The Board of Directors approved its strategy until 2024

Attracting foreign investments and developing the digital economy will top the agenda of Dubai Chambers during the next 3 years

Al Ghurair while chairing the Board of Directors meeting.

From the source

The Board of Directors of Dubai Chambers has approved the Chambers strategy for the next three years (2022-2024), which is based on four main pillars, including improving and developing the business environment in Dubai, attracting foreign investments and international companies to the emirate, and stimulating external expansion in global markets for companies operating in Dubai. In addition to developing and growing the digital economy in Dubai.

This came during the first council meeting in 2022, which was held recently at the headquarters of the Dubai Chamber, chaired by the Chairman of the Board of Directors of Dubai Chambers, Abdulaziz Abdullah Al Ghurair, and with the participation of the Chairman of the Board of Directors of the Dubai Chamber for Digital Economy, Omar Sultan Al Olama, and the Chairman of the Board of Directors of the Dubai World Chamber, Sultan Bin Sulayem, and members of the Board of Directors of Dubai Chambers, who are Dr. Raja Issa Saleh Al Gurg, Butti Saeed Al Kindi, Khaled Juma Al Majid, Faisal Jumaa Belhoul, Patrick Shalhoub, Hilal Saeed Al Marri, Dr. Amina Al Rostamani, Tariq Hussein Khan Sahib, Ghassan Al Kibsi, and in the presence of the Chamber’s General Manager Dubai, Hamad Mubarak Buamim.

In its meeting, the Board also approved the Chamber’s budget for the current year, as well as the establishment of 3 new committees from the Board’s members, namely the Investment Committee, the Audit and Risk Committee, and the Nomination and Remuneration Committee.

The new strategy

The members of the Council discussed the plans and mechanisms of the new strategy, and their alignment with the development plans of the Emirate of Dubai, in order to achieve the objectives of the Dubai Foreign Trade Plan, which was approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to raise the value of Dubai’s foreign trade to Two trillion dirhams over the next five years.

The Chairman and members of the Council congratulated His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on the 16th anniversary of his assumption of power in Dubai, appreciating his unique leadership vision and achievements that moved Dubai and the UAE to the first global ranks in all indicators. economic and development projects, stressing that Dubai is moving steadily under his wise leadership to the highest peaks of leadership, excellence and prosperity.

economic arm

Abdulaziz Al Ghurair said, "The adoption of the Chambers' strategy for the next three years reflects the Chambers' commitment to achieving the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, that the Chambers will be the most important economic arm of the Emirate of Dubai," stressing that "the wheel of work has been launched to keep pace with the emirate's ambitions to create the future of the economy." ».

He added: "Today we have adopted an integrated strategy for the next phase that enhances the partnership of the public and private sectors, and reflects the future role that Dubai Chambers will play in shaping the future of the economy in the Emirate, and achieving the goals and vision of the wise leadership.

This strategy will be a renewed start in the process of hard work to support the business sector and improve its competitiveness.

Our future role in reviewing economic legislation will be of paramount importance in strengthening the public-private partnership, and modernizing our legislative systems in line with our economic development goals.”

Al Ghurair pointed out that "the strategy constitutes the cornerstone of enhancing the emirate's position and reputation as an economic, investment, commercial and digital capital in the world," noting that attracting quality investments, supporting the digital economy, promoting foreign trade, and raising the competitiveness of the private sector are pillars that the Chamber will be keen on developing to set the parameters of the room. the future.

foreign trade

He pointed out that «the Chamber is a key component of the Dubai Foreign Trade Plan, adopted by His Highness Sheikh Mohammed bin Rashid Al Maktoum, to raise its value from 1.4 trillion dirhams to two trillion dirhams during the next five years.

We are continuing our efforts to make Dubai the capital of trade and investment, and the destination for future businesses and its new innovative sectors, and we will double our commitment and activity to maintain our position and reputation at the heart of the global trade system.”

Al-Ghurair explained that the digital economy is the language of the future era, and the Chamber is determined, in its new strategy, to consolidate the concept of entrepreneurship and digital transformation, and the support it includes for new technical sectors, the concept of the Fourth Industrial Revolution, the Internet of Things, artificial intelligence and blockchain, to stimulate digital transformation in an environment business and attracting the most important international technology companies to the emirate, and consolidating Dubai’s position as the capital of the digital economy.

Last March, His Highness Sheikh Mohammed bin Rashid Al Maktoum approved the restructuring of the Chamber and the formation of three chambers for the emirate, including: Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber for Digital Economy, with the aim of empowering the business community in Dubai and supporting traditional economic sectors. Active participation in stimulating and expanding Dubai's foreign trade, and supporting the interests of regional and international companies based in Dubai.

• The Chamber is determined, in its new strategy, to consolidate the concept of entrepreneurship and digital transformation.

Follow our latest local and sports news and the latest political and economic developments via Google news

Keywords: