Tag Archives: Ministry of Economy

H.E. Abdulla bin Touq Al Marri, Minister of Economy, held a bilateral meeting with H.E. Aziz Abdel Hakimov, Minister of Environment, Environmental Protection and Climate Change and responsible for the tourism portfolio of Uzbekistan, and his accompanying delegation. It explored opportunities for cooperation and the development of partnerships in the areas of new economy, sustainability, circular economy, entrepreneurship, and SMEs. H.E. Bin Touq emphasized that the UAE-Uzbekistan relations are strong and characterized by continued growth in various fields, historical ties, geographical proximity, and shared cultural and Islamic values. H.E. Bin Touq said: “Both our countries boast geographical locations through which key markets in Asia and Africa can be accessed. In addition, both markets offer numerous promising opportunities in new and sustainable economic sectors that can be leveraged to build more economic partnerships at the government and private sectors, thus elevating our existing partnership to new levels.” He added: “Our meeting with the Uzbek delegation is an important step forward in strengthening economic cooperation, facilitating dialogue at the private sector level and unlocking new avenues for efforts that support bilateral cooperation in economic sectors of shared interest.” He noted that the meeting is particularly important as it comes ahead of the UAE’s hosting of COP28 in Dubai from 30 November to 12 December 2023. The meeting discussed strengthening of cooperation and exchange of experiences and expertise on sustainable policies for tourism, entrepreneurship, and SMEs development, in addition to exploring opportunities in these sectors that are key to economic growth. Furthermore, H.E. Bin Touq reviewed the advantages offered by the UAE’s business environment to investors and business owners. These include the substantive amendments to the Commercial Companies Law to create a flexible …

Ministry of Economy, UAE and Dubai Chamber, which is the key local partner for Google’s ‘Grow Stronger with Google’ programme, discussed digital transformation in the sector Small and medium enterprise, during a webinar in the presence of His Excellency Dr. Ahmed bin Abdullah Humaid Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises. His Excellency Dr. Ahmed bin Abdullah Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises, spoke about the need to continue investing in modern technologies to enhance the effectiveness of responding to the repercussions of the pandemic. He stressed on the vital role of technology in accelerating the pace of economic recovery and restoring momentum in various sectors, especially retail sales, tourism and hospitality services. During the panel discussion, His Excellency further added that “The challenges that the world faces today have proven that investing in technology, innovation and digital transformation is no longer an option, but rather has become an imperative to ensure the continuity of competitiveness. There is no doubt that the post-Covid-19 scene will not be like earlier times and the speed of adapting to the new reality will be a key factor in accelerating the pace of recovery of economies globally and returning to the path of growth. He also remarked on how Governments, and the private sector provide virtual channels of coordination and communication at a time when direct communication is difficult due to the preventive measures in place. “In this context, we would like to commend the partnerships between government agencies in the UAE and global technology leaders such as Google, as these partnerships and initiatives contribute to increasing the resilience of the …

H.E. Khalid Jasim Al Midfa, Chairman, SCTDA, addressing a special meeting chaired by the UAE Ministry of Economy explained that the visit served as an important platform in the efforts to explore further joint cooperation with the Ministry of Economy, especially in the move to promote tourism during a post-COVID-19 phase. H.E. expressed the Authority’s continuing commitment to be a key partner of the Ministry of Economy and its move to support the country’s tourism segment. We highly appreciate the efforts made by the government to limit the impact of the global pandemic on the tourism sector and their provision of the means to further accelerate the pace of recovery to help push the path of tourism development.” “We renew our commitment to support the proactive endeavours led by the Ministry of Economy to implement initiatives related to the tourism segment, which are part of the 33 initiatives planned to support the economic sectors, especially those concerned with promoting tourism to achieve future directions in building a diversified, competitive and sustainable economy. We look forward to uniting our energies in support of domestic tourism, which is seen as the main pillar in the return of tourism activity post COVID-19. In line with further consolidating its domestic tourism’s role as a key contributor to the local economy in Sharjah, we have launched a package of specific initiatives that are aimed at consolidating the leadership of the emirate in the list of safe tourist destinations in the world, by focusing on following the best practices that guarantee the health and safety of visitors,” concluded Al Midfa.

