They emphasized that the emirate witnessed great growth and prosperity under his wise directives.. and was able to keep pace with the latest global trends

Economists: Mohammed bin Rashid's vision established an integrated system that turns challenges into opportunities

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Businessmen, investors and economists unanimously agreed that the progress, prosperity and economic growth that Dubai witnessed during the year 2022 is a reflection of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which established a tight and integrated system capable of transforming challenges to opportunities.

They told «Emirates Today», that the Emirate of Dubai witnessed widespread economic growth and prosperity, in light of the insightful forward-looking vision and wise directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, as he directed His Highness to lay solid foundations for the economic model in the emirate, in order to enable it to keep pace with the latest developments. And global trends, and facing all challenges and turning them into opportunities, to highlight Dubai's leadership in various sectors.

They pointed out that 2022 was a distinguished year after two years of one of the greatest economic challenges faced by humanity, but Dubai, with its wise leadership, represented by His Highness Sheikh Mohammed bin Rashid Al Maktoum, assured the world of its ability to overcome crises.

Huge achievements

In detail, the economist, Tariq Ramadan, said, "The development and growth of Dubai's economy and the continued achievement of huge achievements in all economic fields came through careful strategic planning and the insightful forward-looking vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai." », referring to the huge and bold executive measures taken by the Dubai government during the past two years, which reflected positively on the performance of the emirate's economy and gained it flexibility and status, as it is always a safe haven for all when crises occur, and in times of stability.

Ramadan added, "Dubai has taken unprecedented steps when dealing with the crisis of the outbreak of the (Corona) virus around the world, and has also facilitated procedures for granting residence visas to investors and skilled and specialized workers in all fields," pointing out that it has worked to create an attractive environment for companies that have increased their confidence in Dubai and its government. The wise leadership, under the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, after the successful steps in dealing with the outbreak of "Corona", and its ability to absorb international crises, and even benefit from them and turn them into opportunities.

strength and durability

For his part, CEO of Al-Ansari Exchange, Rashid Ali Al-Ansari, said, "The UAE economy has proven its strength and durability in the face of global changes and the exceptional circumstances that have occurred in the global economic system in the recent period."

He pointed out that the Emirate of Dubai, in particular, witnessed widespread economic growth and prosperity, in light of the insightful forward-looking vision and the wise directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, where he directed His Highness to lay solid foundations for the economic model in the emirate, in order to enable it to keep pace with the latest developments. And global trends, and facing all challenges and turning them into opportunities, to highlight Dubai's leadership in various sectors.

Al-Ansari added: “Based on this, comprehensive and flexible economic plans have been put in place, based on working to improve all vital economic and social indicators in the emirate, through close cooperation with the private sector, involving it in various strategic operations and projects, enhancing the investment environment, and developing the business system, to In addition to developing legislation and laws that support economic work in Dubai, in a way that enhances its presence on the global business and investment map, and consolidates its leading economic position.

Outstanding performance

Al-Ansari stated, “Within the framework of the outstanding performance and continuous growth of the national economy, the remittance and foreign exchange sector witnessed a remarkable growth during the year 2022,” explaining that “this growth in foreign exchange and money transfer activities is due to a group of factors, including the increasing momentum The tourism movement in the country, especially the Emirate of Dubai, where a large number of tourists flocked to it, as it is a leading global tourist destination. to achieve this growth.

The real estate sector

In turn, the real estate expert and Chairman of the Board of Directors of the "W Capital" real estate company, Walid Al Zarouni, saw that the Emirate of Dubai, under the wise leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, continues to achieve huge achievements in all economic fields of all kinds, including the real estate sector, which was able to It proves itself as one of the important tributaries of the emirate's economy.

Al Zarooni stressed that last year witnessed continued achievement and overcoming challenges smoothly, especially the economic challenges that threaten the global economy, noting that Dubai was able to excel in the sectors of health, education, space, energy, infrastructure projects, tourism and real estate.

He pointed out that the real estate sector stands out as one of the examples of transforming crises into opportunities, after it recorded its highest rates ever in 2022, after the Dubai government demonstrated its superior ability to adapt to various issues, keep abreast of all developments, challenge crises and address them, including the pandemic crisis. Corona » global.

open policy

Al Zarouni indicated that Dubai has reaped the results of its economic policies open to the world, which helped the real estate sector achieve a boom in sales in 2022, with more than 260 billion dirhams, while the total real estate transactions amounted to about 430 billion dirhams.

