Sheikh Hamdan affirmed that Dubai will continue to create the conditions required to reinforce its status as a preferred global investment destination, backed by the flexibility and effectiveness of its governance procedures and the numerous advantages it offers investors.
The announcement follows a meeting held in the presence of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, in Nad Al Sheba, featuring officials from various government entities. During the meeting, the General Secretariat of The Executive Council reviewed the results of the implementation of His Highness' directives last June to streamline processes related to conducting business. The results exceeded the target set last June, with a notable 61% reduction of government procedures for doing business, and a 95% reduction of licensing requirements through the Invest in Dubai platform. Nearly 11,000 requirements have been eliminated to enhance ease of doing business in Dubai.
Sheikh Hamdan said: "Today, the government of Dubai has exceeded the targets it set to ensure that the emirate continues to offer an attractive and competitive investment environment for entrepreneurs and investors worldwide. We will continue to build on His Highness Sheikh Mohammed bin Rashid’s vision to raise the emirate’s role as a key player in the global investment landscape. Dubai places a high priority on the empowerment and involvement of the private sector and the consolidation of its economic system as part of the objective of creating attractive opportunities for investors."
Sheikh Hamdan added: "We are seeing the accelerated growth of our investment environment, and in today’s post-pandemic world, we must keep pace with developments globally while remaining vigilant and adaptive in our response to the ongoing rapid changes across the business sector, to ensure Dubai continues to offer a highly stable, sustainable and attractive environment."
"Our relationship with investors is strong, and we remain committed to consolidating the close partnership between the public and private sectors to constantly innovate and create exceptional business opportunities that will raise Dubai’s competitive advantage."
Sheikh Hamdan praised the efforts of the 37 participating government entities, which contributed to significantly reducing the effort, time and cost incurred by investors, in addition to offering them high-growth investment opportunities. He also highlighted the successful integration of the efforts of various entities and expressed his confidence in the ability of Dubai government teams to provide services that further enhance Dubai’s profile as an investment hub.
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