It enhances the emirate's position as a global economic center

Mohammed bin Rashid approves 6 legislations to organize the work of "Dubai Chambers" and the formation of its boards of directors

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His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as ruler of the Emirate of Dubai, has approved a package of legislation aimed at formulating the legal framework for Dubai Chambers and forming their boards of directors, enabling them to achieve their strategic goals of enhancing Dubai's position as a hub globally, and providing means of support for all components of the economic system, by protecting the interests of the business community in the emirate, and continuing to develop the business environment.

The legislative package included a decree establishing “Dubai Chambers” to replace the “Dubai Chamber of Commerce and Industry”, a decree appointing Juma Al Majid as its honorary president, and decrees forming the Board of Directors of “Dubai Chambers” and the Board of Directors of “Dubai Chamber of Commerce” headed by Abdulaziz Abdullah Al Ghurair, and the Board of Directors of “Dubai Chambers” Dubai World Trade” headed by Sultan Ahmed bin Sulayem, and the Board of Directors of the “Dubai Chamber for Digital Economy” headed by Omar Sultan Al Olama.

The decrees reflect the unique economic vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, as the creation of three specialized rooms is an unprecedented approach to meet the requirements of the current and future phases, especially in light of the emergence of emerging economic sectors and patterns that require a fundamental change in the working mechanism of chambers of commerce in its traditional sense.

The legislative package establishes a clear vision for Dubai Chambers for the coming years, by adding more roles and powers that qualify the chambers to carry out the tasks entrusted to them in the trade sector, in addition to enhancing their active presence in the emerging sectors, which include the digital economy and global trade, because of their increasing importance in current stage.

brightest minds

In detail, His Highness Sheikh Mohammed bin Rashid Al Maktoum approved a decree establishing the Dubai Chambers to replace the Dubai Chamber of Commerce and Industry, and a decree appointing Juma Al Majid as its honorary president. At the top of the functions of Dubai Chambers is the development of plans and policies necessary to enhance the emirate's position and provide a stimulating and attractive business environment. His Highness also issued a decree forming the Board of Directors of Dubai Chambers headed by Abdulaziz Abdullah Al Ghurair, and the membership of: Faisal Juma Khalfan Belhoul as Vice President, Khalid Juma Al Majid Al Muhairi, Omar Sultan Al Olama, Omar Abdullah Al Futtaim, Sultan Ahmed bin Sulayem, Hilal Saeed Al Marri and Butti Saeed Muhammad Al Kindi, Dr. Raja Issa Saleh Al Gurg, Dr. Amina Abdul Wahed Al Rostamani, Tariq Hussain Khan Sahib, Raji Patrick Shalhoub and Ghassan Ahmed Yahya Al Kabsi.

For his part, Chairman of the Board of Directors of Dubai Chambers and Chairman of the Board of Directors of the Dubai Chamber of Commerce, Abdulaziz Abdullah Al Ghurair, stressed that “the new legislation and decrees enhance the ability of Dubai Chambers to contribute to achieving the strategic objectives of the emirate in the economic sector, and consolidate Dubai’s leading position in the global economy system, At the same time, it keeps pace with the growing importance of the digital economy and global trade, regionally and globally.

Al Ghurair added: “The Dubai Chambers, with its new formation, which includes a distinguished elite of competencies and expertise in various fields, will continue to provide means of support for all components of the economic system, in accordance with best practices, to ensure the achievement of the best results based on its clear vision to support national companies and citizen businessmen. and investors.”

Dubai Chamber of Commerce

His Highness Sheikh Mohammed bin Rashid Al Maktoum also issued a decree forming the Board of Directors of the Dubai Chamber of Commerce, headed by Abdulaziz Abdullah Al Ghurair, and the membership of: Faisal Jumaa Khalfan Belhoul as Vice President, Khaled Juma Al Majid Al Muhairi, Omar Abdullah Al Futtaim, Majid Hamad Rahma Al Shamsi, and Muhammad Abdul Ghaffar Hussain, Butti Saeed Muhammad Al Kindi, Tariq Hussain Khan Sahib, Dr. Raja Issa Saleh Al Gurg, Dr. Amina Abdul Wahed Al Rostamani, Hind Muhammad Khalfan bin Kharbash, Raji Patrick Shalhoub, Shehab Muhammad Abdul Khaliq Gargash, Saeed Saif Ahmed Al Ghurair and Hisham Abdullah Muhammad Al Shirawi.

