DED marks 25 years of promoting diversification, supporting sustainable growth

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Staff Report

Dubai: The Department of Economic Development (DED) in Dubai along with its agencies – Dubai SME, Dubai Exports, and Dubai Investment Development Agency (Dubai FDI) – launched its Silver Jubilee celebrations after completing 25 years in regulating economic activity and supporting economic diversification and sustainable development in the emirate through enhancing ease of business, ensuring commercial compliance and consumer rights protection, supporting entrepreneurship and small and medium enterprises (SMEs), promoting foreign trade and exports and attracting capital into knowledge-intensive and innovation-driven initiatives.

Mohammed Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future, said: “The economic boom in the UAE, and particularly in Dubai, embodies the leadership and directives of President His Highness Sheikh Khalifa Bin Zayed Al Nahyan and the remarkable vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. The future-oriented and proactive approach of His Highness Sheikh Mohammed Bin Rashid Al Maktoum and his readiness to explore opportunities overcome challenges and provide the necessary tools to achieve progress have been critical in positioning Dubai in the forefront as a city and a global economic hub”.

Essa Kazim, Governor of the Dubai International Financial Centre and Chairman of the Dubai Financial Market, said: “I am proud of the achievements of the DED over the past 25 years, especially in achieving the aspirations of the Government of Dubai to support quality and excellence as well as the application of best practices across all sectors in the UAE, being one of the team members who worked on the initiative”.

“The Business Excellence Awards of the Department of Economic Development serve as a performance metric of companies in Dubai and as a catalyst in the race for excellence. It also motivates others to adopt globally accepted quality standards and also promotes sustainable development principles in the business sector”, added Kazim.

“The Business Excellence Awards of the Department of Economic Development serve as a performance metric of companies in Dubai and as a catalyst in the race for excellence. It also motivates others to adopt globally accepted quality standards and also promotes sustainable development principles in the business sector”, added Kazim.

Mohammed Ali Alabbar, Chairman of Emaar Properties, said: “I congratulate the Department of Economic Development on celebrating its 25th anniversary and I am proud to be one of its founders along with a limited number of hard-working and committed individuals who adhered to the wise directives and vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum.”

Sami Al Qamzi, Director General of DED, commented: “Today we are celebrating the 25th anniversary of our mission to support economic diversification and enhance competitiveness across all levels in Dubai. We have made significant gains in this mission and launched varied initiatives that have enabled sustainable economic development built on a broad base of high-value-added economic activities.”