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DED presents emirate's industry investment plans to Malaysian investors
- United Arab Emirates: Wednesday, November 21 - 2007 at 16:19
- PRESS RELEASE
The Dubai Department of Economic Development (DED) presented an overview of the emirate's industry investment environment to a visiting delegation of more than 15 Malaysian businessmen representing leading industrial and manufacturing firms.
Mr. Omar Hamad Bushahab, Director of Business Sector Development Division at the DED, who received the delegation, confirmed DED's keenness to support and develop the industrial sector in the emirate, which is regarded as one of the main factors for building a prosperous economy. "The industrial sector contributes more than 15 per cent in Dubai's GDP and indicators confirm the vital role to be played by the sector in the coming few years in economic growth and in providing more job opportunities, besides increasing exports to the region and internationally," added Bushahab.
"The DED is keen to provide industrial investors with high quality services, in addition to offering consultations and secure all basic services that they need," noted Bushahab.
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:
Nedal Alasaad/Nafisa Marzouki
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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