Officials: The decision enables investors to reduce time and cost – UAE – news and reports

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Government officials and economic events in Dubai confirmed that the directive of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, to facilitate business procedures and simplify government requirements by 30% within three months, enables investors and companies to shorten time and reduce costs.

partnership

Abdul Rahman Saleh Al Saleh, Director General of the Department of Finance in the Government of Dubai, said that the department has been keen to manage the financial aspect of the pandemic crisis since its inception, wisely, in light of the wise guidance of the wise leadership, pointing out that the incentive packages provided by the government to the business sectors paid off, and contributed In the beginning of the gradual return of the wheel of life in many sectors to rotation

He stressed that the Dubai government is continuing its efforts to complete the emirate’s initiatives aimed at reducing the cost of doing business, stimulating economic growth and enhancing the attractiveness of the business environment for investors.

Sultan Ahmed bin Sulayem, Chairman and CEO of DP World Group and Chairman of the Ports, Customs and Free Zone Corporation, said: Through its initiatives aimed at reducing the cost of doing business and stimulating economic growth, Dubai presents a model for various regions and countries that are working to restore their economic activity. And the resumption of upward growth after overcoming the “Covid 19” pandemic.

He added: Facilitating the procedures for doing business and simplifying government requirements by 30% within three months to culminate Dubai’s initiatives with new steps that give the business sector in the emirate distinct opportunities to improve the pace of its performance during the next stage through this initiative that enables investors and companies to shorten time and reduce costs, allowing They have improved their financial returns so that Dubai proves once again that it is the best destination for foreign investment.

Ahmed Mahboub Musabih, Director General of Dubai Customs, said: Dubai is completing a package of economic incentives to support business sectors and companies and attract foreign investments by launching a stimulus initiative, which confirms the role of leadership in continuing to reduce burdens on companies of all kinds, and standing by them to recover quickly from the effects of the pandemic. .

He stressed that these measures will enhance Dubai’s competitiveness as a global capital of finance and business and a strategic hub for trade and increase its investment attractiveness, as Dubai provided stimulus packages that exceeded 7.1 billion dirhams during the “Corona” stage, which directly contributed to supporting companies and maintaining the momentum of their activity and pushing them to overcome the current difficulties. .

Ahmed bin Shafar, CEO of Empower, said that Dubai reads the regional and global economic developments in depth, keeps pace with its entitlements with skill, and develops existing mechanisms to rise to the ranks of challenges and turn them into qualitative opportunities.

Therefore, the directive to facilitate the procedures for doing business is a new economic driver for the various existing commercial activities and a stimulus fuel for new companies under establishment, and it will bring tangible benefits and gains to companies and the local economy.

He explained that the business sector’s confidence in the Dubai government’s keenness on its success and growth grows and becomes entrenched with every decision it takes, aiming at expanding the horizons of business growth and creating new opportunities for investors that meet their aspirations and future plans, and strengthening partnership with the private sector is a strategic goal because it is a major component of development.

two sectors

Businessman Ahmed Saif Belhasa, President of Belhasa Holding Group, said that the investment climate in Dubai since its establishment was born as a result of the collaboration of the government and private sectors, and today it is firmly entrenched thanks to the government’s flexibility and efficiency policies that ensure a more solid ground for attracting business, ease of practice and growth.

He explained that the directive to facilitate business procedures and simplify government requirements is a vivid example of the effectiveness of the procedures followed by the Dubai government in consolidating its position globally as a business incubator.

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