Dubai Customs, Dubai Chambers discuss joint support for Dubai Economic Agenda

DMO

Dubai Customs has welcomed a high-level delegation from Dubai Chambers, where they discussed ways to collaborate towards achieving the goals of the Dubai Economic Agenda.

This agenda, directed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, seeks to double Dubai's economic size in the next decade and establish it among the top three global economic cities by creating an ideal investment environment that strengthens Dubai's economic stability.

The delegation was received by Dr. Abdulla Mohammed Busenad, Director General of Dubai Customs, along with Jumaa Al Ghaith, Advisor to the Director General, and the executive directors and department heads of the organization. Leading the Dubai Chambers delegation was Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, accompanied by several chamber officials.

During the meeting, they reviewed the strategic priorities of Dubai Chambers, focusing on enhancing the business environment to stimulate growth in Dubai, attracting global companies and investments, supporting local businesses in expanding into promising international markets, and developing Dubai's digital economy. They also discussed the ambitious plans of the three chambers under Dubai Chambers' umbrella, which include Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy.

Additionally, the discussion covered joint initiatives between Dubai Customs and Dubai Chambers to develop new services, reinforce Dubai's regional and global economic and trade standing, and support the city's ease of doing business ranking. These efforts aim to empower the new generation of Dubai traders across various key sectors and support their global business expansion in line with the Dubai Economic Agenda.

Dr. Abdulla Mohammed Busenad, Director General of Dubai Customs, emphasised the significance of collaborative efforts to enhance sustainable economic development following the directives of the Dubai government to boost foreign investment in economic activities, facilitate trade processes to increase Dubai's non-oil foreign trade value, and fully utilize the emirate's strategic position in global trade with its leading customs and logistics services.

He reaffirmed Dubai Customs' dedication to strengthening cooperation with strategic partners, local entities, and the business and trade sectors to solidify Dubai's advanced position in global competitiveness indices.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, highlighted the strong and successful partnership with Dubai Customs, which is essential for the growth and development of services provided to the business sectors.

He commended the partnership's role in enhancing the business-friendly environment in the emirate and cementing its reputation as a global economic capital and a major trade hub. He confirmed Dubai Chambers' commitment to enhancing efforts to achieve its strategic priorities, which are aligned with Dubai's strategic plans and economic agenda.

More from Business News

  • UAE announces VAT exemptions under amended law

    The Ministry of Finance announced the UAE Cabinet approved amendments to a Federal Decree-Law on Value Added Tax (VAT), which is set to exempt investment fund management services from VAT to stimulate growth in the investment management sector and increase the UAE’s attractiveness as a leading investment hub.

  • Brazil's top court says X paid pending fines to wrong bank

    Brazil's Supreme Court said on Friday that lawyers representing social media platform X did not pay pending fines to the proper bank, postponing its decision on whether to allow the tech firm to resume services in Brazil.

  • Abu Dhabi Investment Office announces animal feed markets tender

    Companies are being invited by the Abu Dhabi Investment Office (ADIO) to submit proposals to operate UAE animal feed markets.

  • OpenAI value climbs to $157bn in funding deal

    OpenAI, the company behind ChatGPT, has raised $6.6 billion (AED 24.4 billion) from investors, which could value the company at $157 billion (AED 576 billion) and cement its position as one of the most valuable private companies in the world.

On Virgin Radio today

  • Club Life with Tiesto

    11:00pm - Midnight

    Tiesto's Club Life is the perfect show to keep your Saturday night buzzing all the way into Sunday.

  • Non Stop Hits

    Midnight - 8:00am

    The UAE's #1 Hit Music Station with no interruptions

Trending on Virgin Radio

  • Bassem Youssef

    One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...

  • Regional Artist Spotlight Podcast

    Hear Maz & James chatting to the featured artists every month with Flash Entertainment.

  • Middle East Hot 30

    Every weekend Kris Fade plays the biggest tracks in the Middle East. Check out this weeks chart...

  • Untold Dubai

    It arrived: The UAE's First Mega Music Festival at Expo City Dubai!