Sheikh Hamdan: Dubai’s transformation into global centre of Islamic economy goes as planned

The Islamic economy is growing rapidly in all sectors, and Dubai has ambitious projects that will be launched during the coming period as per a timetable to convert the capital of Dubai into a global capital of the Islamic economy before 2021, confirmed H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council.

“We have accumulated experience in this area, a clear roadmap, and strategic partners inside the country and abroad, and everyone works as a team to achieve our goal of developing the Islamic economies and their products globally, making the UAE the main global reference for all economic sectors,” H.H. Sheikh Hamdan said on the occasion of the Third Global Islamic Economy Summit (GIES), 2016.

There was continuous follow-up from Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum on the progress of the implementation of the plan to transform Dubai as a global capital of Islamic economy, he emphasised.

“All the indicators and figures reflect that we are on the right track to achieve the vision of His Highness Sheikh Mohammed bin Rashid, before 2021,” Sheik Hamdan added.

“Since the beginning, Dubai has realised the importance of Islamic economy, the support that has been offered to its economy, and its sophisticated infrastructure. Its strategic location in the heart of the Muslim world has made it a pioneer in Islamic economy with the launch of the first Islamic bank,” H.H. Sheikh Hamdan continued.

He reiterated that Dubai also launched the first Islamic financial market in the world, and today the growth of the Islamic economy is accelerating to become one of Dubai’s economic priorities, and the most important tools in its quest towards boosting its business and investment environment stature as well as its rising opportunities growth.

“We wish GIES all success as it focusses on the role by this sector as one of the most important sovereign and development tools, one of the major global economic stability factors, and to discuss key global developments in this sector, as well as how to take advantage of them to stimulate the development role played by the private and government sector by using the Islamic financial instruments,” the Dubai Crown Prince said in conclusion.

He also wished the delegates luck and a pleasant stay in their second country, the UAE.


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