DED participate in the GCC 10th Industrialists Conference

In its continuing commitment to developing a significant industrial sector in the GCC, the Dubai Department of Economic Development (DED) participated in the GCC 10th Industrialists Conference which was held recently in Kuwait.

United Arab Emirates: Monday, January 23 - 2006 at 13:34
PRESS RELEASE

Farid Al Abdullah, Head of the Business Sector Development Division at DED.

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The conference highlighted the GCC Industry's Competitiveness in The New Economy with the objective of presenting a structural framework for industrial development and highlighting integrated policies to achieve a sustained industrial development in the region. .

The DED delegation was headed by Farid Al Abdullah, Head of the Business Sector Development Division at DED accompanied by Dr. Faisal Al Amir, industry Advisor.

Commenting on the conference Mr. Al Abdullah said:

'The key to stable economy growth lies in developing the industrial sector. The main objectives of the conference are to present an environmental scanning of Gulf industry and the extent of harmonization between aspirations and practical constraints.'

The conference highlighted the productivity & competitiveness in industry which helps in fostering sustained development in the Gulf. Other issues discussed at the conference included the crucial importance of research and development and policies that focus on implementation of modern technology. The conference also discussed the benefits of shifting from inward-oriented policies to outward-oriented policies and export oriented industries.

Experts and analysts at the conference discussed the current situation in the industrial sector in the Gulf including a number of issues aimed at adapting industry to the pre-requisites of the knowledge economy.

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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.

Posted by Anne-Birte Stensgaard, Senior News Editor
Monday, January 23 - 2006 at 13:34 UAE local time (GMT+4)

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