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UAE Has Fulfilled Aspirations of Residents

DUBAI - Juma Al Majed, Chairman of the Dubai Economic Council (DEC), has said the UAE Federation has fulfilled the aspirations of residents, both nationals and expatriates, by achieving progress and prosperity.

This has contributed to making the UAE a regional and global centre of business and finance, and a crossroad of international economic and commercial networks.In a Press release on National Day on Tuesday, Al Majed said the anniversary of the formation of the federation is an appreciation and glorification of the past statesmen who contributed to building the country.

“On this occasion, it’s our duty to remember late Shaikh Zayed bin Sultan Al Nahyan and late Shaikh Rashid bin Saeed Al Maktoum and their brothers and rulers of the emirates who laid the foundation of the federation which has now become powerful and progressive.

The Dubai Economic Council, which was established in 2003, given its unique structure which includes leaders of the business community and representatives of local departments in Dubai, represents one of the historic initiatives of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President, and Prime Minister of the UAE and Ruler of Dubai, he said.

The council is part of all economic activities in Dubai and the UAE through its consultancy role in shaping the economic policies.

The council is involved in consultations regarding the economic strategic plans, policies, improving the business environment, investment climate, increasing productivity and enhancing the competitive advantage of Dubai. Over the last five years, the council had forwarded some crucial proposals that have contributed to the economic development process in Dubai in particular and the UAE in general.

These include revising the federal laws such as company law, labour law and competition law.

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