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Friday, November 13 - 2009

DED presents emirate's construction and real estate investment plans to Japanese investors

  • United Arab Emirates: Monday, November 05 - 2007 at 15:34
  • PRESS RELEASE

The Dubai Department of Economic Development (DED) presented an overview of the emirate's construction and urban planning and real estate investment environment to a visiting delegation of 20 Japanese businessmen representing leading real estate and construction firms.

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The delegation is visiting Dubai to study the emirate's experience in the different economic fields, especially in real estate and construction.

Mr. Khalid Al Kassim, Deputy Director General for Planning and Development at the DED, who received the delegation, said Dubai's dynamic economic environment encourages investors to choose the emirate as an ideal destination for businesses. He said that the pioneering initiatives and projects here have positioned Dubai as the economic hub of the Middle East region.

"The Department has aligned its growth strategies in line with the Dubai Strategic Plan announced by UAE Vice President & Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum. The DED focuses on enhancing the economic development of the emirate, increasing its competitiveness and reviewing laws for the benefit of the business community, in addition to activating its eServices on the website," added Al Kassim.

The delegation was briefed extensively on Dubai Strategic Plan 2007-2015 and on the main economic sectors that have achieved high growth rates in the last few years.
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Notes and media contacts

About Department of Economic Development (DED):

The Department of Economic Development (DED) was established in March 1992, with the objective to organise, regulate and boost trade and industry within the Emirate of Dubai. The DED has moulded its mission of building a futuristic establishment, in accordance with the vision of the Government of Dubai and in the light of globalisation and the requirements of a digital economy. One of its key functions is to encourage local and foreign investments in commercial and industrial projects, and create the appropriate environment for investors.

The DED's other functions comprise a wide range of regulatory activities including the preparation and maintenance of a commercial register and the supervision of all organisations. The DED is responsible for regulating the affairs of commercial agents and brokers and commercial advertising offices, in addition to overseeing and controlling the insurance industry in the Emirate. Examining the participation of the government in the private sector and representing the government in companies where it has a stake, also comes under the purview of the DED.

For further information, please contact:
Nafisa Marzouki/Nedal Alasaad
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East and North Africa
P O Box 28063, Dubai, UAE
Tel: (971 4) 3344550
Fax: (971 4) 3344556

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