Mohammed Bin Rashid Discusses Dubai's Economic Vision With HSBC Chairman And Local Business Leaders
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, emphasised the UAE's strategic vision for development. This vision focuses on social, economic, and investment priorities. The nation is adept at anticipating future trends and seizing global opportunities. His Highness also highlighted the UAE's growing international influence as a force for positive change.
During his weekly Majlis at Za’abeel Palace, Sheikh Mohammed addressed attendees including H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and other dignitaries. The gathering included local leaders, senior officials, businesspersons, and members of the Federal National Council. Discussions centred on advancing development across various sectors.
Sheikh Mohammed underscored Dubai's commitment to fostering a business-friendly environment. He highlighted the partnership between public and private sectors as key to the UAE's developmental path. The country aims to create optimal conditions for businesses by adopting best practices that benefit humanity at large.
"We have nurtured a business environment characterised by openness, flexibility, and transparency," His Highness stated. He noted that regulatory frameworks are continuously reviewed to support growth. Dubai is seen as a forward-thinking economic partner and a hub for future creative sectors.
Dubai is recognised as a symbol of creativity and innovation. Its achievements are rooted in a strong work ethic and dedicated workforce. Ongoing efforts to enhance infrastructure reinforce Dubai's status as an investment hub, vital trade link, and leading tourism destination.
The discussions aligned with objectives from the Dubai Economic Agenda D33, Social Agenda 33, and Urban Master Plan 2040. These plans aim to keep pace with global developments while promoting sustainable growth in diverse sectors.
Global Financial Partnerships
On the sidelines of the Majlis, Sheikh Mohammed met Sir Mark Tucker from HSBC Holdings. Discussions focused on strengthening partnerships with global financial institutions like HSBC. His Highness stressed Dubai’s world-class infrastructure and agile legislation that supports industry needs in a changing environment.
HSBC has been operating in the UAE for over 76 years with significant integration into its financial sector. The bank employs 590 Emiratis and had a net profit of $1 billion in 2023 in the UAE alone.
Space Ambitions
An inspiring lecture by Emirati astronaut Mohammed Al Mulla titled ‘From the Desert to Space’ was part of the Majlis event. It highlighted UAE's space missions inspired by Sheikh Zayed bin Sultan Al Nahyan’s ambitions expressed in 1974 during a NASA delegation reception.
"With our arrival on Mars, the UAE has fulfilled a promise made half a century ago," Al Mulla said. This achievement underscores what determination can achieve for nations.
Sheikh Mohammed received 'Seventy Years with Sheikh Zayed and Sheikh Rashid: A Biography' as a gift from Sheikh Hilal bin Dhiyab bin Hilal Al Nahyan and his brothers. This book reflects on significant historical contributions by these leaders.
With inputs from WAM
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