Dubai DIEDCs initiatives in 2020 open promising opportunities

The meeting was chaired by Sultan bin Saeed Al Mansouri, chairman of DIEDC, and drew the participation of the board members, who reviewed updates on the initiatives launched in 2020, and proposed a series of new initiatives that will roll out in 2021.

Al Mansouri noted that the Islamic economy is a pillar of the national economy, and is particularly significant amid the shifting forecasts for 2021, and the unprecedented circumstances the world finds itself in today as it combats the economic impact of the Covid-19 pandemic. “The success of DIEDC’s initiatives reinforce the Islamic economy’s role as a key driver of the national economy and of Dubai, as a global capital of Islamic economy. As the world begins to recover from the Covid-19 pandemic and seeks lucrative and sustainable investment opportunities, we have the responsibility to leverage Dubai’s solid economic infrastructure and secure environment in making a positive change in the coming year.”

Furthermore, he stressed that the DIEDC will continue implementing its refreshed strategy and is confident that the upcoming year will see the achievement of many more successful milestones for the Islamic economy. He commended the UAE’s overall ranking among the top three countries in the Global Islamic Economy Indicator and attributed the success to the efforts of DIEDC and its strategic partners.

Essa Kazim, governor of the Dubai International Financial Centre (DIFC), said: “The Islamic economy has proven its vitality and registered a tangible impact in developing economies across the globe. Dubai’s own economic model, put forward early on, carefully factored in the shifts worldwide and the need to focus on the Islamic economy to ensure sustainable progress.”

He noted that Dubai’s ability to benefit from the Islamic economy ecosystem’s opportunities in the very early days reiterates the vision of the nation’s wise leadership, and the accuracy of its forecasts.

Abdulla Mohammed Al Awar, CEO of DIEDC, said: “Dubai has been able to provide the Islamic economy with the infrastructure required to shape a thriving ecosystem, positioning the emirate as a preferred destination for all activities focused on growing the Islamic economy. The Islamic economy has proven its resilience in accommodating the fluctuations that have stricken global economies. DIEDC’s key role is to ensure equitable development and growth of the Islamic economy sectors. We are confident about executing all planned initiatives in 2021, and further advancing initiatives that were previously launched.”