21.4 C
Monday, December 6, 2021

Dubai announced major initiative to accelerate industrial activities, foreign trade and tourism in the emirate

Must read

Dubai on Saturday declared another major initiative to speed up industrial activities and promote foreign trade and tourism in the emirate by merging its two key entities.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, announced the merger of the and Department of Tourism and Commerce Marketing and appointed Helal Saeed Al Marri as director-general of the new department.

Taking to Twitter, he said the new division’s objectives will likewise before long be distinguished to build the added value of the industrial sector, expand foreign trade and reach 25 million tourists in 2025.

This move is in accordance with the vision of His Highness Sheik Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to additional upgrade the emirate’s turn of events.

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister and Minister of Finance, also complemented the move and said it will enhance competitiveness of the emirate.

“During the past period, the two offices assumed a crucial part in solidifying Dubai as a monetary and traveler capital. The following stage requires a high seriousness of the Emirate, which requires total concordance between the two sectors,” Sheik Maktoum tweeted.

The new office will draw in 400 global economic events every year by 2025, and support private area organizations and privately-owned companies to show them in Dubai’s monetary business sectors and stock trades, as per Dubai Media Office.

The primary targets of the Department of Economy and Tourism in Dubai incorporate making Dubai one of the best five urban areas in the super financial pointers, drawing in 100,000 companies in three years, advancing an increment in the additional worth of the modern area by 150% in five years, and extending unfamiliar commodity markets for nearby items by 50%.

Shailesh Dash, a Dubai-based agent and business visionary, said this is a vital move by the UAE govt where the significance of trade, the travel industry and other related areas to the gets highest concentration.

“It will likewise help a lot of spotlight on the fourth modern unrest and upskilling of the populace, which is quite a lot more critical to our economy today,” Dash told media on Saturday.

Atik Munshi, overseeing accomplice, FinExpertiza UAE, said tourism is one of the significant mainstays of Dubai.

“A solidification of the travel industry and monetary divisions will help flawlessly matching up the administrations needed by organizations. With the clear improvement in the Dubai economy and opening of worldwide appearances, the travel industry also is relied upon to be see added development. This move is by all accounts ideal move and would assemble more certainty for both the tourists and business,” Munshi told media on Saturday.

More articles


Please enter your comment!
Please enter your name here

Latest article