Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, on Sunday issued six decrees, formulating the legal framework for Dubai Chambers and setting up their boards of directors.
The new legislations aim to strengthen Dubai’s position as a global economic hub, provide all forms of support for all components of the economic system, protect the interests of the business community in Dubai and develop the emirate’s business environment.
The new legislations include a decree replacing ‘Dubai Chambers’ with the ‘Dubai Chamber of Commerce and Industry’, another decree appointing Juma Al Majid as its honorary president, and one more decree forming the board of directors of Dubai Chambers. The board will be chaired by Abdulaziz Abdullah Al Ghurair.
As per the new legislation, Dubai Chambers' main responsibility is to develop plans and policies to enhance the emirate's global status as an economic hub and create an attractive business environment.
Sheikh Mohammed bin Rashid also issued a Decree forming the Board of Directors of Dubai Chambers under the Chairmanship of Abdul Aziz Al Ghurair. Members of the Board include Faisal Juma Khalfan Belhoul, the Vice Chairman; Khalid Juma Al Majid Al Muhairi; Omar Sultan Al Olama; Omar Abdullah Al Futtaim; Sultan Ahmed bin Sulayem; Helal Saeed Al Marri; Buti Saeed Mohammed Al Ghandi; Dr. Raja Easa Al Gurg; Dr. Amina Abdul Wahed Al Rostamani; Tariq Hussain Khansaheb; Raji Patrick Chalhoub; and Ghassan Ahmed Yahya Al Kibsi.
Abdul Aziz Al Ghurair, Chairman of the Board of Directors of Dubai Chambers and Chairman of the Board of Directors of Dubai Chamber of Trade, said that the new Decrees enhance Dubai Chambers’ ability to contribute to the emirate's strategic economic objectives and establish Dubai's leading position in the global economy, while keeping pace with changes in the digital economy and international trade.
Furthermore, Sheikh Mohammed bin Rashid issued a Decree forming the Board of Directors of Dubai Chamber of Trade under the Chairmanship of Abdul Aziz Al Ghurair. Members include Faisal Juma Khalfan Belhoul, the Vice Chairman; Khalid Juma Al Majid Al Muhairi; Omar Abdullah Al Futtaim; Majid Hamad Rahma Al Shamsi; Mohammed Abdulghaffar Hussain; Buti Saeed Mohammed Al Ghandi; Tariq Hussain Khansaheb; Dr. Raja Easa Al Gurg; Dr. Amina Abdul Wahed Al Rostamani; Hind Mohammed Khalfan bin Kharbash; Raji Patrick Chalhoub; Shehab Mohammed Abdulkhaliq Gargash; Saeed Saif Ahmed Al Ghurair; and Hisham Abdullah Mohammed Al Shirawi.
Sheikh Mohammed bin Rashid also issued a Decree forming the Board of Directors of Dubai Chamber of International Trade under the Chairmanship of Sultan Ahmed bin Sulayem. Members of the Board include Helal Saeed Al Marri, the Vice Chairman; Dr. Habib Mohammed Mulla; Ahmed Ali Mohammed Al Khalafi; Nabil Habayeb; Ghassan Ahmed Yahya Al Kibsi; Mohammed Nadir Khalid Al Haffar; Rani Raad; Stephen Colin Moss; Mark David Willis; Remi Agil; Sanjiv Kakkar Bhavani; Elissar Farah Antonios; Julia Elizabeth Thomas; May Nasrallah-Merville; Rola Butros Zakaria Abu Manneh; Anuj Ranjan; and Shukri Ali Shukri Eid.
Sultan Ahmed bin Sulayem, Chairman of the Board of Directors of the Dubai Chamber of International Trade highlighted the importance of the Decrees for Dubai and the organisation’s commitment to meet the aspirations of the emirate’s business community, realise Dubai’s strategic vision, support the interests of companies, businessmen and investors and contribute to achieving the emirate’s economic objectives.
In addition, Sheikh Mohammed bin Rashid Al Maktoum issued a Decree forming the Board of Directors of the Dubai Chamber of Digital Economy under the Chairmanship of Omar Sultan Al Olama. Members of the Board include Ahmad Abdullah Juma bin Byat, the Vice Chairman; Hamad Obaid Al Shaikh Al Mansoori; Khalid Ahmed Humaid Al Tayer; Rashid Abdullah Ahmed Al Ghurair; Fadi Ali Ismail Ghandour; Mona Haidar Ataya; Hend Abdul Hameed Siddiqui; Rashid Mohammed Ali Al Abbar; Mansoor Khalifa Sultan bin Habtoor; Ronaldo Mashhour; Muddathir Elias Shaikha; Elissa Freiha; and Dany Farha.
Omar Sultan Al Olama, Chairman of the Board of Directors of Dubai Chamber of Digital Economy, noted that the Decrees reflect Dubai’s clear strategic economic vision and the emirate’s keenness to keep pace with developments in the digital economy. The Decrees will create a supportive legislative framework and an attractive environment for specialised entities and the development of advanced logistical capabilities.
The Decrees also create strategic frameworks for Dubai Chambers to work to advance Dubai's economic growth and provide effective support to all traditional and emerging business sectors. Furthermore, the Decrees highlight Dubai's commitment to supporting national and family corporations by providing a fertile ground for their growth and development into competitive global companies. The Decrees also seek to develop new generations of trained and qualified businessmen and entrepreneurs who can support the national economy in expanding its global horizons and contribute to achieving Dubai’s ambitious economic vision.
The new Decrees gives businesses and foreign investors an opportunity to contribute to the development of trade policies, regulations and legislations for various sectors, further strengthening the public-private partnership that has underpinned Dubai’s exceptional growth and achievements.
Acknowledging the vital role played by SMEs and entrepreneurs in the national economy, the Decrees also seek to provide them tools to develop their business and opportunities to tap local and global markets.