Emirates Information Company – Hamdan bin Mohammed opinions DET’s technique to realize objectives of Dubai Financial Agenda D33

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DUBAI, fifth June, 2023 (WAM) — H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Government Council, at present visited the Division of Economic system and Tourism (DET), accompanied by H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai.

Talking through the go to, Sheikh Hamdan bin Mohammed emphasised the significance of selling nearer cooperation between the federal government and personal sectors to strengthen efforts to realize the aims of the Dubai Financial Agenda D33 launched earlier this 12 months by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

Commending DET’s tasks and initiatives aimed toward elevating the expansion of key financial sectors, Sheikh Hamdan stated Dubai is dedicated to producing new alternatives for the non-public sector to contribute to efforts to consolidate the emirate’s rise because the world’s finest metropolis to reside, work and go to. Sheikh Hamdan stated that Dubai stands on the cusp of a brand new part of fast development and is poised to script new success tales as a worldwide hub for commerce, enterprise and innovation and a magnet for expertise and funding.

Dubai continues to embrace international modifications and leverage next-generation applied sciences to lift its future readiness, he stated. With its strong infrastructure, business-enabling companies and versatile globally-benchmarked legislative framework mixed with excessive ranges of security and safety, town presents entrepreneurs and traders an distinctive platform to understand their aspirations, he added.

H.H. Sheikh Hamdan bin Mohammed and H.H. Sheikh Ahmed bin Mohammed had been obtained on the DET headquarters by Helal Saeed Al Marri, Director-Basic of Dubai’s Division of Economic system and Tourism, and plenty of senior officers of DET.

Offering an outline of the work executed by DET and its subsidiaries, in addition to the progress made in varied actions and tasks primarily based on the Dubai Financial Agenda D33, Helal Saeed Al Marri highlighted the numerous development in new enterprise institutions in Dubai within the first quarter of 2023. In response to the most recent DET knowledge, Dubai recorded a rise of over 30 p.c in new enterprise licenses issued throughout Q1 2023 in comparison with the identical interval in 2022 whereas the variety of enterprise licenses routinely renewed registered a year-on-year (YoY) development of 14 p.c within the first three months of the 12 months.

According to D33’s objective of accelerating authorities spending, the Authorities Procurement Programme of DET delivered an distinctive efficiency in 2022. The programme awarded contracts and purchases price a complete of roughly AED1.12 billion to members of the Mohammed bin Rashid Institution for the Improvement of Small and Medium Enterprises, a development of over 21.5 p.c in comparison with 2021.

Al Marri additionally highlighted the achievements of the manufacturing sector, emphasising the Division’s efforts to strengthen the sector’s contribution to the emirate’s GDP. In 2022, the manufacturing business accounted for 8.6 p.c of GDP, a share that’s projected to succeed in 9 p.c within the subsequent two years. The Division is actively diversifying the manufacturing base, optimising provide chains, and adopting superior expertise in industrial options throughout the framework of initiatives designed to cement Dubai’s place as a worldwide hub for business and export.

International advertising and marketing campaigns and initiatives launched by the Dubai Company for Tourism and Commerce Advertising (DCTCM) attracted a major share of worldwide guests. The continual efforts made by DCTCM to advertise Dubai worldwide was instantly accountable for driving 57 p.c of the entire visitation of 14.4 million worldwide guests in 2022, and producing hundreds of thousands of potential travellers for the longer term, particularly an anticipated substantial improve in travellers from 2023 to 2025. These advertising and marketing actions have additional strengthened Dubai’s place as a primary alternative vacation spot for international travellers and influenced 11 million people to plan their Dubai journeys. The campaigns have additionally impressed 6 million individuals so as to add Dubai to their ‘bucket checklist’ of locations to go to between this 12 months and 2025.

Constructing on the momentum throughout the tourism sector, Dubai welcomed 6.02 million worldwide guests through the first 4 months of this 12 months, an 18 p.c improve in comparison with the identical interval in 2022, a testomony to its rising international attraction as a must-visit vacation spot. This has additional validated Dubai’s rating because the No.1 international vacation spot for the second consecutive 12 months within the Tripadvisor Travellers’ Selection Awards 2023.

Dubai has additionally constantly outperformed main international locations comparable to London, Paris and Bangkok when it comes to journey bookings throughout 2022 and to this point in 2023. The typical customer spending in Dubai elevated by 6 p.c in comparison with 2019, additional consolidating its place as a number one international journey and tourism vacation spot.

DET continues to implement methods to keep up Dubai’s attraction for worldwide travellers by means of a spread of initiatives and actions together with international advertising and marketing campaigns, the promotion of Dubai’s gastronomy scene, the enlargement of the Vacation Properties sector and enhanced transparency and governance within the short-term rental market. Dubai in the end goals to be one of many high three city economies on the planet, and set up itself as a worldwide centre for a inexperienced and sustainable financial system, and a number one metropolis within the digital financial system.



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