Business | General

Dubai Department to name economic research winners

The Dubai Department of Economic Development (DED) will announce the winners of the Dubai Economic Research Award (Dera) at a ceremony to be held under the patronage of Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, on February 25.

  • Staff Report
  • Published: 01:13 February 24, 2008
  • Gulf News

Dubai: The Dubai Department of Economic Development (DED) will announce the winners of the Dubai Economic Research Award (Dera) at a ceremony to be held under the patronage of Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, on February 25.

The DED launched Dera in 2004 to promote economic research that supports Dubai's economic growth and to establish a research database in the UAE. The awards, to be presented in three categories such as professionals, faculty members and students, are open to te UAE nationals and other researchers living in the UAE at the time of submission of the research papers.

"The Dubai Economic Research Award plays an important role in achieving the objectives of the Dubai Strategic Plan announced by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai. The Dera team has received research papers on various sectors: finance and banking, trade, tourism, real estate and construction, health, education and communications and IT," said Khalid Al Kassim, DED Deputy Director General for Planning and Development .

Issues in focus

"General economic issues such as the investment climate in the UAE, the UAE competitiveness advantage, development of small and medium enterprises (SMEs), re-engineering the Dubai government, and ways and means of diversifying the UAE income sources were part of the subjects covered by the participating researchers," Al Kassim said.

Saeed Rashid Al Suwaidi, Director of Economic Studies, DED and head of the Dera steering committee, said: "A large number of participants, representing different categories, applied for the award, and we hope the results of their research will be used by decision makers in economic planning for the prosperous development of the UAE."

Three prizes of Dh100,000, Dh80,000 and Dh60,000 will be awarded to the winners in the professional category. The winners in the faculty members category will receive three prizes of the same amount, while winners in the students category will receive three prizes of Dh30,000, Dh20,000 and Dh15, 000.

The award covers 10 economic sectors: tourism, oil & gas, health, education, communications and IT, finance and banking, industry, trade, real estate and construction, and transport and storage.

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