emirate of Dubai aimed at reducing the cost of doing business, stimulating economic growth and enhancing the attractiveness of the business environment. In the emirate for investors, based on the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the preferred destination for investment activities and the easiest destination for doing business globally.
private sector support
This came during the meeting chaired by His Highness, the Crown Prince of Dubai, yesterday, in the presence of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and First Deputy Chairman of the Executive Council, and included leaders of government agencies concerned with facilitating business in Dubai. The meeting reviewed ways to support the sector The private sector at this stage, in continuation of Dubai's stimulus elements aimed at ensuring business continuity and sustainability, and easing the burdens on companies on the diversity of their business sizes.
The meeting discussed the progress of work in the recovery plans, in addition to a set of initiatives aimed at reducing administrative burdens on the business sector by simplifying the procedures that enhance the competitiveness of the emirate and increase its attractiveness to investors.
sustainable economy
His Highness, the Crown Prince of Dubai, stressed during the meeting that Dubai will continue to support various business sectors to overcome the repercussions of the current stage, to discover new opportunities for growth and to identify paths that will accelerate recovery rates.
His Highness said: "We have come a long way in advancing the economic recovery efforts of the Emirate of Dubai thanks to the directives of His Highness Sheikh Mohammed bin Rashid, which contributed to the gradual return to normal life and supported the continuity of the business sector in order to consolidate the foundations of a sustainable and resilient economy in Dubai. We are continuing to support our investment environment and consolidate Pillars of investor confidence within the framework of a partnership whose goal is always success for both parties.”
The strength of links
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum commended the strong ties that have long been collected in Dubai between the public and private sectors, as he called on the private sector to strengthen partnership with it in the implementation of government projects.
His Highness said: "Governmental flexibility and efficiency are the basis for continuing to attract business and develop the investment environment, and the procedures followed by the Dubai government have established its position globally as a business incubator, and we are working to open wider horizons and create new opportunities for investors that meet the requirements of their future plans, and strengthening partnership with the private sector is a strategic goal because it is a major element One of the elements of development and a partner for us in government projects, Dubai was and still is the first destination for entrepreneurs in the region.”
speed up recovery
The initiative to reduce government requirements by 30% is part of a package of strategic initiatives aimed at accelerating recovery and enhancing Dubai's economic advantage, and is complementary to the launch of the "Invest in Dubai" platform, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, last February, with the aim of unifying procedures for the business sector. Within the largest unified digital platform that gives investors the opportunity to obtain commercial licenses and start business within minutes, in an easy and smooth manner that saves time and effort, confirming the Dubai government's keenness to continue its support for investors and increase their confidence in Dubai's environment as the preferred destination for business in the region.
Incentive packages worth 7.1 billion dirhams
From an early stage of the global crisis caused by the spread of the “Covid-19” pandemic last year, specifically since March 2020, the Dubai government provided several incentive packages to various business sectors, amounting to about 7.1 billion dirhams, with the aim of alleviating the economic repercussions of the exceptional situation that is going through. the world, reducing the operational burdens and obligations on the private sector, and enabling it to overcome the repercussions of the global crisis, which is the most difficult challenge faced by mankind in modern history.
• The directives included expanding the scope of partnership with the private sector in government projects.
Dubai Crown Prince:
• «We are continuing to support our investment environment and consolidate the foundations of investor confidence».
• «Governmental flexibility and efficiency are the basis for continuing to attract business and develop the investment environment».
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