Dubai Chambers unveils three-year ‘blueprint for a competitive economy’

Dubai Chambers unveils three-year ‘blueprint for a competitive economy’

Posted on 11 January 2022

Chairman Abdul Aziz Al Ghurair says strategy features ‘bolder ambitions that can adapt to future challenges’

The board of directors of Dubai Chambers has approved the organisation’s strategy for the next three years to 2024.

The strategy is based on four main pillars – improving the business environment in Dubai, attracting foreign investments and international companies to the emirate, supporting member companies with global expansion and growing Dubai’s digital economy.

The priorities, listed under the newly-adopted strategy, were announced during the board’s first official meeting in 2022, which was chaired by Abdul Aziz Al Ghurair.

During the meeting, the board approved the organisation’s 2022 budget and established new committees that will be tasked with overseeing matters related to investment, auditing, risks, nominations and remunerations, a statement said.

Board members discussed potential plans to be implemented under the new strategy, which are aligned with plans announced by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to boost Dubai’s trade to AED2 trillion in five years.

Chairman Al Ghurair said that the adoption of the Chambers’ strategy for the next three years reflects its commitment to achieving the vision of Sheikh Mohammed.

He described the strategy as a “blueprint for a competitive economy with bolder ambitions that can adapt to future challenges”.

He added: “Today we adopted an integrated strategy for the next phase that enhances the partnership of the public and private sectors, and reflects the new role that Dubai Chambers will play in shaping the future of Dubai’s economy and achieving the goals and vision of our wise leadership.”

He said that ensuring a business-friendly regulatory environment and fostering public-private sector cooperation and partnerships, policy advocacy and raising standards of customer service will also remain top priorities for Dubai Chambers as works towards achieving its new ambitions.

Dubai Chambers was established under the directives of Sheikh Mohammed as part of a recent government restructuring that aims to drive a comprehensive economic development in Dubai. The organisation operates under a three-chamber model comprises Dubai Chamber of Commerce, Dubai International Chamber and Dubai Chamber of Digital Economy.

SOURCE: arabianbusiness.com

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