Dubai will promote an attractive and competitive environment for investment that improves the ease of doing business, contributes to increasing foreign trade volumes, and develops the digital economy sector, the Dubai Crown Prince said
Dubai’s ‘next priorities’ will include the development of the digital economy as well as access to new markets, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said during a visit to the Dubai Chambers.
The Dubai Crown Prince emphasised the importance of working continuously to consolidate Dubai’s position as an attractive business and investment destination.
Sheikh Hamdan bin Mohammed said: “The Dubai Chambers have played a significant role in Dubai’s economic development. Today, we look forward to maximise this role in the field of digital economy, technical investments, and building new global economic opportunities.”
“Our next priorities are: the sustainability of our family businesses, the development of our digital economy, and access to new markets. All government and private entities will work as one team to achieve these priorities.”
The Dubai Crown Prince’s statements were made after he toured the facilities and departments of the headquarters of Dubai Chambers, the state-run news agency, Wam, confirmed.
Sheikh Hamdan added: “We have the best business environment, and most of all, we have Sheikh Mohammed bin Rashid’s future vision for Dubai to be the main hub of the new global economy.”
Sheikh Hamdan stressed the importance of implementing the directives of Sheikh Mohammed bin Rashid Al Maktoum to promote an attractive and competitive environment for investment that:
- improves ease of doing business in Dubai,
- contributes to raising the volume of foreign trade, and
- develops the digital economy sector
For instance, the Dubai Metaverse Strategy, which was announced by the Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum earlier this year, aims to increase the contribution of the metaverse sector to the emirate’s economy to $4 billion by 2030.
Headed by the Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Dubai Metaverse Strategy also intends to ensure that the metaverse increases its contribution to 1 percent of the emirate’s GDP.
The Dubai Crown Prince Sheikh Hamdan bin Mohammed and Sheikh Maktoum bin Mohammed, the Deputy Ruler of Dubai, have already directed the formation of a task force to track the latest developments in the digital economy, including technology and metaverse trends.
https://www.arabianbusiness.com/politics-economics/dubais-next-priorities-include-boosting-the-digital-economy-access-to-new-markets-sheikh-hamdan