His Highness issued a decree forming the Board of Directors of the Dubai International Chamber, headed by Sultan Ahmed bin Sulayem, and the membership of: Hilal Saeed Al Marri as Vice Chairman, Dr. Habib Muhammad Al Mulla, Ahmed Ali Muhammad Al Khilafi, Nabil Antoun Habayeb, Ghassan Ahmed Yahya Al Kabsi, and Muhammad Nader Khaled Al Haffar. Rani Raad, Stephen Colin Moss, Mark David Willis, Remy Agil, Sanjeev Kakar Bahawani, Elissar Farah Antonios, Julia Elizabeth Thomas, May Nasrallah Merville, Rola Boutros Zakaria Abu Mneh, Anuj Ranjan, and Shukri Ali Shukri Eid.

new resolutions

For his part, the Chairman of the Board of Directors of the Dubai International Chamber, Sultan Ahmed bin Sulayem, said, “The new legislation and decisions meet the aspirations of all belonging to the economic system in the Emirate of Dubai, ensure the achievement of the strategic vision of the emirate, and support the business environment at various levels, in order to achieve the interests of companies. businessmen and investors, and at the same time contributes to achieving Dubai’s economic goals.”

Bin Sulayem stressed that "the new package of legislation and decisions tangibly supports Dubai's leading position as one of the most pivotal centers of global trade, and increases its attractiveness to international companies by providing more privileges."

digital economy

In addition, His Highness Sheikh Mohammed bin Rashid Al Maktoum issued a decree forming the Board of Directors of the Dubai Chamber of Digital Economy, headed by Omar Sultan Al Olama, and the membership of: Ahmed Abdullah Juma Bin Bayat as Vice President, Hamad Obaid Sheikh Al Mansouri, Khalid Ahmed Humaid Al Tayer and Rashid Abdullah Ahmed Al Ghurair, Fadi Ali Ismail Ghandour, Mona Haider Ataya, Hind Abdel Hamid Ahmed Seddiqi, Rashid Muhammad Ali Al Abbar, Mansour Khalifa Sultan bin Habtoor, Ronaldo Mushawar, Mudathir Elias Sheikha, Elissa Basima Bassam Freiha, and Danny Farha.

The Chairman of the Board of Directors of the Dubai Chamber of Digital Economy, Omar Sultan Al Olama, indicated that “the legislative package reflects the clear strategic vision in the economy, trade and business sector, based on Dubai’s keenness to provide support to the various components of the economic system in general, and to the digital economy sector in particular. The emirate is an attractive environment for companies specialized in this economy, with its legislative environment and advanced logistical capabilities.”

The decrees lay down the strategic frameworks that define the chambers' targets for the coming years and decades in a manner that serves Dubai's economy in general, in addition to providing continuous support to all traditional and modern business segments and sectors.

The legislative package confirms the Dubai government’s interest in national companies and family businesses, and its keenness to provide a solid ground for their development and support their efforts and endeavors to transform into international companies capable of existence and competition in various business tracks. The decrees also attach great importance to developing new generations of trained and qualified cadres of businessmen, traders and industrialists and entrepreneurs, and enabling them to lead the national economy towards global horizons, in order to achieve the ambitious economic vision of Dubai.

• Expanded roles and powers that enable chambers to enhance Dubai's position in trade and the digital economy.

• The creation of 3 specialized rooms in line with the emergence of new economic sectors.

Abdulaziz Al Ghurair:

"New legislation and decrees consolidate Dubai's leading position in the global economy."

Sultan bin Sulayem:

"The package of legislation supports Dubai's leading position as one of the most pivotal centers of global trade."

The age of the scholars:

"Dubai is an attractive environment for companies specialized in the digital economy, with its advanced legislative and logistical environment."

Drafting commercial policies and legislation

Legislation gives citizens businessmen and foreign investors a qualitative opportunity to contribute to the formulation of commercial policies, regulations and legislation, in a manner that serves various sectors, and in a manner that expresses the interests of all groups, within the growing business community in the Emirate.

This step stems from the concept of positive partnership that Dubai has adopted for decades with all components of the business sectors, foremost of which is the private sector.

The legislative package supports entrepreneurs and owners of small and medium enterprises, and gives them many means and tools necessary to develop their businesses and open local and global markets to them, as they are one of the most important components of the economic system.

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