UAE ‘has clear vision’ on economic diversification

Dubai: The UAE has a clear and comprehensive vision to diversify its economy and achieve an optimal balance between its various sectors to ensure sustainability and create new business opportunities, said Hamad Bu Amim, president and CEO of Dubai Chamber of Commerce and Industry.

Bu Amim was speaking at a ‘Meet the CEO’ event organised by the Government of Dubai Media Office (GDMO). Bu Amim said that the vision of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, is to create a solid foundation for the post-oil era by diversifying the economy and strengthening trade.



Bu Amim said that analysis conducted by Dubai Chamber has projected steady growth in Dubai’s markets in 2018. Expressing his optimism about Dubai’s prospects, he noted that the emirate’s economy is expected to grow by 3-4 per cent in the 2017-2018 period. He also highlighted Dubai’s competitive advantages, which have enabled it to attract a high volume of foreign direct investment that exceeded $3 billion (Dh11 billion) in the first half of 2017.

Speaking about Dubai Chamber’s own strategy, Bu Amim revealed that the chamber is working to reinforce its role as a trusted partner to Dubai’s business community and a bridge between business and government. He explained that the chamber’s new customer-oriented strategy aims to boost competitiveness and growth in the private sector in line with Dubai Plan 2021.



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