Dubai: H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the Higher Committee for the Development of the Economic and Financial Sector in Dubai, chaired a critical meeting of the committee to review the emirate's economic and financial strategic plans and objectives.
According to Emirates News Agency, the meeting focused on aligning Dubai's economic and financial sectors with international standards and responding to the fast-paced changes in the global economy. H.H. Sheikh Maktoum emphasized the importance of the committee's role in advancing Dubai's position as a global economic hub, driven by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai.
The committee is tasked with approving economic and financial policies, updating sectoral regulations, enhancing transparency, and encouraging investment in innovative sectors. H.H. Sheikh Maktoum reiterated the ambition to set new benchmarks for Dubai's competitiveness in the global economy, with an integrated vision supporting the emirate's growth as a key economic center.
H.H. Sheikh Maktoum directed committee members to create innovative mechanisms to enhance Dubai's standing as a dynamic and attractive global development model. The committee will present a comprehensive vision for the financial sector's advancement, seeking approval from His Highness Sheikh Mohammed bin Rashid Al Maktoum.
The committee includes key members: Mohammad bin Abdullah Al Gergawi, Mohammad bin Hadi Al Husseini, Omar Sultan Al Olama, Helal Saeed Al Marri, Essa Abdulfattah Kazim, Faisal Yousef bin Sulaitin, Fadel Abdulbaqi Al Ali, Saeed Al Attar, and Huda Sayed Naim AlHashimi. They collectively aim to develop a long-term agenda to advance Dubai's financial sector.
The agenda includes strengthening Dubai's asset management position, supporting startups, fostering a competitive banking environment, and accelerating digital transformation by promoting virtual assets and fintech innovation.
H.H. Sheikh Maktoum instructed the committee to update laws, enhance sector transparency, and develop a modern digital infrastructure. The focus is to simplify financial market listings and position Dubai as a global hub for economic activities.
The committee will also endorse high-level policies supporting Dubai's Economic Agenda D33, coordinate efforts among economic entities, and ensure the alignment of sectoral activities with Dubai's strategic goals.
Enhancing Dubai's regional and global competitiveness is a priority, with plans to develop an ecosystem that attracts investors and talent. The committee will launch initiatives empowering investors, ensuring capital flow, and providing incentives to leverage Dubai's investment opportunities.
Additionally, plans will be developed to promote Dubai as a premier investment destination, overseeing execution in collaboration with stakeholders. Data and performance indicators will be reviewed to elevate Dubai's global standing, aiming to attract international investors and entrepreneurs.