Sheikh Maktoum Leads Meeting On Enhancing Dubai's Economic And Financial Sector Development

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai and Minister of Finance, led a meeting of the Higher Committee for the Development of the Economic and Financial Sector in Dubai. The committee's plans, programmes, and strategic goals were reviewed during this session. H.H. Sheikh Maktoum emphasised Dubai's prominent position among global economic centres due to the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum.

He highlighted that the committee's role is to enhance Dubai’s economic and financial systems, ensuring they align with international standards and adapt to global economic changes. The committee will approve policies, update laws, improve transparency, encourage market listings, and attract investments in innovative sectors.

Prev

Next

The committee aims to elevate Dubai’s financial sector through high-impact initiatives approved by H.H. Sheikh Mohammed bin Rashid Al Maktoum. These initiatives are part of Dubai's drive towards global leadership in finance. The committee will also develop a comprehensive vision for the sector's advancement.

H.H. Sheikh Maktoum directed members to create innovative mechanisms to enhance Dubai’s economic standing globally. He stated that "Dubai continues to inspire with its exceptional showing on various global economic and financial indicators." This success places a responsibility on maintaining leadership and excelling further.

The Higher Committee includes Mohammad bin Abdullah Al Gergawi as Vice Chairman, along with other key members such as Mohammad bin Hadi Al Husseini and Omar Sultan Al Olama. Their responsibilities include reviewing laws governing economic sectors and enhancing governance within these areas.

The agenda focuses on strengthening Dubai as a leading centre for asset management by attracting global capital. It supports startups, scale-ups, unicorn companies, and fosters a competitive banking environment while promoting digital transformation through fintech innovations.

Promoting Investment Opportunities

Efforts will be made to promote listings on financial markets by simplifying procedures. This aims to position Dubai as a hub for economic activities, attracting diverse companies and investors from various sectors while promoting diversity across fields.

The committee will also focus on developing investments in areas like digital economy, fintech, advanced industries, virtual assets, entrepreneurship, and innovation—especially in future-focused sectors with high value-added potential.

Coordinating Efforts for Economic Integration

The committee plays a crucial role in endorsing policies supporting the Dubai Economic Agenda D33. It coordinates efforts among relevant entities to ensure integration of activities that promote sectoral development aligned with Dubai’s overarching strategy.

Monitoring future opportunities and challenges is essential for long-term success. The committee will frame recommendations to address or leverage these factors in coordination with stakeholders.

Enhancing Competitiveness Globally

A priority is enhancing Dubai’s competitiveness by streamlining policies that boost rankings in global indices. This ensures the emirate remains attractive to investors, talent, and innovation while developing an integrated ecosystem for economic activities.

The committee aims to launch initiatives aligned with global transformations requiring structural shifts in operational models. These initiatives empower investors by providing incentives and facilities for leveraging investment opportunities available in Dubai.

Plans will be developed to promote Dubai as a premier destination for investors locally and internationally. The execution of these plans will be overseen in collaboration with stakeholders across the emirate using data from economic sectors as reference points.

With inputs from WAM