A series of major strategic initiatives and development projects launched by the Government of Dubai during the past two years will limitlessly benefit emirate's Strategic Plan, which is a road map for the future of Dubai, said Juma Al Majid, Chairman of Dubai Economic Council.
"Thousands of tourists are pouring into the emirate from various countries around the world, goods are being imported and exported East and West, we see diligence in the banking activity and the movement of capital across borders, the real-estate upswing made the emirate an important destination for businessmen and a magnet for international investment," he said.
Juma Al Majid said Dubai's economy was built on economic freedom and entrepreneurship.
Through its economic march spanning more than four decades, he said Dubai has managed to overcome a lot of challenges and crises that have overshadowed the Middle East and the global economy. Dubai turned challenges into opportunities of sustainable growth.
Al Majid stressed that the victory of the emirate winning the bid to host "Expo 2020" is a sustainable outcome of economic achievements, placing emirates at the forefront of the region's countries and at the top of the ladder of international competitiveness.
Juma Al Majid said the most important characteristic of the Dubai experience is the approach it has adopted for excellence and competitiveness, especially in areas that have a comparative advantage, such as trade, tourism, logistics, banking and transport.
He said facts and figures prove that Dubai's economy has become one of the most vibrant economies in the region and the world's fastest-growing, reflecting the strength of the foundations on which it is held.
© Emirates 24|7 2014
