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Dubai gets new corporations under Department of Economy and Tourism to boost growth

Subsidiaries to target drivers such as business attractiveness, ease of doing business, consumer protection and sectoral governance.

Business activity in the Dubai's non-oil private sector economy remained strong in December. Pawan Singh / The National

Sheikh Mohammed bin Rashid , Vice President and Ruler of Dubai, issued laws to establish three new subsidiaries of the emirate’s Department of Economy and Tourism.

The new subsidiaries include the Dubai Corporation for Consumer Protection and Fair Trade, the Dubai Business Licence Corporation (DBLC) and the Dubai Economic Development Corporation (DEDC).

They aim to boost various economic growth drivers such as business attractiveness, development initiatives, ease of doing business, consumer protection and sectoral governance, Dubai Government Media Office said on Wednesday.

We launched 3 new subsidiaries of @DubaiDET - Dubai Economic Development Corporation, Dubai Business License Corporation & Dubai Corporation for Consumer Protection & Fair Trade. Aligned with D33 agenda, the move is aimed at creating the world’s best business environment in Dubai pic.twitter.com/wLYwGbcxrk — Hamdan bin Mohammed (@HamdanMohammed) February 8, 2023

They will also back DET’s mandate of supporting the goals of the Dubai Economic Agenda D33 that was announced last month. It intends to double the size of the emirate’s economy and consolidate its position as one of the world’s top three cities.

“We constantly seek to enhance the supportive framework needed to enhance growth, economic value and innovation in Dubai,” Sheikh Hamdan bin Mohammed , Crown Prince of Dubai, said.

“We are working to raise Dubai’s status as a preferred destination for global companies, investment and talent by investing in human development and advanced technology, raising the city’s global competitiveness and innovation capabilities, reinforcing its knowledge-based economy and building on the advantages gained from the city’s strategic location and advanced infrastructure.”

The newly formed organisations will work together to enhance sustainable economic growth and Dubai’s attractiveness as a global fair-trade destination.

They will seek to generate new avenues for “growth, development and innovation, working closely with key governmental and private sector partners”, Helal Al Marri, DET’s director general, said.

“Based on a common vision for Dubai’s economic and social progress in the coming decade and beyond, they will set clear priorities and enabling levers to integrate new generations of Emiratis into the private sector and make Dubai a hub for skilled workers and a focal point for global multinational companies, national SMEs, trade, manufacturing and the new economy,” he said.

DEDC’s goals include enhancing Dubai’s economic competitiveness, implementing economic development plans, supporting diversification and sustainability of the emirate’s economy, attracting foreign investment and global talent in vital sectors, strengthening Dubai’s position as a global destination for investments and entrepreneurship in the digital economy, and establishing projects focused on advancing innovation, artificial intelligence and technology.

While DBLC aims to strengthen the emirate’s position as a global commercial hub and create an environment for attracting increased investment in various sectors. It will also streamline licensing procedures for business establishments.

The Dubai Corporation for Consumer Protection and Fair Trade will work towards creating a conducive environment for fair trade and competition. It will boost economic stability by ensuring consumer protection and competitiveness of the business sector, the statement said.

Business activity in Dubai's non-oil private sector economy remained strong in December, boosted by a sharp increase in output as new orders climbed amid rising customer demand at the end of last year.

The emirate's seasonally adjusted S&P Global purchasing managers' index reading in December edged higher to 55.2, from 54.9 in November, firmly above the neutral 50 mark separating expansion from contraction.

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UAE: Merging of Dubai Economy and Tourism Office

• Merging of the Economy and Tourism Office into one entity

The United Arab Emirates (UAE) government announced the merging of the Dubai Economic and Dubai Tourism departments into one department under the name of Dubai’s Department of Economic and Tourism. This change is intended to enhance the efficiency of government work in Dubai and maintain the competitiveness of the business and tourism sectors in the country.

What are the Changes?

The Department of Economy and Department of Tourism will form one government entity to change the support offered under the economic and tourism sectors.

Looking Ahead

The Dubai Department of Economy and Tourism is expected to develop new policies and strategies to improve the economy and business sectors of the country. Continue to check the UAE government website .

Source: Emirates News Agency

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Dubai Economy, Dubai Tourism to merge & become ‘Dubai’s Department of Economy and Tourism’

His Highness Sheikh Mohammed bin Rashid Al Maktoum, has issued a decision to merge Dubai Economy and Dubai Tourism into one entity under the name ‘Dubai’s Department of Economy and Tourism’.

His Highness also issued a decision appointing Helal Al Marri as Director General of the newly formed Department.

