|09 December, 2019

Dubai Chamber-led advisory council outlines plans to boost economic competitiveness 

Newly formed International Advisory Council recently held its first meeting which focused on efforts to stimulate business activity in Dubai

Dubai Chamber-led advisory council outlines plans to boost economic competitivenessnbsp;
  • Advisory council is among key stimulus initiatives launched by Dubai Chamber under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai

Dubai, UAE: The newly formed International Advisory Council recently held its first meeting at the Dubai Executive Council’s headquarters where member companies discussed efforts to boost economic competitiveness and stimulate business activity in Dubai.

The council, established by Dubai Chamber of Commerce and Industry, announced its plans to review existing regulation, address challenges faced by the business community in Dubai, and bring forward new policy recommendations to enhance the emirate’s attractiveness as a global business hub. 

Offering valuable insights on market conditions, the advisory council is joined by several Fortune 500 and leading companies operating in Dubai such as Amazon, Google, and PepsiCo, MasterCard, MetLife, General Electric, General Motors, UPS, Mondelēz International, Procter & Gamble, Careem and McKinsey & Co.

The advisory council is among the key stimulus initiatives launched by Dubai Chamber under the directives of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

During the meeting, council members examined the growing role played by startups and e-commerce in contributing to the economy and stressed the important of adopting measures that support the growth of companies operating within these sectors.

The attendees highlighted the need to form specialised working groups comprised of key stakeholders from the public and private sectors who can share their feedback on business-related matters, in addition to their suggestions for improving existing policies.

Addressing council members, H.E. Hamad Buamim, President & CEO of Dubai Chamber, described the advisory council as a microcosm of Dubai’s diverse business community and said member companies would act as ambassadors promoting the city as preferred place to do business.

By establishing the council, Dubai Chamber has created an ideal platform to facilitate public-private partnerships that can stimulate business activity and boost investor confidence in Dubai, H.E. Buamim said, adding that multinational companies play a crucial role in cementing the emirate’s reputation as a global business hub, fostering a culture of innovation and driving economic growth.

-Ends-

Established in 1965, the Dubai Chamber of Commerce & Industry is a non-profit public entity, whose mission is to represent, support and protect the interests of the business community in Dubai by creating a favourable business environment, supporting the development of business, and by promoting Dubai as an international business hub.

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For more information, please contact:
Ruba Abdel Halim
Manager, PR & Corporate Communications
Tel: +971 4 2028450
Email: ruba.halim@dubaichamber.com 

© Press Release 2019

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