H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, highlighted the vital role of the emirate’s trade sector in driving its economic growth and global influence.
In an increasingly competitive global market, the trade sector continues to be central to Dubai’s development as a commercial hub, promoting diversification, innovation, and economic resilience, he stated.
“Trade is the foundation of Dubai’s economy and a key pillar of its growth as a leading global city,” Sheikh Hamdan said, noting that decades of collaboration with traders and international partners have allowed the emirate to turn challenges into opportunities and strengthen its position on the global trade map.
The Crown Prince made these comments during a meeting with business leaders, traders, and investors at Za’abeel Majlis in Dubai. The trade sector’s strong performance reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, whose strategies have made trade a key driver of sustainable development.
This vision is aligned with the Dubai Economic Agenda D33, which aims to double foreign trade to AED25.6 trillion and add 400 cities as trading partners by 2033.
Sheikh Hamdan reaffirmed Dubai’s commitment to fostering trade growth through partnerships with the private sector, alongside efforts to enhance trade infrastructure, align legislation with global standards, and embrace digital transformation.
During the gathering, H.H. Sheikh Hamdan also attended a presentation by Ben Nowack, Co-Founder and CEO of Reflect Orbital, on space-based solar energy solutions. Nowack discussed how Reflect Orbital uses space reflectors to provide solar energy and lighting after sunset, offering a transformative solution for global energy needs.
