Dubai is taking further steps to ease the process and cost of doing business.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and Chairman of The Executive Council of Dubai, has issued directives to reduce government-related procedures for doing business by 30 per cent.
It is part of ongoing strategic initiatives to accelerate economic recovery and enhance Dubai’s status as a business hub.
The directives will be implemented within the next three months.
"We will continue to work on unlocking new opportunities for businesses and investors to help them grow. Promoting partnerships with the private sector is a key strategic objective for Dubai," said Sheikh Hamdan.
The latest directives were issued during a meeting chaired by Sheikh Hamdan in the presence of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and First Deputy Chairman of The Executive Council of Dubai.
Dubai’s wide-ranging support measures since the onset of the pandemic, especially its five stimulus packages worth AED 7.1 billion, have helped the private sector ease financial pressure and reduce operating costs.
Dubai’s public & private sectors have a long-standing partnership, and as part of expanding its scope,we are seeking to grant the private sector more access to govt projects.We will also continue efforts to further enhance Dubai’s business environment & investment attractiveness.— Hamdan bin Mohammed (@HamdanMohammed) June 9, 2021
.@HamdanMohammed: Normal life has resumed & the increased stability of businesses will help raise the sustainability of Dubai’s economy. We are determined to further support businesses & deepen the confidence of investors as part of ensuring a win-win partnership. pic.twitter.com/5TR2Bg6Fip— Dubai Media Office (@DXBMediaOffice) June 9, 2021