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His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, mandated to streamline business procedures and simplify government requirements by 30% over three months to complement the Dubai Emirate’s initiatives to reduce the cost of doing business. stimulating economic growth and increasing the attractiveness of the business environment in the emirate, open to investors, building on the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the preferred investment destination and the easiest place to do business all over the world.
This happened during a meeting chaired by His Highness, Crown Prince of Dubai, yesterday in the presence of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Governor of Dubai and First Deputy Chairman of the Executive Council, which was attended by leaders of government agencies involved in promoting business in Dubai. The meeting discussed ways to support the sector. It is a continuation of the incentives provided by Dubai to ensure business continuity and sustainability, and to reduce the burden on companies due to the diversity of their business sizes.
The meeting discussed the progress of work on the recovery plans, as well as a number of initiatives aimed at reducing the administrative burden on the business sector by simplifying procedures that increase the competitiveness of the emirate and its attractiveness to investors.
During the meeting, His Highness, Crown Prince of Dubai, reaffirmed Dubai’s continued support for various business sectors to overcome the impact of the current phase, open up new opportunities for growth and identify ways that can accelerate the pace of recovery.
His Highness said: “We have come a long way in advancing efforts to rebuild the economy of the Emirate of Dubai thanks to the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, which fostered a gradual return to normalcy and fostered continuity. business sector, strengthening the foundations of a resilient and resilient economy in Dubai, and we continue to maintain our investment environment and build the foundations of investor confidence through a partnership aimed at continued success for both parties. ”
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum praised the long-standing relationship that has long been established in Dubai between the public and private sectors and called for stronger partnerships with them in the implementation of public projects.
His Highness said: “The flexibility and efficiency of the government are the basis for continuing to attract business and develop the investment environment, and the procedures followed by the Dubai government have strengthened its position as a business incubator worldwide, and we are working to open wider horizons and create new opportunities for investors that meet the requirements of their plans for the future, and strengthening partnerships with the private sector is a strategic goal because it is an important element. One of the elements of development and our partner in government projects, Dubai was and remains this first direction for entrepreneurs in the region. ”
The initiative to reduce government requirements by 30% is part of a suite of strategic initiatives to accelerate recovery and increase Dubai’s economic advantage and complements the launch of the Invest in Dubai platform launched by His Highness Sheikh Mohammed bin Rashid Al. Maktoum last February with the aim of unifying procedures for the business sector under the largest unified digital platform that gives investors the ability to obtain commercial licenses and start a business within minutes in a simple and smooth way that saves time and effort by reaffirming the commitment of the Dubai government. to continue to support investors and increase their level of confidence in the Dubai environment and preferred business destination in the region.
Since the early stages of the global crisis caused by the spread of the Covid-19 pandemic last year, namely from March 2020, the Dubai government has provided several stimulus packages for various business sectors worth about AED 7.1 billion to mitigate the economic impact of the exceptional situation. which it finds itself in the world, reducing the operational burden and obligations for the private sector and enabling it to overcome the consequences of the global crisis, which is considered the most difficult problem facing humankind in modern history.
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