Dubai The Dubai Executive Council yesterday approved the mid-term economic plan for the emirate of Dubai for 2012-2015 during a meeting held at Emirates Towers. The economic plan’s goals are in line with that of the Federal Government’s UAE Vision 2021 and Dubai Strategic Plan. The plan was approved during the council’s meeting chaired by Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai and First Deputy Chairman of the council.

Shaikh Maktoum ordered all economy-related bodies to boost the economy’s immunity while taking into consideration external factors to support sustainable economic growth in the emirate on the long run.

The council discussed the plan’s policies which is comprised of a number of initiatives, such as the development of regulatory framework for practicing economic activities, increasing the efficiency of job market performance, in addition to encouraging Emiratis to work in the private sector and prepare human capital that is well suited for this purpose.

The policies and initiatives will also develop the banking system, supporting the construction and real estate sector, and supporting exporting companies, especially SMEs, to overcome obstacles that they might face, and boosting Dubai’s position on the regional and international level as a leading destination for transportation and logistics