(MENAFN - Khaleej Times) The Dubai Economy announced on Tuesday the launch of four initiatives aimed to strengthen ties with the private sector and empower the business community.
The new initiatives include EngageDXB, an app to connect the leadership of all business group entities; the Dubai Quality Appreciation Award for Business Groups & Councils; Legal Status for Business Groups and Councils, and a Future Industry and Foresight initiative to serve as a resource for business groups.
Sami Al Qamzi, director-general of Dubai Economy, speaking at the second Business Community Engagement (BCE) Forum urged the business community to be part of the new initiatives so they can take advantage of the opportunities to improve performance, provide better services to members and attract new members.
Al Qamzi reminded of the need to strengthen the collective voice and efforts aimed to develop business in Dubai. "We are working tirelessly to raise the concept of a business-supporting government to a new level of understanding, partnership and mutual respect, and we will continue to co-operate with business groups and regulatory bodies to address the various issues and challenges, and help businesses to be future-ready."
To be future-ready means to be prepared for new opportunities, growth, development and investments. The outcome is a better economy, an efficient business environment, an effective organisation and an advanced quality of life for all, said Al Qamzi.
The annual BCE Forum, under the theme 'Enabling a Future-Ready Business Environment, is a strategic event for Dubai Economy to position itself as a prime facilitator and enabler for businesses in all sectors to grow sustainably.
The Forum was aimed to strengthen the partnership between Dubai Economy and the business community in Dubai, and particularly support businesses to be future-ready, said Al Qamzi.
The BCE Forum brought together representatives of business councils and groups in Dubai and diplomatic delegations along with chief executives of major companies operating in the UAE.
The BCE initiative was launched in April 2016 to deepen the strategic engagement between the Department of Economic Development and the business groups, councils, associations and corporate sector.
Al Qamzi added that Dubai has come a long way in achieving sustainable development based on innovation and high productivity, by building a diverse base of high value-added economic activities, which has also enabled the national economy to grow and adjust to internal and external shocks.
"GDP growth in Dubai is expected to reach 3.2 per cent this year, 3.5 per cent in 2018 and 3.7 per cent in 2019, supported by a stimulating business environment that is the best in the Arab world and 21st among 190 global economies, according to the latest Doing Business report of the World Bank," said Al Qamzi.
Mohammed Shael Al Saadi, CEO, Corporate Strategic Affairs Sector in Dubai Economy, said Engage DXB is the first virtual networking platform that connects all Dubai business groups and key stakeholders to communicate and share information on Dubai Economy and group activities.
Issac John Associate Business Editor of Khaleej Times, is a well-connected Indian journalist and an economic and financial commentator. He has been in the UAE's mainstream journalism for 35 years, including 23 years with Khaleej Times. A post-graduate in English and graduate in economics, he has won over two dozen awards. Acclaimed for his authentic and insightful analysis of global and regional businesses and economic trends, he is respected for his astute understanding of the local business scene.
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