DED and Gulf Organization for Industrial Consulting sign MoU for Industrial Development

Notes and media contacts

For further information, please contact:
Sudha Chandran, Mahmoud Abdulla
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

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.

About Gulf Organization for Industrial Consulting (GOIC):

The Gulf Organization for Industrial Consulting (GOIC) was founded in 1976 by the Arab Gulf States. Its mandate is to promote industrial cooperation and coordination among its six members, namely the Gulf Cooperation Council (GCC) States (UAE, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait), and to foster industrial development both at the public and private sector levels. To this end, GOIC collects and publishes data and information on industrial projects and policies, suggests viable industrial projects that can be implemented by the GCC States on a joint-venture basis, and submits recommendations with regard to the coordination and integration of industrial projects in the GCC States.