Government listens to business

The first meeting of the Dubai Economic Council shows that the idea of public-private partnership is alive and well in Dubai.

  • E-Mail
By  David Ingham Published  March 12, 2003

The Dubai Economic Council, an advisory body made up of Dubai’s most senior businessmen, held its first meeting on March 11) at the Dubai Chamber of Commerce and Industry.

His Highness Sheikh Mohammed bin Rashid Al Maktoum told the Council that consultation and exchange of views between the public and private sectors is vital and will help to increase political and economic stability.

“We look forward to your distinguished council to become an effective framework that gives all participants of economic activity the chance to contribute to crystallising policies and economic plans, and also the chance to strengthen economic integration nationwide along with the economic status of Dubai,” said Sheikh Mohammed.

“We look forward to a council whose major preoccupation is improving the performance of the national economy and the investment climate, and increasing productivity and quality in all sectors.”

Ahmed Al Banna, deputy director general, Dubai Chamber of Commerce and Industry, who attended the Council, was positive about its prospects.

“I believe the Economic Council will play the role of an advisory board to the government, giving suggestions to improve certain sectors, trying to put forward proposals and being proactive rather than reactive,” he told Arabian Business.

“It’s a very courageous and strong step. I think the Economic Council will meet on a regular basis, discuss many issues and put its suggestions to the government and the Executive Council.”

Al Banna listed many issues facing regional businessmen that would likely come up for discussion in the Council.

“Dubai is the economic capital of the UAE and Dubai has to have a very strong say in whatever we are committing to in reference to WTO,” he said.

“We have a lot of things happening on the GCC level — the setup of the Customs Union, the application of the Customs Union, and what the difficulties are in the implementation of the Customs Union. Then, what’s going to happen after the Customs Union?

"We’re talking about the establishment of the Arab Free Trade Zone; we’re talking about negotiating with different economic blocks. These are important subjects that affect our economic entities in the UAE and Dubai specifically. Therefore, we need to have a proactive role in those things.”

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code