His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Chairman of the Dubai Executive Council visited the Department of Economy and Tourism (DET). He was accompanied by H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, the Second Deputy Ruler of Dubai, according to WAM. During the visit, Sheikh Hamdan bin Mohammed highlighted the importance of enhancing cooperation between the government and private sectors.
The collaboration aims to achieve the goals of Dubai Economic Agenda D33, launched by H.H. Sheikh Mohammed bin Rashid Al Maktoum, to drive Dubai’s economic growth and development.
Sheikh Hamdan praised DET’s projects and initiatives aimed at boosting key economic sectors. He reaffirmed Dubai’s commitment to creating new opportunities for the private sector. He emphasized Dubai’s aspiration to be the world’s premier city for living, working, and visiting.
Sheikh Hamdan stated that Dubai is ready for rapid growth and is positioning itself to become a global hub for trade, entrepreneurship, innovation, and investment. The city embraces global changes, harnesses next-generation technologies, and offers a secure and business-friendly environment for entrepreneurs and investors.
Sheikh Hamdan and Sheikh Ahmed received a warm reception from Helal Saeed Al Marri, the Director-General of DET, during their visit to the headquarters of the organization.
Overview of DET’s Progress and Achievements
DET’s latest data revealed a remarkable increase of over 30 percent in new business licenses issued compared to the same period in 2022. Additionally, the number of business licenses automatically renewed experienced year-on-year growth of 14 percent in the first three months of the year.
Aligned with D33’s objective of increasing government spending, DET’s Government Procurement Programme delivered exceptional performance in 2022. The programme awarded contracts and purchases worth approximately AED1.12 billion. These contracts and purchases were awarded to members of the Mohammed bin Rashid Establishment for the Development of Small and Medium Enterprises. This represents a growth of over 21.5 percent compared to 2021.
Al-Marri emphasized DET’s efforts to enhance the manufacturing sector’s contribution to Dubai’s GDP. In 2022, the manufacturing industry accounted for 8.6 percent of the GDP, and it is projected to reach 9 percent in the next two years. DET is actively diversifying the manufacturing base, optimizing supply chains, and implementing advanced technology in industrial solutions. These initiatives aim to solidify Dubai’s position as a global hub for industry and export.
DET remains committed to implementing strategies that uphold Dubai’s appeal to international travelers.
