In a pivotal move to bolster Dubai’s standing in the international economic arena, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the Supreme Committee for the Development of the Economic and Financial Sector in the Emirate of Dubai, chaired a meeting that focused on reviewing the committee’s action plan and outlining key objectives for the forthcoming period.
Sheikh Maktoum emphasized Dubai’s significant economic stature globally, attributing it to the visionary guidance of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. He highlighted that the ongoing development of the economic and financial sectors is a continuation of efforts to reinforce the emirate’s role as a global economic and financial hub, offering an optimal business environment for various sectors.
The Supreme Committee’s mandate includes formulating and approving overarching economic and financial policies, revising and updating sector-specific laws and regulations, enhancing transparency and governance, encouraging listings in financial markets, and attracting investments in innovative, high-value sectors.
Sheikh Maktoum underscored the committee’s role in elevating the economic and financial sectors to new heights, aligning with Dubai’s future aspirations and strengthening its position among the world’s leading economic and financial cities. He called upon committee members to develop innovative mechanisms to support and enhance Dubai’s dynamic and attractive economic model.
The committee’s leadership includes distinguished figures, with His Excellency Mohammed bin Abdullah Al Gergawi, Minister of Cabinet Affairs, serving as Vice Chairman. Other members comprise senior officials and industry leaders representing key sectors of Dubai’s economy.
This strategic initiative reflects Dubai’s commitment to continuous development, innovation, and responsiveness to global economic changes, ensuring the emirate’s sustained leadership and excellence in the economic and financial sectors.
