Dubai GDP rises 4.4% to $65.6bn as Shiikh Hamdan boosts private sector partnership
Dubai’s economy grew by 4.4 percent in the first half of the year to reach AED241BN ($65.6bn), the Chairman of Dubai, the minister of defense in Dubai AL The economic agenda of Dubai, D33.
Sheikh Hamdan used the latest edition of the Dubai Majlis to call for deeper collaboration with businesses and a sharper focus on identifying new opportunities for growth.
Hosted by Dubai’s Department of Economy and Tourism (Defe) and Dubai at Qasr al Bahr, the Majlis brought together 260 leaders from the government, multinational companies, digital businesses and large businesses in Dubai.
Creativity and partnership
Sheikh Hamdan said: “We have long been at the heart of Dubai’s economic journey, allowing the city to adapt to global conditions, and the emergence of new technological needs and new business practices.
“Inspired by the vision of his majesty Sheikh Mohammed Bin Rashid Al Mashid Al Mashid Al Maktoum, and Vice President of UAAI, D33, to join this private sector, and actively collaborate with businesses that will inform new ways of their growth,”
Sultan Bin Saeed Al Mansoori, the chairman of Cubai, said: “The global environment is moving fast, influencing new technologies, and the ability to advance.
“Dubai Majlis has been a platform where meaningful discussions take place, and where the discussions go through and help guide the directions, they inform that the economic agenda is met, the D33 takes an active form by discussing and making a shared effort.
Public-private transition
“Dubai’s story has always been one of collaboration, with governments and businesses working side by side and leaders uniting a common goal. Our progress has always been stronger when it comes together when it comes together where it comes together where it comes together.”
Helal Saeed Almarri, director general of Det, said: “He was inspired by the vision of his genius Sheikh Mohammed Bin Rashid Al Makhwid Bin Rashid Al Maktoum, and the relentless focus on opening up new opportunities.
“Bringing together senior leadership from government and the private sector, the Dubai Majlis continues to provide a platform for Dubai’s growth and competitiveness through our initiatives, as well as strengthening Dubai’s position as a Global Economical Hub.”
D33 objectives
Hadidri, deo manager of the Dubai Economic Development Corporation (DEDC), said: “The Dubai Majlis serves as an important forum for senior leaders from the public and private sectors, and has made clear commitments to advancing the goals of the D33 Agenda.
“Together, we are creating a strong, competitive, and ready competition not only to meet economic needs but to take them to higher heights.
“We welcome the opportunity to find new ways through the private sector and invite businesses to join us in identifying and opening new opportunities for growth.”
20 important conversations
During the majlis, participants explored 20 of the most important topics aimed at accelerating Dubai’s economic progress. Discussions focused on strengthening competition, supporting investment-friendly reforms, creating jobs and identifying new growth engines.
Attendees also reflected on global economic trends and the strategies needed to strengthen Dubai’s position as a leading global city for business, tourism, talent and long-term investment.
