Dubai: Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Government Council, right now visited the Division of Financial system and Tourism (DET), accompanied by 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 attain 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 initiatives and initiatives geared toward elevating the expansion of key financial sectors, Sheikh Hamdan stated Dubai is dedicated to producing new alternatives for the personal sector to contribute to efforts to consolidate the emirate’s rise because the world’s greatest metropolis to stay, work and go to. Sheikh Hamdan stated that Dubai stands on the cusp of a brand new section of fast progress 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 world modifications and leverage next-generation applied sciences to boost its future readiness, he stated. With its sturdy infrastructure, business-enabling providers and versatile globally-benchmarked legislative framework mixed with excessive ranges of security and safety, town affords entrepreneurs and traders an distinctive platform to grasp their aspirations, he added.
Sheikh Hamdan bin Mohammed and Sheikh Ahmed bin Mohammed had been obtained on the DET headquarters by Helal Saeed Al Marri, Director-Common of Dubai’s Division of Financial system and Tourism, and quite a few senior officers of DET.
Offering an summary of the work accomplished by DET and its subsidiaries, in addition to the progress made in numerous actions and initiatives based mostly on the Dubai Financial Agenda D33, Helal Saeed Al Marri highlighted the numerous progress in new enterprise institutions in Dubai within the first quarter of 2023. In line with the most recent DET information, 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 mechanically renewed registered a year-on-year (YoY) progress of 14 p.c within the first three months of the 12 months.
According to D33’s purpose of accelerating authorities spending, the Authorities Procurement Programme of DET delivered an distinctive efficiency in 2022. The programme awarded contracts and purchases value a complete of roughly AED1.12 billion to members of the Mohammed bin Rashid Institution for the Growth of Small and Medium Enterprises, a progress 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 know-how in industrial options inside the framework of initiatives designed to cement Dubai’s place as a worldwide hub for business and export.
World 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 immediately chargeable for driving 57 p.c of the overall visitation of 14.4 million worldwide guests in 2022, and producing hundreds of thousands of potential travellers for the long run, particularly an anticipated substantial enhance in travellers from 2023 to 2025. These advertising and marketing actions have additional bolstered Dubai’s place as a primary selection vacation spot for world 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 listing’ 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 enhance in comparison with the identical interval in 2022, a testomony to its rising world enchantment as a must-visit vacation spot. This has additional validated Dubai’s rating because the No.1 world vacation spot for the second consecutive 12 months within the Tripadvisor Travellers’ Selection Awards 2023.
Dubai has additionally constantly outperformed main world locations corresponding to London, Paris and Bangkok when it comes to journey bookings throughout 2022 and up to now in 2023. The common customer spending in Dubai elevated by 6 p.c in comparison with 2019, additional consolidating its place as a number one world journey and tourism vacation spot.
DET continues to implement methods to keep up Dubai’s enchantment for worldwide travellers by a spread of initiatives and actions together with world advertising and marketing campaigns, the promotion of Dubai’s gastronomy scene, the growth of the Vacation Houses sector and enhanced transparency and governance within the short-term rental market. Dubai finally goals to be one of many high three city economies on the earth, 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.