Ruler of Dubai reveals formation of working group to develop Federation of UAE Chambers of Commerce and Industry
Date
6/11/2024 5:40:07 AM
(MENAFN) Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, revealed that the Council of Ministers had endorsed the formation of a working group, led by the Ministry of Economy, during their Monday meeting. The primary objective of this group is to revamp the Federation of Chambers of Commerce and Industry in the country, paving the way for a new trajectory aimed at bolstering the economy, expanding market access, and fostering new global partnerships.
Emphasizing the importance of adapting to evolving economic landscapes, Sheikh Mohammed bin Rashid stated that sustained economic growth in the UAE necessitates continual structural adjustments to align with dynamic market changes. The formation of the working group reflects the government's commitment to driving economic development and enabling local companies to venture into global markets.
Furthermore, during the meeting, the Council of Ministers endorsed the country's adherence to the principles and recommendations outlined in the International Code for the Protection of Tourists, issued by the United Nations Tourism Organization. These guidelines will serve as a framework for the UAE's tourism institutions, ensuring the application of principles that prioritize safety and enhance the overall tourism experience. Sheikh Mohammed bin Rashid highlighted the UAE's leading position in terms of safety within the region and globally, underscoring the nation's dedication to maintaining its reputation as a premier tourist destination.
The announcement underscores the UAE's proactive approach to economic governance, prioritizing strategic initiatives to foster sustainable growth, enhance market competitiveness, and promote international cooperation for the betterment of the tourism sector.
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