His Highness said:

"The newly formed Department seeks to support the economic and tourism transformations taking place in the emirate. It will adopt the same competitiveness and efficiency of the private sector and work together with it on various development projects." "Dubai’s economy has witnessed different phases of development throughout its history, which has helped shape the city’s current status as a model for economic development and a preferred destination for tourism. Today, our ambitions have grown bigger and our priorities have changed. Raising our global competitiveness requires new ways of thinking," His Highness added.

The Department is tasked with meeting seven targets to further strengthen Dubai’s leading position in tourism and economy and make it the world’s best city to live in and work, His Highness said. These include increasing the added value of the industrial sector by 150% in the next five years, expanding export markets for local products by 50% and increasing the number of tourists coming to Dubai by 40% to 25 million visitors by 2025.

The newly launched entity is also tasked with making Dubai one of the top five global cities in the main economic indicators, attracting 100,000 companies in three years as well as 400 global economic events annually by 2025. The new entity is also tasked with encouraging private and family-owned businesses to get listed on Dubai bourse.

His Highness concluded.

"Our message to the Department’s team is that Dubai today is different than yesterday. The future of Dubai will depend on your performance, ideas and efforts,"

The Department of Economy and Tourism will also work to promote Dubai’s competitiveness in attracting foreign investments, increase exports, support SMEs, and develop new plans for Dubai’s new economic sectors.

The new structure will support decision makers in developing policies and assessing the strategic performance of the economic sector. The ultimate goal of the restructuring is to achieve the vision of HH Sheikh Mohammed bin Rashid to create a government model that is flexible, efficient and rapid in taking decisions. The new structure will also help facilitate and reduce procedures related to the issuance of trade and tourism licenses to further promote Dubai’s competitiveness, and achieve the optimum usage of the human and financial capital.

News Source: Emirates News Agency

Written by HiDubai Newswire

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Sheikh Mohammed merges Dubai’s economy and tourism departments

Helal Al Marri has been named as director general of Dubai’s Department of Economy and Tourism

Two key government departments, Dubai Economy and Dubai Tourism, will now be merged under a single entity called Dubai’s Department of Economy and Tourism.

A decision to this effect was issued on Saturday by Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai who is also the Vice President and Prime Minister of the UAE.

Helal Al Marri, who was recently appointed as the head of the new board of directors of Dubai Financial Market, has now been named as director general of the newly formed department too.

Read: New board of directors announced for Dubai Financial Market

The Department of Economy and Tourism is tasked with meeting seven targets to strengthen the emirate’s position in tourism and economy. These include increasing the added value of the industrial sector by 150 per cent in the next five years, expanding export markets for local products by 50 per cent and increasing the number of tourists coming to Dubai by 40 per cent to 25 million visitors by 2025.

The new entity is also tasked with making Dubai one of the top five global cities in the main economic indicators, attracting 100,000 companies in three years as well as 400 global economic events annually by 2025.

Furthermore, it is also tasked with encouraging private and family-owned businesses to get listed on Dubai bourse, according to state run news agency WAM.

In his capacity as Ruler of #Dubai , @HHShkMohd issues a decision to merge @Dubai_DED and @dubaitourism into one entity under the name ‘Dubai’s Department of Economy and Tourism’. https://t.co/9OPAqmAo5G — Dubai Media Office (@DXBMediaOffice) November 6, 2021

The Department of Economy and Tourism will work to attracting foreign investments, increase exports, support SMEs, and develop plans for Dubai’s new economic sectors.

The new structure will support decision makers in developing policies and assessing the strategic performance of the economic sector. The goal of the restructuring is said to create a government model that is flexible, efficient and able to take rapid decisions.

The new structure will also reportedly help facilitate and reduce procedures related to the issuance of trade and tourism licenses to promote Dubai’s competitiveness, and achieve the optimum usage of the human and financial capital.

“The newly formed department seeks to support the economic and tourism transformations taking place in the emirate. It will adopt the same competitiveness and efficiency of the private sector and work together with it on various development projects,” said Sheikh Mohammed.

“Dubai’s economy has witnessed different phases of development throughout its history, which has helped shape the city’s current status as a model for economic development and a preferred destination for tourism. Today, our ambitions have grown bigger and our priorities have changed. Raising our global competitiveness requires new ways of thinking.”

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Tourism Performance Report January - December 2023

Performance reports

Wed, January 17, 2024

Dubai welcomed 17.15M overnight visitors in Jan - Dec 2023, with an increase of +19% compared to Jan - Dec 2022.

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Total international visitors

• 17.15 M in 2023
• 14.36 M in 2022
• 16.73 M in 2019

Dubai's high-end property sales rise on overseas demand

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