GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Accountancy and finance body ICAEW says recent developments and plans announced by Dubai's government highlights the emirate's promising trajectory towards cementing its influential position as a future-proof global business capital. The plans, which include a geo-economic map for the city, the first virtual commercial city in the region, free economic and creative zones in universities, and Dubai International Financial Center's (DIFC) expansion plan, aim to accelerate the development of Dubai's business landscape.

Dubai, UAE, January 17, 2019:  Commenting on recent plans and pledges announced by HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, Michael Armstrong FCA, ICAEW Regional Director for the Middle East, Africa and South Asia (MEASA) said: 

“The UAE economy has been adapting well to a prolonged decline in oil prices since 2014. As we said in our latest Economic Insight report, the non-oil sector – which represents almost 70% of the UAE's economy – was the key growth driver for the country's economy in 2018. Continued improvements in strengthening non-oil revenue, advancing to a competitive knowledge-based economy, instilling business confidence, and facilitating doing business will help achieve the UAE's 2021 goals.

“Most important, Dubai's approach to change is proactive rather than reactive. This will ensure it is fit and ready to compete in a digital world. Changes, driven by a range of factors, but most significantly technology, will transform all aspects of business and society in the coming years. Governments across the globe are heavily involved in digital transformation initiatives aimed at creating economies better suited to a world of rapid digitalisation. 

“Dubai is investing in innovative thinking, such as the planned transformation of public and private universities into free zones that allow students to carry out business and creative activities, and the establishment of the first virtual commercial city in the region. This makes it clear Dubai is embracing digital transformation. These measures, alongside the development of DIFC 2.0, a move that further supports growth for the regional financial services landscape, will definitely facilitate Dubai's journey towards unparalleled achievement and success.”



Posted by : GoDubai Editorial Team
Viewed 3758 times
Posted on : Thursday, January 17, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Christine Lagarde warns CNN of “big risks on the horizon”
Next Story : Department of Economic Development - Ajman hosts visiting group of government experts to discuss gre...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Delightful Duo Of Elegant Timepieces Make For A Special Valentine Day's Gift
Nothing says ‘I love you' quite like MKS Jewellery Valentine's Day Top Picks
Mesmerizing Gift Sets and Perfume for Her
Classic Smoky Eyes with Essence
Introducing Supergirl Make-Up
The Rado HyperChrome Ultra Light
Chronoswiss Shows Off Twin Limited Edition Flying Grand Regulators
Le Meridien Al Aqah Beach Resort Rolls out Fabulous Deals for February
Innovative, Adventurous and Accurate. It's what pilots need in a timepiece. And ...
The Valentine watch collection by Coach
GUESS Launches JEANS SS19 Collection for Women
212 VIP Extra Limited Edition
NuFACE launches in Bloomingdales and Harvey Nichols!
Lenovo announces Lenovo Truscale™ Infrastructure Services – a consumption-based,...
Chrono 4 Grande Taille Limited Edition - another classy reiteration of an iconic...
The Fall 2019 Michael Kors Collection Runway Show
Turkish Airlines introduces its new The LEGO® Movie 2 Inflight Safety Video, bef...
Dubai's first building biologist receives global recognition
Exclusive position in the front row of the grid: The BMW M850i xDrive Coupe Firs...
Robinsons to launch its new luxury lighting department – the latest addition to ...
UAE supermarket chain Al Maya group to launch products from Woolworths Australia
Is the runway ready for HONOR View20 Moschino edition - the season's most covete...
Caroline Wozniacki chasing more success at Dubai Duty Free tennis championships
Airbus and Emirates reach agreement on A380 fleet, sign new widebody orders
Valentines Day Gift Guide from Anker
Create a Valentine's meal to remember with LG
Jaguar Land Rover expands Ingenium family with straight six-cylinder petrol engine
Greece partners with VFS Global to launch Visa Application Centres in the Kingdo...
Abu Dhabi University and Knowledge Group to participate in IDEX 2019
Wellness Saturdays with H Retreats
Okadoc helps UAE patients find a doctor and book an appointment online instantly
Customs World develops RIISE: first of its kind leading-edge Customs platform
10 things you didn't know about Space Grill
39 days shopping extravaganza brought grand success to 13 participating malls
Zayed University inaugurates largest Bloomberg Finance Lab in the Middle East
SPRING 2019: MEET ‘CECE'
The Retail Summit officially opens
HH Sheikh Saeed Bin Hamdan Al Maktoum Cup First Ever 30 Goal Handicap Exhibition...
H.E. Minister Buhumaid leads Dubai Cares' Walk for Education alongside 15,000 pa...
Pop Star Melissa endorses Talentology 2019
DAFZA to showcase its premium services to the F&B Industry at Gulfood
Airbus to participate in the International Defence Exhibition and Conference (ID...
Ajman Free Zone announces official commitment to culture of innovation at “Digit...
Celebrate Valentine's Day with IKEA
NZMP launches innovative new ingredients at Gulfood 2019 to meet growing demand ...
Hundreds of local pupils to champion inclusion at schools ahead of Special Olymp...
Ethihad Airways to Deploy Latest Generation 787 Dreamliners on all its Flights t...
Eskc Junior round two triumph for GEMS WSO
Turkish Airlines won the “Lease Deal of the Year Award” at Airline Economics Avi...
Fidu Properties to promote, sell Emaar projects at Emaar stand in Dubai Mall