The Department of Economic Development (DED) in Dubai, along with its agencies, Dubai SME, Dubai Exports and the Dubai Investment Development Agency (Dubai FDI), has launched its Silver Jubilee celebrations after completing 25 years in regulating economic activity and supporting economic diversification and sustainable development in the emirate.
The DED is enhancing ease of business, ensuring commercial compliance and consumer rights protection, supporting entrepreneurship and small and medium-sized enterprises (SMEs), promoting foreign trade and exports and attracting capital into knowledge-intensive and innovation-driven initiatives.
"The economic boom in the UAE, and particularly in Dubai, embodies the leadership and directives of President His Highness Sheikh Khalifa Bin Zayed Al Nahyan and the remarkable vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai. The future-oriented and proactive approach of H.H. Sheikh Mohammed bin Rashid and his readiness to explore opportunities to overcome challenges and provide the necessary tools to achieve progress, have been critical in positioning Dubai at the forefront as a city and a global economic hub," said Mohammed Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future.
"The directives of Sheikh Mohammed bin Rashid and his unique leadership and teamwork have created an integrated and innovative system in Dubai, where everyone works together to consolidate the emirate’s reputation as a globally preferred destination for investment. It will lead to a prosperous and sustainable future in Dubai, and will make the emirate a premier hub for diverse economic activities and world-class services," he added.
Al Gergawi added that the UAE’s excellence march is progressing through rapid economic development over the past few decades. "It was the product of a remarkable vision and great team efforts, and the DED has played a unique role in this phase, reinforcing Dubai’s image as an investment destination, business hub and a global shopping capital."
Essa Kazim, Governor of the Dubai International Financial Centre and Chairman of the Dubai Financial Market, said that the DED’s Business Excellence Awards serves as a performance metric on companies in Dubai, and a catalyst in the race for excellence. "It also motivates others to adopt globally accepted quality standards, and it also promotes sustainable development principles in the business sector."
Sami Al Qamzi, Director-General of DED, commented, "We have made significant gains in this mission and launched varied initiatives, which have enabled sustainable economic development, built on a broad base of high-value-added economic activities."
"We are guided by the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum for Dubai to be the preferred place to live, work and visit, as well as a smart and sustainable city and a pivotal hub of the global economy by 2021," Al Qamzi added.
Reiterating the need for co-ordination between all federal and local government entities to achieve the vision of the leadership, Al Qamzi said that each entity has a role in improving competitiveness in the economic, social and environmental fields, as well as in healthcare and education, which is critical to enhancing overall government efficiency and customer happiness.
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