UAE among fastest growing economies — Mohammad

DED to lead new phase of growth and prosperity based on innovation

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, yesterday said the economic success achieved by Dubai in the past two decades has laid the foundations for a globally competitive, comprehensive and sustainable environment, which have contributed to making the UAE one of the most attractive investment destinations and hubs for foreign investors seeking to enter regional markets.

Shaikh Mohammad also underlined the contributions of the Department of Economic Development (DED) in creating and optimising economic opportunities in Dubai, and wished DED further success in serving the nation. His comments came on the occasion of the 25th anniversary of the founding of DED as the competent authority for developing and managing the economic agenda of the emirate of Dubai.

Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council expressed his pride in the significant role played by DED in strengthening the foundations of development in Dubai.

Mohammed Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future, said the directives of Shaikh Mohammad and his unique leadership and teamwork have created an integrated and innovative system in Dubai where everyone works together to consolidate the emirate’s reputation as a globally preferred destination for investment. It will lead to a prosperous and sustainable future in Dubai and make the emirate a premier hub for diverse economic activities and world-class services, Al Gergawi said.