Abdulla Al Shaibani and Hamad Buamim at the networking meeting held recently in Dubai. KT photo by Dhes Handumon

Dubai: The Dubai Plan 2021 will shape the future of Dubai through its six themes, which clearly reflect the vision of the emirate’s wise leadership in transforming Dubai into a smart and sustainable city, according to a top official.

Abdulla Al Shaibani, Secretary-General of Dubai Executive Council, said the government attaches great importance to partnership with businesses in galvanising public and private sectors from various economic sectors including trade, logistics, tourism and finance in achieving GDP growth.

Al Shaibani was speaking to Dubai businessmen and representatives from the private sector during the Dubai Chamber of Commerce and Industry organised First Talk Business at Breakfast networking meeting of the year held recently at the Chamber premises.

He shed light on the aims and objectives of the Dubai Plan 2021 and its relevance and benefits to the business community as he called upon the private sector to play an active role in the plan’s implementation by turning Dubai into a pivotal hub in the global economy.

Dubai offers an open door policy, world-class logistics facilities including container handling at ports and passenger traffic at its state-of-the-art airports, and financial services while supporting Dubai’s vision of turning the city into a capital of Islamic Economy as well as attracting FDIs through ease of doing business facilities, he said.

Al Shaibani further stressed that the Dubai government is working to turn the emirate into a most preferred place to live, work and visit and a city that enjoys sustainable economic growth, is a world’s leading business centre, and the most business-friendly city and investment destination. He added that the government is keen on economic diversification, which is important for Dubai’s pivotal hub status, and continues to promote this trend while working on strengthening the role of the free zones to attract foreign and local investments besides serving as an incubator for innovative activities.

SMEs contribution to GDP

Al Shaibani also emphasized on the contribution of the SMEs to Dubai’s GDP during 2009-2012, which he said was 40 per cent and called up on the private sector to support the Dubai Plan 2021, which will reflect positively on their businesses.

He also urged Dubai businesses to invest in main strategic sectors including light industry, and to raise the level of productivity and investment in research and development, in addition to exploring promising global markets and also to invest Islamic Economy initiatives and Dubai Expo 2020.

Lauding the role of Dubai Chamber in liaising between the public and private sectors, Al Shaibani asked the representatives of the private sector to be proactive in voicing their opinions and recommendations on various economic policies by participating in meetings organised by the chamber on various economic issues.

On his part, Hamad Buamim, president and CEO, Dubai Chamber, emphasised on the strong bonds enjoyed by the public and private sectors as the two-way communication between the two sectors is behind the success of the economic growth of the emirate.

Buamim further stressed that one of the chamber’s main priorities is to inform the private sector about the latest changes to the emirate’s business environment and to strengthen their communication with government entities which ultimately contributes to strengthening the competitiveness of the business community. Applauding the efforts of the Dubai Economic Council in the implementation of the Dubai Plan 2021, Buamim, stressed that the Plan is driving the next stage of Dubai’s unprecedented economic development.

“Dubai Chamber’s strategy is tightly aligned to the objectives of the Dubai Plan 2021 and its key themes of happiness, smart technology and innovation,” he said.

“Both smart technology and innovation are central pillars of Dubai Plan 2021 and will have a huge impact driving Dubai’s economy forward. The chamber, as the representative of the business community, has the largest role to play in the plan’s final theme of promoting the status of the emirate as a pivotal hub in the global economy as the theme aims to make Dubai a diversified economy that enjoys sustainable economic growth and is resilient to disruptive shocks,” Buamim added.

He also said that over the course of its 50 years since its formation in 1965, the chamber has played an important role in serving the business community and will continue with its mission to represent, support and protect the interests of business community in Dubai.

The Talk Business networking meetings organised by Dubai Chamber from time to time helps build strong alliances, open communication channels with key regional and international trade partners and facilitate networking opportunities for the business community while enhancing their competitiveness in the global trading arena.

Courtesy: Khaleej Times