Under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai and in the presence of HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, the Annual Investment Meeting (AIM) 2019 opened yesterday. The 9th edition of the world’s biggest platform for foreign direct investment (FDI) will run until April 10 in Dubai under the theme ‘Mapping the Future of FDI: Enriching World Economies through Digital Globalisation’. The event also witnessed the presence of four presidents, one Deputy president and 40 ministers including H.E. Evo Morales, President, Plurinational State of Bolivia; H.E Muhammadu Buhari, President, Federal Republic of Nigeria; H.E Rustam Minnikhanov, President of Tatarstan, Russian Federation; H.E. Ramzan Kadyrov, Head of Chechen Republic, Russian Federation and H.E. Huchiev Muslim, Deputy Chairman of Chechen Republic, Russian Federation. In his opening speech, His Excellency Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Cabinet Member and Minister of Infrastructure Development said, “We are delighted to welcome all of you to the opening ceremony of the ninth edition of the Annual Investment Meeting. The forum, organized by the Ministry of Economy, has become a prominent event on the regional and international arenas as one of the largest investment gatherings in the world. We are honored by the wide global participation in this year’s edition, which includes delegations from more than 140 countries from around the world, who have gathered here to jointly explore the latest trends in foreign direct investment.” “At the national level, the UAE continues to rank first in the region in terms of FDI inflows, which in 2018 amounted to USD 10.4 billion according to …

Sharjah Commerce and Tourism Development Authority (SCTDA) joins the tourism delegation from the UAE led by the Ministry of Economy to visit three Scandinavian cities as part of the ‘Visit UAE’ roadshow. The delegation comprising eight government officials, Emirates airlines and 29 representatives from the hotels and travel agencies across the UAE, is visiting Stockholm, Oslo and Copenhagen from September 17 to 21, 2018. SCTDA will showcase the enriching tourism experiences in Sharjah with its diverse culture and heritage to encourage more people from these cities to visit the emirate. Participating in the roadshow is one among the number of activities the authority intends to implement in the next couple of months to help drive tourism growth. The workshops to be held during the roadshow will provide a platform for SCTDA and the UAE delegation to strengthen partnerships with their counterparts in the Scandinavian cities. HE Khalid Jasim Al Midfa, Chairman, SCTDA, said: “The tourism sector is a major pillar in the UAE’s efforts in economic broadening, a key strategy for the country’s transition to the post-oil economy and the ‘Visit UAE’ roadshow will contribute in achieving this vision. Our country has continued to gain popularity across the world as a leading destination in the Middle East. We look forward to capitalising the opportunity to present our market offerings in these European cities and strategically position Sharjah as a destination of choice.”

For the second year in a row, the Ministry of Economy is organizing a promotional roadshow under the slogan ‘Visit UAE’ in the People’s Republic of China from March 27 to 28, 2017 in Shanghai and Beijing to showcase the UAE’s world-class tourism destinations. The delegation will be headed by H.E. Mohammed Khamis Al Mheiri, Undersecretary of the Ministry of Economy and Advisor to the Minister for Tourism Affairs. Accompanying him are H.E. Abdullah Saleh Al Hammadi, Director of the Ministry of Tourism’s Tourism Department, representatives of tourism agencies in the UAE, hotel and tourism and travel companies. H.E. Al Mheiri said that the latest edition of the roadshow aims to attract more Chinese tourists to the UAE and represents collective nationwide efforts organized by the Ministry of Economy in cooperation with relevant bodies and departments to highlight the country’s diverse tourist destinations, attractions, and distinctive and innovative services awaiting tourists. The Undersecretary pointed out that the UAE’s tourism sector is growing rapidly thanks to the full support of the wise leadership. He also noted the continuous development of industry-enhancing infrastructure and sustained investments in innovative tourism facilities and services as well as the diversity of tourism options offered by the different emirates to foreign tourists. H.E. emphasized that the participation in and organization of events abroad are of great importance in enriching the image of UAE tourism among foreign visitors as well as introducing special advantages and incentives offered by the sector to different countries. He added they help secure a greater share of the global tourism and travel markets. H.E. Al Muhairi pointed out that China is a priority tourism market for the UAE due to its great …

The Ministry of Economy will hold its ‘Tourism Leadership Program’ from October 30 to November 3, 2016, in collaboration with the UN World Tourism Organization (UNWTO) and Themis Foundation. The programme falls under the framework of the Emirates Host initiative launched recently by the Ministry which aims to enhance the capabilities of the tourism sector and support the preparation of a strategic integrated five-year development plan. The plan will raise the efficiency of the UAE’s tourism workforce, improve service levels, and build local capacities. H.E. Eng. Sultan bin Saeed Al Mansouri, Minister of Economy, said: “The development of the tourism sector and the enhancement of its contributions to the national economy are among the main pillars supporting economic diversification and promoting policies for a post-oil economy.” The Minister also emphasized that the Ministry will continue to work on developing a national tourism strategy that covers plans, initiatives and programs at the federal and local levels over the next five years. The strategy will promote and market UAE as a Tourism destination by creating a unified destination identity and supporting and strengthening each emirate’s unique tourism potentials. For his part, H.E. Mohammed Khamis Al Muhairi, Undersecretary at the Ministry of Economy, added that the Ministry is coordinating with the UN World Tourism Organization and Themis Foundation, which is responsible for implementing training and education programs, to prepare an extensive tourism training plan during the coming period which will include many of the training programs and interactive workshops tailored for citizens working in the tourism sector. The Tourism Leadership Program is an intensive training course focused on strengthening the foundations of leadership and communication in tourism through theoretical and practical approaches.