Shaikh Mohammad during a business workshop that saw participation of businesspersons from the private sector and directors of relevant government departments. The seminar is part of a series of government initiatives aimed at boosting Dubai’s economy. Image Credit: WAM

Dubai: A business workshop attended by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, is part of a series of government initiatives aimed at boosting Dubai’s economy.

The workshop afforded business people — from companies ranging from start-ups and small- and medium-sized enterprises (SMEs) to global multinationals — to opportunity to explore ways to keep Dubai attractive to the business community.

In March, Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, announced that the emirate would be freezing government fees for three years.

Two weeks ago Dubai’s Department for Economic Development (DED) announced initiatives to exempt firms from some fines and trade violations, reduce operational costs for retailers, as well as support local production and attract start-ups.

Ramy Zaki, chairman of the Multinational Companies Business Group (MCBG), who attended the workshop, said: “It was basically a forum for dialogue, for policy intervention to continue to make Dubai our home, the best place to do business.

“We have contributed our thoughts, now it’s up to the government to decide what to do with that.”

Zaki said there was a good cross-sectional representation of companies of different profiles at the workshop.

“I think the key thing here is that this is a great initiative by the government,” he added. “Anything that goes into creating platforms for exchange, for dialogue, is extremely valuable. I think everyone around the table would benefit from that.

“At the end of the day I think we’re all working towards the same objective of making this place the best place to do business in, making Dubai a continued success, a thriving economy, an attractive city and a nice home.”