UAE to re­main busi­ness hub

The Pak Banker - - 6BUSINESS -

Dubai World Trade Cen­tre's new devel­op­ment projects will at­tract new busi­nesses and boost Mice (meet­ings, in­cen­tives, con­fer­ences and events) sec­tor in the emi­rate.

His High­ness Shaikh Mo­hammed bin Rashid Al Mak­toum, Vice-Pres­i­dent and Prime Min­is­ter of the UAE and Ruler of Dubai, on Wed­nes­day in­spected the mas­ter plan for One Cen­tral, which is a Dh8 bil­lion mixed-used un­der devel­op­ment project. Shaikh Mo­hammed re­viewed the de­tailed model of the One Cen­tral mas­ter plan devel­op­ment and ap­proved the progress of the project, ac­cord­ing to Wam. The project is be­ing car­ried out by Dubai World Trade Cen­tre in Cen­tral Busi­ness Dis­trict. The project will cre­ate a new des­ti­na­tion fa­cil­i­tat­ing in­ter­na­tional trade and com­merce, at­tract­ing multi­na­tional busi­nesses to set up and ex­pand in the re­gion, through the es­tab­lish­ment of per­ma­nent rep­re­sen­ta­tive of­fices or new re­gional head­quar­ters in the UAE and Dubai specif­i­cally. One Cen­tral will sup­port new multi­na­tional en­trants to es­tab­lish a pres­ence for busi­ness within the UAE and the wider re­gion, pro­vid­ing a busi­ness-con­ducive reg­u­la­tory en­vi­ron­ment with an in­ter­na­tion­ally recog­nised leg­isla­tive frame­work and op­er­a­tional pro­ce­dures.

Shaikh Mo­hammed stated: "Our na­tion is open and tol­er­ant of all cul­tures, whilst main­tain­ing its unique her­itage and sus­tain­ing its lead­ing po­si­tion in de­vel­op­ing ex­tra­or­di­nary projects and in­vest­ing in in­fra­struc­ture to at­tract global com­pa­nies, world busi­ness lead­ers and in­ter­na­tional cul­tural ac­tiv­i­ties." He­lal Saeed Al­marri, di­rec- tor-general of Dubai Depart­ment of Tourism and Com­merce Mar­ket­ing and di­rec­tor general of Dubai World Trade Cen­tre Au­thor­ity, pre­sented the new mas­ter plan devel­op­ment to Shaikh Mo­hammed.

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