Dubai FDI and partners review investor-friendly initiatives

Press release
Published May 23rd, 2017 - 09:31 GMT
During the workshop
During the workshop

Dubai Investment Development agency, an agency of Dubai Economy, hosted an ‘Investment Partners’ Engagement Workshop’ to strengthen communication bridges between Dubai FDI’s partners and relevant government entities. The workshop was part of Dubai FDI’s strategic focus on updating investors on the initiatives and policies aimed to attract, retain and grow foreign investment by leveraging the emirate’s advantages as a regional gateway and global hub.

Representatives from local and federal government entities, including the Ministry of Human Resources & Emiratisation and General Directorate of Residency & Foreigners’ Affairs (GDRFA), along with those from the Business Registration & Licensing (BRL) and Commercial Compliance & Consumer Protection (CCCP) sectors in Dubai Economy and Dubai FDI addressed representatives from the private sector during the half-day workshop.

Fahad Al Gergawi, CEO of Dubai FDI, said the workshop is an important knowledge initiative towards improving transparency and predictability in the business environment in Dubai. “Sustained communication between public and private sector enablers in the investment and business domains is critical to attracting and retaining high-value-added financial as well as human capital, particularly in a fast-evolving and diversified economy like Dubai,” Al Gergawi said.

“Bringing our partners and investors together on a common platform enables them to identify and utlise opportunities for growth, partnership and innovation. The development vision and strategy of the leadership have enhanced investor confidence in Dubai and we seek to help them trace the road ahead and move forward with confidence and certainty,” added Al Gergawi.

Participants in the workshop shared updates on the policies and programmes being adopted by their respective entities to facilitate the set-up, growth and retention of foreign investment in Dubai. The workshop also discussed investor concerns and growth barriers, thus setting the tone for further reforms and initiatives to impact investment.

The UAE is witnessing varied initiatives at the federal and local levels to promote enterprise start-up and growth, ease of doing business, and access to local as well as foreign markets, Al Gergawi said. Recent reforms in public-private partnerships, smart government, intellectual property protection and visa on arrival to select nationalities are of particular significance to investors.

“As an investment development agency our mission is to consolidate these advantages, reinforcing Dubai and the UAE as investment destinations of choice. The takeaways from the workshop will enable Dubai FDI to share strategic updates with partner business formation specialists and also provide the right connections to optimise the investor journey in Dubai,” Al Gergawi concluded.

Background Information

Dubai Trade

Dubai Trade is the premier trade facilitation entity that offers integrated electronic services from various trade and logistics service providers in Dubai under a single window. It underlines Dubai's position as the ideal base for trading across borders with its unique geographical location, excellent infrastructure and seamless processes across the private sector and government agencies.

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