Dubai achieves major progress in business enhancement initiatives

Dubai has achieved a 61 per cent reduction in government procedures for doing business, surpassing its 30 per cent target.

The emirate has also witnessed a 95 per cent reduction in licensing requirements through the Invest in Dubai platform.

Nearly 11,000 requirements have been eliminated to enhance the ease of doing business in Dubai.

The figures were revealed by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council.

He affirmed that the Dubai government will work to accelerate the full completion of its business enhancement initiatives focused on creating promising new opportunities for investors by the first quarter of next year.

The announcement followed a meeting held in the presence of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, in Nad Al Sheba, featuring officials from various government entities.

During the meeting, the General Secretariat of The Executive Council reviewed the results of the implementation of the directives in June to streamline processes related to conducting business in Dubai.

"Our relationship with investors is strong, and we remain committed to consolidating the close partnership between the public and private sectors to constantly innovate and create exceptional business opportunities that will raise Dubai’s competitive advantage," said Sheikh Hamdan.

He praised the efforts of the 37 participating government entities, which contributed to significantly reducing the effort, time and cost incurred by investors, in addition to offering them high-growth investment opportunities.

His Highness also highlighted the successful integration of the efforts of various entities and expressed confidence in the ability of Dubai government teams to provide services that further enhance the emirate's profile as an investment hub.

As part of implementing @HHShkMohd’s vision and @HamdanMohammed’s directives announced in June.. #Dubai achieves 61% reduction of government procedures for doing business, surpassing its 30% target; 95% reduction achieved in licensing requirements. pic.twitter.com/wxuSiVUCqB

— Dubai Media Office (@DXBMediaOffice) October 31, 2021

Dubai is on track to implement all initiatives aimed at reducing procedures of doing business, to unlock new opportunities for investors. We are committed to raising Dubai’s status as a global business hub & adapting to emerging changes to create fresh avenues of growth. pic.twitter.com/N3Gjw1Z47b

— Hamdan bin Mohammed (@HamdanMohammed) October 31, 2021