He said, "The regulatory legislation and laws issued by His Highness the Ruler of Dubai had a clear role in promoting sales in the market, amid the ease of buying and selling, and the great confidence in the real estate system in the Emirate of Dubai."

Special year

In the same context, Saleh Tabakh, CEO of Al-Andalus Courtyard Real Estate Development Company, said, "2022 is a distinguished year after two years of one of the greatest economic challenges faced by humanity, but Dubai and its wise leadership represented by His Highness Sheikh Mohammed bin Rashid Al Maktoum, assured the world of its ability to overcome crises, due to the strong economic infrastructure, and the flexibility of its leadership, which does not hesitate to take any decision that is in the interest of every citizen and resident quickly and away from bureaucracy.

He added, "The Dubai government and its leadership have succeeded in establishing a dynamic government system that has a high ability to adapt to changing global conditions, while at the same time taking proactive measures at the economic level, which contributed to giving the year 2022 economic sustainability, as the past year established new foundations on which it was built." Building a bright economic future,” pointing out that the insightful vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum established an integrated system that can transform all challenges into opportunities.

experience

Tabakh believed that His Highness Sheikh Mohammed bin Rashid Al Maktoum, with his sophistication, was able to create an infrastructure that allows for partnership and cooperation between government sectors, and creates opportunities for partnership with the private sector.

He said, "The infrastructure of the judicial system and the transparency of the systems in Dubai have allowed international companies to transfer their activities to Dubai, and consider it a safe place to conduct their business."

He pointed out that Dubai is a "magical place" for everyone, where everyone who visits it wishes to reside and work in it, because it has the potential and steadfastness in growth.

Tabakh added, "Dubai has established its own standards that have become emulated, as it has become an example of first-class cities in the world, so the emirate has transformed from an importer of ideas and standards into an exporter for them, and a source of inspiration for all the world's youth and creators because of everything that has been accomplished, especially in 2022, which It is considered the year of correction and the creation of continuity for a bright and clear future.

Promising future

In addition, the businessman, Saeed Al-Fahim, said, "The laws and decrees issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, established a bright future for everyone on the land of the UAE," noting that these laws It led to enhancing the life and well-being of the community and improved the quality of life in it.

Al-Fahim added, "One of the most prominent achievements that took place in the past year was the great success of organizing the activities of the (Expo) exhibition, which proved to the world that Dubai is an oasis of safety and good organization of global events," pointing at the same time to the opening of the "Museum of the Future" and the establishment of a system of « Golden Visa” and motivating private companies to invest in the UAE.

He stressed that Dubai has become, under the leadership and vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, a gateway for international companies and investment, and a creative economic model that can deal with challenges and turn them into opportunities.

Dubai's economy...continuous growth

Dubai's economy grew by 4.6% during the first nine months of 2022, compared to the same period in 2021, as the value of the emirate's gross product amounted to 307.5 billion dirhams.

Dubai's economy witnessed a growth in gross domestic product during the year 2021 by 6.2%, reaching 386 billion dirhams, compared to 2020 in which the emirate suffered from the repercussions of the "Corona" pandemic, like other economies in the world.

Dubai is the fastest growing city in the Middle East and North Africa region, and is also the most economically diversified city in the region.

Dubai is considered the best city in the region in growth, as well as in economic diversity alike, as it is a major center for economic activity and business in the region, as well as a prominent cultural landmark.

Dubai.. the best for owning luxury real estate

The real estate expert, Chairman of the Board of Directors of the “W Capital” real estate company, Walid Al Zarouni, confirmed that Dubai has established itself as the best city for owning luxury real estate in the global market in the post-“Covid-19” era, as it has become the highest city internationally in terms of investment return on real estate and attracted The wealthy people of the world come to it, and it is now attracting investors and foreign capital, after it was focused on local investors, to witness a tangible increase in the sale of luxury and distinctive real estate, in conjunction with the increase in the investments of high-income owners.

He stressed that Dubai provides advanced infrastructure, along with a distinguished lifestyle, which includes the best hotels and restaurants in the world, and the exceptional amenities it provides, which made it the best destination for work, life and investment.

• January 4, the anniversary of Mohammed bin Rashid assuming the reins of power in Dubai

• «We must not wait for the future, but make the future from today».

• «The economy is before everything and it is everything».

• Dubai, with its wise leadership, has confirmed to the world its ability to overcome all crises.

• The Emirate continues to achieve huge achievements, through careful strategic planning.

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